Market Scenario
The Carbon Fiber Prepreg Market Share is projected to be worth USD 536.97 Million by 2028, registering a CAGR of 5.78% during the forecast period (2020–2028). owing to the increasing demand from the food and beverage industry, asserts Market Research Future (MRFR). Calcium propionate occurs naturally in some types of cheese and butter. Chemically, calcium propionate is synthesized by reacting calcium hydroxide with propionic acid. It is used as a food preservative and is used to increase the shelf life of bakery products. Available in several forms such as liquid, powder, and compressed, calcium propionate is used as a mold inhibitor in dairy products, agricultural applications, and animal feedstock.
Drivers and Restraints Impacting the Market
With the growing food and beverage industry, the market for calcium propionate is expected to foster. With the change in lifestyle, there has been a change in food consumption pattern. Increasing demand for ready-to-eat and processed food is likely to stimulate the growth of the market during the assessment period. As calcium propionate is cost-effective and less toxic compared to other substitutes such as sulfites and sorbates, the demand for the product is considered to grow. Also, growing demand for the product in cosmetics and pharmaceuticals to retard the microbial growth and prevent spoilage is estimated to favor the market growth at a global level.
On the other hand, a shift in consumer preference for fresh food items over preservatives is likely to retard the market growth. The shifting trend is forcing the food industry to focus on natural products which are further inhibiting the market growth.
Global Calcium Propionate Market: Segmental Analysis
The global calcium propionate market has been segmented on the basis of application and region.
By mode of application, the global calcium propionate market has been segmented into bakery products, animal feed, agricultural application, pharmaceuticals, pesticides, cosmetics, dairy products, processed meat, and others. Among these, the bakery products I considered to be the most lucrative application segment and holds the largest market share. Calcium propionate can be mixed with flour easily which prevents the microbes from producing energy. The product is extensively used in baked goods and bread, noodles, pasta, and breakfast cereals. It prevents formation of mold and rope and extends the normal shelf life of the food products.
Regional Insights
Geographically, the calcium propionate market span across Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
North America is considered to be the largest consumer of calcium propionate and accounts for 35 % of the market share. The growth is attributed to the high production and consumption of bakery and easy-to-make food products such as pasta and noodles. The major contributors in this region are Canada and the U.S.
Europe is estimated to be the second largest region in terms of market share and is expected to register a considerable growth. The growth is attributed to the increasing awareness of food safety and the need to increase the shelf life of the food items. The major contributors in this region are France, U.K., Germany, Italy, and Spain.
Asia Pacific is presumed to be the fastest emerging region owing to the growing population and their changing food habits especially in countries such as Australia, China, Japan, and India.
Competitive Analysis
The key players operating the calcium carbonate manufacturer are
Niacet (U.S)
ADDCON (Germany)
Perstorp Orgnr (Sweden)
Impextraco NV (Belgium)
Triveni Chemicals (India)
Kemira Oyj (Finland)
Cargill Incorporated. (U.S)
Macco Organiques Inc (Czech Republic)
AB Mauri India Pvt.Ltd. (India)
Kemin Industries Inc. (USA)
Eastman Chemical Company (U.S)
Krishna Chemicals (India)
A-M chemicals Co. Ltd (China)
BASF SE (Germany)
and Fine organics (India).
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