Calcium propionate Market Research Report Forecast till 2028
Calcium Propionate Market Overview
The calcium propionate market size is anticipated to register a healthy market expansion at 5.78%during the review period to reach a highest market value of USD 536.97 Million by the end of 2028. Calcium propionate is a natural salt found normally during the reaction of calcium hydroxide with propionic corrosive. Calcium propionate improves the time span of usability of a few items by keeping mold and different microorganisms from developing and creating. It is utilized as a food fixing to expand the time span of usability of an assortment of items, including bread and other heated food sources, handled meat, and whey and other dairy items. Administrative organizations, for example, the FDA and the WHO have endorsed calcium propionate for use in different food items.
The global calcium propionate market is anticipated to register a healthy market expansion during the review period owing to a highest market worth of USD 342.43 Million in 2020. Calcium propionate is prominently more financially savvy for food and sustenance safeguarding than different additives, including sodium propionate, sorbic corrosive, and sorbates. Calcium propionate aids the disposal of possibly hurtful microorganisms found in grains, bringing about better creature feed. The development of the calcium propionate market might be hampered by options, for example, sodium propionate. The sodium type of propanoic corrosive, sodium propionate, can be treated as an additive in food, controlling the market development over the estimate time frame. However, the growth of the calcium propionate market may be hampered by alternatives such as sodium propionate. Also, sometimes the sodium form of propanoic acid, sodium propionate used as a preservative in food is expected to limit the market growth during the review period.
The global calcium propionate market is classified in terms of application and region. Based on application the global market is divided into dairy and frozen products, bakery products, Pesticides and Fungicides, pharmaceuticals animal feed and others.
The worldwide calcium propionate market has been partitioned, geographically into five major regions namely Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.
European market is anticipated to rule the worldwide market development during the evaluation time frame. The regional market development is attributed to the rising admission of bread and pastry shop items. Additionally, there is a developing pattern in Germany and France to extend the creation of cut and wrapped bread, which ultimately fuels the market growth. North America represented the second-biggest market portion owing to a CAGR of 23.76 % in 2020 and is supposed to enlist a moderate CAGR during the figure time frame. Besides, Asia-Pacific is projected to observe the quickest development during the estimate time frame. Latin America and Middle East and Africa is anticipated to register worthwhile market over the projected time frame.
The key players operating in the global calcium propionate includes A.M Food Chemical Co., Perstorp Holdings AB (Sweden), Calpro Specialities (India), Impextraco NV (US), Eastman Chemical Company (US), Fine Organics (India), Kemin Industries, Inc. (US), Kemira (Finland), Macco Organiques Inc. (Canada), and Niacet (US).
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