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

Report Description

The calcium propionate market is expected to grow at a strong CAGR of around 5.62% during the forecast period owing to the rising demand for processed food globally. In addition to this, the increasing product launches of preservative companies to find potential preservatives, rising research and development activities for developing better storage options, and the rising urban population are also driving the calcium propionate market. Global preservative-producing giants are leaving no stone unturned to showcase their potential for launching a new shoe with integrated technologies by expanding their portfolio. For instance, in 2020, Perstorp Group launched a new line of preservatives that are specifically designed to inhibit the growth of bacteria and mold in dairy products and increase their shelf-life use.

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; Environmental Working Group.

Insights Presented in the Report

“Amongst forms, the liquid category to grow with high CAGR during the forecast period”

Based on form, the market is bifurcated into dry and liquid. The liquid segment is anticipated to grow with high CAGR during the forecast period due to the surge in demand for products with higher shelf life. Liquid calcium propionate provides a higher shelf to the products for easier storage and product safety while durable transportation. The liquid category is in high demand in processed food and awareness among consumers regarding food safety and health concerns. Top of Form Thus, the liquid category is expected to grow with a high CAGR during the forecast period.

“Amongst application, the food & beverages segment held a significant share in the year 2022”

Based on end users, the market is segmented into food & beverages, personal care & cosmetics, pharmaceuticals, animal feed, and others. The food & beverages segment held a significant share in 2022 due to a surge in processed food and the need to store them for a longer duration of time. For example, according to the National Investment Promotion and Facilitation Agency of India, India’s food processing sector is one of the largest in the world and its output is expected to reach USD 535 Billion by 2025-26. Also, advances in technology, the growing trend of packaged food, changing lifestyles, and an increasing urban population are all factors that have contributed to this development of the segment. Thus, the food & beverages segment dominated the market in the year 2022 amongst applications.

Calcium Propionate Market Report Coverage

“Amongst regions, APAC region is expected to grow with high CAGR during the forecast period”

APAC is expected to grow with the highest CAGR during the forecast period. The growing number of calcium propionate manufacturing companies in Asia-Pacific contributes to the growth of the market in this region. Also, more people are engaged in their lifestyles which has increased demand for processed food, which is leading to an increase in investment in preservatives. For example, in 2021, Hangzhou Top Chemical Co., Ltd. launched a new line of preservatives that are specifically designed for use in the pet food industry. These products are formulated to inhibit the growth of bacteria and mold in pet food and increase its shelf life. Hence, given the large population size of APAC, it is expected to grow with a high CAGR during the forecast period.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global calcium propionate market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Calcium Propionate Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global calcium propionate market were the three major steps undertaken to create and analyze the adoption of calcium propionate in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global calcium propionate market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the calcium propionate market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the calcium propionate market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments and sub-segments for major regions. Major segments are included in the report as form, application, and region. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the calcium propionate market. Further, we conducted factor analysis using dependent and independent variables such as form, application, and region of the calcium propionate market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the calcium propionate market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global calcium propionate market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the calcium propionate market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global calcium propionate market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global calcium propionate market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the form, application, and region in the global calcium propionate market.

The main objective of the Global Calcium Propionate Market Study

The current & future market trends of the global calcium propionate market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the calcium propionate market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of form, application, and region Define and analyze the regulatory framework for the calcium propionate industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the calcium propionate market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the calcium propionate market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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