Calcium Propionate Market 2018 Industry, Analysis, Share, Growth, Trends, Supply Forecast to 2023

Market Scenario

The Global Calcium Propionate Market is presumed to register a significant CAGR during the forecast period (2017-2023) owing to the increasing demand from the food and beverage industry, asserts Market Research Future (MRFR). Calcium Propionate occurs naturally in some types of cheese and butter. Chemically, Calcium Propionate is synthesized by reacting calcium hydroxide with propionic acid. It is used as a food preservative and is used to increase the shelf life of bakery products. Available in several forms such as liquid, powder, and compressed, Calcium Propionate is used as a mold inhibitor in dairy products, agricultural applications, and animal feedstock.

Drivers and Restraints Impacting the Market

With the growing food and beverage industry, the market for Calcium Propionate is expected to foster. With the change in lifestyle, there has been a change in food consumption pattern. Increasing demand for ready-to-eat and processed food is likely to stimulate the growth of the market during the assessment period. As Calcium Propionate is cost-effective and less toxic compared to other substitutes such as sulfites and sorbates, the demand for the product is considered to grow. Also, growing demand for the product in cosmetics and pharmaceuticals to retard the microbial growth and prevent spoilage is estimated to favor the market growth at a global level.

On the other hand, a shift in consumer preference for fresh food items over preservatives is likely to retard the market growth. The shifting trend is forcing the food industry to focus on natural products which are further inhibiting the market growth.

Global Calcium Propionate Market: Segmental Analysis

The Global Calcium Propionate Market has been segmented on the basis of Application and Region.

By Mode of Application, the Global Calcium Propionate Market has been segmented into bakery products, animal feed, agricultural application, pharmaceuticals, pesticides, cosmetics, dairy products, processed meat, and others. 

Among these, the bakery products I considered to be the most lucrative application segment and holds the largest market share. Calcium propionate can be mixed with flour easily which prevents the microbes from producing energy. The product is extensively used in baked goods and bread, noodles, pasta, and breakfast cereals. It prevents formation of mold and rope and extends the normal shelf life of the food products.

Regional Insights

Geographically, the Calcium Propionate Market span across Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.

North America is considered to be the largest consumer of Calcium Propionate and accounts for 35 % of the market share. The growth is attributed to the high production and consumption of bakery and easy-to-make food products such as pasta and noodles. The major contributors in this region are Canada and the U.S.

Europe is estimated to be the second largest region in terms of market share and is expected to register a considerable growth. The growth is attributed to the increasing awareness of food safety and the need to increase the shelf life of the food items. The major contributors in this region are France, U.K., Germany, Italy, and Spain.

Asia Pacific is presumed to be the fastest emerging region owing to the growing population and their changing food habits especially in countries such as Australia, China, Japan, and India.

Industry News

September 18, 2018: Corbion, the supplier of ingredients has come up with a clean label mold control solution that matches the performance of calcium propionate. The new ingredient, Verdad MP1000 is a blend of natural flavors and vinegar that delivers both the taste neutrality and functionality of calcium propionate, keeping the ingredients label clean.

Competitive Analysis

The key players operating the Calcium Propionate Market are Niacet (U.S), ADDCON (Germany), Perstorp Orgnr (Sweden), Impextraco NV (Belgium), Triveni Chemicals (India), Kemira Oyj (Finland), Cargill Incorporated. (U.S), Macco Organiques Inc (Czech Republic), AB Mauri India Pvt.Ltd. (India), Kemin Industries Inc. (USA), Eastman Chemical Company (U.S), Krishna Chemicals (India), A-M chemicals Co. Ltd (China), BASF SE (Germany), and Fine organics (India).

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Calcium Propionate Market 2018: Analysis, Growth, Top Key Players and Trends by Forecast to 2023

Market Overview
Calcium Propionate is calcium salt of propionic acid, formed by reaction of calcium hydroxide with propionic acid. The compound exhibits mold inhibiting property, which is extremely beneficial for 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 growing working population have increased the demand for processed and ready-to-go food products and are likely to propel the 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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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 the 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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