Increasing Demand For The Functional Potential Of Calcium Propionate By Consumers Driving The Global Market

Chicago, Country, 2020-Mar-13 — /EPR Network/ —

Calcium propionate is a synthetic antimicrobial, which is most commonly used as a food additive. It is the calcium salt of propionic acid and is manufactured by neutralizing propionic acid with calcium hydroxide. The application of calcium propionate is varied across different fields such as food and feed, where they act as an antimicrobial agent and feed supplement. The calcium propionate is classified, based on form, into dry and liquid form.

The global market for calcium propionate is projected to reach USD 363.3 million by 2023, at a CAGR of 5.6%

Continuous demand for pathogen-free food drives the food processing industry to develop new solutions to counter microbial growth, thereby leading to the growth of the calcium propionate market. The usage of calcium propionate for feed and food preservation is cost-effective when compared to other salts of propionic acids, such as sodium propionate, ammonium propionate, and zinc propionate. These changes demand food products with a longer shelf life, which can be consumed conveniently. Hence, the role of food preservatives is becoming increasingly important in the food & beverage industry. The growing demand for foods with a high shelf life has considerably increased the demand for calcium propionate.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1288

Increasing health awareness among consumers and cost-effective preservation solutions provided by calcium propionate fueling the market

Calcium propionate is used as a preservative in a wide variety of food, feed, and pharmaceutical products; it is a source of energy for dairy cows. Propionic acid acts as a major precursor for calcium propionate. The food segment dominates the calcium propionate market in 2018 due to a large application of calcium propionate in the bakery sector. Increasing health-consciousness is increasing the demand for low-calorific food products. The changes in lifestyle have increased consumer dependence on packaged convenient food products. For bread production, it works as an antimicrobial agent and suppresses bacterial growth on breads and cakes. However, the feed sector is projected to grow at the highest CAGR during the forecast period. Animal feed preservation is a huge concern to avoid spoilage, as it affects animal performance to a great extent. Feed products are also susceptible to microbial and fungal infestation due to their nutritive value. Calcium propionate helps combat microbial pathogens in various feed and raw materials, enhancing their shelf life. Companies offer unique solutions and blends for various dairy products and seafood products, as these products have gained an increasing level of popularity among health-conscious consumers.

North America dominated the calcium propionate market due to the demand for convenience food by consumers and increasing focus toward food safety

The largest markets for calcium propionate include the North American and European markets, which represent a large share of industry participants and consumers. In these regions, consumers have busy lifestyles and lookout for minimally processed foods with a long shelf life. Bakery products is the major food application for calcium propionate in the European region. Europe has the largest producers of calcium propionate, with the presence of global players such as Kemira Oyj (Finland), Impextraco (Belgium), and Perstorp Holdings AB (Sweden). The Asia Pacific region is the fastest-market for calcium propionate due to the consumption driven by rapid urbanization, economic growth, and a rise in the purchasing power of the middle-class population in the region.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1288

Conclusion

The players in the calcium propionate market are directing their efforts toward the development of food preservatives, as consumer preferences are shifting toward more healthy food. Also, the properties of calcium propionate for extending the shelf life of bakery and confectionery foods have led to a rise in the demand for innovative products. Bakery products and feed have been dominant applications for calcium propionate over the last decade. An increase in investments in R&D to develop healthier versions of calcium propionate for food applications and the cost advantages provided by calcium propionate over other preservatives are expected to contribute to the increased demand and adoption rates. Furthermore, researches in various fields have opened new avenues for applications of calcium propionate in several food products, owing to the growth of the dairy, meat, and processed meat industries, along with various other food applications. The application of calcium propionate in pharmaceuticals and agriculture is limited; however, these segments exhibit potential for growth in the next few years.