Calcium Propionate - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Calcium Propionate Market is accounted for $243.02 million in 2018 and is expected to reach $468.30 million by 2027 growing at a CAGR of 7.6% during the forecast period. Some of the key factors influencing the market growth include increasing health concerns of consumers in the food industry, increasing demand for packaged and ready-to-eat food products and cost-effective preservation solutions. However, stringent regulations are restricting the market growth.
Calcium propionate is calcium salt of propionic acid soluble in methanol and ethanol but is insoluble in acetone and benzene. The chemical formula of calcium propionate is Ca(C2H5COO)2. Calcium propionate is used as a food additive and as a preservative for various food products such as bread & baked products, processed meat, whey, dairy products, and feed supplements. It acts as an antimicrobial agent and prevents bacterial and fungal growth.
On the basis of the form, the dry segment is anticipated to have significant growth during the forecast period, due to the factors such as ease of mixing and better dispersion throughout the food matrix. Additionally, dry calcium propionate does not affect the leavening action of baking powder in bakery products. Furthermore, the dry form has a longer shelf life, facilitates better dispersion throughout the food matrix, and enhances flavor.
By Geography, The North American region is expected to have considerable market growth during the forecast period. This region is one of the largest consumers and exporters of calcium propionate due to the wide and matured bakery market and high bread consumption. The market for calcium propionate in North America is fairly matured; hence, growth in this region is moderate.
Some of the key players in the global Calcium Propionate market are BASF SE, Addcon GmbH, Niacet Corporation, ZhengZhou Sino Chemical Co.,Ltd., A.M Food Chemical Co. Limited, Kemin Industries, AB Mauri, Merck KGaA, Perstorp Holdings AB, Chr. Hansen Holding A/S, Henan Chemsino Industry Co.,Ltd, The Dow Chemical Company, Macco Organiques Inc., Watson Inc., Cargill Corporation, and Krishna Chemicals.
• Compressed Form
• Food & Beverages
• Packaged Food Products
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o South Africa
o Rest of Middle East & Africa
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