Overview:
Calcium propionate can be derived from a reaction of calcium hydroxide with propionic acid. The process can be natural as some types of butter and cheese contain this. It comes in various forms like powder, liquid, and compressed. For dairy products, animal feedstock, and agricultural applications, it finds application as a mold inhibitor. The global calcium propionate market share is expected to gain grounds on the basis of its varied application in the food industry and have substantial CAGR during the forecast period (2018-2023). Market Research Future (MRFR) has clearly mentioned the possibilities of the market to attain better growth in the coming years.
Several features like the ability to increase shelf-life, work against the varying storage condition triggered by temperature and humidity, high ingress in bakery, animal feed, and farming process, as nutritional supplements for pets, and anti-microbial nature are expected to make sure that the global calcium propionate market rises at a comfortable rate. Calcium propionate acts as a food preservative and is used to increase the shelf life of the bakery products. The product is influenced by the varying storage conditions such as low temperature and humidity. Calcium Propionate Market share is cost-effective and has minimum toxin level. Also, the product has substantial traction from then pharmaceuticals and cosmetics segment.
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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).
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 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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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.
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