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The market trends of calcium propionate showcase a dynamic landscape driven by various factors influencing its demand and supply. Calcium propionate, a food additive used as a preservative, finds extensive applications in the bakery, dairy, and meat industries. One notable trend in this market is the increasing consumer preference for clean-label and natural food products. As awareness regarding health and wellness grows, consumers are seeking products with fewer synthetic additives, thereby driving the demand for calcium propionate sourced from natural or organic sources. This trend is compelling manufacturers to innovate and develop clean-label alternatives to cater to changing consumer preferences.
Furthermore, the bakery industry represents a significant segment for calcium propionate usage, owing to its effectiveness in preventing mold growth and extending the shelf life of baked goods. With the rise in consumption of bakery products globally, especially in emerging economies, the demand for calcium propionate is expected to witness steady growth. Additionally, the meat industry utilizes calcium propionate to inhibit bacterial growth and extend the freshness of meat products. As the demand for processed and convenience meat products rises, particularly in urban areas, the market for calcium propionate in this sector is poised for expansion.
Moreover, regulatory initiatives aimed at enhancing food safety standards are influencing the market dynamics of calcium propionate. Governments worldwide are implementing stringent regulations pertaining to food additives, which require manufacturers to comply with safety and quality standards. This regulatory environment is prompting manufacturers to invest in research and development to ensure their products meet regulatory requirements, thereby shaping the market landscape.
On the supply side, the availability of raw materials for calcium propionate production plays a crucial role in market dynamics. Calcium propionate is typically manufactured through the reaction of propionic acid with calcium hydroxide or calcium carbonate. Fluctuations in the prices of these raw materials can impact the overall production costs of calcium propionate, thereby affecting its market dynamics. Additionally, factors such as production capacity, technological advancements, and geographical distribution of manufacturing facilities influence the supply chain dynamics of calcium propionate.
Furthermore, shifting consumer preferences towards plant-based alternatives is emerging as a notable trend in the calcium propionate market. With the growing popularity of plant-based diets and veganism, manufacturers are exploring plant-based sources for calcium propionate production. This trend not only caters to the preferences of vegan consumers but also aligns with sustainability initiatives, as plant-based alternatives often have a lower environmental footprint compared to their synthetic counterparts.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | · Technological advancements to enhance product development |
| Market Dynamics | · Cost-effective and functional potential of calcium propionate to boost demand · Increasing health concerns of consumers in the food industry |
Calcium Propionate Market Highlights:
Global Calcium Propionate Market Overview
The Calcium Propionate Market Size was valued at USD 0.35 Billion in 2023. The Calcium Propionate industry is projected to grow from USD 0.36 Billion in 2024 to USD 0.53 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.88% during the forecast period (2024 - 2032). Calcium propionate is a food additive that is commonly used as a preservative to prevent the growth of mold, bacteria, and other microorganisms in baked goods, dairy products, and other processed foods. It is the calcium salt of propionic acid, which is a naturally occurring organic acid produced by certain types of bacteria. Calcium propionate is generally recognized as safe (GRAS) by the United States Food and Drug Administration (FDA) and is widely used in the food industry to extend the shelf life of various food products. In addition to its use as a preservative, calcium propionate may also be used as a flavoring agent or as a source of calcium in certain foods.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Calcium Propionate Market Trends
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Customers' Growing Health Concerns in the Food Industry
Preservatives are crucial for sustaining the delivery of safe goods to clients and preventing the spoilage of food and feed. Preserving and maintaining the quality of food and feed products is a major concern for these businesses globally. Throughout the past ten years, calcium propionate has mostly been employed in bread and feed products. The main function of calcium propionate is to prevent the development of bacteria on a range of bread products that are prone to bacterial degradation. Calcium propionate is a great preservative for yeast-raised food because it prevents rotting. Also, new avenues for the use of calcium propionate in various food items have been made possible by research in several domains and the growth of the meat, dairy, and processed meat industries as well as other food purposes. As individuals become more health aware, there is a growing demand for low-calorie meals. As consumers' lifestyles have evolved, their confidence in packaged, quick meals has increased. The food category also includes fruits, salads, dressings, vegetables, diet foods, soups, sauces, and other ready-to-eat food items. It also includes bakery products, meat, dairy, frozen desserts, fish, and seafood.
China's Ministry of Commerce (MOFCOM) issued anti-dumping penalties against US propionic acid imports on Friday, after an inquiry that determined US dumping had harmed the Chinese chemical sector.
China's decision on Friday concludes an anti-dumping inquiry that began in July 2023 in response to a request by the Jiangsu Chemical Industry Association and was anticipated to last up to a year.
According to MOFCOM, importers intending to acquire the chemical from the US must pay extra deposits to Chinese customs based on the deposit rate imposed by the preliminary order, beginning Saturday.
The decision was made as the US continues to threaten higher tariffs on Chinese imports, but China's action is consistent with WTO norms, but the US crackdowns violate them, Chinese analysts said on Friday.
Calcium Propionate Market Segment Insights
Calcium Propionate Application Insights
Based on Application, the global market segmentation includes Dairy & Frozen Product, Bakery Products, Pesticides & Fungicides, Pharmaceuticals, Animal Feed, and Others. The bakery products category has the highest share. This growth is likely to continue during the forecast timeframe due to its widespread use as a preservative in bread items. The CAGR for the animal feed segment is expected to be the highest throughout the forecast period. Calcium propionate is introduced into animal feed to prevent the formation of mold or other microbes.
Figure 2: Calcium Propionate Market, by Application, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Calcium Propionate Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Europe will dominate global market expansion. Its growth is a result of the increased demand for fresh baked goods in the area. Also, increasing the production of packaged and sliced bread is becoming more popular in France and Germany. The second-largest market share belonged to North America, which is anticipated to expand at a modest CAGR during the forecast period. Asia-Pacific is also anticipated to grow the fastest throughout the projection period. A further factor driving demand in the Asia-Pacific market is the growing need for animal feed. Food made from animals is becoming in demand on a worldwide scale. The rise in demand has been addressed by commercial cattle raising and the food chains that sustain it.
Figure 3: CALCIUM PROPIONATE MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Calcium Propionate Key Market Players & Competitive Insights
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Calcium Propionate industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Calcium Propionate industry to benefit customers and expand the market sector. Major market players, including Calpro Foods, Eastman Chemical Company, Perstorp Holdings, Fine Organics, Kemin Industries Inc, and others, are attempting to increase market demand by funding R&D initiatives.
Calpro Foods manufactures and sells ingredients for bakeries. It provides a variety of products, including fruit fillings, cookie flour, muffins, bakery enzymes, fibers, and proteins.
Perstorp manufactures chemical additives for the paints and resin industries. Animal nutrition, heat-resistant plastic, plasticizers, polymer additives, safety glass, resins and coatings, automobile engine oils, aviation turbine oils, hydraulic fluids, refrigeration lubricants, and other products are available. The firm serves the automotive, aviation, metal, and other industries.
List of the Key Companies in the Calcium Propionate Market Includes
- M Food Chemical Co. Ltd
- Calpro Foods
- Eastman Chemical Company
- Perstorp Holdings
- Fine Organics
- Kemin Industries Inc
- Impextraco
- Kemira
- Macco Organiques Inc
- Niacet
- Among others.
Calcium Propionate Industry Developments
June 2021: Kerry group an Irish food ingredients firm, announced the acquisition of Niacet for about $1 billion from the private equity firm SK Capital Partners. Niacet claims itself as the largest manufacturer of organic acid salts in North America, including sodium acetate and calcium propionate, which are used in food preservation and other applications.
October 2023: BASF SE announced that it has received regulatory approval from the European Food Safety Authority (EFSA) for the use of calcium propionate as a preservative in animal feed. The company said that the approval will allow it to expand the use of its product in the European market.
April 2024: China is a significant user of propionic acid. According to MOFCOM, the country's overall consumption in 2022 increased by 26.7% over 2019. The United States has been a key supplier of propionic acid, with China's share of imports from the US increasing from 97.41% in 2020 to 100% in the first quarter of 2023.
According to media sources, the country's imports of propionic acid started to decline in 2021, while exports have progressively climbed.
Propionic acid is a valuable fine chemical product and organic synthesis raw material that is largely utilized in the manufacture of preservatives, antifungal agents, herbicides, and pharmaceutical intermediates. It has several uses in industries such as food, feed, insecticides, and medicines.
Calcium Propionate Market Segmentation
Calcium Propionate Application Outlook
- Dairy & Frozen Products
- Bakery Products
- Pesticides & Fungicides
- Pharmaceuticals
- Animal Feed
- Others
Calcium Propionate Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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