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Global Calcium Propionate Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Calcium Propionate Market
Global calcium propionate market was valued at US$ XX Mn in 2017 and expected to grow at 7.1% Compound Annual Growth Rate (CAGR) over the 2017 to 2023.
Market Outline: Global Calcium Propionate Market
Calcium propionate is a food additive, which acts as an antimicrobial agent and also used as preservative in the food products. Calcium propionate is prepared by the reaction of calcium hydroxide and propionic acid. It is majorly used in the animal feed, dairy products, and agriculture applications as mold inhibitors that enhances the shelf life of the products. Moreover, calcium propionate is a source of calcium and provide energy for dairy transition cows.
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Market Dynamics: Global Calcium Propionate Market
Increase in the demand for quality and fresh food products coupled with change in consumer lifestyle are expected to promote the growth of global calcium propionate market over the forecast years. Moreover, rise in number of food and feed companies, low cost of calcium propionate compared with other preservatives, broad applications of the products such as pesticide for plants, and rise in demand for processed food are anticipated to bolster the global calcium propionate market. However, stringent regulations regarding the quality and safety of foods, rise in competition from other salts of propionic acid such as sodium propionate, and consumer preference towards the organic and fresh food over preserved foods may hamper the growth of global calcium propionate market over the forecast years.
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Market Scope: Global Calcium Propionate Market
Global calcium propionate market is segmented based on form and application
Based on the form, the market is segmented into the following:
• Powder
• Liquid
• Compressed form
Based on the application, market is segmented into the following:
• Animal Feed
• Bakery
• Meat and Processed Meat
• Pesticides
• Dairy Products
• Others
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Regional Analysis: Global Calcium Propionate Market
Geographically, global calcium propionate market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America calcium propionate market has a lucrative growth, which is attributed to rise in demand for processed food products and increase in the number of animal feed companies in the region. Europe calcium propionate market is poised to grow at significant rate owing to maturity of the end user industries and increase in the expenditure for processed food products due to change in lifestyle. Asia Pacific calcium propionate market has a prominent share due to increase in the animal adoption rate, growth in agriculture farming, and growing demand for quality food products in the region.
Competition Assessment: Global Calcium Propionate Market
Some of the players in the global calcium propionate market include:
• ADDCON GmbH (Germany)
• Kemira Oyj (Finland)
• Fine organics (India)
• AB Mauri India Pvt.Ltd. (India)
• Kemin Industries, Inc. (USA)
• Impextraco NV (Belgium)
• Perstorp Holding AB (Sweden)
• Eastman Chemical Company (U.S)
• Niacet Corporation (U.S.)
• BASF SE (Germany)
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