Calcium Propionate Market Growing Rapidly with Latest Trend and Future scope with Top Key Players and Forecast 2029

Calcium propionate are the preservatives that are added to food to keep it fresh by preventing bacteria and mold from growing on it. It is used in meat, baking, and dairy products. Calcium propionate is also an antimicrobial agent that kills microorganisms like algae, viruses, and bacteria. The product's popularity is growing due to its low cost in comparison to other preservatives. The implementation of strict rules and regulations governing food safety and shelf life is likely to be a major impediment to market growth in the near future. However, rising health concerns and changing lifestyles have increased the use of calcium propionate in recent years, which will offset impediments and favor market growth during the forecast period. Furthermore, rising player partnerships and acquisitions are expected to strengthen the market during the forecast period. For instance:  Kerry Group, a nutrition company announced its acquisition of Niacet in 2021.

According to Marketlook Consulting’s research report “Global Calcium Propionate Market Analysis, 2021”, the Global Calcium Propionate market is anticipated to grow at a CAGR of 5.7% during 2022-29. The market would reach USD 513.9 Mn by 2029.

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Based on Form Type, it is segmented into Dry and Liquid. The dry form grabbed the considerable market share in 2021. Moreover, the segment would witness a significant CAGR during the forthcoming years as well.

Based on the Application Type, the Calcium Propionate market is Bakery Products, Dairy & Frozen Products, Pharmaceuticals and Cosmetics, and Others. The bakery products sector dominated the calcium propionate market in 2021 ascCalcium propionate is frequently used in bread manufacturing.

“Global Calcium Propionate Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Calcium Propionate providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

 North America Dominated the Market

The analysis predicts that North America will dominate the global calcium propionate market during the forecast period. The dominance of the market can be attributed to the region's rising demand for processed foods. According to a study published in BioMed Central Ltd., approximately 36% of US adults consume ready-to-eat food. During the forecast period, such a large percentage of the population is expected to make a significant contribution to the development of the regional market as stated in the Marketlook Consulting research report “Global Calcium Propionate Market Analysis, 2021”. 

According to Marketlook Consulting’, the key players with a considerable market share in the global Calcium Propionate market are A.M Food Chemical Co. Ltd (China), Calpro Specialities (India), Eastman Chemical Company (US), Perstorp Holdings AB (Sweden), Fine Organics (India), Kemin Industries Inc. (US), Impextraco NV (US), Kemira (Finland), Macco Organiques Inc. (Canada), Niacet (US).

Market Segmentation:

1. By Form Type (Dry, Liquid)
2. By Application Type (Bakery Products, Dairy & Frozen Products, Pharmaceuticals and Cosmetics, Others)
3. By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
4. By Company (A.M Food Chemical Co. Ltd (China), Calpro Specialities (India), Eastman Chemical Company (US), Perstorp Holdings AB (Sweden), Fine Organics (India), Kemin Industries Inc. (US), Impextraco NV (US), Kemira (Finland), Macco Organiques Inc. (Canada), Niacet (US))

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Key questions answered in the study:

1. What are the current and future trends of the Calcium Propionate industry?
2. How the industry has been evolving in terms of form and application type?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Calcium Propionate industry?
5. What is the customer orientation, purchase behavior, and expectations from the Calcium Propionate firms across various regions?

 

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