|Status : Upcoming||Report Code : VRFB11009||Industry : Food & Beverage||Available Format :|
Calcium propionate is a food additive, used as a preservative in variety of products and is also act as an antimicrobial agent. It decreases the growth of the bacteria and fungi. Efficient ability of calcium propionate in new product lines and mounting health issues of consumers in the food industry are the major factors driving the growth of the calcium propionate market. Different forms of calcium propionate supported the calcium propionate market size. The market has witnessed high command for dry calcium propionate in the coming years due to easiness of mixing and improved dispersion all over the food matrix.
Insight by Application
On the basis of application the calcium propionate market is subdivided into food, feed and others. Among the all applications, the food segment accounted the largest share in the market due to elevated per capita bread utilization, change in lifestyle and mounting health consciousness. In addition, the feed segment is estimated to account largest share in the market due to mounting demand for feed, upsurge in livestock production and augmented requirement for quality feed products with prolonged shelf life.
The food segment is further subdivided into bakery products, meat, fish, and seafood products, dairy & frozen desserts and others. Among the all food applications, the bakery products segment accounted the largest share in the market due to calcium propionate properties to inhibit with the chemical leavening agents in yeast and bacteria, which is the major component of bakery products.
Insight by Form
On the basis of form the calcium propionate market is subdivided into dry and liquid. Among the both forms, the dry segment accounted the larger share and is expected to grow at fastest rate in the market due to easiness of mixing, does not disturb the leavening act of baking powder in bakery products and improved dispersion all over the food matrix.
Efficient ability of calcium propionate in new product lines such as feed supplement, antimicrobial agent and food preservative, mounting health issues of consumers in the food industry, altering consumer lifestyle is affecting food consumption, mounting demand for bakery products with prolonged shelf life and economical preservation solution are the primary growth drivers for calcium propionate market.
For instance, calcium propionate is developed by reacting calcium hydroxide and propionic acid. Calcium propionate is used as a mold inhibitor in several dairy products, animal feed and agricultural applications. Preservatives are elementary necessities to inhibit the spoilage of food & feed. The major purpose of calcium propionate is evolution of microbes on several bakery products that are inclined to damage by bacteria. It is less toxic as compared to other salts. It is also used for the treatment of milk fever.
Technological innovations to develop novel product lines, mounting consumer inclinations for fresh food products and long shelf life products, upsurge in need for clean-label food products, mounting customer need for food safety, and R&D & inventions to support demand are also facilitating the growth for the calcium propionate market.
Mounting demand for food products lacking of artificial preservatives, high raw material cost, mounting inclination of fresh food products and strict regulations and rivalry from alternatives are the major challenges for the growth of calcium propionate market.
Globally, the manufacturing companies trying to enter the calcium propionate market are required to maintain stringent regulatory standards. This offers an edge to the established players in the industry competition.
Geographically, North America is the largest calcium propionate market as in the region the consumption of bread is huge. Recognized and developed bakery market, stringent food regulations and upsurge in need for convenience food have boosted the demand for calcium propionate market in the North American region.
Asia-Pacific is observed to witness fastest growth in the calcium propionate market, due to mounting awareness about calcium propionate. In addition, upsurge in demand of fresh food, rapid urbanization, mounting disposable income, upsurge in convenience and bakery food products purchase, large population base and changes in consumer lifestyle are also creating a positive impact on the calcium propionate market growth in the region.
Key players in the calcium propionate market are catering the demand by investing on new product launches in their product portfolio across the globe. In August 2017, Niacet Corporation expanded its calcium and sodium propionate production capacity. In addition, in February 2017, SK Capital Partners acquired Niacet Corporation to improve its product portfolio. SK Capital Partners (Niacet Corporation), Macco Organiques, Shandong Tong Tai Wei Run Chemical Co., Ltd., Impextraco, Real S.A.S., Addcon, Kemin Industries, Bell Chem, Associated British Foods PLC, A.M Food Chemical Co, Ltd and Fine Organics are the key players offering calcium propionate.