Calcium Propionate: Healthy Market, Rich with Opportunities with Increasing Demand.
Calcium Propionate has several applications and is widely used as a preservative in various sectors such as pharmaceutical, food and beverage, animal feed, personal care, and others. Since the mid-20th century, the food processing industry is has been developing at an extraordinary pace. The demand for ready-to-eat food and processed food is increasing worldwide. The busy lifestyle and changing trend towards snacking is increasing demand for preservatives, further boosting the Calcium Propionate Market growth.
In the early decades, food processing was done on a very small scale, as it was done in homes and farms. Today, on the other hand, increasing innovative technologies have drastically changed the trend from traditional practices towards more efficient and profitable methods. However, while the shifting trend of food processing, several growth opportunities have been offered along with certain challenges such as preventing the growth of harmful micro-organisms during storage. As a result, the demand for preservatives is swelling, in turn further propelling the growth of the calcium propionate market. However, the tough regulations on additives and the availability of substitutes may act as a restraining factor for the calcium propionate market.
Where Will Be Market Headed By 2028?
Our report on Calcium Propionate Market has covered the study of the latest development and investment in the market. In addition to this, our report includes market drivers, restraints, and opportunities along with COVID-19 impact analysis, market attractiveness analysis, and Porter’s five forces analysis. Moreover, the report covers the value chain analysis, regulatory analysis, historical & descriptive analysis from the year, and forecasts & predictive analysis for the calcium propionate market. The global Calcium Propionate Market is valued at USD 289 million in 2020 and is expected to reach USD 390 million in 2028 and grow at a CAGR of 2.9% over the forecast period.
Some of the key players in the Calcium Propionate Market include Addison, Macco Organiques, Real S.A.S., Associated British Foods PLC (ABF), A.M Food Chemicals, Niacet (SK Capital), Shandong Tong Tai Wei Run Chemical Co., Ltd. (TTWR), Fine Organics, Bell Chem, Krishna Chemicals, Kemin Industries, Impextraco, among others.
Asia Pacific is anticipated to dominate Calcium Propionate Market and grow at the fastest CAGR over the forecast period. The growth is attributed to, increase in consumer spending, rapid development. Moreover, growing research and development (R&D) expenditure by players and several initiatives taken by the government is also anticipated to boost the calcium propionate market.