Calcium propionate is a calcium salt of propionic acid, which is also known as calcium propionate. It is an antimicrobial agent, owing to which it is commonly used as food additive and preservative.
Increasing adoption of calcium propionate by food industry is a major factor driving growth of the global calcium propionate market. In addition, increasing demand for ready-to-eat and packaged food products is another factor propelling growth of the target market.
A major factor hampering growth of the global calcium propionate market is stringent regulations for quality and safety of food products. In addition, availability of substitutes is another factor expected to restrain growth of the target market to a certain extent over the forecast period.
The global market is segmented on the basis of form, application, and region. On the basis of form, the global market is segmented into dry and liquid. The dry segment accounts for highest share in the global market and is expected to witness significant growth over the forecast period.
On the basis of application, the global market is segmented into bakery products, dairy & frozen desserts, meat, fish, and seafood products, animal feed, beverages, and others. The others segment includes pharmaceutical and agriculture.
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On the basis of region, the global calcium propionate market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue in the global market over the forecast period.
Some of the key players in the global market are Niacet Corporation, ADDCON GmbH, A.M Food Chemical Co., Ltd., Kemira Oyj., Fine Organics Industries Pvt. Ltd., Orthochem (Pty) Ltd, Perstorp Holding AB, Impextraco NV, Macco Organiques Inc., and AB Mauri Food Inc.