Calcium Propionate Market Analysis

Calcium Propionate Market Analysis

Based on form, the calcium propionate market is segmented as powdered, granular, and liquid. The powdered segment held a majority market value of USD 120 million in 2022. Powdered calcium propionate offers a cost-effective and efficient solution for preserving convenience food items, meeting the demands of busy lifestyles. With the increasing consumption of bakery products, including bread, cakes, pastries, and cookies, there is a parallel rise in the demand for preservatives like calcium propionate to ensure their longer shelf life. The demand is driven by the need to extend the shelf life of bakery products, processed foods, and dairy products. The rising consumption of packaged and processed foods globally is a key driver for powdered calcium propionate. These foods often require longer shelf life and protection against microbial spoilage. Moreover, an increasing number of processed food consumption and packaged food will further accelerate the segmental expansion.
 

Based on purity, the calcium propionate market is segmented as food grade, feed grade, pharmaceutical grade, and industrial grade. The food grade segment held a dominant market share of around 35% in 2022 and is expected to grow at a lucrative pace by 2032. The primary demand driver for food-grade calcium propionate is its role as a food preservative. The need to maintain the freshness and quality of bakery products, processed foods, dairy products, and other food items drives the demand for food-grade calcium propionate.  Feed-grade calcium propionate is primarily used as a feed preservative to prevent the growth of mould and bacteria in animal feed. Calcium propionate can be used as an active ingredient in certain pharmaceutical formulations due to its antimicrobial properties and potential health benefits.

Based on end-use the calcium propionate market is segmented as food & beverage industry {Bakery Products, Dairy Products, Meat and Poultry Products, Snacks and Confectionery, Beverages}, Animal Feed Industry {Poultry, Swine, Cattle, Aquaculture}, Pharmaceuticals, Agrochemicals. The food and beverage industry segment held a dominant market share in 2022 and is anticipated to grow at 6.6% CAGR by 2032. Calcium propionate is commonly used in bakery products, including bread, cakes, pastries, and dough-based items. Processed food products, such as ready-to-eat meals, snacks, and convenience foods, often incorporate calcium propionate as a preservative. Calcium propionate may be used in dairy products, such as cheese, yogurt, and other dairy-based items, to prevent spoilage and maintain their quality. Thus, the growing usage of Calcium Propionate at food industries and other industries are anticipated to expedite the business growth.
 

U.S. dominated the North American region with majority calcium propionate market share and a revenue of USD 125 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America has a well-established and thriving food and beverage industry. The expanding food and beverage sector in North America fuels the demand for calcium propionate as an effective preservative. There is a growing consumer preference for clean label and natural food products in North America. The consumption of packaged and processed foods is on the rise in North America due to busy lifestyles and changing dietary habits. The animal feed industry plays a crucial role in North America, given the region's large livestock and poultry farming sector. The demand is driven by the growing animal feed industry, which requires effective feed preservation solutions to ensure optimal animal health and nutrition.