The calcium propionate market was worth US$ 344.5 million in 2022. A CAGR of 3.9% is projected from 2023 to 2031. The market is expected to reach US$ 487.0 million in revenue by 2031.
Calcium propionate is essential for food industry expansion, particularly in the baking, confectionery, and processed food sectors. Increasing consumption of processed and convenience foods, urbanization, and increased disposable income are expected to contribute to the rise in calcium propionate demand.
Natural food components and clean labels are becoming increasingly popular among consumers. The need for organic preservatives from fermentation processes or plant extracts may increase despite calcium propionate being considered safe. As a result, novel natural preservation products may be developed and impact the market.
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Key Findings of the Market Report
- As far as the global landscape is concerned, Asia Pacific is likely to hold the lead.
- Consumption growth of preserved foods is being driven by high demand and rapid developments of clean-label products.
- Vegan food consumption and plant-based diet adoption are expected to increase, boosting the market.
- Opportunities are likely to arise in the future in the animal feed segment.
Global Calcium Propionate Market: Growth Drivers
- The growing popularity of convenience foods and snacks has increased demand for food preservatives, such as calcium propionate, which preserve freshness and lengthen shelf life.
- A common ingredient in baked goods and confections is calcium propionate, which prevents mold from growing and increases their shelf life. As the baking and confectionery industries expand worldwide, calcium propionate demand is expected to rise.
- Food safety and sanitation laws have been enacted by governments throughout the world. Food manufacturers can adhere to regulatory requirements about food safety by using calcium propionate within legal bounds.
- Consumers are becoming increasingly aware of the importance of food ingredients. In comparison to some alternatives, calcium propionate is perceived to be a safe preservative therefore, food manufacturers continue to use it as a preservative.
- By prolonging product shelf life and reducing the requirement for premature disposal due to deterioration, calcium propionate helps reduce food waste. Calcium propionate also prevents mold growth and preserves the quality of animal feed.
- The increasing demand for high-quality animal feed and livestock products drives this industry’s calcium propionate market. Due to ongoing research in food preservation technologies, scientists are developing new formulations and uses for calcium propionate.
Global Calcium Propionate Market: Regional Landscape
- Calcium propionate market share is expected to be led by Asia Pacific. Increasing purchasing power increases demand for food preservation measures such as calcium propionate.
- The use of food additives that are safe and approved is becoming more prominent as consumers become more aware of food safety. Food manufacturers seeking to comply with stringent food safety regulations may continue to use calcium propionate, which has an established safety profile.
- The food industry infrastructure supports the growth of the calcium propionate market, including manufacturing plants, distribution networks, and retail shops.
- Increasing food production capabilities and improving supply chain efficiency will lead to an increase in preservative demand. In many Asian countries, processed and convenience foods have become more prevalent, leading to a shift toward Western diets.
- Governments, educational institutions, and private companies in the Asia Pacific are investing in innovation and improvements in food preservation technologies. The effectiveness and versatility of calcium propionate can be increased by developing new forms or applications.
Global Calcium Propionate Market: Competitive Landscape
Investing in research and development activities and launching new products are key strategies for leading companies to expand their global footprints. A growing global demand for food is motivating them to increase their production as well.
Key Players Profiled
- Niacet Corporation
- Kemira
- Macco Organiques Inc.
- Perstorp Holding AB
- AB Mauri
- M Food Chemical Co. Limited
- Addcon GmbH
- ABF Ingredients
- Cargill Corporation
- Hansen Holding A/S
- BASF SE
- The Dow Chemical Company
Key Developments
- Niacet Corporation– manufactures calcium and sodium propionate, among other organic salts. Industrial chemicals and food and pharmaceutical ingredients are the company’s specialties. Various food products, such as bakery, animal feed, and animal feed supplements, contain Niacet’s calcium propionate as a preservative.
- Kemira– specializes in chemical solutions and expertise for industry sectors including oil and gas, pulp and paper, and municipal water treatment. In addition to food additives, Kemira may offer food preservation and processing products and services.
- Macco Organiques Inc. – a Canadian company that manufactures mineral-based chemicals for food, agriculture, and pharmaceutical use. They may offer preservatives and additives like calcium propionate.
Global Calcium Propionate Market: Segmentation
Application
- Bakery
- Dairy
- Meat Processing
- Animal Feed
- Packaged Food Products
- Others (Plant Pesticides, Grain Processing, etc.)
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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