One of the common food additives, calcium propionate is commonly used in a wide range of food products like breads, baked goods, dairy products, processed meats and other products. It is also used in agriculture as antibacterial and feed supplement. Global calcium propionate market is gaining steady and positive growth since past few years. Rising demand is the strongest driver for the industry to continue growing at a significant compound annual growth rate. Advancing technologies and growing concerns for food and feed safety are also significantly responsible for the growing progress chart of the industry.
Overview of Calcium Propionate Industry
Calcium propionate is emerging to be one of the most essential antimicrobial preservatives. Growing global concerns for food safety and animal feed safety have increased demand for these food additives in various parts of the world. Apart from safety, rising concerns about shelf-life stability of the food products is also a major driver for the industry. as a result, these additives are widely used in various food products including dairy products, processed meats, breads, baked goods, confections, dairy based drinks, whey, cotton cream, condensed milk, edible ice, vegetables, dried and processed fruits, breakfast cereals, sauces, food supplements, formula foods, fat spreads and fat emulsions. Calcium propionate holds equal importance in agriculture industry, where it is commonly used to prevent milk fever in cows. It is also used as a powerful feed supplement.
Rising demand, concerns for food security, demand for livestock based food products, and government rules and regulations about food additives are some essential driving factors for global calcium propionate market. Inclination of global dairy market towards calcium propionate is also a vital factor responsible for the growth in this industry. According to the market research reports, the global industry is expected to grow at a CAGR of over 5% from 2013 to 2018. In 2012, the market volume for calcium propionate was 123,800.0 tons, which is anticipated to become worth 165,903.8 tons by the end of 2018. In terms of revenue, calcium propionate market is expected to grow from $220.6 million in 2012 and become worth $312.7 million by the end of 2018. Both Europe and NA are mature markets, while APAC, LA and MEA are expected to witness strong progress during the forecasting period.
Increasing population, growth in disposable income and economic stability in Asia Pacific, Middle East and Africa and Latin America are projected to be the contributing factors for this growth.