Press release
North America Calcium Propionate Market to reach USD 116.87 million by 2021
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The Calcium Propionate market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the rise in awareness about feed as well as food safety and also the shelf life stability of feed additives, leading to an increase in demand for calcium propionate.
Calcium Propionate is a chemical compound which is used as preservative for baked goods. Calcium Propionate belongs to the antimicrobial category of preservatives. It has a variety of uses such as ensuring food and feed safety, improving the shelf life of feed and additives, and more.
Growing awareness regarding food preservation has led to a rapid growth in the market over recent years. Apart from this, other factors responsible for market growth include, cost effective solution to food safety, high investments in R&D recently, wide range of functions in product lines. Further, there are same factors which act as restraints. These include people’s increase in availability of preservatives free food products and demand for all natural product.
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The North America Calcium Propionate market is segmented by application and geography. The market segmentation based on application is done into processed food, dairy, bakery, feed, meat and others. Among these segments, bakery accounts for the largest share in the market, due to high rate of consumption of bakery products. On the basis of geography, the North America market is analysed under various regions namely United States and Canada. North America dominates the market share on the bases of geography, with a market share of almost 35%.
Addcon Gmbh, A.M. Food Chemicals Co. Ltd., Impextraco Nv, Fine Organics, Kemira Oyj, Krishna Chemicals, Niacet Corporation, Macco Organiques Inc., Perstorp Holding Ab are some of the major companies dominating the Calcium Propionate market.
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