What is Global Calcium Propionate Market?
The Global Calcium Propionate Market is a vast and dynamic sector that deals with the production, distribution, and consumption of calcium propionate, a common food additive. This compound, often used as a preservative in bakery products, plays a crucial role in preventing the growth of mold and bacteria, thereby extending the shelf life of food items. The market's global reach is extensive, with its products being utilized in various industries across the world. As of 2023, the market was valued at a whopping US$ 175 million, a figure that is expected to rise significantly in the coming years. The market's growth is driven by various factors, including the increasing demand for processed and packaged foods, advancements in food preservation technology, and the rising awareness about food safety among consumers.
Food Grade Calcium Propionate, Feed Grade Calcium Propionate in the Global Calcium Propionate Market:
The Global Calcium Propionate Market is segmented into two main categories: Food Grade and Feed Grade. Food Grade Calcium Propionate is primarily used as a preservative in a wide range of food products, including bread, other baked goods, processed meat, dairy products, and more. On the other hand, Feed Grade Calcium Propionate is used as a feed supplement for livestock, providing essential nutrients and preventing diseases. The demand for both types of calcium propionate is high, with the market catering to a diverse range of industries and consumers. The market's versatility and adaptability have contributed significantly to its growth and expansion.
Food and Beverages, Feed Industry, Others in the Global Calcium Propionate Market:
The usage of calcium propionate extends beyond the food industry. It is also widely used in the feed industry, where it serves as a valuable additive in animal feed. Its antimicrobial properties help prevent the growth of harmful bacteria in the feed, thereby ensuring the health and well-being of livestock. Additionally, calcium propionate is used in other industries as well, such as the pharmaceutical industry, where it is used as a preservative in certain medications. The diverse applications of calcium propionate in various sectors have contributed to the robust growth of the Global Calcium Propionate Market.
Global Calcium Propionate Market Outlook:
In terms of market outlook, the Global Calcium Propionate Market is set for substantial growth in the coming years. As of 2023, the market was valued at US$ 175 million. However, it is projected to reach a staggering US$ 260.9 million by 2030, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2024 to 2030. The largest consumer of calcium propionate is the Asia-Pacific region, which accounts for over 50% of the global consumption. The feed industry is the primary application field for calcium propionate, accounting for over 50% of the global usage.
| Report Metric | Details |
| Report Name | Calcium Propionate Market |
| Accounted market size in 2023 | US$ 175 million |
| Forecasted market size in 2030 | US$ 260.9 million |
| CAGR | 5.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Niacet, Eton Food, Shandong Tongtai Weirun, Addcon, Lianyungang Nuoxin, Impextraco, Shuren Kechuang, Macco Organiques, Jiangsu Mupro IFT, RuGao ChangJiang Food, Fine Organic Industries, A.M Food Chemicals, Tengzhou Aolong Chemical, Perstorp AB, Real S.A.S. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
