Calcium Propionate Market Size, Share, Forecast Report 2030

Calcium Propionate Market Size & Industry Prospective:

The global calcium propionate market size was worth around USD 329 million in 2021 and is predicted to grow to around USD 568 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.61 % between 2022 and 2030. The report analyzes the global calcium propionate 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 propionate market.

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Calcium Propionate Market: Overview

Calcium propionate is derived from propanoic acid, a naturally occurring acid containing a carboxyl group that has an unpleasant and pungent odor. The chemical formula for calcium propionate is Ca(C2H5COO)2. It is the calcium salt of the carboxyl compound. The chemical has multiple applications ranging from the agricultural sector to the food & beverages (F&B) industry. In the attributed E number 2082 in the Codex Alimentarius which is a series of internationally recognized guidelines, standards, recommendations, and codes of practice that is published by the Food and Agricultural Organization, a United Nations wing.

These guidelines are related to food production, food, food safety, and food labeling. Calcium propionate has the highest applications in the bakery industry. Until a few years ago, the use of Bacillus mesentericus was a major concern for the players in the bakery segment. However, sodium propionate and calcium propionate have proven to be effective against the spread of the germ which leads to a decay in the baked goods' quality and nutritional value.

Key Insights 

• As per the analysis shared by our research analyst, the global calcium propionate market is estimated to grow annually at a CAGR of around 5.61% over the forecast period (2022-2030)
• In terms of revenue, the global calcium propionate market size was valued at around USD 329 million in 2021 and is projected to reach USD 568 million, by 2030.
• The global calcium propionate is an effective additive since it offers excellent preservation against the growth of microorganisms in food products and restricts decay of the edible items, thereby driving the market expansion.
• Based on application segmentation, the bakery was predicted to show maximum market share in the year 2021
• Based on form segmentation, dry was the leading form in 2021
• On the basis of region, North America was the leading revenue generator in 2021

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Calcium Propionate Market: Growth Drivers

Growing applications in the bakery industry to propel market growth

The global calcium propionate is an effective additive since it offers excellent preservation against the growth of microorganisms in food products and restricts decay of the edible items. This is one of the major reasons why players in the bakery industry prefer to use calcium propionate as an externally added agent over other available products. As the baked goods sector grows during the forecast period, the demand for calcium propionate is projected to grow simultaneously. It is typically added to different types of bread to improve its shelf-life and keep the item fresh for as long as possible.

The compound may be used along with other preservatives or additives like sodium propionate to improve the overall result. Bread is an essential part of regular meals across regions owing to its high carbohydrate value and the ability to provide a feeling of fullness after consumption. In 2017, more than 11.1 million Australian citizens purchased bread on a regular basis and the nation generated over AUD 4.7 billion in revenues in the same year.

Calcium Propionate Market: Restraints

Restrictions in certain countries to limit market expansion

Like other preservatives or external agents, calcium propionate is also highly regulated and its application may vary depending on the region. For instance, Russia has banned the use of the compound in food products due to various cases of bloating and allergies. Such incidents are expected to limit global market growth since they created a difficult market for international players to enter new regions. Differences in regional rules also tend to be confusing in terms of additives since calcium propionate was allowed to be used in fruit juices and cheese in Australia but for products, the regulation may vary. Since there is a lack of standard internal law, the global market is bound to incur some losses.

Calcium Propionate Market: Opportunities

Changing consumer preference to provide market growth opportunities

The global calcium propionate market is projected to benefit from the changing consumer preference and eating habits leading to the addition of new players and a rise in the number of domestic suppliers in terms of end-product. This in turn results in increased demand for ingredients required to create such food items as preservatives and additives forcing the regional government to re-analyze the regulatory standards. It also encourages market players to introduce new related products thus creating a loop of end-products and their ingredients.

Calcium Propionate Market: Challenges

 Managing the supply chain in the current political situation is a major challenge for market players

Asian countries are home to some of the largest suppliers of calcium propionate to other regions. However, the recent Russia-Ukraine war and changes in the political dynamic between the western and Asian countries could impact the smooth supply chain of calcium propionates. It will be a major challenge for the market players to navigate the shift in power dynamics to maintain their foothold in the international market.

Calcium Propionate Market: Segmentation

The global calcium propionate market is segmented based on application, form, and region.

Based on application, the global market segments are dairy, beverages, animal feed, bakery, packaged food products, and others. Although the compound is used across sectors, in 2021, the global market was dominated by the bakery segment since the compound is one of the most popular additives among the players providing baked-good items. Some reasons why calcium propionate is more popular than other options include its little effect on yeast, as opposed to potassium sorbate, allowing the yeast to perform its function of fermentation without any roadblocks. It is extremely easy to apply owing to water solubility. However, the recommended usage level ranged between 0.1% to 0.3% of the flour’s dry weight.

Based on form, the global market is divided into liquid and dry with the latter expected to grow at a CAGR of 4.59% during the forecast period. The dry segment dominates due to its easy dispersion across the food matrix along with hassle-free storage and transportation. The demand for liquid calcium propionate is also high but the major restrictions are the extra resources required to store the product safely.

Recent Developments:

• In January 2022, ReGrained and Puratos entered a collaboration to create innovative methods of upcycling baked goods. Puratos is a Belgium-based international supplier of food ingredients while ReGrained is a US-based start-up
• In September 2022, iD Fresh Food launched iBread in the Indian market. It is the country’s first affordable range of clean bread and with this move, the company has managed to strengthen its presence in India

Calcium Propionate Market Report Scope:

Calcium Propionate Market: Regional Analysis

North America to witness the highest growth rate during the forecast period

The global calcium propionate market is projected to be dominated by North America growing at a CAGR of 5.15% during the projection period with the United States leading the regional growth. The high revenue rate can be attributed to the growing demand for ready-to-eat meals and packaged food products. Other factors like changing consumer lifestyle, product innovation, presence of a large number of dual-income families, high disposable income, easy product accessibility, and innovative packaging are expected to drive more consumers toward the consumption of ready-to-eat meals which in turn is projected to propel the demand more additives and preservatives like calcium propionate.

The US Food and Drugs Administration has already approved calcium propionate as safe for consumption purposes leading to fewer regulations in the country pertaining to the use of the compound in food products. As per a recent report, more than 100 million US citizens consumed bread in 2020 periodically.

Calcium Propionate Market: Competitive Analysis

• Mauri
• Holding AB
• Macco Organiques Inc
• ABF Ingredients
• Niacet Corporation Monin Inc
• Addcon GmBH
• Cargill Corporation 

The global calcium propionate market is segmented as follows:

By Application

• Dairy, Beverages
• Animal Feed
• Bakery
• Packaged Food Products
• Others

By Form

• Liquid
• Dry

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