- Compressed form
Calcium Propionate Market size was valued at USD 278.0 million in 2022 and is poised to grow at a significant CAGR of 5.3% from 2023 to 2029. Calcium propionate is a food additive, which acts as an antimicrobial agent and also used as preservative in the food products. Calcium propionate is prepared by the reaction of calcium hydroxide and propionic acid. It is majorly used in the animal feed, dairy products, and agriculture applications as mold inhibitors that enhances the shelf life of the products. Moreover, calcium propionate is a source of calcium and provide energy for dairy transition cows. Calcium propionate is an organic salt formed when calcium hydroxide reacts with propionic acid. This substance can be found in crystalline or powder form. Water solubility is a feature of calcium propionate, as is its very modest solubility in alcohol. Because of its capacity to inhibit the growth of moulds and other microbes, it is used as a food preservative in bread and other baked foods. Calcium Propionate is benign to these creatures, but it prevents them from reproducing, putting humans at risk.
Fastest Growing Market
Increase in the demand for quality and fresh food products coupled with change in consumer lifestyle are expected to promote the growth of global calcium propionate market over the forecast years. Moreover, rise in number of food and feed companies, low cost of calcium propionate compared with other preservatives, broad applications of the products such as pesticide for plants, and rise in demand for processed food are anticipated to bolster the global calcium propionate market. However, stringent regulations regarding the quality and safety of foods, rise in competition from other salts of propionic acid such as sodium propionate, and consumer preference towards the organic and fresh food over preserved foods may hamper the growth of global calcium propionate market over the forecast years.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Calcium Propionate Market size was valued at USD 278.0 million in 2022 and is expected to reach USD 399.1 million by 2029.