Calcium Propionate Market by Application (Food (Bakery Products, Dairy & Frozen Desserts, Meat, Fish & Seafood Products), Feed), Form (Dry and Liquid), and Region (North America, Europe, Asia Pacific and RoW) - Global Forecast to 2023
The growth of the calcium propionate market is driven by factors such as an increase in demand for clean-label food products with extended shelf life and the cost-effectiveness of calcium propionate as compared to other preservatives.
The growth of the calcium propionate market is driven by factors such as an increase in demand for clean-label food products with extended shelf life and the cost-effectiveness of calcium propionate as compared to other preservatives.
The growth of the calcium propionate market is driven by factors such as an increase in demand for clean-label food products with extended shelf life and the cost-effectiveness of calcium propionate as compared to other preservatives.
Calcium Propionate Market report categories the global market by Form (Dry and Liquid), Application (Food (Bakery Products, Dairy & Frozen Desserts, Meat, Fish & Seafood Products), Feed), and Region (North America, Europe, Asia Pacific and RoW)
Bakery products and feed have been dominant applications for calcium propionate over the last decade. The key function of calcium propionate is to counter the growth of microbes on various bakery products that are prone to spoilage by bacteria.
The calcium propionate market was valued at USD 262.4 million in 2017; it is projected to grow at a CAGR of 5.6% from 2018, to reach USD 363.3 million by 2023.
The calcium propionate market stood at USD 262.4 million in 2017; it is projected to grow at a CAGR of 5.6% from 2018, to reach USD 363.3 million by 2023.
Asia Pacific is projected to be the second-largest market for calcium propionate, after North America, through 2023, owing to the increased awareness about calcium propionate and its associated benefits.