Market Size of Calcium Propionate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Calcium Propionate Market Analysis
The calcium propionate market is projected to register a CAGR of more than 3% during the forecast period.
In 2020, COVID-19 negatively impacted the market. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- The growing demand for calcium propionate from the food and beverage industry is driving the market's demand.
- On the other hand, the growing demand for food without preservatives is likely to slow market growth.
- In addition, innovations that boost demand from new emerging markets are expected to help the market grow in the years to come.
Europe has a large share of the market, and it is expected that Asia-Pacific will grow at a fast rate during the forecast period.
Calcium Propionate Industry Segmentation
Calcium propionate is an organic salt used as a food additive to keep foods fresh by preventing them from bacteria and mold. It is mainly used in bakery, meat, and dairy products to keep them fresh. The calcium propionate market is segmented by application and geography. By application, the market is segmented into pharmaceuticals, food and beverages, animal feed, personal care, and other applications. The report also covers the market size and forecasts in 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD million).
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| Pharmaceutical | |
| Food and Beverage | |
| Animal Feed | |
| Personal Care | |
| Other Applications |
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Calcium Propionate Market Size Summary
The calcium propionate market is anticipated to experience steady growth over the forecast period, driven primarily by its increasing demand in the food and beverage industry. This compound is widely used as a preservative to inhibit microbial growth, thereby extending the shelf life of various food products such as bread, pastries, and processed foods. The rising global demand for convenience foods, coupled with the expanding food and beverage sector, is expected to significantly boost the market. However, the trend towards preservative-free foods may pose challenges to market expansion. Despite these challenges, innovations and the emergence of new markets are likely to provide additional growth opportunities.
Regionally, Europe holds a substantial share of the calcium propionate market, while the Asia-Pacific region is projected to witness rapid growth. This growth is fueled by the increasing demand for animal feed and the burgeoning pharmaceutical industry in countries like China and India. The pharmaceutical sector's expansion, particularly in China, is expected to further drive the demand for calcium propionate. Additionally, the market is characterized by a partially consolidated structure, with key players such as AgileNobel, Niacet, and A Kerry Company leading the industry. Recent developments, such as BioVeritas's introduction of a clean-label mold inhibitor and Perstorp's plans to increase production capacity, indicate ongoing advancements and capacity expansions within the market.
Calcium Propionate Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Food Additives
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Growing Demand for Preservative-less Food Products
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Application
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2.1.1 Pharmaceutical
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2.1.2 Food and Beverage
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2.1.3 Animal Feed
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2.1.4 Personal Care
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2.1.5 Other Applications
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle-East and Africa
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Calcium Propionate Market Size FAQs
What is the current Calcium Propionate Market size?
The Calcium Propionate Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Calcium Propionate Market?
Fine Organics, AgileNobel, Niacet, A Kerry Company, Henan Chemsino Industry Co., Ltd and Puratos are the major companies operating in the Calcium Propionate Market.
