Calcium Propionate Market projected 363.3 million USD by 2023 - PowerPoint PPT Presentation

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Calcium Propionate Market projected 363.3 million USD by 2023

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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 growth of the calcium propionate market is driven by factors such as growth in demand for bakery products with extended shelf life and cost advantages provided by calcium propionate over other preservatives, which contribute to increased demand and adoption rate. Read more: – PowerPoint PPT presentation

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Title: Calcium Propionate Market projected 363.3 million USD by 2023


1
MarketsandMarkets Presents
Calcium Propionate Market- Global Forecast 2023
https//www.marketsandmarkets.com/Market-Reports/c
alcium-propionate-market-1288.html
2
  • 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 base year considered for the
    study is 2017 and the forecast period is from
    2018 to 2023.
  • The main objective of the report is to define,
    segment, and project the global market size for
    calcium propionate on the basis of form,
    application, and region. It also aims to
    facilitate the understanding of the structure of
    the calcium propionate market by identifying its
    various segments. The other objectives include
    analyzing the opportunities in the market for
    stakeholders, providing a competitive landscape
    of market trends, analyzing the macro and micro
    indicators of this market, and projecting the
    size of the calcium propionate market and its
    submarkets, in terms of value as well as volume.
  • Browse 68 market data Tables and 29 Figures
    spread through 110 Pages and in-depth TOC
    on "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 years considered for the study are as
    follows
  • Base year 2017
  • Projected year 2023
  • Forecast period 2018 to 2023
  • Download PDF Brochure https//www.marketsandmarke
    ts.com/pdfdownloadNew.asp?id1288

3
The dry segment, by form, is estimated to account
for a larger share of the calcium propionate
market in 2018. The dry segment is estimated
accounted for a larger share of the global
calcium propionate market in 2018. It is also
projected to grow at a relatively higher CAGR
during the forecast period due to factors such as
ease of mixing and better dispersion throughout
the food matrix additionally, dry calcium
propionate does not affect the leavening action
of baking powder in bakery products. The food
segment, by application, is estimated to account
for the largest share in the calcium propionate
market in 2018. Calcium propionate is highly used
in bread in the food industry the growth of the
bread industry, especially in developing
economies, owing to high per capita bread
consumption, fuels the demand for calcium
propionate. Changes in lifestyles and increasing
health consciousness of the population drive the
demand for convenient low-calorie food
products. North America is estimated to dominate
the calcium propionate market in 2018. In 2018,
the North American region is estimated to
dominate the global market for calcium
propionate. The region is one of the largest
consumers and exporters of calcium propionate due
to the wide and matured bakery market and high
bread consumption. The market for calcium
propionate in North America is fairly matured
hence, the growth is moderate when compared to
other developing economies. Consumers with busy
lifestyles in the North American market are on
the lookout for minimally processed foods with a
long shelf life. The increase in demand for
convenience foods is expected to create an impact
on the calcium propionate market in North
America. Make an Inquiry https//www.marketsandm
arkets.com/Enquiry_Before_BuyingNew.asp?id1288

4
On the basis of application, the food segment is
estimated to dominate the calcium propionate
market in 2018. Calcium propionate is highly used
in bread in the food industry. The growth of the
bread industry, especially in the developing
economies, owing to high per capita bread
consumption, fuels the demand for calcium
propionate. The feed segment is projected to grow
at the highest CAGR during the forecast period.
 The demand for feed in developing regions is
expected to grow along with the increase in
livestock production. The increased demand for
quality feed products with extended shelf life
has propelled the growth of the market for
calcium propionate in the feed. The preservation
of food and feed products and maintaining their
quality are the major areas of focus for
associated industries globally. 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. On the
basis of form, the dry segment accounted for the
largest market share due to factors such as ease
of mixing and better dispersion throughout the
food matrix. Additionally, dry calcium propionate
does not affect the leavening action of baking
powder in bakery products. Furthermore, dry form
has a longer shelf life, facilitates better
dispersion throughout the food matrix, and
enhances flavor. Niacet (US), ADDCON (Germany),
Impextraco (Belgium), and Macco Organiques
(Canada) are some of the leading players in the
global calcium propionate market. These companies
adopted strategies such as expansions,
acquisitions, certifications, and partnerships to
strengthen their position in the market. Request
Sample https//www.marketsandmarkets.com/requests
ampleNew.asp?id1288
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