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Calcium Propionate Market Size, Industry Share | Forecast 2028

Calcium Propionate Market Size, Industry Share | Forecast 2028

The global calcium propionate market size is expected to reach USD 399.1 million by 2028, at a CAGR of 5.3% during the forecast period 2022 to 2028. An organic salt called calcium propionate is created when calcium hydroxide reacts with propionic acid. There are two different forms of this compound: crystalline and powder. Calcium propionate has a property that makes it soluble in water and barely soluble in alcohol. Due to its capacity to prevent the formation of mold and other microbes, it is used as a preservative in a variety of baked foods. Although calcium propionate is not poisonous to these organisms, it does stop them from procreating and posing a threat to human health.

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The Calcium Propionate Market Growth Factors:
The potential of calcium propionate in new product lines like feed supplements, antimicrobials, and preservatives, increasing customer health concerns in the food industry, growing preference for longer shelf-life bakery products as well as economic preservation, and changing consumer behavior affecting food consumption are the market-driving factors for calcium propionate. Additionally, there are other variables that could have a negative impact on the market, including high raw material costs, an increase in demand for food products free of artificial preservatives, a growing preference for fresh food goods, rigorous regulations, and alternative competition. The calcium propionate sector is significantly being impacted by the COVID-19 epidemic. The worldwide chemical industry is currently experiencing an excess due to a lack of demand. Movement restrictions seem to have an immediate and direct result, and it is anticipated that once the forced social distance disappears, everything will return to normal.

The Calcium Propionate Market Segmentation:
The global Calcium Propionate Market on the basis of Form, the market is segregated into Powder, Liquid, and Compressed Form. On the basis of Application, the market is categorized into Animal Feed, Bakery, Meat and Processed Meat, Pesticides, Dairy Products, and Others.

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The Calcium Propionate Market Regional Analysis:
Due to the high accessibility of plastic raw materials and the rising popularity of packaged convenience foods in various stores, which necessitates more food bags in order to load food conveniently and transport it throughout the region, the U.S. is the market leader for calcium propionate in North America. The Asia Pacific area will expand quickly throughout the course of the projection period. Consumption is rising as a result of increased urbanization, rising purchasing power, economic expansion, and many more variables, among others. In addition to these elements, manufacturers are heavily investing in developing nations like China, India, Australia, and many others.

The major key players in the Calcium Propionate Market report are 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), Kemira Oyj (Finland), ADDCON GmbH (Germany)

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