calcium propionate market Overview:
Calcium propionate can be derived from a reaction of calcium hydroxide with propionic acid. The process can be natural as some types of butter and cheese contain this. It comes in various forms like powder, liquid, and compressed. For dairy products, animal feedstock, and agricultural applications, it finds application as a mold inhibitor. The global Calcium Propionate Market is Size Projected To Be Worth USD 0.48 Billion By 2030, Registering A CAGR Of 4.86% During The Forecast Period (2023-2030). Market Research Future (MRFR) has clearly mentioned the possibilities of the market to attain better growth in the coming years.
Several features like the ability to increase shelf-life, work against the varying storage condition triggered by temperature and humidity, high ingress in bakery, animal feed, and farming process, as nutritional supplements for pets, and anti-microbial nature are expected to make sure that the global calcium propionate market rises at a comfortable rate. Calcium propionate acts as a food preservative and is used to increase the shelf life of bakery products. The product is influenced by varying storage conditions such as low temperature and humidity. Calcium Propionate Market is cost-effective and has minimum toxin level. Also, the product has substantial traction from then pharmaceuticals and cosmetics segment.
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Competitive Analysis
Some of the key players in the global market of calcium propionate are A-M chemicals co., Ltd (China), ADDCON (Germany), Fine organics (India), Kemira Oyj (Finland), Impextraco NV (Belgium), Krishna Chemicals (India), Niacet (U.S), Macco Organiques inc (Czech Republic), Perstorp Orgnr (Sweden), Cargill Incorporated. (U.S), AB Mauri India Pvt. Ltd. (India), BASF SE (Germany), Triveni Chemicals (India), Kemin Industries, Inc. (USA), and Eastman Chemical Company (U.S).
Segmental Analysis
The segmental appraisal of the calcium propionate market is conducted on the basis of applications and region. The regions segment in the calcium propionate market includes Asia Pacific, Europe, North America, and other eminent regions. The application segment of the calcium propionate is segmented into dairy products, bakery products, agricultural applications, animal feed, and others.
Regional Analysis
The global calcium propionate market is segmented into five major regions of North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is the leading region in the global calcium propionate market owing to the presence of well-established mature foods & beverages industries in this region. Countries such as the U.S. and Canada hold a major share of the regional market and may further witness healthy growth in the coming years due to the high production and consumption of bakery and dairy products in this region.
Europe is another substantial region expected to witness positive growth in the market. The increasing need for the longer shelf life stability and growing awareness of the foodborne disease is anticipated to fuel the regional market in countries such as the U.K, Germany, France, Italy, and others.
The Asia Pacific is the fastest-growing region in terms of the consumption of calcium propionate. Countries such as China, India, Japan, and others are the major contributors to the market share in this region. The surging demand for processed food and increasing disposable income are the major drivers of the market in this region. Moreover, use in pesticides to increase agricultural production and productivity in emerging countries such as China, India, Indonesia, and Thailand in this region favors the market growth positively.
Lastly, Latin America and the Middle East, and Africa are also significant contributors to the Calcium Propionate Market Growth on account of the growing food industries in countries such as Mexico, Brazil, and South Africa.
Industry Updates:
Jul 2020 Protera lately obtained a USD 5.6 million support from stockholders for its fermented protein that can substitute artificial food additives and elevate the shelf life of baked goods by 30 days or more. Customers want natural substitutes for artificial food ingredients and are prepared to pay more for them. Calcium propionate which is used widely to prevent mold in bakery products is formed artificially in order to accomplish the high quantities essential staving off the nasty microbes. Protera’s answer is based on synthetic biology, a subject that uses nature’s own devices to make healthy, and sustainable products. These products, often novel proteins, are formed through fermentation, not so dissimilar to brewing beer and baking bread.
Jul 2020 The Government in South Africa after many years of lobbying has finally accepted sorbic acid as an ingredient in local bread. This will cover the shelf life of a standard loaf of bread from five days to more than a week. It is, however, more exclusive than the normal SA bread preservative.
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