Demand for calcium propionate is growing as compared to other preservatives due to it's cost-effect
Posted: Jun 21, 2021
The calcium propionate market is estimated at USD 277.1 million in 2018 and is projected to reach USD 363.3 million by 2023, at a CAGR of 5.6%.
The growth of the calcium propionate market is driven by factors such as an increase in demand for clean-label food products with extended shelf life and the cost-effectiveness of calcium propionate as compared to other preservatives.
Stringent legislation and regulations with respect to food safety and shelf life have made it difficult for food and feed processing industries to getting the right formulation of ingredients along with preservatives without affecting the product quality, which acts as a major restraint for the calcium propionate market.
On the basis of application, the food segment is estimated to dominate 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 the developing economies, owing to high per capita bread consumption, fuels the demand for calcium propionate.
On the basis of form, the dry segment accounted for the largest market share 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. Furthermore, dry form has a longer shelf life, facilitates better dispersion throughout the food matrix, and enhances flavor.
Stringent legislations and regulations with respect to food safety and shelf life have meant that processing industries are keen on getting the right formulation to present the best food product to the consumer, and preservatives play a pivotal role in this aspect. Local and regional regulations are required to be checked for allowed applications and dosage levels. The stringent regulations pertaining to quality and food safety are projected to restrain the global calcium propionate market growth.Asia Pacific is projected to be the fastest-growing market for calcium propionate during the forecast period. The consumption is driven by rapid urbanization, economic growth, and rise in purchasing power of the middle-class population, leading to increased bakery & convenience food purchases in the region. The region is an emerging market for calcium propionate, with investments from several multinational manufacturers, especially in countries such as China, India, Japan, Australia, and New Zealand.
Make an Inquiry Key players are Niacet (US), Impextraco (Belgium), ADDCON (Germany), Kemin Industries (US), Macco Organiques (Canada), Bell Chem (US), Krishna Chemicals (India), AM Food Chemicals (China), Associated British Foods plc (ABF) (UK), Fine Organics (UK), Real S.A.S. (Columbia).
I am working as market research analyst in Markets and Markets.