Market Size of Calcium Propionate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Calcium Propionate Market Analysis
The calcium propionate market is projected to register a CAGR of more than 3% during the forecast period.
In 2020, COVID-19 negatively impacted the market. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- The growing demand for calcium propionate from the food and beverage industry is driving the market's demand.
- On the other hand, the growing demand for food without preservatives is likely to slow market growth.
- In addition, innovations that boost demand from new emerging markets are expected to help the market grow in the years to come.
Europe has a large share of the market, and it is expected that Asia-Pacific will grow at a fast rate during the forecast period.
