The global calcium propionate market size reached US$ 373.32 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 510.08 Million by 2028, exhibiting a growth rate (CAGR) of 5.12% during 2023-2028. The increasing consumption of processed food products, rising farming activities, and the growing demand for organic food represent some of the key factors driving the market.
|Market Size in 2022
||US$ 373.32 Million
|Market Forecast in 2028
||US$ 510.08 Million
|Market Growth Rate (2023-2028)
Calcium propionate (C6H10O4Ca) is a white crystalline organic salt that is soluble in water, ethanol, and acetone. It works by disrupting the cellular metabolism of microorganisms and preventing their growth and reproduction. It is a food preservative that inhibits the growth of mold, bacteria, algae, viruses, and fungi in various food products. It preserves the nutritional value of food products by reducing the need for higher heat treatments or other preservation methods that can degrade nutrient content. It helps in maintaining the freshness, texture, and appearance of food products to improve their overall quality. It also aids in enhancing food safety, extending shelf life, preventing spoilage, minimizing food waste, and reducing the risk of developing food borne illness.
Calcium Propionate Market Trends:
There is an increase in the consumption of processed food products, including bread, bagels, tortillas, cakes, donuts, cheese, yogurt, chips, and sauces. This, coupled with the flourishing food and beverage (F&B) industry, represents one of the major factors driving the demand for calcium propionate around the world. Moreover, rapid urbanization, rising global population, and the growing chain of food service restaurants and catering chains are other factors influencing the market positively. In addition, the increasing demand for organic food on account of the surging prevalence of food-borne diseases and the rising concerns about food safety is propelling the growth of the market. Furthermore, the rising consumption of seafood, fish, and meat and the increasing number of consumers opting for lean meat and protein-rich food in their daily diets is strengthening the growth of the market. Apart from this, the growing demand for sports and energy drinks on account of the rising participation of individuals in recreational sports, fitness, and athletic activities is favoring the market. Additionally, calcium propionate is used as a preservative in animal feed for various animal species, such as poultry, swine, cattle, and pets to prevent the growth of fungi. This, along with the growing farming activities and significant growth in the agriculture sector, is creating a positive outlook for the market. Besides this, the increasing use of calcium propionate in personal care products, including shampoos and conditioners, is anticipated to impel the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global calcium propionate market report, along with forecasts at the global, regional, and country levels for 2023-2028. Our report has categorized the market based on form and application.
The report has provided a detailed breakup and analysis of the calcium propionate market based on the product. This includes dry and liquid. According to the report, dry represented the largest segment.
- Food and Beverage
- Animal Feed
- Personal Care
A detailed breakup and analysis of the calcium propionate market based on the application has also been provided in the report. This includes pharmaceutical, food and beverage, animal feed, personal care, and others. According to the report, food and beverage accounted for the largest market share.
- North America
- United Kingdom
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for calcium propionate. Some of the factors driving the North America calcium propionate market included the growing food security concerns, increasing consumption of meat, rising demand for animal feed, etc.
The report has also provided a comprehensive analysis of the competitive landscape in the global calcium propionate market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include A.M Food Chemical Co. Ltd, AB Mauri Malaysia (Associated British Foods Plc), Addcon GmbH, Impextraco NV, Kemin Industries, Inc, Perstorp Holding AB, Pestell Nutrition Inc. (Barentz International), Puratos Group, Titan Biotech, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
| Historical Period
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
||Pharmaceutical, Food and Beverage, Animal Feed, Personal Care, Others
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||A.M Food Chemical Co. Ltd, AB Mauri Malaysia (Associated British Foods Plc), Addcon GmbH, Impextraco NV, Kemin Industries, Inc, Perstorp Holding AB, Pestell Nutrition Inc. (Barentz International), Puratos Group, Titan Biotech, etc.
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Key Questions Answered in This Report:
- How has the global calcium propionate market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global calcium propionate market?
- What is the impact of each driver, restraint, and opportunity on the global calcium propionate market?
- What are the key regional markets?
- Which countries represent the most attractive calcium propionate market?
- What is the breakup of the market based on the form?
- Which is the most attractive form in the calcium propionate market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the calcium propionate market?
- What is the competitive structure of the global calcium propionate market?
- Who are the key players/companies in the global calcium propionate market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the calcium propionate market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global calcium propionate market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the calcium propionate industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.