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.
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.
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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:
By
Application Type
- Bakery
- Dairy
- Meat processing
- Animal Feed
- Beverages
- Packaged food products
- Others (Plant pesticides and grain protection etc.)
Global
calcium propionate market, by geography
North
America
- U.S.
- Canada
- Mexico
Europe
- U.K.
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- Australia
- India
- Rest of Asia-Pacific
Rest
of the World (RoW)
- Latin America
- Middle East
- Africa
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