(Food-Beverage-News.Com, July 19, 2019 ) The Calcium Propionate Market was valued at USD 262.4 million in 2017; it is projected to grow at a CAGR of 5.6% from 2018, to reach USD 363.3 million by 2023. The main objective of the report is to define, segment, and project the global market size for calcium propionate on the basis of form, application, and region. It also aims to facilitate the understanding of the structure of the calcium propionate market by identifying its various segments. The other objectives include analyzing the opportunities in the market for stakeholders, providing a competitive landscape of market trends, analyzing the macro and micro indicators of this market, and projecting the size of the calcium propionate market and its submarkets, in terms of value as well as volume.
Preservatives are the basic requirements that prevent the spoilage of food & feed, ensuring safe products to consumers. The preservation of food and feed products and maintaining their quality are the major areas of focus for associated industries globally. Bakery products and feed have been dominant applications for calcium propionate over the last decade. The key function of calcium propionate is to counter the growth of microbes on various bakery products that are prone to spoilage by bacteria.
The dry segment, by form, is estimated to account for a larger share of the calcium propionate market in 2018:
The dry segment is estimated accounted for a larger share of the global calcium propionate market in 2018. It is also projected to grow at a relatively higher CAGR during the forecast period due to factors such as ease of mixing and better dispersion throughout the food matrix; additionally, dry calcium propionate does not affect the leavening action of baking powder in bakery products.
The food segment, by application, is estimated to account for the largest share in the calcium propionate market in 2018:
Calcium propionate is highly used in bread in the food industry; the growth of the bread industry, especially in developing economies, owing to high per capita bread consumption, fuels the demand for calcium propionate. Changes in lifestyles and increasing health consciousness of the population drive the demand for convenient low-calorie food products.
North America is estimated to dominate the calcium propionate market in 2018:
The North American region accounted for the major market share for calcium propionate between 2018 and 2023. This region is one of the largest consumers and exporters of calcium propionate due to the wide and matured bakery market and high bread consumption. The market for calcium propionate in North America is fairly matured; hence, growth in this region is moderate when compared to other developing economies. Consumers with busy lifestyles in the North American market are on the lookout for minimally processed foods with a longer shelf life. The increase in demand for convenience foods is expected to create an impact on the calcium propionate market in North America. Niacet Corporation (US) and Macco Organiques (Canada) are the key players in the region and serve various other markets.
Asia Pacific is the second-largest market for calcium propionate after North America in 2023, owing to the increased awareness about calcium propionate and the benefits offered. It remains one of the important markets for calcium propionate manufacturers due to its size and its regulatory environment. The Middle Eastern & African countries are increasingly adopting calcium propionate due to changes in consumer lifestyles and increasing demand for fresh products. Feed preservation has also been exhibiting a remarkable growth due to its commercialization in several regions. As the food and feed industries are inter-linked, there is a need to provide animals with nutritional, high-quality feed so as to ensure that they consume safe products and are not affected by various infections. Apart from preservatives, calcium propionate is also used for the treatment of milk fever. However, the rise in demand for preservative-free, natural food products could act as a restraining factor for the growth of this market.
The calcium propionate market is dominated by major players such as Niacet (US), ADDCON (Germany), Impextraco (Belgium), and Macco Organiques (Canada).
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