Calcium Propionate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Calcium Propionate Market Analysis
The calcium propionate market is projected to register a CAGR of more than 3% during the forecast period.
In 2020, COVID-19 negatively impacted the market. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- The growing demand for calcium propionate from the food and beverage industry is driving the market's demand.
- On the other hand, the growing demand for food without preservatives is likely to slow market growth.
- In addition, innovations that boost demand from new emerging markets are expected to help the market grow in the years to come.
Europe has a large share of the market, and it is expected that Asia-Pacific will grow at a fast rate during the forecast period.
Calcium Propionate Market Trends
Increasing Demand from the Food and Beverage Sector
- Calcium propionate is often used as a food preservative. It does this by stopping microorganisms from growing and reproducing, which makes the food last longer.
- It is used to make bread, tortillas, pizza dough, pastries, breakfast cereals, pasta, noodles, and desserts with a lot of fat in them.Additionally, calcium propionate is also used in sports drinks, diet foods, and beverages for preservation.
- The demand for processed and ready-to-eat foods, like burgers, hot dogs, toast, pizza, cakes, and other such products, is rising worldwide as increasingly time-pressed consumers have embraced the convenience of freezers and microwave cooking. Such demands are expected to positively impact the consumption of preservatives like calcium propionate in the forecast period.
- In the past few years, the world's population has grown, which has led to a lot of growth in the food and drink industry.This growth of the food and beverage industry is a major driving factor for the market studied.
- According to the US Census Bureau, food and drink stores in the US were expected to make about USD 76.3 billion in monthly sales in March 2022.
- In addition to that, the monthly retail sales from food and beverage stores represented a 10% rise over the previous month, February 2022. Thus, with the expanding food and beverage industry the studied market is expected to grow significantly during the forecast period.
- All the aforementioned factors are likely to increase the demand for the Calcium Propionate market over the forecast period.
Asia-Pacific to Witness the Fastest Growth
- Calcium propionate is used in numerous applications in the pharmaceutical, food and beverage, and animal feed industries due to its antimicrobial properties.
- The increasing demand for animal feed is also boosting market demand in Asia-Pacific from countries such as China and India. The demand for food derived from animals across the world has been increasing at a fast pace. Commercial livestock production and their associated food chains have fulfilled the surge in this demand.
- The growing pharmaceutical industry in Asia-Pacific is further increasing the demand for calcium propionate from the medical and pharmaceutical sectors.
- China has the largest pharmaceutical industry in the world. In China, the State Food and Drug Administration released the "Statistical Report on Drug Supervision and Administration; according to which the number of medical device manufacturers in China reached 27,496 in the first half of 2021, representing an increase of 3.8% compared to the previous year. Thus, the expanding pharma sector is likely to support the growth of the calcium propionate market during the forecast period.
- Further, the growing food and beverage industry is expected to boost market growth in the region. According to the United States Department of Agriculture, the total consumption value of organic packaged food and beverages in India in 2021 amounted to USD 96 million. This was an increase from the previous year's total consumption value of USD 85 million.
- Because of all of these things, the calcium propionate market is expected to grow in the Asia-Pacific region.
Calcium Propionate Industry Overview
The calcium propionate market is partially consolidated in nature. Some of the major players in the market include AgileNobel, Niacet, A Kerry Company, Henan Chemsino Industry Co., Ltd, Puratos, and Fine Organics, among others (in no particular order).
Calcium Propionate Market Leaders
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Fine Organics
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AgileNobel
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Niacet, A Kerry Company
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Henan Chemsino Industry Co., Ltd
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Puratos
*Disclaimer: Major Players sorted in no particular order
Calcium Propionate Market News
- March 2023: BioVeritas invented a clean-label mold inhibitor created through the BioVeritas Process. The BioVeritas calcium propionate cultured extract extended its shelf life by an average of nearly 30% compared to petrochemical-derived calcium propionate.
- April 2022: Perstorp planned to have an additional capacity of roughly 70,000 tons/year for carboxylic acid production onstream. As a result, the company intends to significantly boost calcium propionate production capacity, which is currently located in Italy. The additional capacity might be operational as early as 2024.
Calcium Propionate Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand for Food Additives
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Growing Demand for Preservative-less Food Products
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Application
5.1.1 Pharmaceutical
5.1.2 Food and Beverage
5.1.3 Animal Feed
5.1.4 Personal Care
5.1.5 Other Applications
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 Italy
5.2.3.4 France
5.2.3.5 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle-East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) Analysis ** / Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 ADDCON GmbH
6.4.2 Agailenobel
6.4.3 Fine Organics
6.4.4 Henan Chemsino Industry Co. Ltd.
6.4.5 Impextraco NV
6.4.6 Jainex Speciality Chemicals
6.4.7 Kemin Industries, Inc.
6.4.8 Macco Organiques Inc.
6.4.9 Niacet, A Kerry Company
6.4.10 Perstorp Holding AB
6.4.11 Pestell Nutrition Inc.
6.4.12 Puratos
6.4.13 Titan Biotech
6.4.14 BioVeritas
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Innovations to Strengthen Demand from New Emerging Markets
Calcium Propionate Industry Segmentation
Calcium propionate is an organic salt used as a food additive to keep foods fresh by preventing them from bacteria and mold. It is mainly used in bakery, meat, and dairy products to keep them fresh. The calcium propionate market is segmented by application and geography. By application, the market is segmented into pharmaceuticals, food and beverages, animal feed, personal care, and other applications. The report also covers the market size and forecasts in 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD million).
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| Pharmaceutical | |
| Food and Beverage | |
| Animal Feed | |
| Personal Care | |
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Calcium Propionate Market Research FAQs
What is the current Calcium Propionate Market size?
The Calcium Propionate Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Calcium Propionate Market?
Fine Organics, AgileNobel, Niacet, A Kerry Company, Henan Chemsino Industry Co., Ltd and Puratos are the major companies operating in the Calcium Propionate Market.
Which is the fastest growing region in Calcium Propionate Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Calcium Propionate Market?
In 2024, the Asia-Pacific accounts for the largest market share in Calcium Propionate Market.
What years does this Calcium Propionate Market cover?
The report covers the Calcium Propionate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Calcium Propionate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Calcium Propionate Industry Report
Statistics for the 2024 Calcium Propionate market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Calcium Propionate analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
