The
global calcium propionate market is consolidated with the leading
players accounting for a substantial two third share in it. Some such
leading players are Niacet Corporation, Perstorp Holding AB, and
Kemira. These players have come to hold a prominent position in the
market through their solid distribution channels all across the
globe. They also hold a sway over the market because of their
diversified product portfolios. Most of them, however, are mainly
focused on supplying calcium propionate to bakeries.
A
report by Transparency Market Research predicts the global calcium
propionate market to rise at 4.9% between 2017 and 2023 to become
worth US$480.3 mn by 2023-end. The market was valued at US$360.4 mn
in 2017-end.
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PDF Brochure @
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Depending
upon applications or end use, bakeries currently generate maximum
demand in the global calcium propionate market. As per the TMR
report, the segment would clock almost US$270.3 mn in revenue by
2023-end. From a geographical standpoint, Europe has been seeing a
steady rise in demand in the calcium propionate market. This is
mainly in account of the rising demand for ready-to-eat foods in the
U.K., Italy, and France. Demand has also risen on account of curbs on
sales of other preservatives. By end of 2023, the Europe calcium
propionate market is expected to generate revenue to the tune of
US$175.9 mn, states our report.
Foremost
demand driver in the global calcium propionate market is the
increasingly hectic schedules of people. This has left them with
little time to cook elaborate meals in their kitchens thus leading to
surging demand for ready-to-eat foods, canned foods, and preserved
foods. All such kinds of food require preservatives such as calcium
propionate to prolong their shelf lives. The lead analyst of our
report explains in details, “Calcium propionate is a useful
anti-microbial preservative and is a great solution to the increasing
concerns for food-borne illnesses.”
Thus
calcium propionate is being used in various areas such as dairy,
animal feed, meat processing, packaged food products, beverages,
grain protection, and plant pesticides apart from bakery products.
Besides, the lesser manufacturing cost is also helping to boost the
market.
Despite
its numerous uses, the global calcium
propionate market is running into headwinds owing to the
surging demand for fresh foods sans additives and preservatives. This
is because of the rising tribe of health conscious consumers and
advice by doctors to consume fresh healthy stuff for good health.
Despite such hiccups, the global calcium propionate market is
predicted to grow because of its preference over sodium propionate.
A
noticeable trend in the global calcium propionate market is the
shifting of gaze towards the under tapped and high growth Asia
Pacific market by keen players. This would help them overcome the
challenge of sluggish sales in saturated advanced markets.
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