Calcium gluconate, a mineral supplement, is produced by the neutralization of gluconic acid with calcium carbonate or lime. The mineral supplement also features among the list of key medicines on the World Health Organization’s list of essential medicines. It is used for treating conditions resulting from calcium deficiencies. These conditions include: hypocalcemia related to hyperparathyroidism, hypocalcaemia tetany, and hypocalcaemia associated with rapid growth or pregnancy. Besides its use as an active ingredient in medicines, it is also widely used in numerous food products, where it serves the role of a nutrient supplement. Calcium gluconate is a source of calcium in different varieties of foods and beverage, including: soft drinks, milk, bottled waters, juices, soy products, dairy products, confectionery, and baked goods.
Calcium Gluconate Market: Drivers & Restraints
The global market for calcium gluconate is projected to grow as a result of the mounting demand from different end-use industries with the highest demand expected from pharmaceutical and food and beverages. Additionally, sunrise industries, such as nutraceuticals, have also largely stirred up demand for calcium gluconate globally. It is a major ingredient in various calcium-based health supplements.
An upswing in the demand for health supplements as a result of health aware consumers has briskly driven this market globally. Over 75% of Americans are reported to be calcium deficient. More than one among every 10 Americans, studies show, already suffers from, or stands the risk of, suffering from osteoporosis or other types of bone conditions or diseases. This is a major driver for the market for calcium gluconate in North America. The U.S. is projected to witness higher than average growth resulting from the use of health supplements. In other developed countries, a similar trend will continue.
However, when the intake of calcium gluconate is excessive, it may cause various side effects. These could be in the form of constipation, nausea, and an upset stomach. Likewise, rapid IV injections of this mineral supplement may lead to hypercalcaemia, which can further result in cardiac arrhythmias, vasodilation, bradycardia, and decreased blood pressure. This restrained the market for calcium gluconate.
Calcium Gluconate Market: Segmentation
The global market for calcium gluconate can be segmented broadly based on application, end use, as well as the form available. Based on the end use, the market for calcium gluconate can be further segmented into: emulsifier, bulking agent, and thickening agent. Similarly, on the basis of application, the calcium gluconate market can be further bifurcated into: food & beverages, pharmaceuticals, and nutraceuticals. The mineral supplement is available in the following forms on the commercial market: gum, powder, and liquid.
Calcium Gluconate Market: Region Wise Outlook
Geographically, the global calcium gluconate market can be classified based on seven regions: Latin America, North America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA).
The Asia Pacific region is projected to witness the highest growth thanks to increasing demand from the numerous end-use industries here. In addition, the growing government spending on infrastructure development will also help fuel the market’s growth through the forecast period.
Calcium Gluconate Market: Key Players
The major global key players in this space include: Noah Technologies Corporation, Aaron Industries, Inc. AKZO Nobel Chemicals Inc, American Biorganics, Inc, Coyne Chemical, Alfa Aesar, PMP Fermentation Products, Inc, Glucona America, Inc.
These companies are staying competitive by developing innovative market, which include mergers and acquisitions, new product development, joint ventures, and expansion.
Besides these large firms, there are also multiple new entrants in this market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.