The global Calcium Propionate market stood at approximately 300 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 5% during the forecast period until 2034.
Calcium propionate, a calcium salt of propionic acid, finds diverse applications across multiple industries due to its potent antimicrobial properties. Primarily, it serves as a crucial preservative in the food industry, particularly in baked goods like bread, cakes, and pastries. By inhibiting the growth of molds and fungi, calcium propionate extends the shelf life of these products, ensuring they remain fresh for longer periods and reducing food waste. In the animal feed sector, it serves a similar purpose, enhancing the quality and safety of feed by preventing mold growth and maintaining nutritional integrity. Calcium propionate addresses a significant challenge in the baking industry by combating mold and bacterial proliferation. Employed as a food supplement, it prolongs the durability of numerous items across a broad spectrum of products, encompassing bread, assorted baked goods, processed meats, whey, and various dairy products. Beyond the food and feed industries, calcium propionate also plays a role in pharmaceutical formulations. As an antimicrobial agent, it helps preserve the integrity and efficacy of certain medications, contributing to their stability and shelf life. Moreover, calcium propionate finds applications in cosmetics, where it serves as a preservative in various formulations, ensuring product safety and longevity.
The widespread use of calcium propionate is driven by its effectiveness in inhibiting the growth of microorganisms, its safety for consumption, and its regulatory approval in many countries. As consumer preferences shift towards products with extended shelf lives and manufacturers seek ways to meet stringent quality standards, the demand for calcium propionate continues to rise. Furthermore, as industries expand globally, particularly in emerging markets, the demand for calcium propionate is expected to increase, driven by the need for effective preservatives to maintain product quality and safety throughout the supply chain. The growing appetite for convenient, pre-prepared foods such as pizzas, toast, hotdogs, and burgers is experiencing a notable surge in demand. This uptick is expected to have a positive impact on the market in the foreseeable future. Factors such as a growing global population are identified as key drivers fuelling market expansion. Additionally, the burgeoning meat industry and heightened awareness regarding the safe preservation of meat is anticipated to further drive product demand, thereby fostering industry growth in the forecast period. The global Calcium Propionate market is likely to reach approximately 520 thousand tonnes in 2034.
The global calcium propionate market is geographically divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In North America, the calcium propionate market demonstrates lucrative growth, driven by heightened demand for processed food items and the proliferation of animal feed companies in the region. Similarly, the European calcium propionate market is expected to witness significant expansion, propelled by the maturity of end-user industries and a rise in expenditure on processed food products due to lifestyle changes. Meanwhile, the Asia Pacific calcium propionate market commands a notable share, driven by an increase in the adoption of animals, growth in agriculture farming, and a rising demand for high-quality food products across the region. With a swiftly increasing population and higher disposable incomes, there's a surge in demand for packaged and processed foods, necessitating preservatives such as calcium propionate. Urbanization and evolving lifestyles play a significant role as well. as more people move to urban areas and adopt busier lifestyles, there's a greater demand for convenient, readily available food choices, often incorporating preservatives. The burgeoning food processing sector in Asia Pacific presents a ripe market for calcium propionate as a reliable and economical preservative option.
Based on the end-user industry, the global Calcium Propionate market is divided into Food & Beverages, Animal Feed, Pharmaceuticals, and Others. Among these, Food and Beverages sector is the dominating segment and held about 80% of the global Calcium Propionate market in 2023 and is anticipated to prevail the similar trend in the upcoming years.
Major players in the Global Calcium Propionate market are ADDCON GmbH, Agailenobel, Fine Organics, Henan Chemsino Industry Co. Ltd., Impextraco NV, Jainex Speciality Chemicals, Kemin Industries, Inc., Macco Organiques Inc., Niacet (A Kerry Company), Perstorp Holding AB, Pestell Nutrition Inc., Puratos, Titan Biotech, BioVeritas, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Calcium Propionate which covers production, demand and supply of Calcium Propionate market in the globe.
• To analyse and forecast the market size of Calcium Propionate
• To classify and forecast Global Calcium Propionate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Calcium Propionate market in the globe.
To extract data for Global Calcium Propionate market, primary research surveys were conducted with Calcium Propionate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Calcium Propionate market over the coming years.
ChemAnalyst calculated Calcium Propionate demand across the globe by analyzing the volume of Calcium Propionate consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Calcium Propionate manufacturers and other stakeholders
• Organizations, forums and alliances related to Calcium Propionate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Calcium Propionate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Calcium Propionate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
300 thousand tonnes
Market size Volume in 2034
520 thousand tonnes
Growth Rate
CAGR of 5% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverages, Animal Feed, Pharmaceuticals, and Othe)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Calcium Propionate in terms of volume in 2023?
Ans:
The global market size of Calcium Propionate has reached approximately 300 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Calcium Propionate?
Ans:
Food & Beverages industry is the leading end-user industry of Calcium Propionate globally.
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