Published: Apr, 2018

Perstorp Holding AB, Niacet Corporation, and Kemira were three of the key manufacturers and distributors of calcium propionate in 2017. The top players in the global calcium propionate market held a share of nearly two-thirds in value as of that year and includes the above three names, representing a relatively consolidated competitive landscape.

As per a research report recently published by Transparency Market Research, the top players in the global calcium propionate market possess a strong distribution chain across key regions of the world. Companies such as Perstorp Holding also keep a diverse product offering to remain independent of one product in terms of revenue generation. A lot of the players in this market are primarily focused towards providing calcium propionate to bakeries.

The global market for calcium propionate is expected to reach US$480.3 million by the end of 2023. Its revenue is projected at a CAGR of 4.9% from 2017 to 2023 and is predicted to be valued at US$360.4 million by the end of 2017. The function of calcium propionate as a preservative has found a massive scope of applications in bakeries. By the end of 2023, the application segment of bakery in the global calcium propionate market is expected to reach a revenue of US$270.3 million.

Europe has been the steadiest in its demand for calcium propionate over the years. By the end of 2023, Europe is expected to generate a revenue of US$175.9 mn in its demand for calcium propionate. A large part of this revenue is attributed to the growing demand for ready-to-eat foods and preserved foods in France, the U.K., and Italy. The consumption of calcium propionate in Europe has also been boosted by the restrictions on other preservatives by REACH.

Meanwhile, Asia Pacific is expected to show a high demand for calcium propionate over the coming years. This region is showing a greater preference towards calcium propionate due to the ban on several antibiotics in various applications. North America is expected to show a sluggish growth in its demand for calcium propionate till 2023.

global calcium propionate market

Demand for Convenience Foods, Consequently Calcium Propionate, on the Rise

“A very common factor visible in all nations is an increasingly busy lifestyle of the working class. A large number of people are invested in this lifestyle and therefore need forms of sustenance that are primarily easy to eat. This massive demand for preserved foods, ready-to-eat foods, and canned foods is proportionately calling for a greater volume of preservatives. At the moment, calcium propionate is a solid option for most foods and especially bakery products,” states a TMR analyst.

Calcium propionate is great as an anti-microbial preservative and can be a solid answer to the rising concerns over food-borne illnesses and related health issues. Consumer are increasingly aware of the possibility of contracting several diseases through consumption of unsafe food, thereby creating a higher demand for preservatives and anti-microbial additives. The case falls in the favor of calcium propionate even further due to its relative cost-effectiveness in manufacturing.

Growing Demand for Fresh and Organic Foods Hampers Calcium Propionate Demand

There is currently a high demand for fresh foods that are devoid of preservatives and additives, owing to the health concerns linked to their consumption. Consumers are steadily shifting their preference towards fresh foods and consequently creating a fall in the demand for calcium propionate and other preservatives. This restraint is expected to have a medium level impact on the global calcium propionate till 2023.

“The use of calcium propionate over sodium propionate can be a key factor that helps increase the demand for the former over the coming years. Additionally, globally prominent manufacturers of calcium propionate can now look to emerging economies from the Asia Pacific for massive volumes of demand and future opportunities,” adds the analyst.

The information presented in this review is based on a Transparency Market Research report, titled, “Calcium Propionate Market (Application - Bakery, Dairy, Meat Processing, Animal Feed, Beverages, Packaged Food Products, Plant Pesticides, and Grain Protection) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2023.”

Key Takeaways:

  • The applications of calcium propionate in the bakeries is expected to reach US$270.3 million globally by 2023.
  • Europe is expected to continue leading the demand for calcium propionate, promising to produce an estimated revenue of US$140 million by 2023
  • The global market for calcium propionate is expected to achieve an overall revenue US$480.00 million.

Key Segments of the Global Calcium Propionate Market

By Application

  • Bakery
  • Dairy
  • Meat processing
  • Animal Feed
  • Beverages
  • Packaged food products
  • Others (Plant pesticides and grain protection etc.)

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Australia
    • India
    • Rest of Europe
  • Rest of the World (RoW)
    • Latin America
    • Middle East
    • Africa

About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com