Calcium Propionate Market Worth USD 987 Million by 2032, Expecting at a CAGR of 5.4%

Market Summary:

The global Calcium Propionate Market reached USD 309 million in 2022 and is projected to achieve USD 987 million by 2032, with a robust revenue CAGR of 5.4% throughout the forecast period. Key drivers behind the growth in market revenue include the increasing demand for processed and convenient foods and the growing awareness among consumers regarding the benefits of calcium propionate as a food preservative. Calcium propionate finds extensive use in the bakery industry.

The escalating demand for processed and convenience foods is a major catalyst for the market's revenue growth. Calcium propionate is in high demand within the bakery sector due to its ability to prevent spoilage and extend the shelf life of baked goods. Additionally, the preference for packaged and ready-to-eat meals is driving the demand for calcium propionate as a food preservative. Consumers' busy lifestyles have led to an increased need for convenient foods that offer a longer shelf life and ease of preparation.

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