The Food Grade Calcium Chloride Market is estimated to be valued at US$ 679.4 Mn in 2021 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Food grade calcium chloride is widely used as a food additive in various processed food products. It is used as a firming agent, stabilizer, and thickener in dairy products, canned vegetables, and other food items. The use of food grade calcium chloride helps in enhancing the texture, taste, and shelf life of food products. It also helps in preserving the nutritional value of food by preventing spoilage and microbial growth. The increasing consumer preference for processed food products and the rising demand for food safety standards are expected to drive the growth of the food grade calcium chloride market.
Market Dynamics:
The food grade calcium chloride market is driven by the growing demand for processed food products. The busy lifestyle of consumers and the convenience offered by processed food products have resulted in an increased consumption of ready-to-eat meals, frozen food, and packaged foods. This has led to a higher demand for food grade calcium chloride as it helps in maintaining the quality and freshness of these food products.
Furthermore, the increasing awareness about food safety standards among consumers and manufacturers is also contributing to market growth. Food grade calcium chloride plays a vital role in preventing the growth of bacteria and preserving the quality of food products. The stringent regulations and guidelines imposed by food safety authorities have increased the adoption of food grade calcium chloride in the food industry.
Segment Analysis:
The Global Food Grade Calcium Chloride Market can be segmented based on application and end-use industry. In terms of application, the dominant segment is the food preservation segment. Food grade calcium chloride is widely used as a food additive for preserving fruits and vegetables, as it helps in maintaining their texture and preventing spoilage. It is also used for pickling and canning purposes. The increasing demand for processed and packaged food products, coupled with the growing consumer preference for extended shelf life of food products, is driving the dominance of the food preservation segment in the market.
PEST Analysis:
Political: The food grade calcium chloride market is influenced by political factors such as government regulations on food safety and hygiene. Stringent regulations regarding the use of food additives and preservatives are impacting the market dynamics and product formulation.
Economic: The economic factors affecting the market include the growth in the food and beverage industry, increasing disposable income, and changing consumer preferences. These factors are propelling the demand for food grade calcium chloride, as it is extensively used in various food processing applications.
Social: The social factors that impact the market include the changing lifestyles and dietary habits of consumers. The increasing awareness among consumers about the benefits of packaged and processed food products, coupled with the rising demand for convenience foods, is driving the growth of the food grade calcium chloride market.
Technological: Technological advancements in the food processing industry are influencing the market growth. The development of innovative food preservation techniques and processing methods is creating opportunities for the utilization of food grade calcium chloride in various applications.
Key Takeaways:
The global food grade calcium chloride market is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period (2023-2030). This growth can be attributed to the increasing demand for processed and packaged food products, as well as the growing consumer preference for extended shelf life of food products.
In terms of regional analysis, North America is expected to be the fastest growing and dominating region in the food grade calcium chloride market. The region has a well-established food and beverage industry, with a high demand for food preservatives. Additionally, stringent government regulations regarding food safety and hygiene are driving the adoption of food grade calcium chloride in the region.
Key players operating in the food grade calcium chloride market include Solvay S.A., Tokuyama Corporation, Occidental Petroleum Corporation, Ward Chemical Ltd., Tata Chemicals Ltd., TETRA Technologies, Inc., Zirax Limited, Weifang Yuze Chemical Co., Ltd., Mey Chern Chemicals Sdn Bhd., Anmol Chemicals Group, TCI Sanmar Chemicals S.A.E., and Weifang Haibin Chemical Co., Ltd. These key players are actively involved in product development, mergers and acquisitions, and collaborations to enhance their market presence and expand their customer base.
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The 'Global Food Grade Calcium Chloride Market Outlook 2019-2024' offers detailed coverage of food grade calcium chloride industry and presents main market trends.
The market research gives historical and forecast market size, demand, end-use details, price trends, and company shares of the leading food grade calcium chloride producers to provide exhaustive coverage of the market for food grade calcium chloride.
The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography.
The global food grade calcium chloride market has been segmented into five major regions, namely, North America (U.S., Canada, and others), Europe (U.K., France, Germany, Russia, and others), Asia-Pacific (China, Japan, India, Australia, and others), South America (Brazil, Argentina, and others), and Middle East & Africa (South Africa, Saudi Arabia, and others).
Furthermore, the report also includes an in-depth competitive analysis of the key vendors operating in this market.
Key Regions- North America- Europe- Asia Pacific- Middle East & Africa- South America Download Free Sample Report @ https://www.radiantinsights.com/research/global-food-grade-calcium-chloride-market-outlook-2019-2024/request-sample Key Vendors- Koruma Klor Alkali A.?.- LUXI Group- Nedmag B.V.- Oxy Chemical Corporation- Premier Chemicals Ltd.- Solvay S.A.- Tangshan Sanyou Group Co., Ltd.- TETRA Technologies, Inc.- Zhejiang Dacheng Calcium Co., Ltd.- Zirax Limited- request free sample to get a complete list of companies Key Questions Answered in This Report- Analysis of the food grade calcium chloride market including revenues, future growth, market outlook- Historical data and forecast- Regional analysis including growth estimates- Analyzes the end user markets including growth estimates.- Profiles on food grade calcium chloride vendors including products, sales/revenues, SWOT, and market position, recent developments.- Market structure, market drivers and restraints.
