USD 278 Million
Calcium Propionate Market Size, Share, Growth Analysis, By Form(Liquid and Dry), By Application(Bakery Products, Beverages, Animal Feed, Packaged Food), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2262 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Calcium Propionate Market Insights
Calcium Propionate Market size was valued at USD 278 Million in 2021 and is poised to grow from USD 292.73 Million in 2022 to USD 442.49 Million by 2030, at a CAGR of 5.3% during the forecast period (2023-2030).
The global calcium propionate market is a sector within the food additives industry that focuses on the production and distribution of calcium propionate as a preservative in various food products. Calcium propionate serves the purpose of extending the shelf life of food items by inhibiting the growth of mold and other microorganisms, thereby preventing spoilage. The market is driven by several factors, including the increasing demand for processed and packaged food products, the need for food safety and hygiene, and the growing consumer preference for convenience foods. One of the key driving factors in the calcium propionate market is the rising demand for processed and packaged food products. With changing lifestyles and busier schedules, consumers are increasingly relying on convenience foods that have a longer shelf life. Calcium propionate helps food manufacturers meet this demand by preventing the growth of mold and extending the freshness of baked goods, dairy products, and other food items. The market benefits from the expanding consumer base and the growing consumption of processed foods worldwide.
However, there are also restraining factors in the calcium propionate market. One such factor is the increasing preference for clean labels and natural food ingredients. As consumers become more health-conscious and concerned about synthetic additives, there is a growing demand for natural preservatives and clean label products. This shift in consumer preferences poses a challenge for the calcium propionate market, as some consumers may opt for alternatives to synthetic preservatives. Stringent regulatory standards, labeling requirements, and the need for extensive testing and documentation add complexity to the market.
Despite these challenges, there are significant opportunities in the calcium propionate market. The increasing awareness of food safety and hygiene, especially in emerging economies, presents opportunities for market growth. The demand for processed and packaged food products is expected to rise in these regions, driving the need for effective preservatives like calcium propionate. Furthermore, technological advancements in food preservation techniques and the development of natural preservatives offer opportunities for innovation and the expansion of the calcium propionate market.
The global calcium propionate market plays a vital role in preserving the freshness and extending the shelf life of food products. The market is driven by the demand for processed and packaged foods, food safety concerns, and consumer preferences for convenience. While challenges such as the preference for natural alternatives and regulatory compliance exist, opportunities lie in the growing consumer base, increasing food safety awareness, and technological advancements. The market continues to evolve as manufacturers strive to meet the changing demands of consumers and ensure the safety and quality of food products worldwide.
US Calcium Propionate Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Liquid
Fastest Growth
Liquid
Growth Rate
5.3% CAGR
Global Calcium Propionate Market ($ Bn)
Country Share for North America Region (%)
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Calcium Propionate Market Segmental Analysis
The global calcium propionate market is segmented on the basis of form, application, and region. By form, the market is segmented into Liquid and Dry. In terms of application, the market is segmented into bakery products, beverages, animal feed, packaged food, dairy & frozen desserts and meat, fish, and seafood products. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Calcium Propionate Market Analysis by Form
The Bakery Products segment holds the largest market share in the global calcium propionate market. This segment is driven by the widespread use of calcium propionate as a preservative in bread, cakes, pastries, and other baked goods. Calcium propionate helps to inhibit the growth of mold and extend the shelf life of bakery products, ensuring their freshness for a longer period. With the growing demand for bakery products worldwide, the use of calcium propionate in this segment has significantly increased. The Bakery Products segment captures a substantial portion of the market, accounting for approximately 40% of the overall calcium propionate market.
The Animal Feed segment is the fastest-growing segment in the global calcium propionate market. This segment is driven by the increasing focus on animal health and the need to prevent microbial growth in animal feed. Calcium propionate is added to animal feed to inhibit the growth of harmful bacteria and fungi, promoting the well-being and health of livestock. With the growing demand for high-quality animal feed and the rising awareness of animal welfare, the use of calcium propionate in the Animal Feed segment has experienced rapid growth. The segment has been growing at a remarkable rate of 12% annually, outpacing other segments in terms of market expansion.
Calcium Propionate Market Analysis by Application
The Dry form holds the largest market share in the global calcium propionate market. This segment is driven by the widespread use of dry calcium propionate in various food products and animal feed. Dry calcium propionate is easier to handle, store, and transport, making it a convenient choice for manufacturers and suppliers. It is commonly used in dry food formulations, such as bakery products, where it can be easily blended with other dry ingredients. With the growing demand for food preservation and the need for a longer shelf life in dry food products, the use of dry calcium propionate has significantly increased. The Dry form segment captures a substantial portion of the market, accounting for approximately 70% of the overall calcium propionate market.
The Liquid form is the fastest-growing segment in the global calcium propionate market. This segment is driven by the increasing demand for liquid calcium propionate in specific applications, such as liquid food products and animal feed. Liquid calcium propionate offers advantages in terms of ease of incorporation into liquid formulations and better dispersion in liquid-based systems. It is commonly used in liquid food products, such as beverages and sauces, where it can be easily mixed and incorporated. Additionally, the liquid form of calcium propionate is gaining popularity in certain animal feed applications due to its ease of handling and uniform distribution. The segment has been growing at a remarkable rate of 15% annually, outpacing the growth of the Dry form segment.
Global Calcium Propionate Market By Application
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Calcium Propionate Market Regional Insights
North America holds a significant share in the global calcium propionate market. This dominance is attributed to several factors. Firstly, North America has a well-developed food industry, including processed food and bakery sectors, which are major consumers of calcium propionate as a preservative. The region's robust food safety regulations and stringent quality standards drive the demand for calcium propionate to ensure product freshness and prevent spoilage. Additionally, the presence of key market players, advanced manufacturing capabilities, and technological advancements contribute to the region's dominance in the calcium propionate market.
Asia Pacific is experiencing the fastest growth in the global calcium propionate market. This growth is driven by several factors. Firstly, the region's expanding population, urbanization, and changing lifestyles have led to increased consumption of processed food products. As a result, there is a rising demand for calcium propionate as a preservative to extend the shelf life of these products. Additionally, the region's growing economies, such as China and India, have witnessed significant growth in the food and bakery sectors, further fueling the demand for calcium propionate. Moreover, the increasing awareness of food safety and the adoption of international quality standards in the region contribute to the rapid growth of the calcium propionate market in Asia Pacific.
Global Calcium Propionate Market By Geography
- Largest
- Fastest
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Calcium Propionate Market Dynamics
Calcium Propionate Market Drivers
Growing Demand for Processed Food
- The increasing consumption of processed food products, driven by changing lifestyles and urbanization, has been a key driver for the calcium propionate market. Calcium propionate is widely used as a preservative in bakery and packaged food products to extend their shelf life and prevent spoilage. The demand for calcium propionate has been fueled by the rising preference for convenient and ready-to-eat food items.
Stringent Food Safety Regulations
- Stringent food safety regulations and guidelines implemented by regulatory bodies worldwide have driven the demand for calcium propionate. These regulations emphasize the importance of food preservation and the prevention of microbial growth. Calcium propionate is recognized as a safe and effective preservative, complying with these regulations and providing an essential solution for food manufacturers to ensure product safety and quality.
Calcium Propionate Market Restraints
Health and Safety Concerns
- While calcium propionate is considered safe for consumption within specified limits, some consumers and advocacy groups have expressed concerns about potential health effects. These concerns primarily relate to allergic reactions, sensitivities, and potential side effects of consuming calcium propionate. As a result, consumer awareness and demand for clean label products with natural preservatives may restrain the growth of the calcium propionate market.
Fluctuating Raw Material Prices
- The calcium propionate market is influenced by the availability and price fluctuations of raw materials, such as propionic acid and calcium hydroxide. Variations in the prices of these raw materials can impact the overall production costs of calcium propionate, thereby affecting its market dynamics. Price volatility and supply-demand imbalances may pose challenges for manufacturers and impact the profitability of the calcium propionate market.
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Calcium Propionate Market Competitive Landscape
The global calcium propionate market features a competitive landscape with several key players striving to establish their market presence and cater to the increasing demand for calcium propionate as a food preservative. These companies engage in various strategies such as product innovations, expansions, partnerships, and acquisitions to gain a competitive edge and capture a larger market share. To maintain a competitive position, companies in the calcium propionate market focus on continuous product innovations and enhancements. They invest in research and development activities to improve the effectiveness, stability, and sensory attributes of calcium propionate as a preservative.
These innovations help companies meet the evolving demands of the food industry and address the specific needs of their customers. Expansion and geographical presence are also key strategies employed by companies in the calcium propionate market. They establish a strong market presence by expanding their distribution networks, opening new production facilities, and entering into strategic partnerships. This enables them to cater to regional demands efficiently and capture emerging market opportunities.
Calcium Propionate Market Top Player’s Company Profiles
- Niacet Corporation (US)
- BASF SE (Germany)
- Impextraco NV (Belgium)
- Fine Organics (India)
- AB Mauri (UK)
- Macco Organiques Inc. (Canada)
- Kemin Industries (US)
- Perstorp AB (Sweden)
- Cargill, Incorporated (US)
- Jungbunzlauer Suisse AG (Switzerland)
- Kemin Industries, Inc. (US)
- DSM Food Specialties B.V. (Netherlands)
- Hawkins, Inc. (US)
- Macco Organiques, Inc. (Canada)
- A.M. Food Chemicals Co., Ltd. (China)
- Shandong Tongtaiweirun Chemical Co., Ltd. (China)
- ADDCON Asia Private Limited (Singapore)
Calcium Propionate Market Recent Developments
- In May 2023, Kemira, a Finnish company that provides chemicals and services for the water, energy, and industrial markets, announced that it had acquired the calcium propionate business of Eastman Chemical Company. The acquisition is expected to strengthen Kemira's position in the global calcium propionate market.
- In April 2023, Perstorp Chemicals Pvt. Ltd., an Indian manufacturer of specialty chemicals, announced that it had increased its production capacity for calcium propionate. The increase in capacity is expected to meet the growing demand for calcium propionate in India.
- In March 2023, Macco Organiques Inc., a Czech Republic-based manufacturer of food additives, announced that it had received approval from the US Food and Drug Administration (FDA) for its calcium propionate product. The approval allows the company to sell its calcium propionate product in the United States.
Calcium Propionate Key Market Trends
- Clean Label and Natural Preservatives: The trend toward clean label and natural food ingredients has also influenced the calcium propionate market. Consumers are increasingly seeking products with fewer synthetic additives and a focus on natural preservation methods. This trend has driven the development and adoption of natural alternatives to calcium propionate, such as plant-based preservatives or fermentation-based solutions. Manufacturers are responding to this trend by offering clean label options to cater to consumer preferences.
- Technological Advancements: Technological advancements have played a crucial role in the calcium propionate market. Innovations in food processing and preservation techniques have led to the development of more effective and efficient ways to incorporate calcium propionate into food products. These advancements include improved formulation techniques, encapsulation technologies, and packaging innovations that enhance the stability and functionality of calcium propionate as a preservative.
Calcium Propionate Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global calcium propionate market analysis, it is used to prevent the growth of mold and extend the shelf life of various food products. The market analysis reveals that the demand for calcium propionate is driven by factors such as the increasing consumption of processed and packaged food, rising awareness of food safety, and stringent regulations governing food preservation. The market offers opportunities for growth due to the expanding food industry and the need for effective and safe preservatives. However, challenges such as the preference for natural alternatives and fluctuations in raw material prices can impact market dynamics. The market is characterized by key trends, including the demand for clean label products and advancements in preservation technologies. Overall, the global calcium propionate market plays a crucial role in ensuring food freshness and safety by inhibiting the growth of microorganisms, catering to the evolving needs of the food industry and consumer demands for longer shelf life and quality assurance.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 278 Million |
| Market size value in 2030 | USD 442.49 Million |
| Growth Rate | 5.3% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Calcium Propionate Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Calcium Propionate Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Calcium Propionate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Calcium Propionate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Calcium Propionate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Calcium Propionate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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