Future Market Insights has announced the addition of the “Calcium Propionate Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025" report to their offering.
London, UK -- (SBWIRE) -- 09/28/2015 -- Calcium Propionate is an organic salt formed by the reaction of calcium hydroxide and propionic acid and it is primarily used as a food preservative (mainly in baked food products) due to its ability to prevent growth of harmful microorganisms such as molds. Although it is not toxic to these organisms, but it restricts them from reproducing and causing health risk to humans.
Several studies indicate that calcium propionate is the one of the safest food preservatives used. It is approved by FDA as GRAS in North America. Apart from baked food items, it is also used as a preservative in chocolate, processed meat, processed cheeses, fruit preserves, and tobacco industries.
The global market of calcium propionate is moving up the ladder in the antimicrobial category of food preservatives due to the growing concerns of customers towards fresh food, hygiene and long shelf life products.
Segmentation of Calcium Propionate Market
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Segmentation on basis of application:
Major application fields of calcium propionate are Bakery, Feed, Dairy and Processed Meat.
Various variety of bakery products such as breads, cakes, rolls etc. are prone to fungal spoilage due to the constituents they carry which can affect their shelf life. Thus, calcium propionate becomes a substantial tool to preserve these yeast based products. Additionally, other preservatives like sodium propionate can replace calcium propionate in every product except bakery. Due to these reasons bakery industry dominates the market share of calcium propionate. However, due to price range calcium propionate is most widely used than sodium propionate as antimicrobial in food.
Calcium propionate is also used in preserving the feed and ingredients used in food which are susceptible to microbial and fungal infestation due to their nutritive value. Since animal feed is an essential link within the food chain, preserving them is important to slow down the process of spoilage so as to maintain the palatability of feed. Additionally, calcium propionate also acts as a nutritive supplement for livestock feed and is used in treating milk fever in cows. These reasons make feed industry one of the fastest growing segment in calcium propionate market.
Calcium propionate market of Dairy industry is also growing with a brisk pace due to its advantages, like less toxicity and superior functionality, over other contemporaries.
Segmentation on basis of regions:
Calcium propionate market is sub-segmented into 7 key regions- North America, Latin America, East Europe, West Europe, Asia Pacific excluding japan and Middle East & Africa.
North American and European markets are fairly mature and generate the maximum revenue in the calcium propionate market as the consumption of "ready to eat" food is deeply rooted in their eating habits.
In other regions such as Latin America, Asia-pacific, and the Middle East & Africa, calcium propionate market is witnessing a steady growth due to increasing population, changing lifestyles and the rise in disposable incomes. Asia-Pacific is estimated to be the fastest growing market for calcium propionate followed by Latin America, Middle East & Africa, which exhibit rapid gains in this market.
The emerging economies such as Brazil, Russia, India, China and South Africa are leading in the demand of calcium propionate.
Drivers and Restraints
Increasing demand for food preservation in various industries, less toxicity as compared to its counterpart ingredient, wide range of functions (like an additive in cow feed or as pesticides for plants) are some of the key factors that are driving the calcium propionate market.
Also calcium propionate is preferred over sodium propionate due its lower cost and to reduce intake of sodium in the diet. The product demand is increasing in the emerging markets like Asia-Pacific and Latin America, therefore proper expansion planning, focus on various R&D and innovations to launch new products would be a great opportunity.
The production volumes are hindered by the factors like increasing demand of non-preservative food, scarcity of raw materials and its rising prices.
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Major Key players in the global market of calcium propionate includes – Perstorp Holdings, Macco Organiques Inc., Niacet Corporation, Krishna chemicals, AB Mauri, Niacet Corporation, Corbion (previously known as CSM), Fine Organics and A.M food chemicals Co. ltd.
With the continuous improvisations in their sales strategies and new product formulations, these companies are trying to cement their positions in global market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market applications and product type.
The report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis includes