PUBLISHER: IndustryARC | PRODUCT CODE: 1075852
PUBLISHER: IndustryARC | PRODUCT CODE: 1075852
Calcium Acetate Market size is forecast to reach $XX Million by 2027, after growing at a CAGR of 3.5% during 2022-2027. Due to the rising use of products, especially from the Food & beverage industry, Asia Pacific and Latin America are expected to experience high product demand. In addition, changing habits and growing demographics in Asia Pacific's developing economies have contributed to expanded global demand for the food & beverage and pharmaceutical industries. Due to the global financial crisis and market saturation, shifting consumer habits are likely to affect calcium acetate demand in China. However, in developing economies such as India, Vietnam and Indonesia, rising industrialization coupled with increased foreign direct investment (FDI) is expected to drive consumer demand. It is predicted that Central & South America will experience higher growth rates over the projected period.
Report Coverage
The "Calcium Acetate Market report - Forecast (2022-2027)", by IndustryARC, covers an in-depth analysis of the following segments of the Calcium Acetate Industry.
By Application: Food & Beverage, Pharmaceutical, Chemical Manufacturing, Water Treatment, Construction, Consumer Goods and Others.
By Geography: North America, South America, Europe, APAC and RoW.
Key Takeaways
In the food and beverage industry, calcium acetate is primarily used as a preservative to increase the shelf life of foodstuffs such as baking products, including bread, baked products and cooked meat. In certain food uses, it is cost-effective and has been very competitive worldwide, sometimes replacing acetic acid.
In addition, over the projected timeframe, growing application reach and increasing demand from end-use industries like pharmaceuticals, food & beverage, petroleum and textiles are expected to fuel the market for calcium acetate.
Increased market awareness of food safety coupled with the amplification of the application base is expected to improve the development of the calcium acetate industry over the projected era.
Demand in the organic chemicals market is undergoing a slump in growth, while demand for some chemicals, which find end-use applications in healthcare and food, is growing. In addition, China, the world's leading producer of chemicals, reported a substantial decline in production in the first quarter of 2020, continuing the course of COVID-19's escalation to a pandemic. This has contributed to an imbalance in supply-demand conditions, causing supply deals to be renegotiated by suppliers and consumers alike.
Calcium Acetate Market Segment Analysis - By Application
Food & Beverage segment has been the primary market for Calcium Acetate for many years at a CAGR of 4.8%. Over the next few years, rising demand for the substance as a food additive and preservative in the food & beverage industry is expected to fuel global demand. Generated foods, often in driven foods and also in solid and liquid foods, play a major role in stabilizer. As a stabilizing agent in processed foods, mostly powdered, solid and liquid foods, as well as fluoride in water, chemicals play an important role in the food and pharmaceutical sectors. In addition, these chemicals are mainly used in the processing of wood, dye mordant, and processing of various chemicals such as ethylene acetate, analytical reagent, polymers, and other salts. It is used widely in milk, raw milk, and cream and milk powder products. It also plays a significant role in improving the shelf life of food for the proper purpose of processing and storage. In addition, for patients with kidney failure, the chemical is applied to medications to control phosphate levels in the blood during dialysis. US. The use of calcium acetate in food coatings, additives and direct food substances is deemed healthy by the FDA (Food and Drug Administration).
Calcium Acetate Market Segment Analysis - Geography
APAC dominated the Calcium Acetate Market share with more than 42.7%, followed by North America and Europe. Asia Pacific is the main calcium acetate manufacturer and customer. The main consumers of calcium acetate are manufacturing economies in the region, such as China, India, Japan, Thailand, Taiwan, Indonesia, and South Korea. Calcium acetate is mostly used in these countries in wastewater treatment, pharmaceuticals, household products, and chemical industries. China and India, two of the world's most populous nations, are located in Asia. These nations are developing into economic centers rapidly. In these nations, buying power parity and per capita disposable income are growing. This has increased the demand for calcium acetate end-use products, such as detergents, soaps, and pharmaceuticals. Another big user of calcium acetate, especially in detergent and waste water treatment applications, is North America.
Calcium Acetate Market Drivers
Increasing demand in all regions
Established economies in North America and Europe have invested in rising calcium acetate R&D to expand the application base, but the use of calcium acetate in North America and Europe is projected to see slow growth over the forecast period due to market saturation. Central & South America's improving regulatory climate and high foreign investment are projected to see higher growth rates over the forecast period. As the 12th largest pharmaceutical industry, Mexico is expected to predict steady growth over the projected period, suggesting a lucrative market. Progress in pharmaceutical infrastructure is estimated to have a positive effect on development in the Middle East and Africa.
Calcium Acetate Market Challenges
Changing customer preferences
Changing consumer tastes from preservatives to organic food goods will inhibit the growth of the demand for calcium acetate. This shift is pushing the food industry to expand its emphasis on organic food products, which is projected to reflect a substantial constraint on consumer growth.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Calcium Acetate Market. In 2019, the market of calcium acetate has been consolidated by the top five players accounting for xx% of the share. Major players in the Calcium Acetate Market are Allan Chemical Corp., Nithyasri chemicals, Akshay group of campanies, AVA Chemical PVT. LTD., GFS Chemicals Inc., Amsyn Inc, Macco Organiques Inc, Hawaii Chemicals & Scientific, Alemark Inc, Richman Chemical, Lab Express International, and among others.
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