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.

Consumer awareness of the advantages of calcium propionate as a food preservative is also contributing significantly to the market's revenue growth. As a safe and effective preservative, calcium propionate plays a crucial role in inhibiting the growth of harmful bacteria and fungi in food products. Its ability to maintain the texture and quality of food items over an extended period is further boosting its demand. Furthermore, calcium propionate is a cost-effective preservative that can be easily incorporated into a variety of food products.

The rising concern over food safety and hygiene is another driver for the demand for calcium propionate as a food preservative. With the increasing incidence of foodborne illnesses and infections, there is a growing demand for safe and hygienic food products, further fueling the need for calcium propionate. Additionally, the food industry's emphasis on using natural and safe preservatives is boosting the demand for calcium propionate.

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Strategic Development:

·         In 2020, Niacet Corporation announced that it was acquiring Kemira Oyj's food and pharma business, which includes Calcium Propionate. The acquisition was aimed at expanding Niacet's product offerings in the food and pharma industry.

·         In 2021, Perstorp Group announced that it was expanding its production capacity of Calcium Propionate at its facility in Perstorp, Sweden. The expansion was aimed at meeting the increasing demand for Calcium Propionate in the food and beverage industry.

·         In 2021, AB Mauri announced that it had acquired the Yeast and bakery ingredients business of Lallemand Inc. The acquisition included Calcium Propionate, and was aimed at expanding AB Mauri's product portfolio in the bakery industry.

Calcium Propionate Market Report Scope

Browse press release: https://www.reportsanddata.com/press-release/global-calcium-propionate-market

Leading Players in the Calcium Propionate Market:

The Calcium Propionate market is highly competitive, with several large and medium-sized players operating in the market. Some of the major players operating in the global Calcium Propionate market are:

·         Niacet Corporation

·         Perstorp Group

·         Kemira Oyj

·         Real S.A.S.

·         Celignis

·         AB Mauri

·         Shandong Tong Tai Wei Run Chemical Co., Ltd.

·         Macco Organiques Inc.

·         Hangzhou Top Chemical Co., Ltd.

·         Addcon

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