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Global Calcium Propionate Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2024-2032

Published Date: April, 2024
Base Year: 2023
Delivery Format: PDF+ Excel
Historical Year: 2017-2023
No of Pages: 263
Forecast Year: 2024-2032
SKU 2d5689246ca3 Category

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The global calcium propionate market is expected to grow at a significant rate in the coming years due to the increasing demand for food preservatives. Calcium propionate is used as a preservative in various food products such as bakery items, processed meat, and dairy products. The rising demand for convenience food and the increasing awareness about food safety and hygiene are driving the growth of the calcium propionate market.

Calcium propionate is a calcium salt of propionic acid. It is commonly used as a food preservative to extend the shelf life of various food products. Calcium propionate inhibits the growth of bacteria and mold in food, making it an effective preservative. It is a white crystalline powder that is soluble in water and has a faint odor of propionic acid.

Executive Summary:

The global calcium propionate market is expected to grow at a significant rate in the coming years due to the increasing demand for food preservatives. Calcium propionate is commonly used as a preservative in various food products such as bakery items, processed meat, and dairy products. The rising demand for convenience food and the increasing awareness about food safety and hygiene are driving the growth of the calcium propionate market. The Asia Pacific region is expected to be the largest market for calcium propionate due to the growing demand for processed food products in the region.

Global Calcium Propionate Market

Key Market Insights:

  • The global calcium propionate market is expected to grow at a CAGR of XX% during the forecast period.
  • The bakery segment is expected to be the largest application segment of the calcium propionate market due to the increasing demand for baked goods.
  • The Asia Pacific region is expected to be the largest market for calcium propionate due to the growing demand for processed food products in the region.
  • The increasing awareness about food safety and hygiene is driving the growth of the calcium propionate market.
  • The high cost of calcium propionate is a major factor hindering the growth of the market.

Market Drivers:

  • Rising demand for convenience food
  • Increasing awareness about food safety and hygiene
  • Growing demand for processed food products
  • The effectiveness of calcium propionate as a preservative

Market Restraints:

  • High cost of calcium propionate
  • Availability of alternative preservatives

Market Opportunities:

  • Growing demand for natural preservatives
  • Increasing demand for organic food products
  • Growing demand for functional food products

Market Dynamics:

The global calcium propionate market is driven by various factors such as the rising demand for convenience food, the increasing awareness about food safety and hygiene, and the effectiveness of calcium propionate as a preservative. However, the high cost of calcium propionate and the availability of alternative preservatives are hindering the growth of the market. The growing demand for natural preservatives, organic food products, and functional food products presents significant opportunities for the calcium propionate market.

Regional Analysis:

The Asia Pacific region is expected to be the largest market for calcium propionate due to the growing demand for processed food products in the region. North America and Europe are also significant markets for calcium propionate due to the high consumption of bakery products in these regions.

Competitive Landscape:

The global calcium propionate market is highly competitive with the presence of several key players. Some of the leading players operating in the market are Perstorp Holding AB, Niacet Corporation, Kemira Oyj, and Macco Organiques Inc. These players are focusing on strategies such as mergers and acquisitions, product launches, and partnerships to expand their market presence.

Segmentation:

The global calcium propionate market can be segmented based on application and region. By application, the market can be segmented into bakery, dairy, meat and poultry, animal feed, and others.

Category-wise Insights: 

The bakery segment is expected to be the largest application segment of the calcium propionate market. Calcium propionate is commonly used as a preservative in baked goods such as bread, pastries, and cakes to extend their shelf life. The increasing demand for baked goods due to the rising population and changing consumer preferences is driving the growth of the bakery segment. The demand for clean label and natural preservatives in bakery products is also creating significant opportunities for the calcium propionate market.

Dairy Segment: The dairy segment is also a significant application segment of the calcium propionate market. Calcium propionate is used as a preservative in various dairy products such as cheese, yogurt, and sour cream. The increasing demand for dairy products due to their high nutritional value and health benefits is driving the growth of the dairy segment. The growing trend of consuming dairy products as a healthy snack is also contributing to the growth of the dairy segment.

Meat and Poultry Segment: The meat and poultry segment is another important application segment of the calcium propionate market. Calcium propionate is used as a preservative in processed meat products such as sausages, hot dogs, and deli meats to prevent spoilage and extend their shelf life. The increasing demand for processed meat products due to their convenience and longer shelf life is driving the growth of the meat and poultry segment.

Animal Feed Segment: The animal feed segment is also a significant application segment of the calcium propionate market. Calcium propionate is used as a preservative in animal feed to prevent the growth of harmful bacteria and mold. The increasing demand for animal feed due to the growing population and rising demand for animal protein is driving the growth of the animal feed segment.

Key Benefits for Industry Participants and Stakeholders:

  • Opportunity to expand their market presence in the global calcium propionate market
  • Increasing demand for calcium propionate as a food preservative
  • Rising awareness about food safety and hygiene
  • Growing demand for processed food products
  • The effectiveness of calcium propionate as a preservative
  • Opportunities for product innovation and differentiation

SWOT Analysis:

Strengths:

  • Effective preservative
  • Rising demand for convenience food
  • Growing awareness about food safety and hygiene

Weaknesses:

  • High cost of calcium propionate
  • Availability of alternative preservatives

Opportunities:

  • Growing demand for natural preservatives
  • Increasing demand for organic food products
  • Growing demand for functional food products

Threats:

  • Stringent regulations regarding food preservatives
  • Health concerns associated with the consumption of preservatives

Market Key Trends:

  • Increasing demand for natural and clean label preservatives
  • Growing trend of consuming functional food products
  • Increasing demand for organic food products

Covid-19 Impact:

The Covid-19 pandemic has had a significant impact on the global calcium propionate market. The disruptions in the supply chain and the closure of manufacturing facilities due to lockdowns have resulted in a shortage of calcium propionate in the market. The pandemic has also affected the demand for processed food products, which has impacted the demand for calcium propionate. However, the growing awareness about food safety and hygiene due to the pandemic is expected to drive the demand for calcium propionate in the coming years.

Key Industry Developments:

  • In July 2021, Kemin Industries announced the launch of a new calcium propionate-based preservative for bakery products.
  • In May 2020, Perstorp Holding AB announced the expansion of its calcium propionate production capacity.

Analyst Suggestions:

  • Focus on developing natural and clean label preservatives to meet the changing consumer preferences
  • Expand the product portfolio to cater to the growing demand for functional food products
  • Invest in R&D to develop innovative and cost-effective products
  • Collaborate with food manufacturers to develop customized preservative solutions

Future Outlook

The global calcium propionate market is expected to grow at a significant rate in the coming years due to the increasing demand for food preservatives. The rising demand for convenience food and the increasing awareness about food safety and hygiene are driving the growth of the calcium propionate market. The growing demand for natural and clean label preservatives and the increasing demand for organic and functional food products are expected to create significant opportunities for the calcium propionate market.

The Asia Pacific region is expected to be the largest market for calcium propionate due to the growing demand for processed food products in the region. North America and Europe are also significant markets for calcium propionate due to the high consumption of bakery products in these regions.

The global calcium propionate market is highly competitive with the presence of several key players. Perstorp Holding AB, Niacet Corporation, Kemira Oyj, and Macco Organiques Inc. are some of the leading players operating in the market. These players are focusing on strategies such as mergers and acquisitions, product launches, and partnerships to expand their market presence.

The Covid-19 pandemic has had a significant impact on the global calcium propionate market. The disruptions in the supply chain and the closure of manufacturing facilities due to lockdowns have resulted in a shortage of calcium propionate in the market. However, the growing awareness about food safety and hygiene due to the pandemic is expected to drive the demand for calcium propionate in the coming years.

Conclusion

In conclusion, the global calcium propionate market is expected to grow at a significant rate in the coming years due to the increasing demand for food preservatives. The rising demand for convenience food and the increasing awareness about food safety and hygiene are driving the growth of the calcium propionate market. The growing demand for natural and clean label preservatives, organic and functional food products, and the increasing consumption of baked goods are expected to create significant opportunities for the calcium propionate market. The key players in the market are focusing on strategies to expand their market presence and meet the changing consumer preferences.

Global Calcium Propionate Market:

Segmentation Details
Form Dry, Liquid
Application Food & Beverages, Feed, Pharmaceuticals, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Leading Companies in the Global Calcium Propionate Market:

  1. Niacet Corporation
  2. AB Mauri
  3. Kemira Oyj
  4. Perstorp Holding AB
  5. Macco Organiques Inc.
  6. Cargill, Incorporated
  7. Addcon GmbH
  8. BASF SE
  9. Eastman Chemical Company
  10. Impextraco NV

North America
o US
o Canada
o Mexico

Europe
o Germany
o Italy
o France
o UK
o Spain
o Denmark
o Sweden
o Austria
o Belgium
o Finland
o Turkey
o Poland
o Russia
o Greece
o Switzerland
o Netherlands
o Norway
o Portugal
o Rest of Europe

Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Kazakhstan
o Taiwan
o Vietnam
o Thailand
o Philippines
o Singapore
o Australia
o New Zealand
o Rest of Asia Pacific

South America
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Rest of South America

The Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Israel
o Kuwait
o Oman
o North Africa
o West Africa
o Rest of MEA

Important Questions Covered in this Study

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