Global Calcium Propionate Market: Snapshot
The primary driver for the global calcium propionate market is the growing demand for convenience foods and ready-to-eat foods across the world, a factor attributed to the increasingly work-oriented and busy lifestyles of consumers. Additionally, consumers from a lot of diverse economic regions are becoming aware of the various food-borne diseases and what they can do to avoid them. The use of anti-microbial additives is one of the foremost methods to provide germ-free food that lasts longer on the shelf. In fact, the anti-microbial properties of calcium propionate have created a high demand for it in bakery products. A large number of bakeries use calcium propionate to prevent their bread-based products from growing molds. Calcium propionate is also more cost-effective than other preservatives such as sulfites or sorbates, which will further enhance its position and demand, especially in emerging economies.
There is, however, a parallel growth in the demand for fresh foods and organic foods in the world, owing to the concerns of consuming chemicals and additives in food. More and more people are concerned over the consumption of chemicals that are linked to several long-term illnesses and are therefore demanding foods that are devoid of any additives.
All in all, the global market for calcium propionate is expected to reach US$343.6 mn by the end of 2016 and US$480.3 mn by 2023, after this revenue being projected at a CAGR of 4.9% from 2015 to 2023.
Europe Leads Consumption of Calcium Propionate
By the end of 2023, Europe is expected to generate a revenue of US$175.9 mn in calcium propionate manufacture and distributions. Europe has consistently been the leading consumer of calcium propionate in the world and is expected to continue being in the lead till 2023. A large demand for calcium propionate comes from the nations of Italy, France, and the U.K., owing to their great consumption rate of convenience foods on a daily basis by the working class. Manufacturers of bakery products, dairy products, and animal feed products are all using calcium propionate in large quantities due to its preservative and anti-microbial nature. The demand for calcium propionate in Europe is also high due to the ban on antibiotics in multiple applications where calcium propionate can fill in.
North America holds a large demand for calcium propionate, but is expected to show a very slow growth in demand over the coming years, due to market saturation and a growing demand for fresh foods and organic foods. Meanwhile, Asia Pacific is showing a massive surge in its demand for calcium propionate due to its cost-effective nature.
Bakery Applications of Calcium Propionate Surge
Calcium propionate is currently one of the leading additives used to improve the shelf-life of foods. It finds key applications in the production of bakery foods, animal feed, meat processing, packaged foods, and specific beverages. The bakery industry leads the consumption of calcium propionate among all its applications. By the end of 2023, bakery applications of calcium propionate are expected to generate a revenue of US$270.0 mn for it. It is largely used to store grains and preparation foods such as pastas, noodles, and ready-to-eat foods such as breakfast cereals.
The list of top players in the global calcium propionate market currently includes Niacet Corporation, Kemira, Macco Organiques Inc., Perstorp Holding AB, AB Mauri, Addcon GmbH, A.M. Food Chemical Co. Ltd., Cargill Incorporated, Chr. Hansen A/S, and BASF SE.
Calcium propionate acts as an antimicrobial agent for killing microorganisms such as bacteria, algae, viruses, and fungi and is considered as an ideal bakery preservative. Calcium propionate market is a promising segment within the preservatives market. In addition, it is utilized in feed supplement to prolong shelf life of products. Growing demand for preserved food is expected to be a major driver for the calcium propionate market during the forecast period. The market is likely to witness considerable growth in the coming years with the huge market potential, and growing consumer preference across the world. In addition, it is a cost effective solution as compared to the other preservatives, which is a major factor that drives the market. In addition, organized and extensive research has resulted in improved formulation techniques, enhanced application methods, and prolongs shelf life capabilities. Owing to the increasing preferences towards safe and hygienic foods, and extended shelf life products among consumers, calcium propionate market have witnessed a surge in demand during the past few years. This trend is expected to continue during the upcoming years.
In comparison with other preservatives calcium propionate is less toxic. In addition, other preservatives for instance, sodium propionate is very corrosive to the eye, skin, and mucous membranes, whereas calcium propionate is not an irritant. Consumers, growing desire for preserved foods is one of the key factors that drive the increasing demands for calcium propionate. Furthermore, the application of advanced food processing techniques drives the expansion of food production and new product development in diverse segments such as dairy products, animal feed, processed meat, ready-to-eat food products, sauces, salads etc., and this is likely to spur the growth of the market. Growing health awareness coupled with changing consumer lifestyle has prompted the use of calcium propionate in the past few years. It finds application majorly as a preservative in bakery products including bread, baked products, processed meat, and various dairy products.
In this report, the global calcium propionate market is categorized into two segments: (i) by application and (ii) by geography. Based on application type, the calcium propionate market is bifurcated into bakery, dairy, meat processing, animal feed, beverages and packaged food products among others. Others application segment include plant pesticides and grain protection products. Based on geography, the global calcium propionate market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). In 2014, Europe held the largest share of the calcium propionate market followed by North America, Asia Pacific, and Rest of the World (RoW) while, Asia Pacific is expected to be the fastest growing region during the next six years. In addition, Europe is expected to maintain its leading position during the forecast period.
Under the scope of the report, major driving factors along with restraints, and opportunities (DROs) of the calcium propionate market are covered. The research study highlights the ongoing market trends and provides details forecast for the period from 2015 to 2023. The report also covered the current market position for global calcium propionate, and highlighted future market trends that are likely to affect its demand. Based on geography, the market has been segregated into North America, Europe, Asia Pacific, and Rest of the World (RoW). Furthermore, each region is segregated into major country to highlight the respective market share of calcium propionate in each country. The study covers the entire major developed as well as developing countries across the world. The size and forecast for these markets for the period from 2015 to 2023 has been provided in the report.
The report covers details analysis of different driving and hindering factors of the calcium propionate market. Under the scope of the report, the market attractiveness analysis highlights the key investing areas in this industry that would help the major market players to formulate their business decisions accordingly. The report also provides the company market share analysis of key players operating in the biopesticides domain. Some of the key players in this market include Niacet Corporation, Kemira, Macco Organiques Inc., Perstorp Holdings AB, AB Mauri, Addcon Gmbh, A.M. Food Chemicals Co. Ltd., ABF Ingredients, Ltd., Cargill incorporated, Chr. Hansen A/S and BASF SE among others.
The scope of the study presents a comprehensive evaluation of the stakeholder strategies and winning imperatives for them by segmenting the global calcium propionate market as below:
Global calcium propionate market,
- By Application Type
- Meat processing
- Animal Feed
- Packaged food products
- Others (Plant pesticides and grain protection etc.)
In addition the report provides cross-sectional analysis of all the above segments with respect to the following geographical markets:
Global calcium propionate market, by geography
- North America
- Rest of Europe
- Rest of Europe
- Rest of the World (RoW)
- Latin America
- Middle East