Calcium Propionate Market: growing demand from the food and beverage industry is estimated to drive the market growth during the forecast period 2017-2023 :
Market Overview:
Calcium Propionate is calcium salt of propionic acid, formed by the reaction of calcium hydroxide with propionic acid. The compound exhibits mold inhibiting property, which is extremely beneficial for the prevention of growing microorganisms in food and beverages. Growing consumption of calcium propionate as a preservative and leavening agent in bakery and dairy products is a major driver of the global market. The increasing applications of calcium propionate in bakery products hold a major share of the market in terms of value. It is used for milk fever prevention in cows and is a great feed supplement for poultry, dogs, cattle, and horse. The use of calcium propionate in baked products depends upon various influencing factors such as storage method, storage temperature, product type, and others. It acts as an anti-microbial agent which is beneficial in the production of pharmaceuticals, especially for skin disease caused by a parasite. This property is also useful in preventing bacterial growth and preventing cosmetics from spoiling. Being less toxic and cost-effective compared to other substitutes such as sodium propionate, sorbates, and others are the primary drivers of the market growth.
Changing lifestyle and food consumption habits coupled with the growing working population have increased the demand for processed and ready-to-go food products and are likely to propel market growth during the forecast period. R&D innovations in food processing and the extensive use of the product in emerging markets are projected to drive the market positively.
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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).
Market Segmentation
The global calcium propionate market is segmented on the basis of its application and region.
Based on the applications, the global market is segregated into bakery products, dairy products, animal feed, processed meat, pesticides, pharmaceuticals, cosmetics, 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 market growth on account of the growing food industries in countries such as Mexico, Brazil, and South Africa.
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