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Albany, New York, March 20, 2019 (GLOBE NEWSWIRE) -- The global calcium propionate market consists of several global and local players. The global market is considerably fragmented and competitive said Transparency Market Research (TMR) in a report. The global calcium propionate market share are divided among several prime players. Some significant players lead the global calcium propionate market to deliver quality items to end-users. The most vital businesses working in the global calcium propionate market are Perstorp Holding AB, Kemira, Niacet Corporation, AB Mauri, and Macco Organiques Inc. Perstorp Holding AB produces and supplies calcium propionate in North America, Asia Pacific, Africa, Latin America, and Europe.
According to the report of TMR, the global calcium propionate market was valued at US$264.0 mn in 2017. The market is projected to achieve US$445.0 mn before the end of 2026, stretching out at a CAGR of 3.9% in the duration of 2018-2026. Geographically, North America is projected to lead the global calcium propionate market. The region is one of the largest exporters and consumers of calcium propionate due to the existence of a matured and extensive bakery market and high consumption rate of bread in the region. North America calcium propionate market is matured, thus, the growth is moderate when compared to other developing regions.
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On the basis of application, the global calcium propionate market is segmented into bakery, feed, dairy, meat & processed meat and other food products. Other preservatives such as sodium propionate can be an alternative for all products except bakery. Only the calcium ions present in calcium propionate interferes with the chemical leavening agents present in yeast and bacteria, which are the key ingredients of bakery products. Additionally, calcium propionate can be incorporated into flour easily, which is also one of the important ingredients of bakery products.
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Bakery products factoring the Global Calcium Propionate Market
Calcium propionate is synthesized by reaction of calcium hydroxide with propionic acid, and it occurs naturally in few types of butter and cheese. It is available in various forms in the market such as powder, liquid, and compressed. It’s used as a mold inhibitor is desirable in various dairy products, animal feedstock, and agricultural applications. Calcium propionate acts as a food preservative and is used to increase the shelf life of bakery products. The product is influenced by the varying storage conditions such as low temperature and humidity. Thus, changing climatic conditions is further influencing the market’s growth.
Apart from bakery products, calcium propionate is used as a food additive in wines, vinegar, soy sauce, and others. Additionally, it prevents milk fever in cows and provides nutritional supplement for dogs, cattle, and horses. The agricultural applications of the compound include its use as a pesticide and fungicide. It is also used as a leavening agent for delaying the fermentation in bakery products. It exhibits anti-microbial nature, which makes it useful in the pharmaceuticals and cosmetics industry.
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Consumers with busy lifestyles globally are on the lookout for minimally processed foods with a long shelf life. A rising demand for convenience foods is expected to create an impact on the calcium propionate market globally. The growing food industry is projected to drive the global calcium propionate market during the forthcoming years. Changing food consumption pattern coupled with disposable income is expected to boost the calcium propionate market. Moreover, increasing demand for processed and ready-to-eat foods is likely to fuel the market’s growth in the upcoming years.
Growing Consumption of Chemical-based food to hamper Market Growth
Shifting consumer patterns away from the consumption of food containing chemical additives and preservatives may hamper the market growth in the coming years. However, calcium propionate is cost-effective and relatively less toxic as compared to other substitutes, which will boost the market. Rising demand for product in pharmaceuticals and cosmetics to inhibit microbial growth and prevent spoilage is also projected to drive the calcium propionate market.
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This review is based on Transparency Market Research’s report, titled “Calcium Propionate Market (Application - Bakery, Dairy, Meat Processing, Animal Feed, Beverages, Packaged Food Products) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.”
The global calcium propionate market is segmented as follows:
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