Calcium Gluconate Market size is estimated to reach $976 M by 2025 and is poised to grow at a CAGR of 6.29% during the forecast period 2020-2025. Calcium gluconate is a mineral supplement, which can be prepared by the neutralization of gluconic acid with lime or calcium carbonate. Calcium gluconate helps to treat conditions arising from calcium deficiencies such as hypocalcemia tetany, hypotension, hypocalcemia related to hyperparathyroidism, hypocalcemia owing to rapid growth or pregnancy and hypermagnesemia using Intravenous therapy (IV) and other methods. Globally, calcium gluconate market is poised to grow owing to growing demand from end-use productions like medicinal and foodstuff & drinks.
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By Application Type- Segment Analysis
The global calcium gluconate market based on the application has pharmaceuticals, food & beverages, nutraceuticals, and personal care products. Pharmaceuticals registered high revenue in the year 2019 and is poised to grow for the forecast period (2020-2025). The growth is owing to the demand from health and essential medicine. Calcium gluconate helps in treatment of calcium deficiencies and it generated a high amount of revenue from pharmaceuticals in the year 2019. The food & beverages is set to grow with the highest CAGR of 5.87% during the forecast period owing to the rise in the intake of calcium gluconate in different food products.
By End Use – Segment Analysis
The global calcium gluconate market based on end-use, can be further segmented into the bulking agent, emulsifier, and thickening agent. The bulking agent was on top in terms of revenue in the year 2019 and is poised to grow during the forecast period (2020-2025). The growth of the segment is owing to high demand in pharmaceutical and food industry.
By Geography – Segment Analysis
Asia Pacific holds major share of 43% of the overall market share. This is owing to increasing demand from end-use industries. China and India are still the main consumption regions owing to the advanced production technology and a wide range of downstream areas. In addition, increased government spending on infrastructure development is likely to fuel market growth over the forecast period (2020-2025). With the improve innovative technologies, the U.S. and South America region are poised to grow at the highest CAGR.
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Drivers – Calcium Gluconate Market
The calcium gluconate market is poised to grow owing to increasing demand from industries of pharmaceuticals and food & beverages. Demand for the use of calcium supplements is increasing in recent years owing to its benefits to treat deficiency of calcium like hypocalcemia tetany, hypocalcemia related to hyperparathyroidism, and hypocalcemia.
Challenges – Calcium Gluconate Market
The increase in intake of calcium gluconate leads to various side effects such as nausea, constipation, and stomach upset. Rapid intravenous injections of calcium gluconate cause hypercalcemia, which can additionally result in heart arrhythmias, vasodilation, bradycardia, and diminished circulatory strain. This controlled the market for calcium gluconate.
Calcium Gluconate Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Calcium Gluconate Market. Key companies of this market Spectrum Bulk Chemicals, Mallinckrodt Inc., Westco Chemicals Inc, Aaron Industries, Inc. American Bioorganic, Alfa Assar, Coyne Chemical, PMP Fermentation Products, Inc, Noah Technologies Corporation, AKZO Nobel Chemicals Inc, and Glucona America, Inc.
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