The global calcium propionate market was valued at US$ 264.0 Mn in
2017 and is anticipated to expand at a CAGR of 5.3% from 2018 to 2026,
according to a new report titled ‘Calcium
Propionate Market: Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2018–2026,’ published by Transparency Market Research
(TMR). The global calcium propionate market is primarily driven by the rise in
demand for calcium propionate as preservative in bakery, meat processing, and
packaged food products.
Increase
in Demand for Calcium Propionate as Food Preservative to Drive Market
Global
expansion in the preserved food industry is boosting the demand for calcium
propionate, as calcium propionate acts as an antimicrobial agent to kill
microorganisms such as bacteria, algae, viruses, and fungi. Thus, it prolongs
the shelf life of food products. For instance, growth in demand for bakery
products in Canada and rapid development in the bakery industry in Southeast
Asia are key factors expected to drive the global calcium propionate market.
Studies indicate that calcium propionate is one of the safest food additives
used in the food industry. The U.S. Food and Drug Administration has not placed
any limitations on the use of calcium propionate in foods. Besides baked goods,
it is commonly employed as preservative in processed cheese, chocolate
products, and fruit preservatives. Furthermore, the tobacco industry has been
utilizing calcium propionate as preservative in some of the products. Since the
last few years, the food & beverages industry has been focusing on using
natural preservatives to meet the demands of health conscious consumers.
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Increase
in Need for Convenience Foods Creates Demand for Calcium Propionate
Busy
lifestyles have led to a rise in demand for easily consumable products that are
not affected by bacteria. However, the alarming rise in health issues faced by
consumers has made them aware of the benefits of healthy and nutritive
convenience food products. The need to minimize the intake of fats and calories
is influencing the demand for specific functional food variants. Calcium
propionate is considered to be one of the additives that avoids the spoilage of
food products, especially during transportation. It possesses antimicrobial
properties that improve efficiency and processing tolerance, and extend the
shelf life of various food products. Thus, increase in demand for calcium
propionate is anticipated to boost the calcium propionate market in the near
future.
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Stringent
Government Regulations to Hamper Market
Many
countries have enacted stringent regulations (pertaining to food quality and
safety) on the usage of preservatives. This is estimated to restrain the global
calcium propionate market. Different organizations including the U.S. Food and
Drug Administration (FDA) have set safety standards to determine whether a
preservative is safe enough or not. Different food preservatives are currently
banned in different parts of the world. This is acting as a barrier for the
calcium propionate market. For instance, calcium propionate is authorized for
usage in food and technology additives in Europe. However, the usage rate in
Southeast Asia may be higher compared to that in Europe, as conditions are more
favorable for growth of bacteria in the former. The impact of this restraint is
high at present and is expected to be medium during the forecast period.
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Bakery
Segment to Dominate Global Calcium Propionate Market
Based
on application, the global calcium propionate market has been segmented into
bakery, dairy, meat processing, animal feed, beverages, packaged food products,
and others. Bakery was the major segment of the market in 2017. It is expected
to dominate the market during the forecast period. Calcium propionate includes
calcium ions that interfere with the chemical leavening agents present in
bacteria and yeast, which are the key ingredients of bakery products. Calcium
propionate can be mixed into flour easily. Flour is the key ingredient of
bakery products. Calcium propionate prevents microbes from producing the energy
they need. It is a widely used preservative in bread and baked goods. Other
grain foods that are preserved with calcium propionate include pasta, breakfast
cereals, and noodles. Calcium propionate prevents the formation of rope and
mold and extends the shelf life of bread and baked goods.
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Europe
Dominates Global Calcium Propionate Market
Based
on region, the global calcium propionate market has been segregated into North
America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Europe led the global market in 2017. The market in the region is estimated to
expand at a steady pace during the forecast period due to the high demand for
calcium propionate in various industries such as bakery, dairy, and animal
feed. Rise in number of industries in Asia Pacific and high demand for calcium
propionate in developing countries are the key factors hampering the development
of the market in Europe. Demand for calcium propionate is poised to increase
further in Europe due to the ban imposed on antibiotics in some applications.
Demand for preserved products in North America has been increasing owing to the
stringent food security regulations and rise in usage of these in
livestock-based products.
The
global calcium propionate is driven by the expansion in end-use industries.
Rise in quality animal feed products and increasing need for animal feed grain
preservation are boosting the global calcium propionate market.
High
Degree of Competition among Market Players
High
degree of competition exists among players operating in the global calcium
propionate market. The market is dominated by large players and is moderately
consolidated. Major players account for more than 65% share of the market.
These key players include Perstorp Holding AB, Niacet Corporation, Kemira,
Macco Organiques Inc., and AB Mauri. Perstorp Holding AB produces and supplies
calcium propionate in North America, Latin America, Europe, Africa, and Asia
Pacific.
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