Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1394 Million | USD 1920.12 Million | 3.4% | 2024 |
The global calcium inosinate market size was worth around USD 1394 Million in 2024 and is predicted to grow to around USD 1920.12 Million by 2034 with a compound annual growth rate (CAGR) of roughly 3.4% between 2025 and 2034.
The report analyzes the global calcium inosinate market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the calcium inosinate industry.
Calcium inosinate is a salt based on calcium and falls under nucleoside inosine. As per the European numbering system for food additives, it has been termed E633. It is widely used as a flavor enhancer and a food additive. The final taste of any product is not just determined by the presence of the aromas in the original mixture and additional flavorings, but it is influenced by other agents like flavor enhancers or also known as taste enhancers.
The compounds do not have any taste of their own but simply intensify the taste of the food product they are added to when mixed in the right proportions. They are generally amino acids and nucleoids based. A food additive is a substance that is added to a particular food item, aids the prevention of the flavor, and helps in enhancing qualities like texture, and appearance.
Globalization to propel market growth
The global calcium inosinate market is projected to grow owing to rising globalization and modernization which has brought various food cultures together and is more accessible resulting in more people consuming food items that are, otherwise, not a part of regular diet forms. Modernization has also increased the awareness rate amongst consumers about the presence of various ingredients from across borders and their health benefits causing a rising trend of increase in restaurants offering cuisines from across countries.
For instance, Sushi, a traditional Asian cuisine, is mostly consumed in Japan, China, and Korea and gained worldwide popularity. As of 2022, there are more than 16000 sushi restaurants in the United States, which is 3.6% higher than the number of sushi-selling units in 2021. There is a significant rise in the income capacity of the population which is related to modernization and higher job availability, consequentially increasing the disposable income of families even in developing economies, allowing them to explore food items that are not stable in the country or region
Nonuniform take of governments on taste enhancers to restrict market expansion
The global market cap is expected to witness restricted growth owing to the nonuniformity of the use of taste enhancers and calcium inosinate in the food industry. While some countries allow producers to use calcium inosinate, in established quantities only and it is highly regulated by responsible regional authorities, some countries have prohibited the use of the compound as a food additives citing health concerns. A globally standardized directive is required relating to the use of calcium inosinate as international food manufacturers face issues when dealing with cross-country production of food products
A growing number of restaurants provide expansion opportunities
The hotel industry has been a significant part of globalization. Even though the sector took a major hit during the pandemic and is recovering from the losses as of current times, it is projected to grow in the coming year if the focus lies on product innovation and sustainable ways of growth. As the hotel and restaurant sector grows, so will the demand for calcium inosinate owing to its flavor-enhancing capabilities. For instance, full-service restaurants are expected to grow at a CAGR between 9 to 11% in the coming five years.
Health concerns related to overconsumption of food additives to challenge market growth
The global calcium inosinate market is expected to face major challenges owing to the health concerns raised by the various regional food regulatory bodies over the prolonged consumption of external food additives and taste enhancers, especially in infants and children. There is a growing number of people choosing non-processed food items and products in their natural forms since they offer better health results which may lead to lesser demand for artificially generated calcium inosinate.
The global calcium inosinate market is segmented based on application, end-user, and region
Based on application, the global market segments are oil & fats, spreads, canned & semi-cooked products, ready-to-eat, and desserts. The market is led by canned and semi-cooked products. As of 2020, more than 217 million of the American population is known to consume canned food items
Based on end-user, the global market is divided into food manufacturing companies, hotels, cafes, and others, with food manufacturing companies generating the highest revenue. Danone, a food manufacturing giant registered a revenue of USD 28.3 billion in 2020
Report Attributes | Report Details |
---|---|
Report Name | Calcium Inosinate Market |
Market Size in 2024 | USD 1394 Million |
Market Forecast in 2034 | USD 1920.12 Million |
Growth Rate | CAGR of 3.4% |
Number of Pages | 199 |
Key Companies Covered | The TNN Development Ltd., Gulshan Polyols Ltd. (GPL), Triveni Interchem Pvt. Ltd., Nanjing Jiayi Sunway Chemical co., A.M. Food Chemical (Jinan) co., Ltd., Henan Fengbai Chemical Co., Ltd., Qingdao Develop Chemistry Co., Shenyang Kinetika Biotech Co., Ltd., Ltd., Shaanxi Top Pharm Chemical Co., Ltd., and Hugestone Enterprise Co., Ltd., and others. |
Segments Covered | By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to generate the highest CAGR in the coming years
The global calcium inosinate market is projected to grow significantly in Asia-Pacific driven by the presence of a number of players in China, owing to the rising food consumption demand as a consequence of the increasing population and rising number of middle-income groups. China is on the way to becoming a global leader with self-reliance as one of the driving mottos for economic growth which has resulted in the government investing heavily across sectors. For instance, in 2009, the Chinese government spent around USD 356 billion on food per capita while the number increased to USD 814 billion in 2018.
Some of the other emerging economies may also register significant growth owing to the increasing demand for packaged food influenced by easy accessibility and variety of the products offered. North America may witness slow growth since the United States has banned the use of food additives.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the calcium inosinate market on a global and regional basis.
The global calcium inosinate market is dominated by players like:
By Application
By End-User
By Region
FrequentlyAsked Questions
Leading players in the global calcium inosinate market include The TNN Development Ltd., Gulshan Polyols Ltd. (GPL), Triveni Interchem Pvt. Ltd., Nanjing Jiayi Sunway Chemical co., A.M. Food Chemical (Jinan) co., Ltd., Henan Fengbai Chemical Co., Ltd., Qingdao Develop Chemistry Co., Shenyang Kinetika Biotech Co., Ltd., Ltd., Shaanxi Top Pharm Chemical Co., Ltd., and Hugestone Enterprise Co., Ltd., among others.
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