Technavio analyzes that the Marine Calcium Market is expected to grow at a CAGR of 6.59% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 162.48 million.There are various factors that contribute to the growth of the market. Abundant marine calcium resources are accessible for the extraction and utilization in various industries. The marine environment offers a rich source of this essential mineral, which is vital for numerous applications, particularly in the production of calcium carbonate and other related products. The high availability of these resources ensures a steady supply for the growing marine calcium market.
In the business realm, marine calcium supplements are a valuable commodity, particularly in the health and wellness industry. These supplements, derived from marine sources such as oyster shells, coral calcium, algae, shark cartilage, and chelated calcium products, are utilized for correcting calcium deficiencies and fortifying tooth enamel. They offer additional benefits, including aiding in bone repair and turnover, treating muscle tremors, and enhancing menstruation, kidney health, and digestive functions. The primary marine calcium supplement forms are calcium carbonate and calcium polyhydroxy phosphate, which, despite their potential health benefits, can be challenging to absorb and may cause gastric discomfort. Thus, the market for marine calcium supplements presents both opportunities and challenges for businesses.
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Marine Calcium Market Segmentation
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The Marine Calcium market is witnessing a surge in demand due to the rising adoption of marine calcium as a natural source of calcium carbonate. Vendors like Biogenic Minerals, Green Nutritionals, Healthwin, and Life Nutrition are making marine calcium readily available in various markets, including groceries and pharmacies. This calcium source, derived from coral reefs, sea anemones, jellyfish, and other marine organisms, offers numerous health benefits, such as anti-cancer and anti-inflammatory properties. Research activities are increasing in this industry, with a focus on brackish and salt water sources, to meet the growing demand for natural ingredients.
The marine calcium market is a segment of the larger global commodity chemicals market, as identified by Technavio. This market encompasses businesses primarily engaged in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably excluded are companies producing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. The expansion of the global commodity chemicals market will be fueled by the escalating demand for plastic packaging, given its widespread usage in the industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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