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Calcium Propionate Market to reach USD 376.45 million by 2021, Says MDF Research
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The Calcium Propionate market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rising awareness regarding feed and food safety and also the shelf life stability of feed, resulting in increase in demand for calcium propionate.
Calcium Propionate is a chemical compound which is used as preservative for baked goods. Calcium Propionate belongs to the antimicrobial category of preservatives. It has a variety of uses such as ensuring food and feed safety, improving the shelf life of feed and additives, and more.
Growing awareness regarding food preservation has led to a rapid growth in the market over recent years. Apart from this, other factors responsible for market growth include, cost effective solution to food safety, wide range of functions in product lines, high investments in R&D recently. Further, there are same factors which act as restraints. These include people’s demand for all natural product and increase in availability of preservatives free food products.
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The Global market for Calcium Propionate is segmented on the basis of Application and Geography. The market segmentation on the basis of application is done under bakery, meat, processed meat, dairy, feed, processed food and others. The bakery segment dominates the market share, owing to the growth in consumption of bakery products. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Calcium Propionate market was dominated by North America, with the overall market share of over 34% globally. North America was followed by Europe and Asia Pacific. Asia Pacific is predicted to grow at a rapid pace, with Latin America and Middle East showing high potential as well in the coming few years.
Some of the major companies dominating the market, by their products and services include Addcon Gmbh, A.M. Food Chemicals Co. Ltd., Fine Organics, Impextraco Nv, Kemira Oyj, Krishna Chemicals, Macco Organiques Inc., Niacet Corporation, Perstorp Holding Ab.
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