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High preference of consumers towards the fresh food, increasing demand for food with proper hygiene due to large health concerns are Drives Growth
NEW YORK CITY, NEW YORK, UNITED STATES, August 4, 2022 /EINPresswire.com / -- According to the current analysis of Reports and Data, the global Calcium Propionate market was reported the value of USD 290.7 Million in 2019 and is expected to reach USD 441.4 Million by the end of the year 2027, at a CAGR of 5.7%. Calcium Propionate is added to different food products, as it helps to keep the food fresh by protecting it from mold and bacteria. It is produced with the process of fermentation of bacteria. Calcium Propionate acts as an antimicrobial agent. It helps to vanish microorganisms such as bacteria, algae, viruses, and fungi. Therefore, the calcium propionate is considered as the most ideal product used as a preservative in the bakery. Also, Calcium Propionate is utilized as a feed supplement to increase the shelf life of food products.
The calcium propionate is an organic salt propionic acid. It find in two forms, powder or liquid form. It is a source of energy for dairy transition cows. Calcium propionate is also used as a mold inhibitor in different dairy products, pharmaceuticals, livestock feed, cosmetics, and some other agricultural applications. It is used as a guarantee for safety of food. The use calcium propionate depends upon factors such as, climatic conditions, kind of product and other such factors.
The large demand for food products across the globe due to increasing per capita consumption, the high demand for products which are good for health and having long shelf life these are the driving factors for the calcium propionate market. However, the cases of headaches, stomach ache have been reported by many consumers and also some cases witnessed the case of diabetes due to consumption of food involving use of calcium propionate as a preservative. Also, the rise in the prices of calcium propionate will create hindrance to the growth of the calcium propionate market.
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Major companies Niacet Corporation, Addcon, Impextraco, Macco Organiques, Perstorp Holdings AB, Kemira Oyj, A.M. Food Chemicals Co. Ltd., Eastman Chemical Company, and Fine Chemicals.
Further key findings from the report suggest
Calcium propionate market is growing at a CAGR of 1% in Asia Pacific followed by North America and Europe, with 5.9 % and 5.6% CAGR, respectively. Increasing usage of preservative contents across the globe is the key factor to accelerate the growth during forecast period across all regions.
On the basis of form perspective, the calcium propionate is subdivided into dry and liquid. The dry segment is estimated to dominate the market with the highest CAGR of 6%, and hold the largest share of 75%. The dry segment was valued at USD 205.2 million in 2018 and is expected to reach the value of USD 325.8 million by the end of the year 2026. Due to its easiness of mixing and properties of improved the dispersion all over the food matrix, its demand is growing.
The food is the dominating the calcium propionate application segment which holds 40% of the global. The Asia Pacific is the chief revenue generating source for this product segment, followed by North America and Europe regions
Livestock feed is expected to be the fastest growing segment during forecast period 2019-2026 with a CAGR of 6.1%. However, side effects associated with the product and expensive cost are major challenge for the growth of this market segment
Other Application segment (that includes cosmetics, agriculture, chemicals) was valued at USD 32 Million in 2018 and is expected to reach the value of USD 48.2 Million by the end of the year 2026.
North America is accounted for the 32% of the global calcium propionate market. The large demand for food & beverage industry in the area will likely to help witness growth.
The Increasing prices of acids and the changing demand from preservative foods to the natural products are likely to hinder the growth during the forecast period.
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Segments covered in the report:
Form (Volume in Kilo Tons; Revenue in USD Million; 2017–2027)
Powder
Liquid
Application (Volume in Kilo Tons; Revenue in USD Million; 2017–2027)
Food
Bakery Products
Dairy Products
Meat & Seafood
Others
Pharmaceutical
Beverages
Live Stock Feed
Other Applications
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Regional Outlook (Volume in Kilo Tons; Revenue in USD Million; 2017–2027)
North America
US.
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of the Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East & Africa
Latin America
Brazil
Rest of Latin America
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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Tushar Rajput
Reports and Data
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