Marine Calcium Market Size 2024-2028
The marine calcium market size is forecast to increase by USD 162.48 billion at a CAGR of 6.59% between 2023 and 2028.
- The market is experiencing significant growth due to several key factors. The high availability of marine calcium resources makes it an attractive option for various industries. Furthermore, the rising adoption of natural ingredients In the cosmetic industry is driving the demand for marine calcium. However, the market faces challenges such as the effects of ocean acidification on marine life, which could impact the supply of marine calcium. This trend analysis report provides a comprehensive outlook on the market growth, focusing on the aforementioned factors. Marine calcium resources are abundant, making it a viable alternative to synthetic calcium sources. The cosmetic industry's increasing preference for natural ingredients is fueling the market's expansion.
- However, the potential impact of ocean acidification on marine life and, consequently, on the availability of marine calcium resources, is a significant challenge that requires attention.
What will be the Size of the Marine Calcium Market During the Forecast Period?
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- The market is experiencing significant growth due to the rising adoption of marine-derived calcium carbonate in various industries. This trend is driven by the unique properties of marine calcium, which is derived from natural sources such as coral reefs, sea anemones, and jellyfish. The availability of marine calcium in both brackish and salt water sources ensures a steady supply for manufacturers. In the consumer market, marine calcium is gaining popularity as a natural ingredient in health and wellness products, particularly In the grocery and pharmacy sectors. Its use in anti-cancer and anti-inflammatory supplements is a growing trend, fueled by consumer demand for natural and sustainable ingredients.
- Industry analysis indicates that the market for biogenic minerals, including marine calcium, is expected to grow at a compound annual growth rate of over 5% through 2025. company analysis reveals that key players In the market include Healthwin, Life Nutrition, and Natures Answer, among others, who are investing in research activities to expand their product offerings and meet the increasing demand for marine calcium. Overall, the market is poised for continued growth as consumers seek out natural, sustainable, and health-promoting ingredients.
How is this Marine Calcium Industry segmented and which is the largest segment?
The marine calcium industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Application
- Supplements
- Cosmetics
- Others
- Type
- Brackish water
- Salt water
- Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
By Application Insights
- The supplements segment is estimated to witness significant growth during the forecast period.
Marine calcium supplements, derived from various marine sources such as oyster shells, coral calcium, algae, shark cartilage, and chelated calcium products, are widely used for correcting calcium deficiencies and strengthening tooth enamel. They aid in bone health, including increasing bone turnover and repairing damaged bones. Additionally, marine calcium supplements offer benefits for menstruation, kidney health, and digestive functions. While calcium carbonate and calcium polyhydroxy phosphate are common forms derived from marine organisms, their difficulty in absorption may result in gastric disorders. Sourced from shellfish and coral, calcium supplements come in various forms including capsules and powder. These supplements have gained popularity due to their potential health benefits.
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The Supplements segment was valued at USD 220.22 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
- APAC is estimated to contribute 32% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Marine calcium, derived from renewable sources, is gaining popularity due to its role in addressing calcium deficiency, which affects a significant portion of the North American population. According to the Centers for Disease Control and Prevention (CDC), approximately 44.1% of the US population does not meet their estimated average requirements for calcium. Osteoporosis, a condition characterized by low bone density, affects 12.6% of adults aged 50 and above, with a higher prevalence among women (19.6%) than men (4.4%). The high incidence of calcium deficiency and osteoporosis creates a demand for marine calcium-based supplements. Furthermore, the presence of renowned marine biotechnology research centers in North America, such as the Scripps Institution of Oceanography, the University of California, San Diego, Colorado State University, and the University of Delaware, supports the market's growth during the forecast period.
Market Dynamics
Our marine calcium market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise In the adoption of Marine Calcium Industry?
High degree availability of marine calcium resources is the key driver of the market.
- Marine calcium, derived from various sources In the ocean such as fishbones, shellfish, crustacean shells, coral, and seaweed, is an abundant resource for calcium supplementation. For instance, shellfish, with over 17.139 million tons produced globally, provide a rich source of high-quality marine calcium. Coral calcium, containing 24% calcium, 12% magnesium, and over 70 minerals, is another natural source highly utilized in supplements. With an estimated half a trillion coral colonies In the Pacific Ocean alone, the potential for marine calcium extraction is vast. This calcium mineral plays a crucial role in various industries, including the grocery and pharmacy sectors, where it is used for anti-cancer, anti-inflammatory, bone repair, neurological benefits, and cosmetics applications.
- Additionally, it aids in addressing health concerns like osteoporosis, heart disease, colon cancer, hypertension, and allergic reactions. The adoption of marine calcium supplements continues to grow due to its natural origins and the renewable nature of its sources, such as brackish water and salt water. Biogenic Minerals, Green Nutritionals, Healthwin, Life Nutrition, Natures Answer, Natures Farmacy, Nutraceutical, and other industry players contribute to the market's growth by offering a range of marine calcium products, including coral calcium capsules and coral calcium powder.
What are the market trends shaping the Marine Calcium Industry?
Rising adoption of natural ingredients in cosmetic industry is the upcoming market trend.
- The market has witnessed a surge in demand due to the increasing awareness of natural and organic ingredients in various industries, particularly In the cosmetics sector. Marine calcium, derived from natural sources such as coral reefs, sea anemones, jellyfish, and shellfish, is gaining popularity for its potential health benefits. This biogenic mineral is rich in Calcium Carbonate, which is essential for bone repair, neurological benefits, anti-inflammatory, and anti-cancer properties. Grocery stores and pharmacies have started stocking up on marine calcium supplements In the form of capsules and powder. Coral calcium, a popular form of marine calcium, is known to have additional health benefits, including heart disease prevention and osteoporosis treatment.
- The use of marine calcium is not limited to health supplements; it is also used In the cosmetics industry for its anti-aging and skin rejuvenating properties. The market analysis indicates that the adoption of marine calcium is increasing due to its natural origin and renewable sources. company analysis reveals that companies such as Green Nutritionals, Healthwin, Life Nutrition, Natures Answer, Natures Farmacy, and Nutraceutical are leading the market with their high-quality marine calcium products. The industry analysis shows that the market is expected to grow further due to the increasing demand for natural and organic products and the growing awareness of the health benefits of marine calcium.
- Brackish water and saltwater are the primary sources of marine calcium, making it an eco-friendly alternative to synthetic calcium sources. The use of marine calcium is not only beneficial for human health but also for the environment as it does not contribute to the depletion of non-renewable resources. The market for marine calcium is expected to continue growing as more consumers become aware of its health benefits and eco-friendly production methods.
What challenges does the Marine Calcium Industry face during its growth?
Effects of ocean acidification on marine life is a key challenge affecting the industry growth.
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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