Pune, India -- (SBWire) -- 05/02/2018 --Calcium Propionate Market – Market Overview

Calcium propionate is chemically synthesized by reacting calcium hydroxide and propionic acid. It exhibits mold inhibiting characteristics and is highly used in various dairy products, animal feedstock, and agricultural applications. The increasing use of calcium propionate as a food preservative and food additive is likely to propel the product demand in food & beverage industry. Calcium propionate is known to increase shelf life and stability of dairy products. Moreover, it is used as a pesticide and fungicide which is expected to augment the product demand in agriculture sector owing to the lack of arable land and the increasing consumption demand. Additionally, the product offers anti-bacterial properties which is extensively useful in pharmaceuticals and cosmetics to prevent their spoilage. However, the shifting focus of consumer towards chemical free and organic eatables may challenge the market growth over the review period.

A-M chemicals co., Ltd (China), ADDCON (Germany), Fine organics (India), Kemira Oyj (Finland), Impextraco NV (Belgium), Niacet (U.S), Cargill Incorporated. (U.S), BASF SE (Germany), Triveni Chemicals (India), Kemin Industries, Inc. (USA), and Eastman Chemical Company (U.S) among others are some of the prominent players at the forefront of competition in the Global Calcium Propionate Market and are profiled in MRFR Analysis.

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Calcium Propionate Market- Competitive Landscape

The global Calcium Propionate market is witnessing rapid growth primarily driven by growing demand from food and beverage industry. A-M chemicals co., Ltd, ADDCON, Kemira Oyj, Impextraco NV, Niacet, Cargill Incorporated, BASF SE, Kemin Industries, Inc. are the leading players in global calcium propionate market. Some of the key developments observed in the market are adoption of the acquisition, merger, and expansion by players to strengthen their market position and meet the growing demand. Growing agriculture, pharmaceuticals, and cosmetics industries coupled with the continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors for the growth of Calcium Propionate in the global market. Considering these trends, the global Calcium Propionate market is set to witness considerable competition over the forecast period of 2017-2023.

Industry/ Innovation/ Related News:

February 02, 2017- SK Capital Partners, a private investment firm mainly disciplined with specialty chemicals, materials, and pharmaceuticals sector completed the acquisition of Niacet Corporation, a global leader in propionate and acetates and a leading manufacturer of specialty ingredients for food, animal feed, and pharmaceutical applications. This acquisition was made as a result of SK Capital's strategy of investing in niche market leaders in segments where they have significant industry, operating, and ownership experience. This investment exemplified the SK Capital's power of sector-focused strategy where significant commercial and cost synergies can be generated across portfolio companies.

August 04, 2017- Niacet Corporation announced to expand its calcium and sodium propionate production capacity of 75 million pounds, which was enabled due to the availability of low cost raw materials. This new, cost effective capacity can be attributed to the Niacet's acquisition by SK Capital Partners and is used to improve its service and to meet the global demand in food, pharmaceuticals, and feed applications for existing as well as new customers. This expansion was expected to be on stream in 2018.

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September 26, 2017- ADDCON, a German based leader in green chemistry has signed a distribution agreement with Blendtek Ingredients Inc., a food ingredients and solutions company to distribute ammonium bicarbonate and calcium propionate in North American market, especially in Canada. The supplied ammonium bicarbonate and calcium propionate are used to create a wide range of shelf stable bakery products such as crackers, snacks, breads, and cookies.

February 14, 2018- Niacet Corporation announced to re-enter the animal feed markets in Middle East & Africa and Asia Pacific with its newly launched product Calprona in March, 2018. Also, it will re-launch its products of animal feed in the American market, mainly focusing on spoilage prevention, feed hygiene and animal nutrition.

April 03, 2018- Kemin Crop Technologies, an initiative of Kemin Industries focussed on providing solutions for commercial horticulture, announced a distribution agreement with Plant Products, a distribution company within the specialty horticulture industry located in Canada and the U.S. This agreement is expected to result in fulfilling the needs of current and prospective Kemin customers.

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