The report Calcium Propionate Market by form (Dry and liquid), by Application (Food (Bakery Products, Dairy & Frozen Desserts, Meat, Fish & Seafood Products), Feed) and by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) is expected to reach US$ XX Mn by 2026, at a CAGR of XX % during a forecast period.
Calcium propionate is formed by reaction of calcium hydroxide with propionic acid, and occurs naturally in some types of butter and cheese. It is available in different forms in the market such as powder, liquid, and compressed. Its use as a mold inhibitor is desirable in dairy products, animal feedstock, and agricultural applications. Calcium propionate acts as a food additives and is used to increase the shelf life of the bakery products.
It is widely used as a feed supplement for animals in all region. Growing applications in food preservative sector is likely to act as a major driver for the product during the forecast period. Increasing consumer needs for food safety combined with widening application base for calcium propionate in novel product lines is expected to have industry growth over the forecast timeframe.
According to consumer preferences for fresh food products over preservatives is expected to remain a key factor for industry participants. This trend is forcing food industry key players to increase its focus towards natural products which in turn is likely to hinder the global market growth over the forecast period. High prices of propionate coupled with its lack of availability is expected to restrain the market in the long run.
Food segment are rapidly increasing during the forecast period.
The demand and increase in food industry is expected to fuel the global calcium propionate market during the forecast period. Furthermore, increasing demand for the processed and fresh food is expected to fuel the market growth in the forecasted period. Calcium propionate is cost-effective and less toxic as compared to other substitutes, which may further spur the market growth. The huge demand for the product in pharmaceuticals and cosmetics to inhibit microbial growth and prevent spoilage is also predicted to favor the market growth during the forecast timeframe.
The Calcium Propionate Market in North America region is expected to hold the largest share during the forecast period.
The North American region estimated to dominate the global market for calcium propionate in the forecast years. The North America is fairly matured market for the calcium propionate which have already reached saturation as compared to other region. On the other hand, APAC is expected to witness highest growth as there have been rapid changes in consumer lifestyles which is affecting their food and consumption habits which in turn, boost the growth of the market in the forecasted period.
Key players operating in the global calcium propionate market are Perstorp Holding AB, Niacet Corporation, Kemira, Macco Organiques Inc. and AB Mauri. Key players and manufactures are focusing on entering the new market by producing and launching technically advance and cost-effective products in the market. Production capacity expansion, brand portfolio expansion, mergers, collaborations, joint ventures and acquisitions of innovative businesses is the key trend to foot hold and penetrate market.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about global calcium propionate market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking in product strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global calcium propionate market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global calcium propionate market positioning of competitors.
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