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/calcium-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.marketsandmarkets.com/pdfdownloadNew.asp?id=1288

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.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1288

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 MaccoOrganiques (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/requestsampleNew.asp?id=1288

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