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.

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.)

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