The global calcium propionate market was estimated at $ 27.7 million in 2018 and is expected to reach $ 35.3 million with a CAGR of 5.6% by 2025. Calcium propionate is used as a preservative in a variety of foods, including processed meats, baked goods, including bread, and dairy products, including whey. In the agricultural sector, calcium propionate is used as a food supplement and is provided to cows for the prevention of milk fever. Unlike benzoate, propionate prevents microorganisms from producing the energy required by them. Propionate does not require acidic requirements such as benzoate.
In 2018, Kemin Industries, Inc., a Canadian-based Kemin product distributor, Agri-Marketing Corp. (Canada) had acquired a distributor. The acquisition expands and establishes a new position in Quebec, Canada.
Market Drivers and Restraints:
As consumer preference for food changes, the global calcium propionate market is growing. As people's lifestyles have changed, their health awareness has increased the demand for calcium propionate. Calcium propionate is used as a preservative in bread, baked goods, processed meats and many other dairy products. It acts as an antimicrobial agent to kill microorganisms such as viruses, bacteria, algae and fungi. As a result, market demand is increasing, which triggers market growth. Animals receive calcium propionate as a dietary supplement. The increase in the field of food preservatives is increasing the demand for calcium propionate in the world market. This product is very profitable compared to other alternatives such as sulphite, sorbate, etc., so there is a growing demand in the market. The disruption of market growth is a change in the tendency to use natural products and the high price of propionic acid with limited availability limits market growth.
Changes in the preferences of consumers of fresh foods rather than preservatives are supposed to remain a significant challenge for industry participants. Changes in this trend are assumed to force food industry actors to increase their interest in natural products, hampering the growth of the global calcium propionate market during the forecast period. Great propionic acid prices, combined with limited availability, are expected to limit the market in the long term.
Report Segmented as:
The global calcium propionate market is divided based on applications and regions. Depending on the application, the calcium propionate market is divided into feed, processed meat and meat, bakery, dairy and other foods. The bakery has become an essential application in the global market due to the suitability of the products in this sector.
The global calcium propionate market can be divided into seven main segments based on geographies, such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and the Middle East and Africa. North America has the largest share in the global calcium propionate market, followed by Europe. But the demand for calcium propionate is growing in emerging markets such as the Asia Pacific and Latin America. As a result, these regions are foreseen to see higher growth rates in the near future.
Key market players:
The main market players in the calcium propionate market include Niacet Corporation, Addcon GmbH, Macco Organiques Inc., Kemira, AB Mauri, Perstorp Holdings AB, Krishna Chemicals, A.M. Food Chemicals Co. Ltd. and Impextraco NV.
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