As
per a research report recently published by Transparency Market
Research, the top players in the global
calcium propionate market possess a very strong distribution
chain across key regions of the world. Companies such as Perstorp
Holding also keep a diverse product offering to remain independent of
one product in terms of revenue generation. A lot of the players in
this market are primarily focused towards providing calcium
propionate to bakeries.
The
global market for calcium propionate is expected to reach US$480.3 mn
by the end of 2023. Its revenue is projected at a CAGR of 4.9% from
2015 to 2023 and is predicted to be valued at US$343.6 mn by the end
of 2016. The function of calcium propionate as a preservative has
found a massive scope of applications in bakeries. By the end of
2023, the application segment of bakery in the global calcium
propionate market is expected to reach a revenue of US$270.3 mn.
Europe
has been the steadiest in its demand for calcium propionate over the
years. By the end of 2023, Europe is expected to generate a revenue
of US$175.9 mn in its demand for calcium propionate. A large part of
this revenue is attributed to the growing demand for ready-to-eat
foods and preserved foods in France, the U.K., and Italy. The
consumption of calcium propionate in Europe has also been boosted by
the restrictions on other preservatives by REACH.
Enter
your information below to receive a sample copy of this report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2078
Meanwhile,
Asia Pacific is expected to show a high demand for calcium propionate
over the coming years. This region is showing a greater preference
towards calcium propionate due to the ban on several antibiotics in
various applications. North America is expected to show a sluggish
growth in its demand for calcium propionate till 2023.
Demand
for Convenience Foods, Consequently Calcium Propionate, on the Rise
“A
very common factor visible in all nations is an increasingly busy
lifestyle of the working class. A large number of people are invested
in this lifestyle and therefore need forms of sustenance that are
primarily easy to eat. This massive demand for preserved foods,
ready-to-eat foods, and canned foods is proportionately calling for a
greater volume of preservatives. At the moment, calcium propionate is
a solid option for most foods and especially bakery products,”
states a TMR analyst.
Calcium
propionate is great as an anti-microbial preservative and can be a
solid answer to the rising concerns over food-borne illnesses and
related health issues. Consumer are increasingly aware of the
possibility of contracting several diseases through consumption of
unsafe food, thereby creating a higher demand for preservatives and
anti-microbial additives. The case falls in the favor of calcium
propionate even further due to its relative cost-effectiveness in
manufacturing.
Growing
Demand for Fresh and Organic Foods Hampers Calcium Propionate Demand
There
is currently a high demand for fresh foods that are devoid of
preservatives and additives, owing to the health concerns linked to
their consumption. Consumers are steadily shifting their preference
towards fresh foods and consequently creating a fall in the demand
for calcium propionate and other preservatives. This restraint is
expected to have a medium level impact on the global calcium
propionate till 2023.
“The
use of calcium propionate over sodium propionate can be a key factor
that helps increase the demand for the former over the coming years.
Additionally, globally prominent manufacturers of calcium propionate
can now look to emerging economies from the Asia Pacific for massive
volumes of demand and future opportunities,” adds the analyst.
Perstorp
Holding AB, Niacet Corporation, and Kemira were three of the key
manufacturers and distributors of calcium propionate in 2015. The top
players in the global calcium propionate market held a share of
nearly two-thirds in value in 2014 and includes the above three
names.
No comments:
Post a Comment