The global
calcium propionate market was valued at US$ 264.0 Mn in 2017 and is anticipated
to expand at a CAGR of 5.3% from 2018 to 2026, according to a new report titled
‘Calcium Propionate Market: Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2018–2026,’ published by Transparency Market Research
(TMR). The global calcium propionate market is primarily driven by the rise in
demand for calcium propionate as preservative in bakery, meat processing, and
packaged food products.
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Increase in
Demand for Calcium Propionate as Food Preservative to Drive Market
Global expansion
in the preserved food industry is boosting the demand for calcium propionate,
as calcium propionate acts as an antimicrobial agent to kill microorganisms
such as bacteria, algae, viruses, and fungi. Thus, it prolongs the shelf life
of food products. For instance, growth in demand for bakery products in Canada
and rapid development in the bakery industry in Southeast Asia are key factors
expected to drive the global calcium propionate market. Studies indicate that
calcium propionate is one of the safest food additives used in the food
industry. The U.S. Food and Drug Administration has not placed any limitations
on the use of calcium propionate in foods. Besides baked goods, it is commonly
employed as preservative in processed cheese, chocolate products, and fruit
preservatives. Furthermore, the tobacco industry has been utilizing calcium propionate
as preservative in some of the products. Since the last few years, the food
& beverages industry has been focusing on using natural preservatives to
meet the demands of health conscious consumers.
Increase in Need
for Convenience Foods Creates Demand for Calcium Propionate
Busy lifestyles
have led to a rise in demand for easily consumable products that are not
affected by bacteria. However, the alarming rise in health issues faced by
consumers has made them aware of the benefits of healthy and nutritive
convenience food products. The need to minimize the intake of fats and calories
is influencing the demand for specific functional food variants. Calcium
propionate is considered to be one of the additives that avoids the spoilage of
food products, especially during transportation. It possesses antimicrobial
properties that improve efficiency and processing tolerance, and extend the
shelf life of various food products. Thus, increase in demand for calcium
propionate is anticipated to boost the calcium
propionate market in the near future.
Bakery Segment to
Dominate Global Calcium Propionate Market
Based on application,
the global calcium propionate market has been segmented into bakery, dairy,
meat processing, animal feed, beverages, packaged food products, and others.
Bakery was the major segment of the market in 2017. It is expected to dominate
the market during the forecast period. Calcium propionate includes calcium ions
that interfere with the chemical leavening agents present in bacteria and
yeast, which are the key ingredients of bakery products. Calcium propionate can
be mixed into flour easily. Flour is the key ingredient of bakery products.
Calcium propionate prevents microbes from producing the energy they need. It 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. Calcium propionate prevents the formation of rope and mold and extends
the shelf life of bread and baked goods.
Europe Dominates
Global Calcium Propionate Market
Based on region,
the global calcium propionate market has been segregated into North America,
Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe led
the global market in 2017. The market in the region is estimated to expand at a
steady pace during the forecast period due to the high demand for calcium
propionate in various industries such as bakery, dairy, and animal feed. Rise
in number of industries in Asia Pacific and high demand for calcium propionate
in developing countries are the key factors hampering the development of the
market in Europe. Demand for calcium propionate is poised to increase further
in Europe due to the ban imposed on antibiotics in some applications. Demand
for preserved products in North America has been increasing owing to the
stringent food security regulations and rise in usage of these in
livestock-based products.
The global
calcium propionate is driven by the expansion in end-use industries. Rise in
quality animal feed products and increasing need for animal feed grain
preservation are boosting the global calcium propionate market.
High Degree of
Competition among Market Players
High degree of
competition exists among players operating in the global calcium propionate
market. The market is dominated by large players and is moderately
consolidated. Major players account for more than 65% share of the market.
These key players include Perstorp Holding AB, Niacet Corporation, Kemira,
Macco Organiques Inc., and AB Mauri. Perstorp Holding AB produces and supplies
calcium propionate in North America, Latin America, Europe, Africa, and Asia
Pacific.
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