Calcium Propionate Market Insights
The global calcium propionate market is expected to grow at a substantial CAGR over the forecast period. This growth can be attributed to rising application of calcium propionate as preservatives in bakery products, dairy products, and feed among others. Along with this, benefits associated with calcium propionates such as its anti-microbial nature for killing bacteria, fungi, and algae are also likely to foster market growth over the coming years.
Moreover, growing health concerns coupled with increasing changes in consumer lifestyle is likely to stimulate the market for the product.
Rising demand for preservative-free natural products is likely to affect the profitability of the industry, acting as a potential market restraint.
Calcium Propionate Market: Form Insights
On the basis of form, the industry is segmented into dry and liquid calcium propionates. The market for the dry segment is expected to occupy the major share in the calcium propionate market over the forecast period. Dry calcium propionate does not affect the leavening action of baking powder. This can be attributed to factors such as better dispersion and ease in mixing.
Calcium Propionate Market: Application Insights
Calcium Propionate finds applications in food and feed segments among others. The food segment includes bakery products, dairy & frozen desserts, meat and fish & seafood products. The food segment is anticipated to dominate the market over the forecast period owing to increasing adoption of the product in bakery and dairy products. Along with this, rising consumption of bakery products such as bread in developing countries is also expected to fuel growth.
The feed segment is also anticipated to register a significant CAGR on account of rising demand for feed with superior shelf life.
Calcium Propionate Market: Regional Insights
The demand for calcium propionates is expected to grow at the highest CAGR in the North American region. Presence of key exporters and consumers of the product in the region coupled with growing demand for convenience foods is anticipated to boost demand for the product over the coming years.
Changing consumer lifestyle and growing demand for bakery products in Asia Pacific is also projected to stimulate the market growth. Demand is expected to rise from countries such as India, China, Malaysia and Hong Kong among others on account of increasing economic growth and rising standard of living.
Calcium Propionate Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase calcium propionates over the coming years. Some leading consumers of calcium propionates are CP Group, Cargill, BRF, Nestle, Danone, Arla Foods, Ainsleys, Au Bon Pain and Bruegger's.
Calcium Propionate Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Calcium Propionate Market Share & Competitor Analysis
Some of the players operating in the global calcium propionate market include Niacet Corporation, AB Mauri, ADDCON, Impextraco, Perstorp Holdings AB, Macco Organiques Inc., A.M. Food Chemicals Co. Ltd., Impextraco NV, Kemira and Addcon Gmbh.
In December 2017, Niacet Corp received a 15-year tax break approval by the Niagara County Industrial Development Agency for an expansion in Niagara Falls. This approval is anticipated to double the company's production of the food additive calcium propionate, which restrains mold and bacterial growth in bread and baked goods.
In April 2017, Bio-Vet Inc. announced its new formulation of QuadriCal calcium boluses. The product is an all-calcium bolus which includes four types of calcium: calcium chloride, calcium propionate, calcium lactate and calcium sulfate in order to provide rapid, intermediate and sustained calcium release.
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