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North America is estimated to dominate the calcium propionate market

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Sonal Phulambrikar
North America is estimated to dominate the calcium propionate market

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 growth in demand for bakery products with extended shelf life and cost advantages provided by calcium propionate over other preservatives, which contribute to increased demand and adoption rate.

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North America is estimated to dominate the calcium propionate market in 2018.

In 2018, the North American region is estimated to dominate the global market for calcium propionate.

The region is one of the largest consumers and exporters of calcium propionate due to the wide and matured bakery market and high bread consumption. The market for calcium propionate in North America is fairly matured; hence, the growth is moderate when compared to other developing economies. Consumers with busy lifestyles in the North American market are on the lookout for minimally processed foods with a long shelf life. The increase in demand for convenience foods is expected to create an impact on the calcium propionate market in North America.

“Asia Pacific is projected to witness the highest growth rate during the forecast period.”

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.

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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).

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Sonal Phulambrikar
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