The global calcium
propionate market is set to witness growth at a CAGR of 5.6% and top a
valuation of USD 498 Mn by 2032.
In terms of product type, dry calcium propionate for confectionery
and liquid calcium propionate together accounts for over 40 % of the Calcium
Propionate market in 2022.
Due to the calcium propionate capabilities, the bakery goods
category is expected to dominate the market in lowering chemical agents in
yeast and bacteria, which is a prominent element in bread products.
Furthermore, the dry calcium propionate segment is expected to dominate the
market.
Calcium propionate demand is predicted to rise as the
foodservice sector grows. Depending on the requirements, calcium propionate is
frequently used in the baking and packaged food sectors of the food business.
Due to higher bread consumption in developing nations, the expansion of
the bread market is expected to boost demand for calcium propionate.
The calcium propionate market has achieved maturity in
developed areas such as Europe and North America. Economies in the Middle East
and Africa are expected to develop slowly until 2032, according to projections.
However, the Asia-Pacific region is expected to grow at a considerably faster
rate, owing to the expanding food industries in nations such as China and
India.
In the food industry, natural calcium propionate is
currently being utilised to make it as healthy to consume as organic calcium
chloride. The food industry uses current technology such as bacteriophages,
MAP, and other quality factors in conjunction with preservatives to protect
food quality and safety.
The calcium propionate market is the world’s biggest
preservative category. Despite the high cost of raw resources, this industry is
confronted with difficulties. This component of the study is treated
strategically, with a stronger emphasis on its commercial uses and potential
business prospects. Increased R&D expenditure, particularly in developed economies
like North America and Europe, is likely to provide market participants with
growth prospects.
Key Takeaways from Market Study
- The
calcium propionate market is expected to expand at CAGRs of 9.8% and 15%
in the US and Europe respectively, through 2032.
- The
European calcium propionate market is currently pegged at USD 106 Mn.
- In
comparison to the liquid form, the dry form of Calcium propionate will
have a larger demand. The convenience with which the ingredient may be
mixed into meals is one of the advantages of the dry form.
- By
application, the bakery section holds the highest market share and is set
to expand at a CAGR of 11%.
- The
outbreak of COVID-19 disrupted the supply chain of calcium propionate,
causing a trade slump. However, with nations giving possibilities and
rising consumer demand for bakery items, the industry is likely to rise
significantly.
“Producers of calcium propionate would gain
significant profits by targeting the food & beverage industry. The bakery
industry would also serve as a potential market for calcium propionate across
the globe,” says a Future Market Insights analyst.
Competitive Landscape
Calcium propionate producers are concentrating their efforts
on research and development in order to improve the quality of their goods.
Kemin Industries: In 2018, the firm was bought by
Agri-Marketing Corp., which is a Canadian corporation, in 2018. The firm
was able to expand and open a new facility in Quebec as a result of this
takeover.
Bio-Vet Inc: In the year 2019, the firm created a new
section devoted to the mining and production of Calcium Propionate.
ADDCON: The firm extended its production facilities in
Germany in 2019. This has been done in order to keep up with rising customer
demand. The firm also updated its chemical park location and relocated its
operations to a new management building in Germany in the same year.
Segments Covered in Calcium Propionate Market Analysis
By Form :
- Dry
- Liquid
By Application :
- Bakery
- Dairy
- Meat
processing
- Animal
feed
- Beverages
- Packaged
food products
- Others
By Region :
- North
America
- Latin
America
- Europe
- APEJ
- Japan
- Middle
East & Africa
Access Full Report here: https://www.futuremarketinsights.com/reports/calcium-propionate-market