Calcium Propionate Industry 2020- Size, Trends, Overview, Demand and Forecast to
Posted by Mangesh Mahajan on March 25th, 2020
Calcium Propionate Market can be derived from a reaction of calcium hydroxide with propionic acid. The process can be natural as some types of butter and cheese contain this. It comes in various forms like powder, liquid, and compressed. For dairy products, animal feedstock, and agricultural applications, it finds application as a mold inhibitor. The global calcium propionate market is expected to gain grounds on the basis of its varied application in the food industry and have substantial CAGR during the forecast period (2018-2023). Market Research Future (MRFR) has clearly mentioned the possibilities of the market to attain better growth in the coming years.
Several features like the ability to increase shelf-life, work against the varying storage condition triggered by temperature and humidity, high ingress in bakery, animal feed, and farming process, as nutritional supplements for pets, and anti-microbial nature are expected to make sure that the global calcium propionate market rises at a comfortable rate. Calcium propionate acts as a food preservative and is used to increase the shelf life of the bakery products. The product is influenced by the varying storage conditions such as low temperature and humidity. Calcium propionate is cost-effective and has minimum toxin level. Also, the product has substantial traction from then pharmaceuticals and cosmetics segment.
The Asia Pacific is the fastest growing region in terms of value in the global calcium propionate market. The bakery product applications segment holds a major share of the market in this region. The change in lifestyle and food consumption pattern coupled with the growing population is driving this regional market. Countries such as China, India, Japan, and others are the major contributors to the regional market growth. Also, the increasing use of pesticides in these agricultural countries for better productivity is likely to propel the market growth.
Developing economies such as Mexico and Brazil are substantially contributing to the growth of the market in Latin America due to the surging food industries in this region. Furthermore, the growing food and beverage industries in the Middle East & Africa is most likely to favor this regional market.
The Global Calcium Propionate Industry is segmented on the basis of applications, and region.
On the basis of the application, the global calcium propionate is segregated into bakery products, dairy products, animal feed, agricultural applications, and others.
Top Key Players
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About the AuthorMangesh Mahajan
Joined: July 17th, 2019
Articles Posted: 502
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