Global Calcium Propionate Market to Reach US$ 568.5 Mn by 2029
The global calcium propionate market is projected to reach US$ 568.5 Mn by the end of 2030. The market was valued at US$ 300 Mn in 2020. If these figures hold true, the market will exhibit a CAGR of 6.6% between 2020 and 2030. Factors such as an increase in demand for clean-label food items with extended shelf-life and the cost-effectiveness of calcium propionate relative to other preservatives drive the growth of the calcium propionate markets.
Key Research Findings
- The global calcium propionate market is projected to reach US$ 568.5 Mn by the end of 2030. The market was valued at US$ 300 Mn in 2020.
- In the forecast period the growing food industry is expected to fuel the calcium propionate market.
- Calcium propionate is commonly used as a preservative in bread around the world.
- Changing lifestyles to impact people's food consumption habits and hence the calcium propionate demand is expected to improve.
- Hygienic and fresh food issues among consumers will help the market expand.
- Rising food industry in China and India is expected to increase calcium propionate demand in developing regions in the coming years.
- North America holds the largest market share in the global demand for propionate calcium, led by Europe.
- Calcium propionate demand is growing from emerging markets, such as Asia Pacific and Latin America.
KEY FACTORS SHAPING CALCIUM PROPIONATE MARKET
Bakery Products to Drive Demand
Calcium propionate is an ideal preservative for bakery products. High bread consumption per capita, coupled with the cultural shift from traditional meals to bread based meals such as sandwiches together drive the demand for bread bakery products. Hence among the different food & beverage products, bakery products and particularly bread will present lucrative growth opportunities for market players.
Asia Pacific to Present Remunerative Opportunities
Developing countries in Asia Pacific such as India, China, and Indonesia are witnessing an increase in adoption of quick meals. Clean label food & beverage products that come with long shelf-lives are gaining consumer traction. Simultaneous increase in the disposable income of consumers and multiplying middle class population in Asia Pacfic will continue to generate revenues for market players during the forecast period.
COVID-19 Impact Analysis on Market
The world is looking at a recession, economic performance is expected to decline in the quarter of June 2020, and inflation for FY21 is expected to be significantly lower — these would take on both corporate earnings and stock prices. Global financial markets that sailed cheerfully on equal winds of liquidity, filled with global central banks, were abruptly struck by a giant wave of sales that caused stocks to plunge and left investors breathless. The market for calcium propionate has responded with significant drops to the recent unpredictability, causing a big slump in the market.
Calcium Propionate Market Structure Analysis
- Some of the major companies in the market include Perstorp Holdings AB, Macco Organiques Inc., AB Mauri, Kemira and Niacet Corporation. Other companies are Addcon Gmbh, Krishna Chemicals, A.M. Food Chemicals Co. Ltd., Impextraco NV, etc.
- Participants in the industry are expected to invest in research and development to extend product lines and functionality.
- The introduction of new products will help manufacturers expand their product range and provide the business with a new market.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Value (USD) Mn
Form, Application and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
Addcon Gmbh, A.M. Food Chemicals Co. Ltd., Fine Organics, Impextraco Nv, Kemira Oyj, Krishna Chemicals, Macco Organiques Inc., Niacet Corporation, Perstorp Holding Ab, BASF SE, The Dow Chemical Company, Eastman Chemical Company, KEMIN Industries, Daicel, Hawkins, Triveni chemicals, Mubychem Group, U.K. Vet Chem., WBCIL
Revenue forecast, company share, competitive landscape, growth factors, and trends
Dry Calcium Propionate to be In High Demand
Food and beverages industry is expected to exhibit demand for calcium propionate. Based on application, in the food industry, calcium propionate is highly used in bakery and packaged food segments. Because of the high bread consumption per capita, the growth of the bread market, particularly in developing economies, fuels demand for calcium propionate. The food category is further subdivided into bakery, meat, fish and seafood products, dairy & frozen desserts, and others. Because of the calcium propionate properties, the bakery products segment is expected to lead the market in inhibiting the chemical leavening agents in yeast and bacteria, the main component of bakery products, among all food applications.
Furthermore, in terms of form, the dry category is forecast to hold dominance. The trend is likely to remain constant through the course of the forecast period.
Economic Expansion to Offer Major Growth Opportunities in Developing Nations
North America and Europe are developed markets that have already hit saturation with regards to the demand for propionate calcium. Compared to Asia Pacific, Middle East & Africa and Central & South America, these markets are projected to expand at relatively lower growth rates, therefore. On the other hand, Asia Pacific is projected to see the highest growth because of the development of the food industry in China and India. These countries have undergone rapid changes in consumer lifestyle affecting their food and consumption habits which, in effect, are expected to rise highly in the market. It is expected that Brazil, India, Russia and China will see strong growth and income over the forecast period. Over the forecast era, Middle East & Africa is expected to show significant growth. The forecast period is expected to experience strong growth in Central & South America. The global demand for calcium propionate is fragmented with top five firms responsible for a significant market share.
Changing Lifestyle Aiding in Growth
A key factor driving growth of the global calcium propionate market is growing demand for calcium propionate from food industry. Furthermore, evolving lifestyle coupled with growing demand for packaged and ready-to-eat food items are other factors expected to significantly accelerate the growth of the global market over the forecast period. The food industry has started using natural calcium propionate to make it as healthy as propionic acid organic calcium chloride, developed by fermentation with a selected propionibacterium strain, to eat. The food industry also makes use of advanced technologies such as bacteriophages, MAP and alternative preservation methods combined with preservatives to preserve food quality and health.
Strict laws and regulations on food safety and shelf-life, however, have ensured that manufacturing companies are keen to find the right terminology to provide customers with the best food product, and preservatives play a key role in this dimension. It is important to review local and national legislation for permissible applications and dosage rates. Strict quality and food safety regulations are expected to curb the development of the global calcium-propionate industry.
Dry segment held lion’s share in the market
Liquid segment to remain the second-lead
Food segment holds dominance
Feed segment to rise at a higher CAGR
How Growth will Unfold
The calcium propionate market is the largest category of world preservatives. Despite of the high cost of raw materials this sector faces challenges. This aspect is dealt with strategically in the study, and greater focus is placed on its commercial applications and future business opportunities. Increasing R&D investment, especially in North America and Europe's developed economies, is expected to yield market participants growth opportunities. Moreover, growth in processed food markets, especially in India and China's emerging economies, is also expected to provide immense opportunities for growth in the industry. Growing safety issues coupled with changing consumer habits have recently prompted the use of calcium propionate.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Calcium Propionate Market: Global Industry Analysis 2015 - 2019 & Opportunity Assessment 2020 - 2030
A recent market study published by Future Market Insights on the Calcium Propionate market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Calcium Propionate market, the growth prospects of the market are obtained with maximum precision.
Calcium Propionate Market Taxonomy
The global Calcium Propionate market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Meat processing
- Animal feed
- Packaged food products
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Calcium Propionate market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Calcium Propionate market.
Readers can find the detailed segmentation and definition of the Calcium Propionate market in this chapter, which will help them understand basic information about the Calcium Propionate market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Calcium Propionate market report.
The associated industry assessment of the Calcium Propionate market is carried out in this section. The macroeconomic factors affecting growth of the Calcium Propionate market are provided in this section and the impact of these macroeconomic indicators on the Calcium Propionate market is analyzed. The processing overview and technological advancements in the Calcium Propionate market is also provided.
Profit margins at each level of the Calcium Propionate market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Calcium Propionate market.
The drivers and restraints impacting the growth of the Calcium Propionate market are explained in this chapter. Opportunities and ongoing trends in the Calcium Propionate market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Calcium Propionate market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 – 2021) and incremental opportunity for the forecast period (2020-2030).
Based on Application, the Calcium Propionate market is segmented into Dry and Liquid. In this chapter, readers can find information about key trends and developments in the Calcium Propionate market and market attractiveness analysis based on raw material
Based on Application, the Calcium Propionate market is segmented into bakery, dairy, meat processing, animal feed, beverages, packaged food products, and others. In this chapter, readers can find information about key trends and developments in the Calcium Propionate market and market attractiveness analysis based on raw material.
This chapter explains how the Calcium Propionate market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Calcium Propionate market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Calcium Propionate market in Latin America. This chapter also includes growth prospects of the Calcium Propionate market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Calcium Propionate market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Calcium Propionate market.
This chapter includes a detailed analysis of the growth of the Calcium Propionate market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Calcium Propionate market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Calcium Propionate in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Calcium Propionate market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Calcium Propionate market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Niacet Corporation, Kemira, Macco Organiques Inc., Perstorp Holding AB, AB Mauri, A.M Food Chemical Co. Limited, Addcon GmbH, ABF Ingredients, Cargill Corporation, Chr. Hansen Holding A/S, BASF SE, The Dow Chemical Company, Impextraco, Kemin Industries, Macco Organiques, Bell Chem, Associated British Foods plc, Fine Organics, Real S.A.S., Kemira Oyj, Eastman Chemical Company, Daicel and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Calcium Propionate report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Calcium Propionate market.
How the research was conducted?
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