Transparency Market Research has recently published a new research report, titled “Calcium Propionate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”. The research report highlights the various drivers and restraints and threats and opportunities present in the global calcium propionate market. According to the research report, the global calcium propionate market is expected to reach US$480.3 mn by 2023 from US$312.6 mn in 2014, surging at a CAGR of 4.9% from 2015 to 2023 in terms of revenue. Volume-wise this market is expected to rise at a CAGR of 4.4% from 2015 to 2023 to reach 302.2 kilo tons by 2023.
Browse the full Calcium Propionate Market by Application (bakery, dairy, meat processing, animal feed and others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at https://www.transparencymarketresearch.com/calcium-propionate-market.html
Calcium propionate is the calcium salt of propionic acid and it is an exceptionally important food additive as it acts as an antimicrobial agent. It is often used as a preservative in baked items as it kills microorganisms such as algae, bacteria, fungi, and viruses. It is also used as a food supplement to prolong the shelf life of several food items.
In the near future, the global calcium propionate market is expected to witness a surge in demand due to growing consumer preference for baked items. Owing to the fact that calcium propionate happens to be far more cost-effective than other types of preservatives, it is expected to gain accelerated momentum. The ongoing research and development activities to formulate newer techniques that improve applications of calcium propionate to prolong shelf life will also drive this market in the coming few years.
The global calcium propionate market is segmented on the basis of application and geography. The applications of calcium propionate are seen in the bakery, dairy, animal feed, meat processing, packaged food products, beverages, and other sectors such as grain protection and pesticides. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.
Out of all the application segments of calcium propionate, the bakery segment held a sizable share of 58% in the overall market in 2014. Between 2015 and 2023, the bakery segment is expected to surge at a CAGR of 4.5%. The main factor supporting this growth rate will be the ability of calcium propionate to mix easily with flour. Furthermore, the growing usage of calcium propionate as a preservative in bread and other types of baked items will also contribute towards the growth of this segment in the overall market. The biggest advantage of using calcium propionate in baked items is that it prevents the formation of mold and rope, thereby prolonging the life of these goods.
Some of the important players operating in the calcium propionate market are Addcon Gmbh, Niacet Corporation, Macco Organiques Inc., Kemira, Perstorp Holdings AB, AB Mauri, ABF Ingredients, Ltd., A.M. Food Chemicals Co. Ltd., Chr. Hansen A/S, Cargill incorporated, and BASF SE. The research report profiles these players to provide a complete analysis of the competitive landscape along with the regulatory framework governing this market. Additionally, the research report also provides an assessment of the financial overview, research and development activities, business and marketing strategies, and strategic mergers and acquisitions of top players in the global calcium propionate market in the coming years.
Global calcium propionate market on the basis of:
Global calcium propionate market, by geography
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