Calcium Inosinate Market Size, Share, Growth Report 2032

Industry Prospective:

The global calcium inosinate market size was worth around USD 1000 million in 2021 and is predicted to grow to around USD 1350 million by 2030 with a compound annual growth rate (CAGR) of roughly 3.85% between 2022 and 2030. The report analyzes the global calcium inosinate market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the calcium inosinate market.

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Calcium Inosinate Market: Overview

Calcium inosinate is a salt based on calcium and falls under nucleoside inosine. As per the European numbering system for food additives, it has been termed E633. It is widely used as a flavor enhancer and a food additive. The final taste of any product is not just determined by the presence of the aromas in the original mixture and additional flavorings, but it is influenced by other agents like flavor enhancers or also known as taste enhancers.

The compounds do not have any taste of their own but simply intensify the taste of the food product they are added to when mixed in the right proportions. They are generally amino acids and nucleoids based. A food additive is a substance that is added to a particular food item, aids the prevention of the flavor, and helps in enhancing qualities like texture, and appearance.

Key Insights

• As per the analysis shared by our research analyst, the global calcium inosinate market is estimated to grow annually at a CAGR of around 3.85% over the forecast period (2022-2030).
• In terms of revenue, the calcium inosinate market size was valued at around USD 1000 million in 2021 and is projected to reach USD 1350 million, by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on end-user segmentation, food manufacturing companies were predicted to show maximum market share in the year 2021
• Based on application segmentation, canned and semi-cooked products were the leading revenue-generating applications in 2021.
• On the basis of region, Asia-Pacific was the leading revenue generator in 2021

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Covid-19 Impact

Covid-19 impacted almost all sectors and industrial units and it caused major disruptions in the global market cap as well driven by the closure of production units not only in the food-manufacturing sector, resulting in lowered demand, but units producing the food enhancer itself suffered losses as a result of non-availability of raw material and lack of human resources.

Calcium Inosinate Market: Growth Drivers

Globalization to propel market growth

The global calcium inosinate market is projected to grow owing to rising globalization and modernization which has brought various food cultures together and is more accessible resulting in more people consuming food items that are, otherwise, not a part of regular diet forms. Modernization has also increased the awareness rate amongst consumers about the presence of various ingredients from across borders and their health benefits causing a rising trend of increase in restaurants offering cuisines from across countries.

For instance, Sushi, a traditional Asian cuisine, is mostly consumed in Japan, China, and Korea and gained worldwide popularity. As of 2022, there are more than 16000 sushi restaurants in the United States, which is 3.6% higher than the number of sushi-selling units in 2021. There is a significant rise in the income capacity of the population which is related to modernization and higher job availability, consequentially increasing the disposable income of families even in developing economies, allowing them to explore food items that are not stable in the country or region

Calcium Inosinate Market: Restraints

Nonuniform take of governments on taste enhancers to restrict market expansion

The global market cap is expected to witness restricted growth owing to the nonuniformity of the use of taste enhancers and calcium inosinate in the food industry. While some countries allow producers to use calcium inosinate, in established quantities only and it is highly regulated by responsible regional authorities, some countries have prohibited the use of the compound as a food additives citing health concerns. A globally standardized directive is required relating to the use of calcium inosinate as international food manufacturers face issues when dealing with cross-country production of food products

Calcium Inosinate Market: Opportunities

A growing number of restaurants provide expansion opportunities

The hotel industry has been a significant part of globalization. Even though the sector took a major hit during the pandemic and is recovering from the losses as of current times, it is projected to grow in the coming year if the focus lies on product innovation and sustainable ways of growth. As the hotel and restaurant sector grows, so will the demand for calcium inosinate owing to its flavor-enhancing capabilities. For instance, full-service restaurants are expected to grow at a CAGR between 9 to 11% in the coming five years.

Calcium Inosinate Market: Challenges

Health concerns related to overconsumption of food additives to challenge market growth

The global calcium inosinate market is expected to face major challenges owing to the health concerns raised by the various regional food regulatory bodies over the prolonged consumption of external food additives and taste enhancers, especially in infants and children. There is a growing number of people choosing non-processed food items and products in their natural forms since they offer better health results which may lead to lesser demand for artificially generated calcium inosinate.

Calcium Inosinate Market: Segmentation

The global calcium inosinate market is segmented based on application, end-user, and region

Based on application, the global market segments are oil & fats, spreads, canned & semi-cooked products, ready-to-eat, and desserts. The market is led by canned and semi-cooked products. As of 2020, more than 217 million of the American population is known to consume canned food items

Based on end-user, the global market is divided into food manufacturing companies, hotels, cafes, and others, with food manufacturing companies generating the highest revenue. Danone, a food manufacturing giant registered a revenue of USD 28.3 billion in 2020

Recent Developments:

• In April 2021, BASF, a German multinational chemical company, created a website containing information on the formulation and performance of additives created by the company. The platform will allow users to gain faster access to information pertaining to BASF additives, recommendations, and formulations along with other multiple value-adding features. The newly launched website aims at fulfilling the rising market demand for strict regulatory requirements as well as sustainability and performance
• In May 2020, Salt of the Earth Ltd launched a new clean-label taste enhancer called the Mediterranean Umami composed of native starch and sea salt. The product is claimed to savor the taste while also reducing sodium content by 50%, thus proving to be more healthy, especially for people with heart conditions.

Calcium Inosinate Market Report Scope:

Calcium Inosinate Market: Regional Analysis

Asia-Pacific to generate the highest CAGR in the coming years

The global calcium inosinate market is projected to grow significantly in Asia-Pacific driven by the presence of a number of players in China, owing to the rising food consumption demand as a consequence of the increasing population and rising number of middle-income groups. China is on the way to becoming a global leader with self-reliance as one of the driving mottos for economic growth which has resulted in the government investing heavily across sectors. For instance, in 2009, the Chinese government spent around USD 356 billion on food per capita while the number increased to USD 814 billion in 2018.

Some of the other emerging economies may also register significant growth owing to the increasing demand for packaged food influenced by easy accessibility and variety of the products offered. North America may witness slow growth since the United States has banned the use of food additives.

Calcium Inosinate Market: Competitive Analysis

The global calcium inosinate market is home to players like The TNN Development Ltd., Gulshan Polyols Ltd. (GPL), Triveni Interchem Pvt. Ltd., Nanjing Jiayi Sunway Chemical co., A.M. Food Chemical (Jinan) co., Ltd., Henan Fengbai Chemical Co., Ltd., Qingdao Develop Chemistry Co., Shenyang Kinetika Biotech Co., Ltd., Ltd., Shaanxi Top Pharm Chemical Co., Ltd., and Hugestone Enterprise Co., Ltd.

The global calcium inosinate market is segmented as follows:

By Application

• Oil & Fats
• Spreads
• Canned & Semi-Cooked Products
• Ready-to-Eat
• Desserts

By End-User

• Food Manufacturing Companies
• Hotels
• Cafes
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa