The global market for "https://www.reportsanddata.com/report-detail/calcium-propionate-market">calcium propionate was valued at USD 326.0 Million in 2023, and it is projected to experience a compound annual growth rate (CAGR) of 5.9% during the forecast period. Factors such as the increasing demand for fresh food, the functional benefits of calcium propionate in ready-to-eat products, cost-effective preservation solutions, and growing consumer health concerns in the food industry are driving the revenue growth of the calcium propionate market.
Calcium propionate is a white crystalline powder used as a food preservative. It is commonly added to bread, baked goods, and other food products to prevent the growth of mold and bacteria. Various market players, both established companies and start-ups, are increasingly adopting calcium propionate. For example, in October 2023, Hero Labs, Inc. launched four products on Amazon.com after expanding the distribution of its Hero Bread sandwich rolls through Subway franchises nationwide. These products included Hero Classic White Bread, Hero Flour Tortillas, Hero Classic Hot Dog Buns, and Hero Classic Burger Buns. Hero Classic White Bread has been the top-selling white sandwich bread product on Amazon for the past three weeks.
Furthermore, calcium propionate finds applications beyond the food industry. It is used as an inhibitor to prevent the spread of viruses and bacteria and as an antibacterial agent outside of the pharmaceutical sector. It is also utilized in animal feed to inhibit mold and bacterial growth. Additionally, calcium propionate serves as an ingredient in paint and coatings, and it is employed as a plating and surface-treating agent. Furthermore, it is used in the production of photo chemicals and other photographic equipment.
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Some major companies in the market report include Kerry Group plc., ADDCON GmbH, Impextraco NV, Macco Organiques Inc., Perstorp, Kemira, A.M. FOOD CHEMICAL CO., LIMITED, Eastman Chemical Company, Fine Organics, Bell Chem Corp., and Krishna Chemicals.
Factors Influencing the Calcium Propionate Market
Several factors contribute to the dynamics of the calcium propionate market. These factors impact the demand, growth, and overall performance of the market. Here are some key factors affecting the calcium propionate market:
- Increasing Demand for Fresh Foods: The growing consumer preference for fresh and minimally processed foods has led to an increased demand for food preservatives like calcium propionate. Its ability to prevent the growth of mold and bacteria in bread, baked goods, and other food products makes it a valuable ingredient in maintaining the freshness and quality of these items.
- Functional Potential in Ready-to-Eat Foods: Calcium propionate offers functional benefits in ready-to-eat food products. Its preservative properties contribute to the extended shelf life of these foods, allowing manufacturers to meet consumer demand for convenience and longer product durability.
- Cost-Effective Preservation Solutions: Calcium propionate provides a cost-effective preservation solution for the food industry. Its efficiency in inhibiting microbial growth makes it an attractive option for food manufacturers, enabling them to extend the shelf life of products without significant additional expenses.
- Increasing Health Concerns of Consumers: Growing awareness and concerns about health and food safety among consumers have prompted the food industry to adopt preservatives like calcium propionate. Consumers are seeking products with natural and safe ingredients, and calcium propionate aligns with these preferences as it is considered a generally recognized as safe (GRAS) food additive.
These factors collectively contribute to the revenue growth and market expansion of calcium propionate. As a result, both established market players and start-ups are increasingly adopting calcium propionate in various applications, ranging from food preservation to non-food industries like pharmaceuticals, animal feed, and coatings.
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Segments covered in the report:
Segments covered by Application Outlook, End-use Industry, Regional Outlook
By Form Outlook
- Dry
- Liquid
By Application Outlook
- Food
- Bakery products
- Dairy products
- Meat seafood
- Others
- Pharmaceuticals
- Beverages
- Livestock feed
- Others
Regional Outlook
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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