North America: The largest market for calcium propionate
North America generated the maximum revenue in the calcium propionate market. Europe follows North America and has reached maturity due to the maturity of end-user industries. The demand for calcium propionate will be led by emerging economies such as China, India, Brazil, and South Africa, due to the rising consumption of processed foods, rising disposable incomes, and urbanization in these regions. Asia-Pacific is estimated to be the fastest growing market for calcium propionate. Latin American and the Middle East & African countries exhibit rapid gains in this market.
Bakery: The biggest market by applications; Feed shows a promising growth
In terms of value, the calcium propionate market is dominated by the bakery segment, and feed is the fastest growing market with a CAGR of 7.7% of from 2013 to 2018. Calcium propionate is considered an ideal antimicrobial agent for bakery items such as bread, cakes, rolls, and other yeast-based products. Product suitability in various other food applications such as lifestyle products and processed food products will further drive the market for calcium propionate. Rising feed prices is another major concern to preserve feed grains, so as to avoid their spoilage and enhance animal performance.
The report also studies various other important aspects that pertain to the market such as Porter’s analysis and value chain analysis. In addition, nine key players of this market have also been profiled