Calcium
propionate is an antimicrobial agent used for killing microorganisms
such as algae, bacteria, fungi, and viruses. Calcium propionate is
primarily used in bakery products as an ideal preservative. The
global
calcium propionate market is one of the promising segments of the
global preservatives market and is set for rapid expansion in the
years to come. The growing consumer preference towards canned food
and preserved food and their changing lifestyles are two of the
factors expected to propel the global calcium propionate market in
the near future. Considering the rise in the preference towards
hygienic and safe food products, leading players are anticipated to
introduce many new preserved food products that are ready to eat and
hygienic.
Calcium
propionate is less toxic as compared to many other food
preservatives, which is why it has gained global acceptance. Other
preservatives such as sodium propionate are very corrosive to the
skin, the eyes, and mucous membranes, whereas calcium propionate is
not. This and many other benefits of calcium propionate as a
preservative makes it an ideal choice for food manufacturers.
The
global calcium propionate market was valued at US$312.6 mn in 2014
and is expected to reach US$480.3 mn by 2023, progressing at a 4.90%
CAGR during the period between 2015 and 2023 owing to the rising
demand for preserved food products. In terms of volume, the global
calcium propionate market is anticipated to reach 302.2 kilo ton by
2023 and is expected to expand at a 4.40% CAGR from 2015 to 2023.
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Asia
Pacific to Drive Growth of Global Calcium Propionate Market
The
global calcium propionate market is segmented on the basis of
geography and application. By geography, the global calcium
propionate market is divided into Europe, Asia Pacific, North
America, and Rest of the World. In 2014, the global calcium
propionate market was dominated by Europe, followed by North America.
In 2014, Europe held a share of more than 37% in the global calcium
propionate market. The Europe calcium propionate market is expected
to mature in the near future due to high market penetration. However,
in the near future, Asia Pacific is expected to be the biggest
contributor to the global calcium propionate market.
Some
of the leading companies operating in the global calcium propionate
market are Niacet Corporation, Macco Organiques Inc., AB Mauri, A.M.
Food Chemicals Co. Ltd., Cargill incorporated, BASF SE, Kemira,
Perstorp Holdings AB, Addcon Gmbh, ABF Ingredients, Ltd., and Chr.
Hansen A/S.
Bakery
Segment Accounts for 58% of Global Calcium Propionate Market
By
application, the global calcium propionate market is classified into
beverages, dairy, bakery products, meat processing, animal feed,
packaged food products, and others. In 2014, the bakery products
segment held a dominant share of 58% in the global calcium propionate
market and is predicted to expand at a 4.50% CAGR during the period
between 2015 and 2023.
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