Calcium Propionate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Calcium Propionate Market is segmented by Applications (Pharmaceuticals, Food and Beverages, Animal Feed, Personal Care, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Calcium Propionate Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 3 %

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Market Overview

The calcium propionate market is projected to register a CAGR of over 3% during the forecast period (2021-2026).

However, in many countries across the world, plants that process meat have become a hotspot for COVID-19 infections, bringing attention to the health and safety of traditional meat and resulted in a decrease in meat consumption. By April 2020, the CDC (Centers for Disease Control and Prevention) had received data on COVID-19 cases from 19 of the 23 states in the United States that had reported at least one case related to this industry; there were 115 meat or poultry processing facilities with COVID-19 cases, with 4,913 workers diagnosed. This resulted in a decrease in demand and consumption of Calcium Propionate in the meat industry. Furthermore, the global sales of bakery products were above average, even though the supply of bakery was insufficient, as many bakeries had to close due to labor shortages. Due to all the mentioned factors, the calcium propionate market is negatively affected by COVID-19.

  • Over the medium term, the growing demand for calcium propionate from the food and beverage industry is driving the market's demand.
  • On the flip side, the growing demand for preservative-less food products and the detrimental impact of COVID-19 on the market are the major factors hindering the market growth.
  • Europe dominated the market with a significant share, and Asia-Pacific is estimated to expand at a healthy rate during the forecast period.

Scope of the Report

Calcium propionate is used as a preservative. It is added to food items to keep them fresh by preventing them from bacteria and mold. It is mainly used in bakery, meat, and dairy products to keep them fresh. The calcium propionate market is segmented by application and geography. By application, the market is segmented into pharmaceuticals, food and beverages, animal feed, personal care, and other applications. The report also covers the market size and forecasts for the calcium propionate market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (metric ton).

Application
Pharmaceutical
Food and Beverage
Animal Feed
Personal Care
Other Applications
Geography
Asia-Pacific
China​
India
Japan
South Korea
Rest of Asia-Pacific​
North America​
United States
Canada
Mexico
Europe​
Germany​
United Kingdom
Italy
France
Rest of Europe
South America​
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand from the Food and Beverage Sector

  • Calcium propionate is widely used as a food preservative to extend the shelf life of food by interfering with microorganisms' growth and reproduction. It is used in various eatable products such as bread, tortillas, pizza dough, pastries, breakfast cereals, pasta, noodles, dried and condensed milk, flavored milk, dairy-based spreads, cheese, some processed meats, certain processed fruit and vegetable products, dairy, egg, and fat-based desserts, such as puddings, frosting, and confections. Additionally, calcium propionate is also used in sports drinks, diet foods, and beverages for preservation.​
  • In recent years, the growing meat industry and increasing consciousness for the proper storage of meat due to the current spread of COVID-19 are likely to attract the demand for preservation like calcium propionate in the coming years.​
  • According to the Food and Agriculture Organization, the Asian region had around 136.06 million metric ton of meat produced in 2019. Also, it is predicted that the growth in the consumption of meat will increase to 12% by 2029 around the world.
  • The demand for processed and ready-to-eat foods, like burgers, hot dogs, toast, pizzas, cakes, and other such products, is rising worldwide, as the increasingly time-pressed consumers have embraced the convenience of freezers and microwave cooking. Such demands are expected to positively impact the consumption of preservatives like calcium propionate in the forecast period.​
  • The global food and beverage industry has been witnessed significant growth over the past few years due to the increasing population worldwide. This growth of the food and beverage industry is a major driving factor for the market studied.​
  • The revenue generated by the global food and beverage industry increased from USD 100,297 million in 2017 to USD 155,488 million in 2019.​
  • The growing demand for food safety worldwide and increasing consumer demand from Asian countries like India, China, Indonesia, and Malaysia are driving the food processing industry.
  • This is expected to provide a boosting factor for calcium propionate for preserving the processed food and increasing its shelf life.
Calcium Propionate Market Share

Asia-Pacific to Witness the Fastest Growth

  • The major manufacturing and consuming hubs of the food additive market globally are Europe, North America, and Asia-Pacific. Calcium propionate is used in numerous applications in the pharmaceutical, food and beverage, and animal feed industries due to its antimicrobial properties.
  • The growing pharmaceutical industry in Asia-Pacific is further increasing the demand for calcium propionate from the medical and pharmaceutical sectors.​
  • Additionally, the increasing demand for animal feed is also boosting the market demand in Asia-Pacific from countries such as China and India. The demand for food derived from animals across the world has been increasing at a fast pace. The surge in this demand has been fulfilled by commercial livestock production and their associated food chains.
  • China is one of the leading markets for products like calcium propionate in the agriculture sector. The agriculture industry in China is responsible for producing 18% of the world's cereal grains, 29% of the world's meat, and 50% of its vegetables. Overall, the country is responsible for creating roughly 20% of the world's food, making it the largest agricultural economy globally.
  • Japan has the world's third-largest pharmaceutical industry. The domestic market is looking forward to increasing exports, and international companies seek opportunities to invest in and access the large, well-funded healthcare system. An aging population and broad access to healthcare drive the healthcare sector in the country, which is further expected to drive the demand for calcium propionate during the forecast period.​
  • In May 2019, the Korean government declared bio-health as a national vision and aimed to capture 6% of the global medical device and pharmaceutical market. The government also planned to increase exports of medical devices and pharmaceuticals to USD 50 billion and boost bio-health as one of the country's five important export industries by 2030.​
  • Owing to all these factors, the Asia-Pacific region is expected to witness growth in demand for the calcium propionate market.
Calcium Propionate Market Growth By Region

Competitive Landscape

The calcium propionate market is partially consolidated among the major players. Some of the key players in the market include Agailenobel, Niacet, Henan Chemsino Industry Co. Ltd, PURATOS GROUP, and Fine Organics, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Food Additives

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Growing Demand for Preservative-less Food Products​

      2. 4.2.2 Detrimental Impact of COVID-19​

      3. 4.2.3 Other Restraints​

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Pharmaceutical

      2. 5.1.2 Food and Beverage

      3. 5.1.3 Animal Feed

      4. 5.1.4 Personal Care

      5. 5.1.5 Other Applications

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China​

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific​

      2. 5.2.2 North America​

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe​

        1. 5.2.3.1 Germany​

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America​

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)** /Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ADDCON

      2. 6.4.2 Agailenobel

      3. 6.4.3 Fine Organics

      4. 6.4.4 Henan Chemsino Industry Co. Ltd

      5. 6.4.5 Impextraco NV

      6. 6.4.6 Jainex Speciality Chemicals

      7. 6.4.7 Kemin Industries Inc.

      8. 6.4.8 Macco Organiques Inc.

      9. 6.4.9 Niacet

      10. 6.4.10 Perstorp

      11. 6.4.11 Pestell Nutrition Inc.

      12. 6.4.12 PURATOS GROUP

      13. 6.4.13 Redox

      14. 6.4.14 Titan Biotech

      15. 6.4.15 Watson Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovations to Strengthen Demand from New Emerging Markets

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Calcium Propionate Market market is studied from 2016 - 2026.

The Calcium Propionate Market is growing at a CAGR of 3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Agailenobel, Naicet, Henan Chemsino Industry Co.,ltd, PURATOS GROUP, Fine Organics are the major companies operating in Calcium Propionate Market.

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