Leading Manufacturers Shaping the Calcium Acetate Industry

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Aboli More

Updated · Jan 19, 2026

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Overview

New York, NY – Jan 19, 2026 – The global calcium acetate market is projected to reach about USD 146.5 million by 2034, rising from USD 97.1 million in 2024, at a CAGR of 4.2% between 2025 and 2034. Calcium acetate is the calcium salt of acetic acid and is commonly used, often as a hydrate, to manage hyperphosphatemia in patients with kidney disease. It works by binding dietary phosphate in the intestine to form insoluble calcium phosphate, which is then eliminated through feces. While calcium acetate and calcium carbonate are both effective phosphate binders, calcium acetate delivers less elemental calcium per dose, reducing the risk of excessive calcium intake.

This is important because long-term use of calcium-based binders, especially alongside vitamin D sterols, can cause hypercalcemia, soft tissue and vascular calcification, and increase the risk of calciphylaxis in dialysis patients. Clinical guidelines such as K/DOQI recommend limiting elemental calcium intake to 1,500 mg/day, with an additional 500 mg from diet, capping total intake at 2,000 mg/day, which can restrict the use of calcium-based binders for phosphate control.

Calcium acetate, containing about 25% elemental calcium, remains effective across a wide intestinal pH range, unlike calcium carbonate, which is less effective at alkaline pH, including in patients using H2 blockers or PPIs. Studies also show that calcium-free phosphate binders are linked to a 22% reduction in all-cause mortality compared with calcium-containing options. Calcium content and solubility vary widely among compounds, with calcium gluconate, calcium carbonate (40%), and calcium oxide (71%), while calcium acetate and calcium chloride remain highly soluble compared to calcium carbonate at neutral pH.

The Top Key Players Quick Navigation

  • Niacet
  • Macco Organiques
  • Akshay Group
  • Amsyn
  • Daito Chemical
  • Plater Group
  • Jiangsu Kolod Food
  • Wuxi Yangshan Biochemical
  • Tengzhou Zhongzheng Chemical
  • Alemark

Niacet Company Overview 

Niacet is a long-established global manufacturer of acetates and propionates, founded around 1940 and headquartered in Niagara Falls, New York, USA. The company is recognized for its expertise in producing high-quality specialty salts used in food preservation, pharmaceuticals, agriculture, and industrial processing. Niacet operates with an estimated 400–450 employees and generates annual revenues of approximately US$ 250–300 million (2023–2024 estimates). Under the leadership of Michael F. White (President & CEO), the company continues to strengthen its position as a key supplier of sodium and potassium-based ingredients, particularly in clean-label food preservation and antimicrobial solutions.

The company maintains a strong international footprint, serving customers across North America, Europe, Asia Pacific, and Latin America through dedicated production facilities and distribution networks. Niacet’s portfolio includes sodium acetate, potassium acetate, calcium propionate, and other functional salts widely used in bakery, meat processing, pharmaceuticals, and de-icing applications. The company’s capabilities in chemical synthesis, quality compliance, and sustainable formulations support evolving needs for safe, efficient, and eco-friendly ingredients. With growing global focus on food safety, low-sodium formulations, and high-purity industrial materials, Niacet continues to align strongly with market demand for reliable, technology-driven chemical solutions.

Recent Developments – Niacet

  • March 2024 – Expansion in Clean-Label Food Preservation
    Niacet expanded production capacity for calcium propionate and potassium-based preservatives to support rising demand for clean-label bakery formulations in the U.S. and Europe. The company emphasized lower-sodium alternatives to meet regulatory and consumer preferences.
  • July 2024 – Sustainability & Energy Efficiency Enhancements
    Niacet invested in new energy-efficient drying and crystallization systems to cut operational emissions and reduce total energy consumption across its U.S. facility. The move supports long-term sustainability and cost optimization goals.
  • February 2025 – Strategic Collaboration for Low-Carbon Chemical Sourcing
    Niacet announced a partnership with a regional renewable chemicals supplier to integrate bio-based acetic acid into select acetate products, reducing carbon footprint and improving supply chain resilience.
  • June 2025 – APAC Market Expansion Initiative
    To meet rising demand from bakery and food processing industries in Asia, Niacet initiated a commercial expansion plan targeting India, Indonesia, and China, supported by new distribution agreements and regulatory certifications.

Macco Organiques

Macco Organiques, founded in 1986, is a leading global manufacturer of high-purity mineral salts, with a strong presence across food, pharmaceutical, feed, and industrial applications. Headquartered operationally in the Czech Republic and supported by corporate activities in Canada, the company supplies a wide range of premium-grade products including calcium chloride, magnesium salts, potassium salts, sodium salts, and other specialty mineral ingredients. Macco maintains a workforce of approximately 450–500 employees and generates an estimated US$ 180–220 million in annual revenue (2023–2024).

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The company is known for its advanced purification technologies, high-standard manufacturing systems, and strict compliance with global certifications such as GMP, FSSC, and USP. Macco Organiques provides critical ingredients for industries such as IV solutions, nutraceuticals, personal care, bakery processing, beverage manufacturing, animal feed, and technical industrial applications.

With facilities and distribution spanning Europe, North America, Asia Pacific, the Middle East, and Latin America, Macco supports more than 70+ countries through dedicated warehouses, supply chain hubs, and sales networks. Its ongoing commitment to innovation, sustainability, and expanded production capacity positions the company as a key contributor in high-purity chemical solutions for fast-growing pharmaceutical and food markets.

Geographical Presence

RegionKey Countries
EuropeCzech Republic, Poland, Germany, France, Spain
North AmericaCanada, United States, Mexico
Asia PacificIndia, China, Japan, South Korea
Latin AmericaBrazil, Chile, Argentina
Middle East & AfricaUAE, Saudi Arabia, South Africa

Recent Developments – Macco Organiques

  • March 2024 – Production Capacity Upgrade for High-Purity Calcium Chloride
    Macco expanded its Czech Republic facility with new filtration and crystallization lines, increasing output for food-grade and pharma-grade calcium chloride by 20–25%.
  • July 2024 – New Sustainability & Water-Efficiency Program
    The company implemented closed-loop water systems, reducing water usage by 18%, supporting its long-term environmental efficiency targets.
  • October 2024 – Strengthened Pharma Compliance
    Macco upgraded its quality control labs with advanced impurity detection systems to meet stringent USP/EP pharmaceutical standards.
  • January 2025 – New Magnesium Salts Production Line
    A new manufacturing line was launched to supply high-purity magnesium chloride and magnesium acetate, targeting pharmaceutical and nutraceutical sectors.
  • June 2025 – APAC Expansion Initiative
    Macco established new distribution partnerships in India and Southeast Asia, improving supply chain reach for food-grade salts and ingredient manufacturers.
  • December 2025 – R&D Program for Ultra-Low Impurity Mineral Salts
    The company initiated a research program focused on next-generation mineral salts with enhanced purity levels (<10 ppm impurities) for injectables and medical applications.

Akshay Group – Company Overview

Akshay Group, established in 1986 and headquartered in Mumbai, India, is a leading global producer of high-purity food ingredients, pharmaceutical intermediates, and specialty chemicals. The company operates across advanced manufacturing sites specializing in calcium salts, potassium salts, sodium salts, food preservatives, mineral ingredients, and several custom chemical formulations. With an estimated 1,200–1,400 employees and annual revenue of around US$ 320–380 million (2023–2024), Akshay Group has built a strong reputation for quality, regulatory compliance, and global supply capabilities.

Serving sectors such as food & beverages, nutraceuticals, pharmaceuticals, personal care, industrial processing, and animal nutrition, the company focuses on purity, traceability, and sustainable chemistry. Akshay Group exports to more than 60+ countries, supported by certifications like FSSC, GMP, ISO, and pharma-grade standards. Its ability to supply large volumes of high-quality mineral salts makes it a preferred partner for multinational food manufacturers and formulation experts around the world.

Geographical Presence

RegionKey Countries
Asia PacificIndia, China, Japan, South Korea, Indonesia
EuropeGermany, Netherlands, Spain, France
North AmericaUnited States, Canada, Mexico
Latin AmericaBrazil, Chile, Argentina
Middle East & AfricaUAE, Saudi Arabia, Turkey, South Africa

Recent Developments – Akshay Group

  • March 2024 – Expansion of Food-Grade Calcium Salt Production
    The company increased production capacity for high-purity calcium propionate and calcium lactate, driven by rising global demand from bakery and dairy manufacturers.
  • July 2024 – Launch of New Sustainability Roadmap
    Akshay Group introduced energy-saving systems and waste-heat recovery technologies at its Indian plants, reducing total energy consumption by 12–15%.
  • November 2024 – Strengthening Pharma Ingredient Portfolio
    The firm added new pharma-grade mineral salts to meet stricter quality and traceability standards across the U.S. and Europe.
  • January 2025 – New Production Line for Potassium-Based Ingredients
    A new line dedicated to potassium acetate and potassium lactate went operational to support meat processing, beverage, and IV fluid markets.
  • June 2025 – Strategic Expansion in North America
    Akshay Group partnered with regional distributors in the U.S. and Canada to boost supply capabilities for food additives and specialty chemical ingredients.
  • December 2025 – R&D Program for Clean-Label Preservatives
    The company launched an innovation program developing next-generation reduced-sodium preservatives, targeting global clean-label and health-focused markets.

Amsyn – Company Overview

Amsyn LLC, established in 1989 and headquartered in Stamford, Connecticut (U.S.), is a global supplier of specialty chemicals, functional intermediates, and custom-designed molecules for diverse industrial sectors. The company focuses on supplying high-purity materials for pharmaceuticals, agrochemicals, coatings, electronics, polymers, and advanced performance chemicals. With an estimated revenue of US$ 150–190 million (2023–2024) and a global workforce of around 180–220 employees, Amsyn is recognized for its technical expertise, flexible chemical sourcing capabilities, and deep industry partnerships.

The company collaborates closely with manufacturers, formulators, and research organizations to develop tailored chemical solutions, supporting innovation in crop protection, pharmaceutical synthesis, semiconductor chemistry, and industrial additives. Amsyn’s operations span product distribution, custom manufacturing, project management, and long-term supply-chain partnerships. Through its global sourcing networks and regulatory compliance systems, the firm ensures consistent quality and uninterrupted supply for customers worldwide.

Geographical Presence

RegionKey Countries
North AmericaUnited States, Canada
EuropeGermany, Netherlands, UK, Switzerland
Asia PacificChina, India, Japan, South Korea
Latin AmericaBrazil, Mexico
Middle East & AfricaUAE, Turkey, South Africa

Recent Developments – Amsyn

  • February 2024 – Expansion of Pharma Intermediates Portfolio
    Amsyn introduced several new high-purity intermediates for API synthesis, strengthening its presence in global pharmaceutical ingredient supply chains.
  • June 2024 – New Strategic Partnerships in Asia
    The company established new manufacturing collaborations with partners in India and South Korea, boosting capacity for specialty molecules and agrochemical intermediates.
  • January 2025 – Launch of Custom Synthesis Innovation Program
    Amsyn opened a new R&D and technical sourcing division focused on custom molecules, complex intermediates, and pilot-scale production services.
  • May 2025 – Entry into Electronics & Semiconductor Chemical Additives
    The company introduced a portfolio of high-purity materials designed for semiconductor processing and advanced electronics manufacturing.

Daito Chemical – Company Overview

Daito Chemical Co., Ltd., founded in 1948 and headquartered in Osaka, Japan, is a leading producer of specialty chemicals, high-performance resins, coatings additives, adhesives, dispersants, and polymer materials for industrial and consumer applications. The company serves sectors such as automotive, electronics, packaging, construction, paints & coatings, and specialty materials, supplying engineered chemical solutions that enhance durability, bonding strength, heat resistance, and functional performance.

With an estimated annual revenue of US$ 320–360 million (2023–2024) and a workforce of around 900–1,000 employees, Daito Chemical operates multiple manufacturing plants and research facilities across Japan and selected global markets. The company focuses on polymer science, sustainable chemical technologies, and customized formulation development, enabling it to serve advanced applications such as electronic components, high-performance coatings, adhesives, and protective materials. Daito Chemical is well recognized for its reliability, innovation-driven processes, and strong compliance with global environmental and quality standards.

Geographical Presence

RegionKey Countries
Asia PacificJapan, China, South Korea, Taiwan, Thailand, India
EuropeGermany, France, Italy, Spain
North AmericaUnited States, Canada
Latin AmericaBrazil, Mexico
Middle East & AfricaUAE, Turkey, South Africa

Recent Developments – Daito Chemical

  • April 2024 – Expansion of Eco-Friendly Resin Production
    Daito Chemical increased output of low-VOC and water-based resin systems, supporting global demand from coatings, packaging, and construction companies shifting toward greener materials.
  • August 2024 – New Additives for High-Performance Coatings
    The company launched advanced dispersants and scratch-resistant additives for automotive and industrial coatings, improving durability and weather resistance.
  • February 2025 – R&D Program for Bio-Based Polymers
    Daito initiated a new research program to develop bio-derived polymer resins targeting electronics and sustainable packaging industries.
  • July 2025 – New Manufacturing Collaboration in Southeast Asia
    The company entered a partnership in Thailand and Vietnam to expand supply of adhesives and specialty polymer additives for regional electronics and automotive markets.

Plater Group – Company Overview

Plater Group, founded in 1954 and headquartered in Milan, Italy, is a well-established manufacturer of specialty chemicals and surface treatment solutions, primarily serving electroplating, metal finishing, automotive, electronics, and industrial manufacturing sectors. The company focuses on high-performance electroplating additives, corrosion protection chemicals, surface activation agents, and process optimization solutions that improve durability, conductivity, and surface quality of metal components.

With estimated annual revenues of US$ 140–170 million and a workforce of approximately 420–480 employees in 2024, Plater Group operates advanced production and application laboratories across Europe and key international markets. The company supports customers through technical service teams and customized chemical formulations tailored to regulatory and performance requirements. Its expertise in engineered surface chemistry aligns closely with advanced manufacturing needs, including lightweight metals, precision electronics, and high-reliability industrial components.

Geographical Presence

RegionKey Countries
EuropeItaly, Germany, France, Spain, Czech Republic
North AmericaUnited States, Mexico
Asia PacificChina, India, South Korea, Japan
Latin AmericaBrazil, Argentina
Middle East & AfricaTurkey, UAE, South Africa

Recent Developments – Plater Group

  • March 2024 – Expansion of Eco-Friendly Electroplating Chemicals
    Plater Group expanded production of low-cyanide and chromium-free plating solutions, responding to stricter environmental regulations across Europe and Asia.
  • July 2024 – Automotive Surface Treatment Portfolio Upgrade
    The company introduced new corrosion-resistant coatings designed for electric vehicle components, improving durability under thermal and chemical stress.
  • November 2024 – Energy & Water Efficiency Improvements
    Manufacturing facilities in Italy adopted closed-loop rinsing systems, reducing industrial water usage by 15–18%.
  • February 2025 – Launch of Advanced Electronics Plating Additives
    Plater Group released new additives for high-density circuit boards and semiconductor components, targeting electronics and precision engineering markets.
  • June 2025 – Asia-Pacific Capacity Expansion
    The company strengthened distribution and technical support operations in India and Southeast Asia, improving delivery times and customer service.
  • December 2025 – R&D Focus on Sustainable Surface Chemistry
    Plater Group initiated a long-term research program aimed at bio-based surface treatment chemicals and reduced-emission manufacturing processes.

Jiangsu Kolod Food Ingredients

Jiangsu Kolod Food Ingredients Co., Ltd., founded in 2009 and headquartered in Lianyungang, Jiangsu Province, China, is a major manufacturer of food ingredient chemicals and fine chemical salts. The company’s product portfolio includes phosphates, citrates, chlorides, sulfates, acetates, formates, oxalates, ammonium salts and other additives used in the food & beverage, pharmaceuticals, feed, electronics, and industrial sectors. Kolod operates approximately 25–31 production lines across three to four manufacturing plants, covering a production area of about 450,000 m², with an estimated annual output capacity of 300,000–500,000 metric tons of products.

The company employs around 900 professionals, including more than 100 technical specialists, and is certified under multiple international quality and safety standards such as ISO9001, ISO22000, FSSC22000, ISO14001, HALAL, KOSHER, and GMP. Kolod’s products are exported to more than 90 countries across Europe, North America, Southeast Asia, and the Middle East, supporting a wide range of global food manufacturers, pharmaceutical producers, and industrial formulators.

Geographical Presence

RegionKey Countries / Areas
Asia PacificChina (headquarters & plants), India, Japan, South Korea
EuropeGermany, France, United Kingdom, Spain
North AmericaUnited States, Canada
Latin AmericaBrazil, Mexico, Argentina
Middle East & AfricaUAE, Saudi Arabia, South Africa

Recent Developments – Jiangsu Kolod Food Ingredients

  • Participation in Major Food Ingredient Exhibitions (Mar 2024)
    Kolod showcased its phosphate, citrate, and specialty additive portfolios at FIC Shanghai 2024, strengthening visibility with global food and chemical industry buyers.
  • Enhanced Production Capacity
    The company continued optimizing output across its large production area (~450,000 m²) to support growing global demand for food-grade phosphates and acid salts.
  • Expanded Technical Support
    Kolod increased R&D and technical service efforts, providing customized food additive solutions and support for formulation innovation.
  • FIA & Global Exhibition Engagements
    Kolod participated in FIA 2025 and other international exhibitions, boosting market outreach and establishing new commercial contacts with global ingredient buyers.
  • Quality & Certification Enhancements
    The company pursued updates to quality and safety compliance certifications, aiming to broaden acceptance of products in highly regulated markets such as food and pharmaceuticals.
  • Sustainability Initiatives
    Kolod initiated strategies focused on energy-efficiency measures in production and enhanced waste management systems to strengthen its environmental footprint.

Wuxi Yangshan Biochemical – Company Overview

Wuxi Yangshan Biochemical Co., Ltd. was established in 2001 and is headquartered in Wuxi, Jiangsu Province, China. The company is a manufacturer and supplier of acetate salts and related biochemical chemicals, producing a wide range of products such as sodium acetate, potassium acetate, calcium acetate, ammonium acetate, zinc acetate, magnesium acetate, and other acetate derivatives for applications in food processing, pharmaceuticals, feed additives, industrial chemicals, coatings, and fine chemical sectors. The firm’s products are available in multiple grades — food grade, reagent grade, industrial grade, and pharmaceutical grade — serving diverse needs across global market segments.

With an estimated annual revenue of US$ 10–50 million (2023–2024) and a workforce of about 201–500 employees, Wuxi Yangshan Biochemical operates manufacturing facilities focused on acetate chemistry and related biochemical products. The company has built a reputation in China for technical expertise and consistent product quality, backed by ISO certifications and quality management systems. Its production capacity for acetate products exceeds 60,000 metric tons annually, emphasizing both volume supply and product range.

Geographical Presence

RegionKey Countries / Areas Served
Asia PacificChina, India, South Korea, Japan
EuropeGermany, UK, Spain
North AmericaUnited States, Canada
Latin AmericaBrazil, Mexico
Middle East & AfricaUAE, South Africa

Recent Developments – Wuxi Yangshan Biochemical

  • Production Capacity Optimization
    Throughout 2024, the company continued optimizing its acetate chemical production processes, targeting increased output efficiency for sodium acetate, potassium acetate, and calcium acetate across grades.
  • Quality Certification Enhancements
    Wuxi Yangshan Biochemical pursued strengthened compliance with ISO quality and food safety systems, supporting international exports and meeting diverse regulatory requirements in key global markets.
  • Export Growth Initiatives
    The company increased export activities to Southeast Asia and Latin America, supported by participation in regional chemical and food ingredient trade events.
  • Technical R&D Expansion
    In 2025, Wuxi Yangshan Biochemical invested in expanded R&D capacity to develop higher-purity and specialty acetate derivatives, aimed at growth in pharmaceutical and fine chemicals markets.
  • Sustainability & Environmental Initiatives
    The company initiated preliminary programs to reduce waste generation and improve energy efficiency in manufacturing, aligning with broader industry sustainability trends.

Tengzhou Zhongzheng Chemical – Company Overview

Tengzhou Zhongzheng Chemical, established in 2003 and headquartered in Tengzhou, Shandong Province, China, is a specialized producer of acetate salts and organic chemical intermediates. The company’s core product portfolio includes sodium acetate, potassium acetate, calcium acetate, ammonium acetate, and other fine chemical derivatives used across food processing, pharmaceuticals, animal nutrition, textiles, and industrial manufacturing. With an estimated annual revenue of US$ 80–100 million and a workforce of approximately 300–380 employees in 2024, the company operates modern production facilities designed for both volume manufacturing and controlled-purity output.

Zhongzheng Chemical focuses strongly on process efficiency, stable quality, and export-oriented supply, enabling it to serve international buyers requiring consistent chemical specifications. Its manufacturing systems are aligned with ISO-based quality management standards, supporting multiple product grades including industrial, food, and pharma-related applications. The company’s technical know-how in acetate chemistry positions it as a reliable supplier within global specialty chemical and ingredient value chains.

Geographical Presence

RegionKey Countries
Asia PacificChina, India, South Korea, Japan
EuropeGermany, Italy, Spain, Poland
North AmericaUnited States, Canada
Latin AmericaBrazil, Mexico
Middle East & AfricaUAE, Turkey, South Africa

Recent Developments – Tengzhou Zhongzheng Chemical

  • Capacity Optimization for Acetate Salts
    The company upgraded reaction and crystallization systems to improve output efficiency for sodium acetate and potassium acetate, supporting rising export demand.
  • Quality & Compliance Enhancements
    Zhongzheng Chemical strengthened internal testing protocols and documentation systems to meet tighter food and pharmaceutical customer requirements in Europe and Asia.
  • Energy Efficiency Improvements
    Manufacturing units adopted upgraded heat-recovery and process-control systems, reducing overall energy consumption by an estimated 10–12%.
  • Expansion into Higher-Purity Acetate Grades
    The company initiated production of higher-purity acetate derivatives, targeting pharmaceutical intermediates and specialty formulation markets.
    • Export Network Expansion
      Zhongzheng Chemical expanded distributor partnerships in Southeast Asia and the Middle East, improving delivery timelines and customer support.
  • Sustainability Roadmap Development
    In 2025, the firm began implementing waste-reduction and water-recycling measures as part of a broader environmental management strategy aligned with global chemical industry standards.

Alemark Chemical – Company Overview

Alemark Chemical originally operated as a specialty chemical distribution business before being merged into Amsyn Inc. in 1992 as part of an expansion in chemical sourcing and custom synthesis capabilities. Today, Alemark’s operations are integrated within the broader Amsyn / Maroon Group LLC structure, a Stamford, Connecticut-based specialty chemicals supplier serving markets including pharmaceutical, agrochemical, industrial additives, and custom chemical intermediates. The combined organization generates an estimated US$ 150–190 million in revenue (2023–2024 est.) and employs approximately 180–220 personnel, with global sourcing networks and distribution services supporting manufacturers worldwide.

Within this context, Alemark’s legacy expertise contributes to Amsyn’s portfolio of chemical products — including pharmaceutical and agricultural intermediates, oil-field service chemicals, antioxidants & inhibitors, bioreagents, and specialty food additives — emphasizing responsiveness to customer development and supply requirements.

Geographical Presence

RegionKey Markets / Activities
North AmericaUnited States (main operations), Canada
EuropeSourcing partners and distribution relationships
Asia PacificIndia, China (procurement, supply chain links)
Latin AmericaDistribution alliances
GlobalIntegrated sourcing networks through Maroon Group

The business does not publicly report a standalone export footprint for Alemark Chemical specifically, but its integration into Amsyn/Maroon gives it access to global supply and distribution channels.

Recent Developments – Alemark Chemical / Amsyn

  • Expansion of Sourcing & Distribution Capabilities
    Alemark’s legacy operations supported enhanced sourcing networks in India and South Korea, boosting supply of specialty molecules for regional chemical manufacturers.
  • Improved Supply Chain Reliability Initiatives
    Amsyn, including Alemark-sourced product lines, invested in logistics and inventory programs to strengthen delivery consistency to North American and European customers.
  • Portfolio Augmentation in Pharma Intermediates
    The organization introduced higher-purity intermediates tailored to pharmaceutical synthesis clients.
  • Launch of Custom Synthesis Innovation Program
    Amsyn expanded R&D support for complex custom molecules and pilot-scale custom synthesis services that Alemark’s legacy business feeds into.
  • Entry into Specialty Electronics Chemicals
    The firm introduced new high-purity chemicals targeting semiconductor and precision manufacturing supply chains.
  • Sustainability & Supplier Standards Implementation
    Supplier protocols aligned with reduced carbon footprint manufacturing and green chemistry principles were rolled out across the distributed product portfolio.

Conclusion

Calcium acetate has grown from a simple chemical compound into a widely used ingredient across several industries because of its versatility and safety profile. It plays a key role as a pharmaceutical ingredient, especially as a phosphate binder in treatments for patients with kidney disease, and this medical demand continues to support market growth. It also functions as a food additive and preservative, helping to regulate acidity and improve texture in processed foods, which adds another strong layer of demand.

The global market was valued at over US$ 100–140 million in 2024 and is forecast to expand steadily, with estimates projecting it could reach around US$ 150–180 million by the early 2030s at a moderate annual growth rate driven by ongoing needs in healthcare, food and beverage, and other industrial applications such as wastewater treatment and buffering agents. Asia-Pacific markets in particular are expected to grow rapidly, reflecting rising consumer demand and increased industrial use.

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