Calcium Propionate Market and its key opportunities and challenges

Chicago, 2019-Nov-06 — /EPR Network/ —

The Calcium Propionate Market was valued at USD 262.4 million in 2017; it is projected to grow at a CAGR of 5.6% from 2018, to reach USD 363.3 million by 2023, as per a report by MarketsandMarkets.

How technological advancements to develop new product lines is a key opportunity?

Technological advancements in the food and feed industries are expected to boost the demand for calcium propionate. The availability of propionic acid is a major factor that limits the growth of the calcium propionate market. Restrictions in the production capacity of propionic acid due to the dearth of technological innovations affect the production of calcium propionate to an extent. In the long run, with technological advancements and various new ways to produce propionic acid, supply is expected to be sufficient. This, in turn, will positively affect raw material availability and boost the production of calcium propionate.

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Asia Pacific presents tremendous opportunities for calcium propionate and its end-use applications. China has emerged as a recent exporter of calcium propionate for the food and feed industries. Factors such as rapid urbanization, high disposable incomes, strong demand for processed foods, coupled with a low cost of production, position China as a strong consumption and production hub. Other emerging economies such as Brazil and India exhibit rapid gains in the calcium propionate market.

How competition from substitutes poses a major challenge?

The major substitute for calcium propionate is sodium propionate along with sorbic acid and sorbates which are used mainly in the food and bakery industries. Calcium propionate and sodium propionate are both effective against mold and the mucoid variant of Bacillus subtilis. They also have the least effect on the leavening action of yeast, and hence, are used in yeast-raised goods. Calcium propionate and sodium propionate are equally effective; however, sodium propionate is preferred over calcium propionate in cakes and other chemically leavened goods since the calcium ions can interfere with the leavening action. Calcium salts are preferred in breads and rolls due to their contribution to calcium enrichment. As calcium propionate can be replaced with sodium propionate in most bakery products except bread, the calcium propionate market is expected to face challenges in the near future.

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North America is estimated to dominate the calcium propionate market 

In 2018, the North American region is estimated to dominate the global market for calcium propionate.

The region is one of the largest consumers and exporters of calcium propionate due to the wide and matured bakery market and high bread consumption. The market for calcium propionate in North America is fairly matured; hence, the growth is moderate when compared to other developing economies. Consumers with busy lifestyles in the North American market are on the lookout for minimally processed foods with a long shelf life. The increase in demand for convenience foods is expected to create an impact on the calcium propionate market in North America.

Niacet (US), ADDCON (Germany), Impextraco (Belgium), and Macco Organiques (Canada) are some of the leading players in the global calcium propionate market. These companies adopted strategies such as expansions, acquisitions, certifications, and partnerships to strengthen their position in the market.

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