Albany, NY -- (SBWIRE) -- 05/23/2019 -- Calcium Propionate Market – Snapshot
Calcium propionate, also commonly known as calcium propanoate, is produced through fermentation of bacteria. It is a natural salt available in small quantities in many food items. Calcium propionate is added to food items, as it keeps them fresh by preventing the growth of bacteria and mold. Calcium propionate acts as an antimicrobial agent; it kills microorganisms such as bacteria, algae, viruses, and fungi. It is considered an ideal bakery preservative. Additionally, calcium propionate is utilized in feed supplement to prolong the shelf life of food products.
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Rise in demand for preserved food is the major factor expected to drive the calcium propionate market during the forecast period. Increase in awareness about health in the food industry is also anticipated to boost the calcium propionate market. Calcium propionate offers various functional properties in different product lines. This coupled with the relatively lower cost of calcium propionate vis-à-vis other food preservatives is projected to propel the market in the near future. However, rise in demand for natural food preservatives is likely to hamper the market. Implementation of stringent government regulations on the production of synthetic food preservatives is also estimated to negatively impact the calcium propionate market. Nevertheless, untapped markets in emerging economies such as Asia Pacific, Latin America, and few regions of Africa offer immense opportunities to the calcium propionate market.
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The calcium propionate market has been segmented based on application and region. In terms of application, the market has been divided into bakery, dairy, meat processing, animal feed, beverages, packaged food products, and others. In terms of value, bakery was the major segment of the calcium propionate market in 2018, owing to the high consumption of bread across the globe. Calcium propionate is used primarily in breads to prevent the growth of molds and bacteria. The meat processing segment is projected to expand at a faster pace than other segments during the forecast period. This can be ascribed to the rise in demand for calcium propionate as preservative to avoid contamination in processed meat products. Packaged food products is also anticipated be a lucrative segment owing to the rise in consumer preference for packaged food, primarily in countries such as India, the U.S., China, and Brazil.
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High degree of competition exists among players operating in the global calcium propionate market. Dominated by large players, the market is moderately consolidated. Key players account for major share of the market. Prominent players profiled in the report are Niacet Corporation, Kemira, Macco Organiques Inc., Perstorp Holding AB, AB Mauri, A.M Food Chemical Co. Limited, Addcon GmbH, ABF Ingredients, Cargill Corporation, Chr. Hansen Holding A/S, BASF SE, and The Dow Chemical Company.