The
trend that the food, beverages, and dairy industries are currently
feeding-off is packaged products. Urban populations have a restless
lifestyle and their percentage is propelling, owing to the progress
that emerging economies such as BRICS nations are exhibiting.
Collectively, the demand for organic ingredients that can extend the
shelf-life of consumable-products is on an upward curve, helping the
manufacturers to cater to a wider range of customers. Calcium
propionate makes for a viable alternative, acting as a food additive,
preservative, and antimicrobial agent. According to the findings of
this this research study, the demand in the calcium propionate market
will increment at notable CAGR of 4.9% during the forecast period of
2017 to 2023. Revenue-wise, the global calcium propionate market is
estimated to be worth US$480.3 million by the end of 2023, mounting
from the market’s evaluated value of US$360.4 million as of 2017.
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While
the calcium propionate market is gaining traction from the increasing
demand for convenience foods, factors such as stringent government
regulations and growing preference of fresh food products over
preserved food are a few restraints holding the progress. The analyst
of the report has foreseen the animal feed industry to open newer
opportunities for the stockholders connected to the value chain of
the calcium propionate market.
Application-wise,
the this business intelligence report segments the calcium propionate
market into dairy, bakery, animal feed, meat processing, beverages,
packaged food products, and others including grain protection and
plant pesticides. Among these, as of 2017, bakery was the most
profitable application segment, generating a demand worth of US$207.1
million. Calcium propionate can be easily mixed with flour and
prevents microbes from producing the energy they need. Calcium
propionate is a widely used preservative in bread and baked goods.
Other grain foods that are preserved with calcium propionate include
pasta breakfast cereals, and noodles. It prevents formation of rope
and mold and extends the normal shelf life of bread and baked goods.
While
the bakery industry is expected to remain the most prominent importer
of calcium propionate in the near future, packaged food products
segment is primed to expand at an above-average CAGR of 5.6% during
2017 to 2023.
Region-wise,
this report takes stock of the potential of demand for calcium
propionate that can be expected out of North America, Asia Pacific
(APAC), Europe, and the Rest of the World, including Latin America,
the Middle East, and Africa. Currently, the Europe calcium
propionate market is most lucrative, producing a demand worth
of US$134.8 million in 2017 and projected to expand at a CAGR of 4.5%
during 2017-2023. Among various application-segments, bakery is
estimated to be worth US$99.0 million in the European region. North
America and Asia Pacific have been identified as other two key
regions in this market.
One
of the featured section of this report is on the vendor landscape,
wherein a number of prominent companies of the calcium propionate
market have been profiled for their stronghold over the market in
terms of shares, geographical presence, and recent strategic
decisions. Some of the prominent players in the global calcium
propionate market are Perstorp Holding AB, Kemira, and Niacet
Corporation.
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