Calcium Propionate Market Research Report Information By Application (Dairy & Frozen Products, Bakery Products, Pesticides & Fungicides, Pharmaceuticals, Animal Feed, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

Global Calcium Propionate Market Overview

The Calcium Propionate Market Size was valued at USD 0.33 Billion in 2022. The Calcium Propionate industry is projected to grow from USD 0.35 Billion in 2023 to USD 0.48 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.86% during the forecast period (2023 - 2030). Calcium propionate is a food additive that is commonly used as a preservative to prevent the growth of mold, bacteria, and other microorganisms in baked goods, dairy products, and other processed foods. It is the calcium salt of propionic acid, which is a naturally occurring organic acid produced by certain types of bacteria. Calcium propionate is generally recognized as safe (GRAS) by the United States Food and Drug Administration (FDA) and is widely used in the food industry to extend the shelf life of various food products. In addition to its use as a preservative, calcium propionate may also be used as a flavoring agent or as a source of calcium in certain foods.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Calcium Propionate Market Trends

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  Customers' Growing Health Concerns in the Food Industry

  
  

Preservatives are crucial for sustaining the delivery of safe goods to clients and preventing the spoilage of food and feed. Preserving and maintaining the quality of food and feed products is a major concern for these businesses globally. Throughout the past ten years, calcium propionate has mostly been employed in bread and feed products. The main function of calcium propionate is to prevent the development of bacteria on a range of bread products that are prone to bacterial degradation. Calcium propionate is a great preservative for yeast-raised food because it prevents rotting. Also, new avenues for the use of calcium propionate in various food items have been made possible by research in several domains and the growth of the meat, dairy, and processed meat industries as well as other food purposes. As individuals become more health aware, there is a growing demand for low-calorie meals. As consumers' lifestyles have evolved, their confidence in packaged, quick meals has increased. The food category also includes fruits, salads, dressings, vegetables, diet foods, soups, sauces, and other ready-to-eat food items. It also includes bakery products, meat, dairy, frozen desserts, fish, and seafood.

Calcium Propionate Market Segment Insights

Calcium Propionate Application Insights

Based on Application, the global market segmentation includes Dairy & Frozen Products, Bakery Products, Pesticides & Fungicides, Pharmaceuticals, Animal Feed, and Others. The bakery products category has the highest share. This growth is likely to continue during the forecast timeframe due to its widespread use as a preservative in bread items. The CAGR for the animal feed segment is expected to be the highest throughout the forecast period. Calcium propionate is introduced into animal feed to prevent the formation of mold or other microbes.

Figure 2: Calcium Propionate Market, by Application, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review 

Calcium Propionate Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Europe will dominate global market expansion. Its growth is a result of the increased demand for fresh baked goods in the area. Also, increasing the production of packaged and sliced bread is becoming more popular in France and Germany. The second-largest market share belonged to North America, which is anticipated to expand at a modest CAGR during the forecast period. Asia-Pacific is also anticipated to grow the fastest throughout the projection period. A further factor driving demand in the Asia-Pacific market is the growing need for animal feed. Food made from animals is becoming in demand on a worldwide scale. The rise in demand has been addressed by commercial cattle raising and the food chains that sustain it.

Figure 3: CALCIUM PROPIONATE MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Calcium Propionate Key Market Players & Competitive Insights

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Calcium Propionate industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Calcium Propionate industry to benefit customers and expand the market sector. Major market players, including Calpro Foods, Eastman Chemical Company, Perstorp Holdings, Fine Organics, Kemin Industries Inc, and others, are attempting to increase market demand by funding R&D initiatives.

Calpro Foods manufactures and sells ingredients for bakeries. It provides a variety of products, including fruit fillings, cookie flour, muffins, bakery enzymes, fibers, and proteins.

Perstorp manufactures chemical additives for the paints and resin industries. Animal nutrition, heat-resistant plastic, plasticizers, polymer additives, safety glass, resins and coatings, automobile engine oils, aviation turbine oils, hydraulic fluids, refrigeration lubricants, and other products are available. The firm serves the automotive, aviation, metal, and other industries.

List of the Key Companies in the Calcium Propionate Market Includes

• M Food Chemical Co. Ltd


• Calpro Foods


• Eastman Chemical Company


• Perstorp Holdings


• Fine Organics


• Kemin Industries Inc


• Impextraco


• Kemira


• Macco Organiques Inc


• Niacet


• Among others.

Calcium Propionate Industry Developments

June 2021: Kerry group an Irish food ingredients firm, announced the acquisition of Niacet for about $1 billion from the private equity firm SK Capital Partners. Niacet claims itself as the largest manufacturer of organic acid salts in North America, including sodium acetate and calcium propionate, which are used in food preservation and other applications.

Calcium Propionate Market Segmentation

Calcium Propionate Application Outlook

• Dairy & Frozen Products


• Bakery Products


• Pesticides & Fungicides


• Pharmaceuticals


• Animal Feed


• Others

Calcium Propionate Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size 2022	USD 0.33 Billion
Market Size 2023	USD 0.35 Billion
Market Size 2030	USD 0.48 Billion
Compound Annual Growth Rate (CAGR)	4.86% (2023-2030)
Base Year	2022
Market Forecast Period	2023-2030
Historical Data	2018 & 2022
Market Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Application, and Region
Geographies Covered	North America, Europe, Asia Pacific, and Rest of the World
Countries Covered	The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	A.M Food Chemical Co. Ltd, Calpro Foods, Eastman Chemical Company, Perstorp Holdings, Fine Organics, Kemin Industries Inc, Impextraco, Kemira, Macco Organiques Inc, Niacet
Key Market Opportunities	·         Technological advancements to enhance product development
Key Market Dynamics	·         Cost-effective and functional potential of calcium propionate to boost demand ·         Increasing health concerns of consumers in the food industry

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