Key Market Overview:
Calcium Acetate Market size was valued at USD 155.9 Million in 2022, registering a CAGR of 3.5% during the forecast period (2023-2030), and the market is projected to be worth USD 201.6 Million by 2030.
Calcium acetate is an inorganic salt compound with the chemical formula Ca (C2H3O2)2. It is a white, crystalline powder that is soluble in water and insoluble in alcohol. Calcium acetate is commonly used as a source of calcium in various applications, such as food additives, pharmaceuticals, and water treatment. In the food and beverage industry, calcium acetate is used as a calcium fortifier in various food and beverage products, such as dairy products, bakery products, and functional food and beverages. Additionally, the compound is one of several calcium salts used to treat various diseases such as chronic renal failure, end-stage renal failure, and hyperphosphatemia in patients with kidney disease. Moreover, in the agriculture industry, calcium acetate is used as a fertilizer for plants, as it helps to increase soil pH levels and improve plant growth and yields.
The Asia-Pacific is the largest region for calcium acetate in 2022, driven by the presence of large consumer markets and the growing demand for calcium-fortified food and beverage products. The region is expected to continue its dominance in the market in the coming years, as its demand is growing rapidly due to increasing urbanization, and rising disposable incomes.
Calcium acetate is used as an active ingredient in various medications, such as antacids and phosphate binders. Due to the aforementioned reason the demand for calcium acetate is growing in the pharmaceutical industry serving as the major key driver. In addition, the increasing incidence of various chronic diseases, such as osteoporosis and kidney diseases including hyperphosphatemia, is accelerating the calcium acetate market in the pharmaceutical industry. Moreover, calcium acetate is also used in water treatment processes, where it is added to water to control pH levels and prevent corrosion in pipelines and other equipment. Furthermore, in the food & beverages industry, they are used as the buffering agent for preservation purposes to prolong the shelf life of the food and to adjust the acidity of the food which surges the demand for calcium acetate in the market
The increasing concerns over the environmental impact of calcium acetate production limit the growth of the market. Calcium acetate increases the pH of the water, altering the balance of aquatic ecosystems. Additionally, if calcium acetate is not properly treated before being released into the environment, it contributes to the build-up of harmful pollutants, such as heavy metals. Furthermore, the calcium acetate market experience slowdown in growth due to the changing preferences of consumers towards organic food products instead of preservatives. This shift in preference is causing the food industry to put more emphasis on producing organic food which is predicted to act as a significant barrier to the market’s growth.
Calcium acetate is used in various forms, such as powders and tablets, and there is potential for the development of new delivery methods, such as liquid and gel forms, to improve its bioavailability and enhance its efficacy. Research and development efforts aimed at developing new delivery methods which are expected to provide growth opportunities to the market over the forecast period. Furthermore, calcium acetate is a potential compound for use in new applications, such as in the cosmetic and personal care industry. Thus, it will provide ample growth opportunity for the market over the forecast period.
Calcium Acetate Report Coverage:
|Market Size in 2030 (USD Million)
|Industrial Grade, Food Grade, and Pharmaceutical Grade
|Buffering Agent (Texturizer, Stabilizer, and, Thickener), Phosphorus Binder, Firming Agent, and Others
|By End User
|Pharmaceutical, Food & Beverages, Agriculture, Pet foods, and Others
|North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Solvay SA, Evonik Industries AG, Kemira Oyj, Macco Organiques, GFS Chemicals Inc., Alfa Aesar (Johnson Matthey Group), Merck KGaA, Avantor Performance Materials, LLC, Ava Chemicals Private Limited, and Haihang Industry Co., Ltd.
The grade segment is categorized into industrial grade, food grade, and pharmaceutical grade. The pharmaceutical grade segment dominated the market in terms of revenue in 2022 due to the high-purity form of calcium acetate that is specifically formulated for use in the pharmaceutical industry, primarily as a phosphorus binder for patients with chronic kidney disease. The calcium acetate product, PhosLo, is a prescription medication used to control serum phosphorus levels in patients with chronic kidney disease. Furthermore, the food grade segment is also anticipated to register the fastest-growing CAGR in the calcium acetate market over the forecast period. Food-grade calcium acetate is commonly used as a firming agent and calcium supplement in various food and beverage products, including fruit juices, jams, jellies, and canned fruits. It helps to improve the texture and stability of these products, as well as to provide a source of calcium, which is an essential nutrient for human health.
The function segment is categorized into a buffering agent, phosphorus binder, firming agent, and others. The buffering agent segment holds the largest share of the calcium acetate market in terms of value due to its wide variety of applications in the food industry. Calcium acetate works as a thickener by increasing the viscosity of liquids. This property is useful in creating sauces, soups, and dressings with a desired texture which accelerates the demand for the calcium acetate market in the food and beverages industry.
Furthermore, the phosphate binder agent segment is expected to grow with the highest CAGR over the forecast period due to the application of calcium acetate used as a phosphorus binder in the treatment of chronic kidney disease. When taken with food, it binds with phosphorus in the digestive tract, reducing the amount of phosphorus that is absorbed into the bloodstream and preventing further kidney damage. Thus, phosphate binder agents growing use is likely to grow the segment at a considerable CAGR over the forecast period.
By End User
The end-user segment is divided into pharmaceuticals, food & beverages, agriculture, pet foods, and others. The food & beverages segment holds the largest share of the market in terms of value due to the use of calcium acetate to improve the quality and appeal of food products, making it an important ingredient in the food and beverage industry. Moreover, the pharmaceutical industry is anticipated to dominate the market with the fastest CAGR over the forecast period due to the use of calcium acetate as a source of calcium in antacids and phosphate binders that helps to neutralize excess stomach acid and reduce the levels of phosphorus in the blood in patients with chronic kidney disease. In addition, calcium acetate is also used in the production of certain types of slow-release tablets and capsules.
The calcium acetate market is segmented by region into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Europe holds the largest share of the calcium acetate market due to the high regulation of the food and pharmaceutical industries in this region. Additionally, calcium acetate is approved for use as a food additive and ingredient in medications by the European Union’s regulatory agency, the European Food Safety Authority (EFSA) surging the demand for calcium acetate in Europe.
Furthermore, Asia Pacific is expected to witness significant growth over the forecast period. This is due to the growing middle-class populations in many Asia Pacific countries driving the demand for high-quality, convenient, and functional food and pharmaceutical products, boosting the use of calcium acetate as a food additive and ingredient in medications. In addition, the rise of the health and wellness trend in the region is driving the demand for functional and high-quality food products, further boosting the use of calcium acetate.
Calcium Acetate Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. The calcium acetate market is highly competitive, with a large number of players operating at both the regional and global levels. Companies compete based on factors such as product quality, price, innovation, and brand recognition, and many engage in research and development activities and strategic partnerships to stay ahead of the competition. Listed are the key players:
- Solvay SA
- Evonik Industries AG
- Kemira Oyj
- Macco Organiques Inc
- GFS Chemicals Inc.
- Alfa Aesar (Johnson Matthey Group)
- Merck KGaA
- Avantor Performance Materials, LLC
- Ava Chemicals Private Limited
- Haihang Industry Co., Ltd.
- In July 2022, GFS Chemicals Inc. announced that they have renewed their Research and Analytical Products Division’s ISO/IEC 17025 showing full compliance with the international testing standards.
- In June 2021, the Kerry Group PLC acquired Hare Topco, Inc. also known as Niacet Corp. at USD 1.01 Bn. The acquisition will help to boost Kerry’s food protection and preservation strategy, allowing the company to offer new products and technologies in a broader market.
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