Global Calcium Propionate Market: Overview
Calcium propionate is also known as calcium propanoate and has the molecular formula Ca(C2H5COO)2. Calcium salt of the propanoic acid is calcium propionate. Calcium propionate is used as a food preservative in a wide range of food products which includes processed meat, baked goods including bread, dairy products which include whey. In the agricultural segment, the calcium propionate is used as food supplement and is given to cows for prevention of milk fever. Unlike benzoates, the propionates prevent the microbes to produce energy which is required by them. The propionates do not require any acidic requirement like benzoates.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Calcium Propionate Market: Segmentation
The global calcium propionate market is segmented into its applications and regions. Based on the application, the calcium propionate market is segregated into feed, meat & processed meat, bakery, dairy, and other food products. Region-wise, the calcium propionate market is diversified into Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa.
Global Calcium Propionate Market: Growth Factors
The global calcium propionate market is growing owing to the changing preferences of the consumers for the food products. The growing awareness about the health along with the changing lifestyle of the people has increased the demand for the calcium propionate. Calcium propionate is used as a preservative in bread, baked products, processed meat, and many other dairy products. It acts as an antimicrobial agent in order kill microorganisms such as viruses, bacteria, algae, and fungi. Hence, its demand is increasing in the market thus triggering the market growth. Animals are given calcium propionate as a food supplement. The increasing food preservative sector is increasing the demand of calcium propionate in the global market. It is a very cost effective product when compared to other substitutes such as sulphites, sorbates, and others, hence its demand is increasing in the market. The factors that act as a hindrance to the market growth is the shift in trend to use natural products and the high prices of the propionic acid with its limited availability are restraining the market growth.
Global Calcium Propionate Market: Regional Analysis
Europe is the leading consumer of the calcium propionate market and is going to continue to do so in the coming years. The increasing demand of calcium propionate from the countries such as UK, Italy, and France is triggering the growth of the market. The reason for this increased demand is the high rate of consumption of the convenient food by the working class people on the daily basis. The demand for the calcium propionate is also high owing to the use of calcium propionate in different applications where previously banned antibiotics were used. North America also has the huge demand for the calcium propionate but is going to slow down in the coming years owing to the demand for fresh fruits and organic foods. Owing to its cost effective nature, the Asia Pacific calcium propionate market is also growing.
Global Calcium Propionate Market: Competitive Players
The key market players in the calcium propionate market include Addcon GmbH, Niacet Corporation, Macco Organiques Inc., AB Mauri, Kemira, Perstorp Holdings AB, A.M. Food Chemicals Co. Ltd., Krishna Chemicals, and Impextraco NV.
Global Calcium Propionate Market: Regional Segment Analysis
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