PUNE, India, June 14, 2018 /PRNewswire/ --
The report "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", published by MarketsandMarkets™, the market is estimated at USD 277.1 million in 2018 and is projected to reach a value of USD 363.3 million by 2023, at a CAGR of 5.6%. 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.
Browse 68 market data Tables and 29 Figures spread through 110 Pages and in-depth TOC on "Calcium Propionate Market - Global Forecast to 2023"
Early buyers will receive 10% customization on this report
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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=1288
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.
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.
Know more about the Calcium Propionate Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/food-and-beverage
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets