Press release
Calcium Propionate Market to Reach USD 487.0 million, at a 3.9% CAGR By 2031
The Calcium Propionate market is anticipated to witness significant growth from 2023 to 2031, driven by increasing demand across various industries such as food and beverages, animal feed, and pharmaceuticals. Calcium Propionate, a calcium salt of propionic acid, is widely used as a preservative to extend the shelf life of food products and prevent microbial spoilage. With evolving consumer preferences and stringent regulations governing food safety, the Calcium Propionate market is poised for robust expansion over the forecast period.The global calcium propionate market is estimated to flourish at a CAGR of 3.9% from 2023 to 2031. According to Transparency Market Research, sales of calcium propionate are slated to total US$ 487.0 million by the end of the aforementioned period of assessment. Evolving consumer dietary habits, specifically the rise in gluten-free and low-carb diets, spur demand for calcium propionate in alternative flour and grain-based products.
Advancements in livestock farming practices prompt increased usage of calcium propionate in animal feed to maintain animal health and productivity. The market also sees traction from the pet food industry, leveraging calcium propionate for its preservative properties in pet treats and feed formulations, addressing pet owners' concerns regarding pet health and food safety.
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Market Segmentation
By Service Type:
Calcium Propionate Powder
Calcium Propionate Liquid
By Sourcing Type:
In-house Production
Outsourced Procurement
By Application:
Food and Beverages
Animal Feed
Pharmaceuticals
Others
By Industry Vertical:
Bakery and Confectionery
Dairy and Frozen Desserts
Meat, Poultry, and Seafood
Agriculture
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Regional Analysis
North America: Dominated by stringent food safety regulations and the prevalence of processed food consumption, North America is expected to witness significant growth in Calcium Propionate demand.
Europe: The region is characterized by increasing consumer awareness regarding food additives and preservatives, driving market growth in the food and feed industries.
Asia Pacific: Rapid urbanization and changing dietary preferences are fueling the demand for Calcium Propionate in the Asia Pacific region, particularly in emerging economies like China and India.
Latin America, Middle East & Africa: These regions are witnessing a gradual uptake of Calcium Propionate owing to the expanding food and feed industries and improving standards of living.
Market Drivers and Challenges
Drivers:
Increasing demand for extended shelf-life food products
Stringent regulations governing food safety and quality
Growing adoption of Calcium Propionate in animal feed formulations
Rising consumer awareness regarding food additives and preservatives
Challenges:
Concerns regarding the potential health risks associated with Calcium Propionate consumption
Competition from alternative preservatives and antimicrobial agents
Fluctuating prices of raw materials
Market Trends
Clean Label Movement: Consumers are increasingly demanding natural and clean label food products, driving the demand for Calcium Propionate as a safe and effective preservative.
Technological Advancements: Ongoing research and development activities are focused on enhancing the efficacy and stability of Calcium Propionate formulations.
Expansion of Application Areas: Calcium Propionate is finding new applications in the pharmaceutical and agricultural sectors, opening up new avenues for market growth.
Future Outlook
The Calcium Propionate market is poised for significant growth in the coming years, driven by increasing concerns regarding food safety, the growing demand for processed foods, and the expansion of the livestock farming industry. As regulatory bodies emphasize the use of safe and effective preservatives, the demand for Calcium Propionate is expected to soar across various industries globally.
Key Market Study Points
Understanding regulatory requirements and compliance standards governing Calcium Propionate usage
Assessing consumer preferences and market trends in the food and feed industries
Analyzing technological advancements and innovations in Calcium Propionate formulations
Identifying key growth opportunities in emerging markets and industry segments
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Competitive Landscape
The Calcium Propionate market is characterized by intense competition among key players, with a focus on product innovation, quality, and safety. Leading companies in the market include Niacet Corporation, Perstorp Holdings AB, Macco Organiques Inc., Impextraco NV, and Kemira Oyj, among others.
Recent Developments
Niacet Corporation introduced a new line of Calcium Propionate formulations with improved stability and efficacy.
Perstorp Holdings AB announced investments in research and development to develop sustainable Calcium Propionate solutions.
Macco Organiques Inc. expanded its Calcium Propionate production capacity to meet growing market demand.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
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