With the emergence and long-term Impact of COVID-19, the Global Calcium Propionate Market is to reach USD XX Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Calcium Propionate Market is poised to raise up to USD XX Billion by 2030. Calcium propionate is an organic salt employed as a food additive to preserve the freshness of various food items by inhibiting the growth of bacteria and mold. Its primary application is found in Pharmaceuticals, Food and Beverages, Animal feed, Personal care, and Other Applications, where it plays a crucial role in maintaining their freshness and extending their shelf life. Additionally, the market’s expansion is driven by the increasing consumer demand for clean-label food products that have an extended shelf life, along with functional potential of calcium propionate in new product lines.
Furthermore, calcium propionate offers a cost-effective solution compared to other preservatives, which significantly contributes to driving the market’s growth. Also, the rapid growth of the global population has fueled significant growth in the food and beverage industry. This substantial growth in the food and beverage sector serves as a significant driving force for the market. According to the data provided by the US Census Bureau, it was projected that food and drink stores in the United States would generate approximately USD 76.3 billion in monthly sales in March 2022.
Additionally, according to the United States Department of Agriculture, the total consumption value of organic packaged food and beverages in India witnessed a rise in 2021, reaching USD 96 million compared to the previous year’s 2020 value of USD 85 million. The market is expected to experience growth over the forecast period due to the rising consumer demand for processed and convenient food options such as pizzas, burgers, toast, and cakes. Moreover, the market is likely to be boosted by the increasing number of acquisitions and agreements between industry players.
However, market growth is expected to be hindered due to the implementation of stringent rules and regulations related to food safety and shelf life. Additionally, the rising consumer demand for processed and convenient food options is likely to pose a significant challenge to market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Calcium Propionate Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. The market dominance in the region is driven by the growing demand for processed food, growing pharmaceutical industry, along with increasing consumer preference for quality and fresh food products and evolving consumer lifestyles. Moreover, the market is expected to benefit from the cost-effectiveness of the product, which is projected to yield substantial gains in the forecast period.
Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as urbanization, economic growth, rising demand for animal feed, increased purchasing power, and rising demand for bakery and convenience foods. The region presents a growing market for calcium propionate, attracting investments from multinational manufacturers, particularly in countries such as China, India, Japan, Australia, and New Zealand.
The global Calcium Propionate Market is highly competitive owing to the presence of several key manufacturers such as Agailenobel, Fine Organics Industrial Ltd., Henan Chemsino Industry Co. Ltd., Impextraco NV, Jainex Speciality Chemicals, Kemin Industries, Inc., Macco Organiques Inc., and others.
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Key findings of the study suggest:
- Global Calcium Propionate Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the application segment, food and beverages emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to growing demand for processed food.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Application:
- Pharmaceuticals
- Food and Beverages
- Animal feed
- Personal care
- Other Applications
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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