Calcium Propionate Market Size is Estimated to Reach 0.48 Billion by 2030, Growing at a CAGR of 4.86% | Perstorp Holdings, Impextraco, Kemira, Niacet

Calcium propionate Market can be derived from a reaction of calcium hydroxide with propionic acid. The process can be natural as some types of butter and cheese contain this. It comes in various forms like powder, liquid, and compressed. For dairy products, animal feedstock, and agricultural applications, it finds application as a mold inhibitor. The Calcium Propionate Market Size was valued at USD 0.33 Billion in 2022. The Calcium Propionate industry is projected to grow from USD 0.35 Billion in 2023 to USD 0.48 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.86% during the forecast period (2023 - 2030). Market Research Future (MRFR) has clearly mentioned the possibilities of the market to attain better growth in the coming years.

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Several features like the ability to increase shelf-life, work against the varying storage condition triggered by temperature and humidity, high ingress in bakery, animal feed, and farming process, as nutritional supplements for pets, and anti-microbial nature are expected to make sure that the global calcium propionate market rises at a comfortable rate. Calcium propionate acts as a food preservative and is used to increase the shelf life of bakery products. The product is influenced by the varying storage conditions such as low temperature and humidity. Calcium propionate is cost-effective and has minimum toxin level. Also, the product has substantial traction from then pharmaceuticals and cosmetics segment.

List of the Key Companies in the Calcium Propionate Market Includes
M Food Chemical Co. Ltd
Calpro Foods
Eastman Chemical Company
Perstorp Holdings
Fine Organics
Kemin Industries Inc
Impextraco
Kemira
Macco Organiques Inc
Niacet
Among others.

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Segmentation:
The global calcium propionate market, as described in MRFR, can be segmented on the basis of applications. This report has its focus set on the growth factors that can be used later to increase the profit margin.

The application segment of the global calcium propionate market can be segmented into bakery products, dairy products, animal feed, agricultural applications, and others. The bakery segment is providing substantial traction to the market. Growing demand for food due to booming population is also expected to provide traction to segments like animal feed and agricultural applications.

Regional Analysis:

North America:
In North America, the calcium propionate market has witnessed steady growth, primarily driven by the region's thriving food and beverage industry. The demand for packaged and processed foods, coupled with the increasing awareness of food safety, has contributed to the widespread use of calcium propionate as a preservative. Additionally, stringent regulations regarding food safety and shelf life have propelled the market further. The United States, in particular, remains a key player in the North American calcium propionate market, with a robust presence of food processing units.

Europe:

Europe stands as a significant market for calcium propionate, fueled by the region's emphasis on clean-label and natural food products. The bakery industry, in particular, has been a major contributor to the demand for calcium propionate as an anti-mold agent. The European Union's stringent regulations on food additives have also influenced manufacturers to opt for calcium propionate as a safer alternative. Germany, France, and the United Kingdom are notable contributors to the growth of the calcium propionate market in Europe.

Asia-Pacific:

The Asia-Pacific region exhibits immense potential for the calcium propionate market, driven by the burgeoning population, increasing urbanization, and changing dietary habits. Growing concerns about food spoilage and the need for extending shelf life in emerging economies have accelerated the adoption of calcium propionate in the food and feed industries. China and India, with their expanding food processing sectors, lead the market in the Asia-Pacific region.

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Latin America:

Latin America has shown a gradual uptake of calcium propionate, with the market gaining traction in countries like Brazil and Mexico. The rise in disposable income, coupled with a shift towards convenience foods, has propelled the demand for calcium propionate in the region. The Latin American market is expected to witness further growth as food safety regulations become more stringent, fostering the use of calcium propionate as a preservative.

Middle East and Africa:

The Middle East and Africa exhibit a growing interest in calcium propionate, primarily driven by the region's expanding bakery and dairy industries. The awareness of food safety and the importance of shelf life extension have influenced the adoption of calcium propionate in various food products. South Africa, Nigeria, and Saudi Arabia are emerging as key markets in the region.

Key Findings of the Study
Europe is significant market for calcium propionate. The region's strong bakery industry, coupled with the increasing demand for clean-label and natural preservatives, drives the usage of calcium propionate in baked goods.
Based on application, the market is segmented was Dairy & Frozen Products to holding the largest market in 2022.
M Food Chemical Co. Ltd, Calpro Foods, Eastman Chemical Company, Perstorp Holdings, Fine Organics, Kemin Industries Inc, Impextraco, Kemira, Macco Organiques Inc, and Niacet.
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