Calcium Propionate Market: Current Analysis and Forecast (2023-2030)

Calcium propionate is an additive commonly used as a preservative in various industries like in the food industry to prevent mold and extend shelf life. It's a calcium salt derived from propionic acid, a naturally occurring organic acid. This compound helps inhibit the growth of mold and some bacteria in bread, pastries, and other baked products, maintaining their freshness for a longer period. The calcium propionate market is growing at a tremendous rate owing to the higher demand for baked products. For instance, in 2020, AB Mauri launched a new line of calcium propionate products for use in bakery products. These products are designed to provide longer shelf life for bakery products and improve their overall quality. Other factors such as the increased utilization of calcium propionates in the food and pharma industry due to the rise in storage concerns, the growing awareness among consumers regarding food safety and health concerns, and a rise in the urban population are driving factors for the market.

The Calcium Propionate Market is expected to grow at a strong CAGR of 5.62% during the forecast period owing to the rising partnerships and acquisitions. For instance, in 2021, AB Mauri announced that it had acquired the yeast and bakery ingredients business of Lallemand Inc. The acquisition was aimed at expanding AB Mauri's product portfolio in the bakery industry. Several other factors such as an increased number of product launches, increased usage of calcium propionates in the food and pharma industry, rising population, upsurge in demand for safe storage of food products, company collaborations, and product launches are also leading to the surge in the market. For instance, in 2020, Macco Organiques Inc. launched a new line of calcium propionate products that are specifically designed for use in animal feed. These products are formulated to inhibit the growth of bacteria and mold in animal feed and improve the health of livestock.

Based on form, the market is bifurcated into dry and liquid. The dry segment held the highest share of the market in the year 2022 owing to the ease of handling and storing dry form. It is in the form of granules or white crystalline powder comparatively more effective in action than liquid form. Also, manufacturing dry form is easier and less expensive, which provides competitive pricing to the segment in the market. Manufacturers are striving to improve the user experience of their products to make them more accessible. Hence, the dry segment held a significant share of the market in the year 2022.

Based on application, the market is segmented into food & beverages, personal care & cosmetics, pharmaceuticals, animal feed, and others. The pharmaceuticals segment is expected to grow with the highest CAGR during the forecast period owing to rising demand for medicines, the need for safe options for medicines, strategic collaborations and collaborations, and innovative product launches that have further increased the demand for intelligent products. For example, in June 2021, Kerry Group PLC acquired Hare Topco, Inc. Niacet specializes in preservation technologies, and is a category leader in the baking and pharmaceutical segments. Thus, the pharmaceuticals segment is expected to gain prominence in the market in the forecast period.

For a better understanding of the market adoption of the calcium propionate industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America dominated the market of calcium propionates in 2022. Several factors such as the availability of cutting-edge and innovative products, growing awareness of safe storage and health concerns, the rising urban population in the region are increasing the demand for such preservatives, and loaded investment in calcium propionate product discovery are driving the market in the region. For instance, in 2021, U.S.-based Niacet Corporation launched a new range of preservatives for use in the bakery industry. These products are designed to provide longer shelf life for bakery products and reduce the risk of mold growth.

Some of the major players operating in the market include: Kemira; Perstorp; Fine Organic Industries Limited.; Impextraco NV; LGM Pharma.; Titan Biotech.; A.M FOOD CHEMICAL CO., LIMITED; BELL CHEM CORP.; Dr. Paul Lohmann GmbH & Co. KGaA; and Environmental Working Group.