Calcium Propionate Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2023

Calcium Propionate Market- Competitive Landscape

The Global Calcium Propionate Market is witnessing rapid growth primarily driven by growing demand from food and beverage industry.  A-M chemicals co., Ltd, ADDCON, Kemira Oyj, Impextraco NV, Niacet, Cargill Incorporated, BASF SE, Kemin Industries, Inc. are the leading players in global calcium propionate market. Some of the key developments observed in the market are adoption of the acquisition, merger, and expansion by players to strengthen their market position and meet the growing demand. Growing agriculture, pharmaceuticals, and cosmetics industries coupled with the continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors for the growth of Calcium Propionate in the global market. Considering these trends, the Global Calcium Propionate Market is set to witness considerable competition over the forecast period of 2017-2023.

Industry/ Innovation/ Related News:

February 14, 2018- Niacet Corporation announced to re-enter the animal feed markets in Middle East & Africa and Asia Pacific with its newly launched product Calprona® in March, 2018. Also, it will re-launch its products of animal feed in the American market, mainly focusing on spoilage prevention, feed hygiene and animal nutrition.  

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April 03, 2018- Kemin Crop Technologies, an initiative of Kemin Industries focussed on providing solutions for commercial horticulture, announced a distribution agreement with Plant Products, a distribution company within the specialty horticulture industry located in Canada and the U.S. This agreement is expected to result in fulfilling the needs of current and prospective Kemin customers.

April 19, 2018- The Pet Food and Rendering Technologies division of Kemin Industries, Kemin Nutrisurance, has launched PALASURANCE® P Series, a plant-based solution for palatability in North America and Asia Pacific. This product was launched with a goal of providing pet treat and food manufacturers with effective and innovative solutions to help them meet performance and label requirements. PALASURANCE® P Series palatants are designed to provide a plant based solution compatible with all animal proteins with an excellent palatability performance, which marks the market growth.

Calcium Propionate Market – Market Overview

Calcium Propionate is chemically synthesized by reacting calcium hydroxide and propionic acid. It exhibits mold inhibiting characteristics and is highly used in various dairy products, animal feedstock, and agricultural applications. The increasing use of Calcium Propionate as a food preservative and food additive is likely to propel the product demand in food & beverage industry. Calcium Propionate is known to increase shelf life and stability of dairy products. Moreover, it is used as a pesticide and fungicide which is expected to augment the product demand in agriculture sector owing to the lack of arable land and the increasing consumption demand. Additionally, the product offers anti-bacterial properties which is extensively useful in pharmaceuticals and cosmetics to prevent their spoilage. However, the shifting focus of consumer towards chemical free and organic eatables may challenge the market growth over the review period.

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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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