Calcium gluconate is a mineral supplement which is prepared by the neutralization of gluconic acid with lime or calcium carbonate. It is listed as one of the essential medicines on WHO’s list of essential medicine. Calcium gluconate is used to treat conditions arising from calcium deficiencies such as hypocalcaemia tetany, hypocalcemia related to hyperparathyroidism and hypocalcaemia due to rapid growth or pregnancy. Apart from being an active ingredient in medicines, calcium gluconate finds its application in various food products as a nutrient supplement. It is a used as a source of calcium, in a variety of food & beverage products, such as; milk, soft drinks, juices, bottled waters, dairy products, soy products, baked goods, and confectionery.
Calcium Gluconate Market: Drivers & Restraints
Global calcium gluconate market is expected to grow owing to increasing demand from end-use industries such as pharmaceuticaland food & beverages. Sunrise industries like the nutraceutical industry has also largely impacted the global calcium gluconate market, as it finds itself as major ingredient in multiple calcium based health supplements. Increase in the demand for health supplements from the health conscious consumers has largely driven this market globally. More than 75% of Americans are calcium deficient, and more than one in 10 Americans either has, or is at risk of developing, osteoporosis or other bone diseases. This fact is also acting as a driver for the global calcium gluconate market in that region. The segment is anticipated to witness above average growth on account of increasing use of health supplements in developed countries for over the last few years and trend is likely to continue over the forecast period.
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Excessive intake of calcium gluconate may lead to various side effects such as nausea, constipationand stomachupset. Rapid intravenous injections of calcium gluconate may cause hypercalcaemia, which can result in vasodilation, cardiac arrhythmias, decreased blood pressure, and bradycardia. This has proven to be a major restraint for this market.
Calcium Gluconate Market:Segmentation
The global calcium gluconate market can be broadly segmented on the basis of end use, application, and form available. On the basis of end use, the market can be further segmented into; bulking agent, emulsifier, and thickening agent. On the basis of application, the global calcium gluconate market can be bifurcated into pharmaceuticals, food & beverages, and nutraceuticals. Commercially, calcium gluconate is available in three major form, i.e. gum, liquid, and powder.
Calcium Gluconate Market:Region Wise Outlook
Geographically, the calcium gluconatemarket is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan (APEJ), Middle East and Africa (MEA) and Japan.
Asia Pacific region is anticipated to witness high growth on account of increasing demand from end-use industries. In addition, increased government spending on infrastructure development is likely fuel market growth over the next six years.
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Calcium Gluconate Market: Key Players
Some of the major global key players in this segments are; Aaron Industries, Inc. American Biorganics, Inc, AKZO Nobel Chemicals Inc, Alfa Aesar, Coyne Chemical , Glucona America, Inc, PMP Fermentation Products, Inc, Noah Technologies Corporation, Westco Chemicals Inc, Mallinckrodt Inc., Spectrum Bulk Chemicals. These companies are developing market strategies such as mergers and acquisitions, Joint Venture, New product development and Expansion to increase their market share in Global Functional Beverages Market. Apart from these big firms, there are multiple new entrants in the market.