Calcium Propionate Market Globally Expected to Drive Growth through 2023

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.

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.

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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.

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.

The information presented in this review is based on a Transparency Market Research report, titled, “Calcium Propionate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

Key Takeaways:

• The applications of calcium propionate in the bakeries is expected to reach US$270.3 mn globally by 2023.
• Europe is expected to continue leading the demand for calcium propionate, which is expected to reach US$140 mn by 2023 in revenue.
• The global market for calcium propionate is expected to achieve an overall revenue US$480.00 mn.

Calcium Propionate Market: Demand for Convenience Foods, Consequently Calcium Propionate, on the Rise

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.

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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.

Global Calcium Propionate Market: Burgeoning Demand in Bakery Applications Drives Growth Prospects, says TMR

Transparency Market Research (TMR) observes that key players in the global calcium propionate market have a strong focus towards research and development (R&D) activities in order to expand their product portfolio. For instance, in September 2015, Niacet Tiel inaugurated a newly renovated laboratory with new testing equipment for research in food products. Other prominent participants in the global market are AB Mauri, Kemira, Perstorp Holding AB, and Macco Organiques Inc.

“Besides R&D, key players are paying high attention to strengthening distribution channel and introducing products that are in line with protean customer requirements,” says TMR’s lead analyst. The global market for calcium propionate had a valuation of US$343.6 mn in 2016 and is estimated to rise to US$480.3 mn by 2023, progressing at a 4.9% CAGR between 2015 and 2023.

Europe to Lead Revenue Generation through 2023

Based on application, bakery will continue to dominate the market until 2023, representing over 56.0% of its value. Calcium propionate prevents the formation of mold and rope and boosts the normal shelf life of bread and other baked products, thereby triggering its adoption in bakery products. It is also used in grain protection and plant pesticides. Demand for calcium propionate in these applications is expected to increase over the coming years. As a result, the other segment is poised to expand at a noteworthy CAGR during the forecast period.

Geographically, Europe will be the frontrunner in the global arena throughout the review period. The growing demand for preserved food and the increasing number of bakeries in the region are fuelling the market. The Rest of the World segment is anticipated to register a CAGR of 6.8% during the same period, with Brazil and South Africa being the sights of high growth rate. The rising concerns regarding food hygiene and preservation along with the changing food habits of the populace in emerging countries are contributing to the growth of the segment.

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Swelling Demand for Convenience Foods Triggers Adoption

“Busy lifestyles of consumers are creating a staggering volume of demand for convenience food products that have a high shelf life. However, there is also an increasing health consciousness among consumers, which is motivating them to consume healthy and nutritive convenience food products,” says a TMR analyst. These factors are resulting in soaring demand for safe food additives, thereby augmenting the global calcium propionate market.

Calcium propionate is considered to one of the safest and an ideal antimicrobial agent for bakery items to restrict the growth of molds and other microorganisms. In addition, its cost-effectiveness provides it an edge over their substitutes, including sorbates and sulfites. Owing to these factors, the demand for calcium propionate is likely to witness significant boost.

Shift in Preference towards Fresh Food Takes its Toll on Market Growth

Despite busy lifestyles of people, the rising sense of health consciousness is prompting them to shift towards fresh food from preserved food. This trend is hindering the widespread adoption of food preservatives and additives, thereby hampering the growth of the global calcium propionate market. Furthermore, stringent government regulations across different countries pertaining to the usage of preservatives are keeping the market from realizing its utmost potential. TMR analyst observes that safety standards are stricter in developed countries than developing countries. Thus, over the forthcoming years, key players are expected to shift their focus towards emerging countries in order to maximize their revenue.

The above data has been derived from the report by TMR, titled “Calcium Propionate Market (Application - Bakery, Dairy, Meat Processing, Animal Feed, and Plant Pesticides and Grain Protection) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015-2023.”

The global calcium propionate market is segmented as follows:

Global calcium propionate market, by Application

• Bakery
• Dairy
• Meat processing
• Animal Feed
• Beverages
• Packaged food products
• Others (Plant pesticides and grain protection etc.)

Global Calcium Propionate Market: Imperative Need to Improve Shelf-life of Food Items Spikes Demand, Says TMR

The top three players in the global calcium propionate market, Niacet Corporation, Perstorp Holding AB, and Kemira, held a two-third share in the market in 2014. Transparency Market Research states that the leading players are expected to develop excellent distributions chains to improve product penetrations and sales says Transparency Market Research. Companies are also expected to focus on building a strong product portfolio in the coming years to strengthen their means of revenue generation.

According to the research report, the global calcium propionate market was valued at US$343.6 mn by the end of 2016. By the end of 2023, the global market is expected to touch revenue worth US$480.3 mn as it promises to expand at a CAGR of 4.9%. Increasing adoption of calcium propionate in baking is expected give the global market a significant boost. Owing to this reason, the baking application segment in the overall market is slated to reach a revenue of US$270.3 mn by the end of 2023.

Stringent Regulations about Food Preservatives Up Calcium Propionate Consumption in Europe

Geographically, the global calcium propionate market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The regional market of Europe is expected to expand at a steady pace in the coming years as it promises to generate a revenue of US$175.9 mn by the end of 2023. The emergence of the Europe calcium propionate market will be attributable to the high demand for ready-to-eat food items across Italy, the U.K., and France. The demand in this regional market will be fueled by the high consumption of preserved food items and stringent regulations imposed by REACH about using other preservatives.

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Demand for Ready-to-Eat Meals Spurs Growth of Global Calcium Propionate Market

The changing lifestyles that are characterized by no time for eating wholesome meals has triggered a wave of concern amongst urban dwellers. The food and beverages companies have offered a simple solution to this conundrum with packaged and ready-to-eat meals that come in a wide range of preparations. Thus, the rising consumption of quick meals has raised the demand for calcium propionate as it an imperative preservative used for preventing food contamination. This anti-microbial preservative is being used for averting food-borne illnesses and related issues. Thus, the rising worries about food related health issues are likely to increase the consumption of calcium propionate in the near future.

Its cost-effectiveness is also expected to have a positive impact on the global market. It is extensively being used for storing grains and making food items such as noodles, pastas, and breakfast cereals. Calcium propionate also finds application in preparation of animal feed, meat processing, certain beverages, packaged food items along with bakery food items.

Emerging Trend of Eating Healthy and Fresh Food Items to Challenge Global Market

On the flipside, the demand for calcium propionate is likely to suffer as consumers are opting for fresh food items. Increasing focus on improving lifestyles and cutting down on the consumption of junk food and packaged food items has considerably hampered the global market. The rise of the health and fitness conscious consumers is projected to have a negative impact on the overall market.

The review is based on Transparency Market Research’s report, titled “Calcium Propionate Market (Application - bakery, dairy, meat processing, animal feed and others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

Key segments of the Global Calcium Propionate Market

Global calcium propionate market, by Application Type

• Bakery
• Dairy
• Meat processing
• Animal Feed
• Beverages
• Packaged food products
• Others (Plant pesticides and grain protection etc.)

Global Calcium Propionate Market: Growing Emphasis on Consumption of Nutritional Food Products to Create Opportunities, says TMR

The global calcium propionate market is led by key players such as AB Mauri, Perstorp Holding AB, Macco Organiques Inc., Niacet Corporation, and Kemira. Players such as Perstorp are expanding their product portfolio through the segmentation of semi-specialty and specialty products by considering factors such as high-quality grades, tailored packaging, new applications, and distribution. The company maintains a balanced product portfolio to avoid dependence on any one of the end-markets. On the other hand, Niacet Corporation is focusing on research and development in order to develop their product portfolio. Many companies are acquiring other companies so as to develop their production capacity, states a new report by Transparency Market Research (TMR).

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According to the report, the global calcium propionate market is anticipated to rise from US$327.7 mn in 2015 to US$480.3 mn to 2023. The market is expected to expand at a CAGR of 4.9% from 2015 to 2023. On the basis of application, the bakery segment will lead in the market and account for 56.3% by 2023. This is because calcium propionate can be easily mixed with flour, which is one of the key ingredients of bakery products. By region, Europe will continue to lead, accounting for 36.6% in 2023.

Increasing Demand for Convenience Foods Driving Market

The busy lifestyles of people have resulted in a need for easily consumable products that are not affected by bacteria. As such, the demand for convenience foods is increasing. Additionally, the growing consumption of bakery food items will also drive the demand for calcium propionate. This is because calcium propionate is a commonly used additive for avoiding spoilage of food products during transportation and for extending their shelf life. In addition to this, calcium propionate enhances the flavor of food items, needs to be used in minimal quantities, and is less toxic. Moreover, it is a cost effective solution over substitutes such as sorbates and sulfites. Owing to these factors, the demand for calcium propionate is expected to drive the growth of the market.

Increasing Preference for Fresh Food Products over Preserved Food to Deter Market’s Growth

A shift in consumer preference toward fresh food owing to increasing focus on natural and healthy diet routine is leading to a decline in the demand for calcium propionate. This is because consumers are opting for food products devoid of preservatives and additives. Sringent regulations across different countries regarding the use of preservatives is restraining the growth of the market. Moreover, certain food preservatives are banned in different parts of the world, which can also pose a threat for the growth of the market.

R&D and Product Innovation to Strengthen Demand for Calcium Propionate

Growing health concerns among consumers regarding the consumption of healthy food products are anticipated to create opportunities for growth in the calcium propionate market. Since calcium propionate is being used as an anti-fungal agent and it also enriches the nutritional value of the food, it is expected to be increasingly popular in the coming years. Companies are also undertaking many research and development activities to enable product innovation. The development of newer products is anticipated to boost the demand for calcium propionate and aid the growth of the global market. Additionally, the growing demand from Asia Pacific, South America, and the Middle East will also aid the growth of the market.

This information is based on the findings of a report published by Transparency Market Research, titled “Calcium Propionate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

The global calcium propionate market is segmented as follows:

Application

• Bakery
• Dairy
• Meat processing
• Animal Feed
• Beverages
• Packaged food products
• Others (Plant pesticides and grain protection etc.)

Calcium Propionate Market:High Demand in F&B Sector Attributed to Shifting Consumption Patterns, reports TMR

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.

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.

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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.

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.

The information presented in this review is based on a Transparency Market Research report, titled, “Calcium Propionate Market by Application (bakery, dairy, meat processing, animal feed and others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

Key Takeaways:

• The applications of calcium propionate in the bakeries is expected to reach US$270.3 mn globally by 2023.
• Europe is expected to continue leading the demand for calcium propionate, which is expected to reach US$140 mn by 2023 in revenue.
• The global market for calcium propionate is expected to achieve an overall revenue US$480.00 mn.

Calcium Propionate Market Revenue to Account for US$480.3 mn by 2023

Global calcium propionate market was valued at USD 327.7 million in 2015 and is expected to reach USD 480.3 million by 2023, growing at a CAGR of 4.9% over the forecast period 2015 to 2023. Calcium propionate is largely used in bakery products like bread, cakes, rolls, and other yeast-based products, and various other items such as animal feed, meat & processed meat products, dairy products, packaged food products such as condiments, sauces, jam, diet food, chocolate, soups, salads etc, beverages and various other products.In addition, rising prices of animal feed products is another major concern to preserve feed grains, in order to avoid their spoilage and improve animal performance. Apart from this, busy lifestyles have resulted in rising demand for ready to eat food products that are not easily affected by bacteria. However, the alarming rise in health issues faced by consumers has made them aware of consuming healthy and nutritive convenience food products. The need to minimize the intake of fats and calories influences the rising demand for various functional food variants. In addition, calcium propionate is considered to be one of the safest additives that are utilized in various food products to avoid the spoilage of food products especially during transportation. Calcium propionate has anti-microbial properties that improve efficiency and processing tolerance and extend shelf life of different food products. Owing to these factors, the demand for calcium propionate is expected to drive the growth of the market over the forecast period.

Other influencing factors such as cost effectiveness and new product offerings through research and development are fueling the market for calcium propionate, globally. Increasing demand for natural preservatives is a major factor for market growth. Increased research and development to find new application segments is expected to offer huge growth opportunity for the industry. Thus, all the above mentioned factors are expected to fuel the growth of this market globally. However, in spite of all these driving factors behind the growth of the calcium propionate market, stringent regulations across different countries regarding the usage of food and feed preservatives (pertaining to food safety and quality) is anticipated to restrain the global market of calcium propionate.

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In the report, the calcium propionate market is segmented into by application types and by geography. Based on application type, the calcium propionate market is segmented into bakery, dairy, meat processing and animal feed, packaged food products and beverages among others. Others application segment include plant pesticides and grain protection products etc. The calcium propionate market has witnessed diversified trends across different regions including North America, Europe, Asia Pacific and Rest of the World (RoW). Geographically, Europe held the largest market share in 2014 and is expected to grow steadily due to growing demand from leading markets such as the France and U.K., while Italy and Germany have emerged as the key test markets for new products. Europe market has reached maturity due to their high penetration levels and saturated end-products market. Rising demand for preserved, easy to make food in France U.K., Italy, and Germany is expected to drive growth of the calcium propionate market in the region. Growth of the calcium propionate market in Europe has been aided by new product introductions in calcium propionate application sector. North America held the second largest market share in 2014. U.S. and Canada have emerged as the key calcium propionate market in North America. Product innovation through continuous research and development is another factor driving the growth of the calcium propionate market in North America. Major calcium propionate manufacturing companies are engaged in innovation of new products which can improve the effectiveness of calcium propionate as an antimicrobial agent to prolong the shelf life of products.

Other regions such as Asia-Pacific, the Middle East and Africa, and Latin America are quickly adopting calcium propionate owing to change in lifestyles. Across different regions, rising population and busy lifestyle are the major factors fueling the demand for preserved food where calcium propionate is widely used. Worldwide the calcium propionate market is set to display strong gains overall due to growth in emerging markets such as China, India, Brazil and Russia.

Key players in the calcium propionate market include Niacet Corporation, Kemira, Macco Organiques Inc., Perstorp Holdings AB, AB Mauri, Addcon Gmbh, A.M. Food Chemicals Co. Ltd., ABF Ingredients, Ltd., Cargill incorporated, Chr. Hansen A/S and BASF SE among others.

Global Calcium Propionate Market to Reach US$480.3 mn by 2023, Propelled by Rising Demand for Preserved Food

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.

Global Calcium Propionate Market to Rise at CAGR of 4.9% 2015-2023; Applications in Bakery Segment Boost Growth

Transparency Market Research has recently published a new research report, titled “Calcium Propionate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”. The research report highlights the various drivers and restraints and threats and opportunities present in the global calcium propionate market. According to the research report, the global calcium propionate market is expected to reach US$480.3 mn by 2023 from US$312.6 mn in 2014, surging at a CAGR of 4.9% from 2015 to 2023 in terms of revenue. Volume-wise this market is expected to rise at a CAGR of 4.4% from 2015 to 2023 to reach 302.2 kilo tons by 2023.

Calcium propionate is the calcium salt of propionic acid and it is an exceptionally important food additive as it acts as an antimicrobial agent. It is often used as a preservative in baked items as it kills microorganisms such as algae, bacteria, fungi, and viruses. It is also used as a food supplement to prolong the shelf life of several food items.

In the near future, the global calcium propionate market is expected to witness a surge in demand due to growing consumer preference for baked items. Owing to the fact that calcium propionate happens to be far more cost-effective than other types of preservatives, it is expected to gain accelerated momentum. The ongoing research and development activities to formulate newer techniques that improve applications of calcium propionate to prolong shelf life will also drive this market in the coming few years.

The global calcium propionate market is segmented on the basis of application and geography. The applications of calcium propionate are seen in the bakery, dairy, animal feed, meat processing, packaged food products, beverages, and other sectors such as grain protection and pesticides. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.

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Out of all the application segments of calcium propionate, the bakery segment held a sizable share of 58% in the overall market in 2014. Between 2015 and 2023, the bakery segment is expected to surge at a CAGR of 4.5%. The main factor supporting this growth rate will be the ability of calcium propionate to mix easily with flour. Furthermore, the growing usage of calcium propionate as a preservative in bread and other types of baked items will also contribute towards the growth of this segment in the overall market. The biggest advantage of using calcium propionate in baked items is that it prevents the formation of mold and rope, thereby prolonging the life of these goods.

Some of the important players operating in the calcium propionate market are Addcon Gmbh, Niacet Corporation, Macco Organiques Inc., Kemira, Perstorp Holdings AB, AB Mauri, ABF Ingredients, Ltd., A.M. Food Chemicals Co. Ltd., Chr. Hansen A/S, Cargill incorporated, and BASF SE. The research report profiles these players to provide a complete analysis of the competitive landscape along with the regulatory framework governing this market. Additionally, the research report also provides an assessment of the financial overview, research and development activities, business and marketing strategies, and strategic mergers and acquisitions of top players in the global calcium propionate market in the coming years.

Global calcium propionate market on the basis of:

By Application Type

• Bakery
• Dairy
• Meat processing
• Animal Feed
• Beverages
• Packaged food products
• Others (Plant pesticides and grain protection etc.)

Global calcium propionate market, by geography

North America

• U.S.
• Canada
• Mexico

Europe

• U.K.
• France
• Italy
• Rest of Europe

Asia-Pacific

• China
• Australia
• India
• Rest of Asia-Pacific

Rest of the World (RoW)

• Latin America
• Middle East
• Africa

Calcium Propionate Market Revenue to Account for US$480.3 mn by 2023, Growth Attributable to Rising Demand for Preserved Food

Calcium propionate acts as an antimicrobial agent for killing microorganisms such as bacteria, algae, viruses, and fungi and is considered as an ideal bakery preservative. Calcium propionate market is a promising segment within the preservatives market. In addition, it is utilized in feed supplement to prolong shelf life of products. Growing demand for preserved food is expected to be a major driver for the calcium propionate market during the forecast period. The market is likely to witness considerable growth in the coming years with the huge market potential, and growing consumer preference across the world. In addition, it is a cost effective solution as compared to the other preservatives, which is a major factor that drives the market. In addition, organized and extensive research has resulted in improved formulation techniques, enhanced application methods, and prolongs shelf life capabilities. Owing to the increasing preferences towards safe and hygienic foods, and extended shelf life products among consumers, calcium propionate market have witnessed a surge in demand during the past few years. This trend is expected to continue during the upcoming years.

In comparison with other preservatives calcium propionate is less toxic. In addition, other preservatives for instance, sodium propionate is very corrosive to the eye, skin, and mucous membranes, whereas calcium propionate is not an irritant. Consumers, growing desire for preserved foods is one of the key factors that drive the increasing demands for calcium propionate. Furthermore, the application of advanced food processing techniques drives the expansion of food production and new product development in diverse segments such as dairy products, animal feed, processed meat, ready-to-eat food products, sauces, salads etc., and this is likely to spur the growth of the market. Growing health awareness coupled with changing consumer lifestyle has prompted the use of calcium propionate in the past few years. It finds application majorly as a preservative in bakery products including bread, baked products, processed meat, and various dairy products.

In this report, the global calcium propionate market is categorized into two segments: (i) by application and (ii) by geography. Based on application type, the calcium propionate market is bifurcated into bakery, dairy, meat processing, animal feed, beverages and packaged food products among others. Others application segment include plant pesticides and grain protection products. Based on geography, the global calcium propionate market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). In 2014, Europe held the largest share of the calcium propionate market followed by North America, Asia Pacific, and Rest of the World (RoW) while, Asia Pacific is expected to be the fastest growing region during the next six years. In addition, Europe is expected to maintain its leading position during the forecast period.

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Under the scope of the report, major driving factors along with restraints, and opportunities (DROs) of the calcium propionate market are covered. The research study highlights the ongoing market trends and provides details forecast for the period from 2015 to 2023. The report also covered the current market position for global calcium propionate, and highlighted future market trends that are likely to affect its demand. Based on geography, the market has been segregated into North America, Europe, Asia Pacific, and Rest of the World (RoW). Furthermore, each region is segregated into major country to highlight the respective market share of calcium propionate in each country. The study covers the entire major developed as well as developing countries across the world. The size and forecast for these markets for the period from 2015 to 2023 has been provided in the report.

The report covers details analysis of different driving and hindering factors of the calcium propionate market. Under the scope of the report, the market attractiveness analysis highlights the key investing areas in this industry that would help the major market players to formulate their business decisions accordingly. The report also provides the company market share analysis of key players operating in the biopesticides domain. Some of the key players in this market include Niacet Corporation, Kemira, Macco Organiques Inc., Perstorp Holdings AB, AB Mauri, Addcon Gmbh, A.M. Food Chemicals Co. Ltd., ABF Ingredients, Ltd., Cargill incorporated, Chr. Hansen A/S and BASF SE among others.

The scope of the study presents a comprehensive evaluation of the stakeholder strategies and winning imperatives for them by segmenting the global calcium propionate market as below:

Global calcium propionate market,

By Application Type

• Bakery
• Dairy
• Meat processing
• Animal Feed
• Beverages
• Packaged food products
• Others (Plant pesticides and grain protection etc.)

In addition the report provides cross-sectional analysis of all the above segments with respect to the following geographical markets:

Global calcium propionate market, by geography

North America

• U.S.
• Canada
• Mexico

Europe

• U.K.
• France
• Italy
• Rest of Europe

Asia-Pacific

• China
• Australia
• India
• Rest of Asia Pacific

Rest of the World (RoW)

• Latin America
• Middle East
• Africa