Global Calcium Propionate Market to expand with a CAGR of 6% in future

Market overview:

The global Calcium Propionate Market was assessed to be USD 277.1 billion in 2019, and it is determined to reach a value of USD 363.5 billion by 2025 at a CAGR of 5.6% during the conjecture period from 2020 to 2025.

Calcium propionate is a kind of salt developed using propionic acid that can be soluble in methanol and ethanol. Calcium Propionate is used as a food additive and as a preservative in various foods such as bread and baked goods, processed meat, whey, dairy, and food supplements. It acts as an antibacterial agent and prevents the growth of bacteria and fungi.

Recent developments:

• Kemin Industries is a distributor of Kemin products in Canada as of January 2018, Agri-Marketing Corp. (Canada) acquired distributor.
• In October 2017, ADDCON extended its manufacturing facilities in Germany, to addressing the rising demand within the area.

Market Drivers and Restraints:

The global calcium propionate market is majorly driven by elements like surge in demand for clean label foods that have extended shelf life than other food products. The changing consumer lifestyles have increased their health awareness, promoting the call for calcium propionate worldwide. Animals receive calcium propionate as a food supplement. Therefore, market growth begins as demand in the market increases. Calcium propionate offers a variety of functional properties in different product lines. This is expected to drive the market in the near future with a relatively low cost of calcium propionate compared to other food preservatives. The additional benefits compared to its counterparts like sulfite, sorbate, etc., is also promoting demand in this market. Due to the increase in the food preservation sector, the demand for calcium propionate in the world market is increasing. Increased demand for canned food is a key factor expected to lead the calcium propionate market during the outlook period. Increased health awareness in the food industry is also expected to improve the calcium propionate market. Therefore, a suitable expansion plan for the region will be a great opportunity. Additionally, manufacturers are now focusing on various investments in R&D and innovation to launch new products.

One factor hindering the market growth is a change in the tendency of natural products to be used, and the high price of propionic acid with limited availability inhibits market growth.

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Report is segmented as:

The calcium propionate market has been classified by application and region. In terms of application, the market is divided into bakeries, dairy products, meat processing, animal feed, beverages and packaged foods. Among these, the bakery segment held a prominent portion of the calcium propionate business because of the increased consumption of bread worldwide in 2018. Calcium propionate is mainly used in bread to prevent the growth of mold and bacteria. The meat processing sector is expected to expand at a faster rate than other sectors during the forecast period.

Geographical Segmentation:

North America registered the substantial demand for calcium propionate, however, the rising call for fresh fruits and organic foods is likely to restrict the sales in the following years. Europe is a major consumer of the calcium propionate market and will continue to do so in the future. In European countries like the United Kingdom, Italy and France, the market for calcium propionate has risen drastically. The demand for calcium propionate is also high due to the use of calcium propionate in other applications where previously banned antibiotics have been used. Due to its profitable properties, the Asia Pacific calcium propionate market is also growing.

Key market players:

Major players in the global calcium propionate market include Impextraco NV, Niacet Corporation, Krishna Chemicals, Addcon GmbH, Macco Organiques Inc., Kemira, AB Mauri, Perstorp Holdings AB and A.M. Food Chemical Co., Ltd.

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Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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