Calcium Propionate Market Global Top Key Players 2018 Trends - A-M chemicals, ADDCON, Fine organics, Kemira Oyj, Impextraco NV, Krishna Chemicals, Niacet, Cargill Incorporated, BASF SE, Triveni Chemicals, Kemin Industries and Eastman Chemical Company

Calcium propionate is synthesized by reaction of calcium hydroxide with propionic acid, and it also occurs naturally in some types of butter and cheese. It is available in various forms in the market such as powder, liquid, and compressed. Its use as a mold inhibitor is desirable in various dairy products, animal feedstock, and agricultural applications. Calcium propionate acts as a food preservative and is used to increase the shelf life of the bakery products. The product is influenced by the varying storage conditions such as low temperature and humidity. Thus, changing climatic conditions is further influencing the market growth. Apart from the baked products, it is used as a food additive in wines, vinegar, soy sauce, and others. Additionally, it prevents milk fever in cows and provides nutritional supplement for dogs, cattle, and horse. The agricultural applications of the compound include its use as a pesticide and fungicide. It is also used as a leavening agent for delaying the fermentation in bakery products. It exhibits anti-microbial nature, which makes it useful in the pharmaceuticals and cosmetics industry.

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The growing food industry is anticipated to fuel the global calcium propionate market during the forecast period. The changing food consumption pattern coupled with disposable income is expected to boost the calcium propionate market. Moreover, increasing demand for the processed and ready-to-eat food is likely to fuel the market growth in the coming future. Calcium propionate is cost-effective and relatively less toxic as compared to other substitutes such as sorbates and sulfites, which may further drive the market growth. Surging demand for the product in pharmaceuticals and cosmetics to inhibit microbial growth and prevent spoilage is also anticipated to favor the market growth during the years to follow. However, the shifting consumer patterns away from the consumption of food containing chemical additives and preservatives may hamper the market growth in the coming years.

Segmentation

The Global Calcium Propionate Market is segmented on the basis of Applications and Region.

On the Basis of the Application, the Global Calcium Propionate is categorized into bakery products, dairy products, animal feed, agricultural applications, and others.

Regional Analysis

The Global Calcium Propionate Market is spanned across five key regions Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

North America is the largest consumer of Calcium Propionate accounting for around 35% of the global market share. Countries such as the U.S and Canada are the major contributors to this regional market due to the high production and consumption of bakery and rush hour food products such as noodles and pasta.

Europe is the second largest region in terms of market share following North America. European Calcium Propionate Market is likely to witness a considerable growth due to the growing awareness of food safety and needs to increase the shelf life of the food products amongst the people. Countries such as the U.K, France, Italy, Germany, and Spain are the major contributors to the market growth in this region.

Asia Pacific is the fastest emerging region in this market with the surging demand for calcium propionate on the backdrop of the increasing population and changing habits of food consumption in countries such as China, India, Japan, and Australia.

Followed by Asia Pacific, Latin America and the Middle East and Africa are expected to contribute significantly to the growth of the market during the review period. Developing countries namely Brazil and South Africa in Latin America and the Middle East & Africa are anticipated to join hands with the leading regions due to the significant growth of the foods & beverages and agrochemicals industries.

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