[110 Pages Report] The calcium propionate market is estimated at USD 277.1 million in 2018 and is projected to reach USD 363.3 million by 2023, at a CAGR of 5.6%. The growth of the calcium propionate market is driven by factors such as an increase in demand for clean-label food products with extended shelf life and the cost-effectiveness of calcium propionate as compared to other preservatives. Stringent legislation and regulations with respect to food safety and shelf life have made it difficult for food and feed processing industries to getting the right formulation of ingredients along with preservatives without affecting the product quality, which acts as a major restraint for the calcium propionate market.

See how this study impacted revenues for other players in Calcium Propionate Market Client�s Problem Statement Our client, an American food additive manufacturer, wanted to understand the different uses of calcium propionate in the food industry and related demand among target customers in the region. MnM Approach In its study, MNM provided a comprehensive understanding of the market potential of calcium propionate in terms of sub-applications such as bakery, dairy and frozen desserts, meat, and fish and seafood.

We also interviewed potential customers in end-use industries to ascertain their needs and demand for calcium propionate in different food products, as well as understand in what forms they prefer to add calcium propionate in different food applications. Revenue Impact (RI) Our findings helped the client analyze the regional market, upcoming application segments, and competitor strategies of different players. The study also allowed the client to devise its market penetration strategy and target new revenue sources, with projected revenue of USD 3�4 million in five years. The client was able to understand the key emerging applications of calcium propionate in the food industry and the potential market in the US. Consult our Analyst now

�The demand for dry calcium propionate is exhibiting steady growth.�

On the basis of form, the dry segment is projected to exhibit a higher CAGR from 2018 to 2023. The dry segment led the market for calcium propionate. The growth of dry calcium propionate is attributed to factors such as ease of mixing and better dispersion throughout the food matrix; additionally, dry calcium propionate does not affect the leavening action of baking powder in bakery products.

�The food segment is set to dominate the calcium propionate market in 2018�.

On the basis of application, the food segment is estimated to dominate the calcium propionate market in 2018. Calcium propionate is highly used in bread in the food industry. The growth of the bread industry, especially in the developing economies, owing to high per capita bread consumption, fuels the demand for calcium propionate.

On the basis of form, the dry segment accounted for the largest market share due to factors such as ease of mixing and better dispersion throughout the food matrix. Additionally, dry calcium propionate does not affect the leavening action of baking powder in bakery products. Furthermore, dry form has a longer shelf life, facilitates better dispersion throughout the food matrix, and enhances flavor.

�Asia Pacific is projected to witness the highest growth rate during the forecast period.�

Asia Pacific is projected to be the fastest-growing market for calcium propionate during the forecast period. The consumption is driven by rapid urbanization, economic growth, and rise in purchasing power of the middle-class population, leading to increased bakery & convenience food purchases in the region. The region is an emerging market for calcium propionate, with investments from several multinational manufacturers, especially in countries such as China, India, Japan, Australia, and New Zealand.

Market Dynamics

�Increasing health concerns of consumers are driving the market for calcium propionates�

The market for calcium propionate is driven by this rising demand for nutritional food and the increasing health consciousness among consumers. The preference of natural food additives over synthetic ones to eliminate health concerns also increases the demand for calcium propionate.

The food industry has begun using natural calcium propionate to make it as safe to consume as organic calcium salt of propionic acid, which is produced by fermentation with a selected strain of propionibacterium. The food industry also uses advanced technologies such as bacteriophages, MAP, and alternative preserving techniques combined with preservatives to maintain the quality and safety of food.

�Stringent regulations are a major restraint.�

Stringent legislations and regulations with respect to food safety and shelf life have meant that processing industries are keen on getting the right formulation to present the best food product to the consumer, and preservatives play a pivotal role in this aspect. Local and regional regulations are required to be checked for allowed applications and dosage levels. The stringent regulations pertaining to quality and food safety are projected to restrain the global calcium propionate market growth. For instance, in the US, the usage level of propionic acid and propionates is 0.1% to 0.4%. According to federal regulations, the addition of calcium propionate to a food product raises the pH by approximately 0.1 to 0.5 pH units depending on the amount, pH, and type of product. Also, federal regulations limit the maximum level for flour, white bread, and rolls at 0.32% based on the weight of the flour; for whole wheat products at 0.38% based on the weight of the flour; and for cheese products at 0.3%. Such stringent monitoring and regulations restrain the market growth.

�Untapped emerging markets are providing growth opportunities.�

The Middle Eastern & African countries are increasingly adopting calcium propionate due to changes in consumer lifestyles and increasing demand for fresh products. Asia Pacific is the second-largest market for calcium propionate after North America in 2023, owing to the increased awareness about calcium propionate and the benefits offered. It remains one of the important markets for calcium propionate manufacturers due to its size and its regulatory environment.

Scope of the Report

Report Metric Details Market size available for years 2016�2023 Base year considered 2017 Forecast period 2018�2023 Forecast units Value (USD Million) and Volume (KT) Segments covered Application, Form, and Region Geographies covered North America, Europe, Asia Pacific, and RoW Companies covered Niacet (US), Impextraco (Belgium), ADDCON (Germany), Kemin Industries (US), Macco Organiques (Canada), Bell Chem (US), Krishna Chemicals (India), AM Food Chemicals (China), Associated British Foods plc (ABF) (UK), Fine Organics (UK), Real S.A.S. (Columbia)

On the basis of form, the calcium propionate market has been segmented as follows:

Dry

Liquid

On the basis of application, the calcium propionate market has been segmented as follows:

Food

Feed

Others (Pharmaceuticals and agriculture)

On the basis of region, the calcium propionate market has been segmented as follows:

North America

Europe

Asia Pacific

RoW (South America and the Middle East & Africa)

Break-up of Primaries:

By Company Type: Tier 1 - 45 %, Tier 2 - 33%, and Tier 3 - 22%

Tier 1 - 45 %, Tier 2 - 33%, and Tier 3 - 22% By Designation: C-level - 33%, D-level - 45%, and Others* - 22%

C-level - 33%, D-level - 45%, and Others* - 22% By Region: North America - 11%, Europe - 11%, Asia Pacific - 45%, and RoW - 33%

*Others include sales managers, marketing managers, and product managers.

Recent Developments:

In January 2018, Kemin Industries acquired its distributor Agri-Marketing Corp. (Canada) distributor for Kemin products in Canada. With this acquisition Kemin has expanded and established new location in Quebec, Canada. The development helped the company to further enhance their product portfolio and increase their production capacities.

In October 2017, ADDCON expanded its facility at the site in Parsevalstra�e, Germany to meet the increased demand and the associated requirements. As a part of the expansion, ADDCON upgraded the site in the Bitterfeld-Wolfen Chemical Park and relocated all operational functions into the new administration building at Parsevalstra�e.

In September 2017, ADDCON entered into a partnership with Blendtek Ingredients Inc. (Canada), a food ingredients and solutions company, for the distribution of ADDCON�s ammonium bicarbonate and calcium propionate. The primary focus of Blendtek was increasing the supply of ammonium bicarbonate to the North American market and calcium propionate in the Canadian market.

Key Questions addressed by the report

What are the growth opportunities in the calcium propionate market?

What are the major applications for calcium propionate?

What are the key factors affecting market dynamics?

What are some of the major challenges and restraints that the industry faces?

Which are the key players operating in the market and what initiatives have they undertaken over the past few years?

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