Calcium Acetate Market Size was valued at USD 0.12 Billion in 2022. The Calcium Acetate industry is projected to grow from USD 0.124 Billion in 2023 to USD 0.16 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2024 - 2032). Increasing demand for the product from the food & beverage industry and growing demand for pharmaceutical products are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Calcium acetate is witnessing increased demand in the pharmaceutical sector due to its applications in the treatment of hyperphosphatemia in patients with kidney disease. As the global population ages and the incidence of chronic kidney diseases rises, there is a corresponding surge in demand for pharmaceutical products containing calcium acetate. The compound's efficacy in managing phosphate levels in patients on dialysis contributes to its prominence, and pharmaceutical companies are incorporating it into various medications, driving the growth of the Calcium Acetate Market. This factor drives the market CAGR.
Additionally, calcium acetate finds application as a food additive, functioning as a firming agent and a calcium supplement in various food products. With the increasing awareness of health and wellness among consumers, there is a growing trend toward incorporating calcium-rich ingredients in food formulations. Calcium acetate, being a source of calcium, is being utilized by the food industry to fortify products. This trend aligns with consumer preferences for nutritionally enhanced and functional foods, contributing to the expansion of the Calcium Acetate Market in the food and beverage sector.
The water treatment industry is experiencing a surge in the use of calcium acetate as a coagulant and flocculant. Calcium acetate aids in water purification processes by promoting the aggregation of impurities, facilitating their removal. As concerns about water quality and environmental impact grow globally, there is an increasing emphasis on effective water treatment solutions. Calcium acetate's eco-friendly nature and its ability to contribute to efficient water treatment processes position it as a favorable choice in the market. This trend is likely to drive sustained growth in the Calcium Acetate Market within the water treatment sector. For instance, in July 2022, GFS announced that the company has not only renewed its Research and Analytical Products Division's ISO/IEC 17025:2017 accreditation but has also extended it to include Karl Fischer titrations. GFS Chemicals attained ISO/IEC 17025:2017 accreditation, showing full compliance with the international testing standards. Thus, driving the Calcium Acetate Market revenue.
The Calcium Acetate Market segmentation, based on Function includes Exturizer, Stabilizer, Thickener, Firming Agent. The dominating category is "Stabilizer." Calcium acetate is widely recognized and utilized for its stabilizing function in various food and beverage products. As a stabilizer, it helps maintain the texture, consistency, and overall quality of food items, making it a crucial ingredient in the food industry. Simultaneously, the fastest-growing category is "Thickener." The demand for calcium acetate as a thickening agent has been on the rise due to its ability to improve the viscosity and texture of food products.
The Calcium Acetate Market segmentation, based on Application, includes Pharmaceuticals, Agriculture, Food and Beverages, and Pet Food. The dominating category is "Pharmaceuticals." Calcium acetate is widely utilized in the pharmaceutical industry for its role in various medications and treatments. It serves as a pharmaceutical excipient, contributing to the stability and effectiveness of pharmaceutical formulations. Simultaneously, the fastest-growing category is "Food and Beverages." The demand for calcium acetate in the food and beverage industry has been rapidly increasing, particularly for its application as a food additive and preservative.
Figure1: Calcium Acetate Market, by Application, 2022&2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Calcium Acetate Market area will dominate this market, owing to a combination of robust healthcare practices, a high incidence of relevant medical conditions, and stringent water quality standards that will boost the market growth in this region.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CALCIUM ACETATE MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Calcium Acetate Market accounts for the second-largest market share due to the high prevalence of chronic kidney diseases and pharmaceutical research initiatives. Further, the German Calcium Acetate Market held the largest market share, and the UK Calcium Acetate Market was the fastest-growing market in the European region.
The Asia-Pacific Calcium Acetate Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the increasing burden of chronic kidney diseases, a thriving pharmaceutical industry, and government initiatives in water treatment. Moreover, China’s Calcium Acetate Market held the largest market share, and the Indian Calcium Acetate Market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Calcium Acetate Market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the calcium acetate industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the calcium acetate industry to benefit clients and increase the market sector. In recent years, the calcium acetate industry has offered some of the most significant advantages to medicine. Major players in the Calcium Acetate Market, including Merck Millipore, Solvay, Alfa Aesar (Johnson Matthey Group), Avantor Performance Materials, J.M. Loveridge Ltd., Amresco LLC., and others, are attempting to increase market demand by investing in research and development operations.
The Kerry Group is a multinational food company headquartered in Tralee, County Kerry, Ireland. It is a major player in the food and beverage industry, providing a wide range of taste and nutrition solutions to the global market. Kerry is renowned for its expertise in creating and enhancing flavors, as well as developing nutritional solutions for the food and beverage industry. This segment involves the development of ingredients, flavors, and technologies to meet the evolving preferences and nutritional needs of consumers. Kerry Group, an Irish food ingredients firm, announced the acquisition of Niacet for about $1 billion from the private equity firm SK Capital Partners. Niacet claims to be the largest manufacturer of organic acid salts in North America, including sodium acetate and calcium propionate, which are used in food preservation and other applications.
BASF operates in a wide range of industries, including chemicals, plastics, performance products, functional materials and solutions, agricultural solutions, and oil and gas. BASF is involved in the production of a diverse range of chemicals, including petrochemicals, specialty chemicals, and basic chemicals. The company is a major player in the production of plastics and performance products used in various industries, such as automotive, construction, and consumer goods. BASF SE announced that it has received regulatory approval from the European Food Safety Authority (EFSA) for the use of calcium propionate as a preservative in animal feed. The company said that the approval will allow it to expand the use of its product in the European market.
In September 2024, the statement providers also established Tianjin Lisheng Chemical Co., Ltd, a member of BASF Chemical to the development of calcium acetate production efficiency. Accordingly, it intends to combine technological advancements in chemical production processes with knowledge about the Tianjin Lisheng market. The partnership is expected to streamline manufacturing, cut operational costs and enhance the supply of these products in the Asian region.
In February 2024, the pharmaceutical company Perrigo Company has embarked on a strategic Alliance with a country’s leading healthcare institution. This partnership proposes to extend the availability of Calcium Acetate medications to the patients who are suffering from chronic kidney disease. It is likely that this development will augment levels of Perrigo in the healthcare market in light of calcium acetate’s role in the avowed market.
Jungbunzlauer, one of the leaders in calcium acetate production, is going to increase its production capacity through a creation of joint venture ‘star’ with Gujarat Fluorochemicals Ltd. Confirmed earlier in August 2024, this venture will concentrate on calcium acetate production to specifically cater for food industry needs. The two companies hope to increase their competitiveness in the Indian market and improve the efficiency of the supply chain by pooling their resources.
Additionally, in July 2024, Solvay entered into a joint venture with Givaudan to manufacture food preservatives based on calcium acetate. This cooperation emphasizes both companies’ willingness to be environmentally friendly as they would engage in the biosynthetic methods for food preservative production. Their cooperation will result in new products for the food sector, in particular, enhancing the safety and shelf life of the products.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.12 Billion |
| Market Size 2023 | USD 0.124 Billion |
| Market Size 2032 | USD 0.16 Billion |
| Compound Annual Growth Rate (CAGR) | 3.50% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Function, Application, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Merck Millipore, Solvay, Alfa Aesar (Johnson Matthey Group), Avantor Performance Materials, J.M. Loveridge Ltd., and Amresco LLC |
| Key Market Opportunities | · Increasing demand for the product from the food & beverage industry |
| Key Market Dynamics | · Growing demand for pharmaceutical products |
Frequently Asked Questions (FAQ) :
The Calcium Acetate Market size was valued at USD 0.12 Billion in 2022.
The global market is projected to grow at a CAGR of 3.50% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Merck Millipore, Solvay, Alfa Aesar (Johnson Matthey Group), Avantor Performance Materials, J.M. Loveridge Ltd., and Amresco LLC.
The Stabilizer dominated the market in 2022.
The pharmaceuticals segment had the largest share in the global market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
