The APAC Calcium Propionate market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the growing awareness among people about food & feed safety as well as the stability of shelf life of additives and thus there has been an increase in demand for calcium propionate.
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According to the report “Asia-Pacific Calcium Propionate Market by Application (Bakery, Meat & Processed Meat, Dairy, Feed, Processed Food, Others), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, the Asia-Pacific Calcium Propionate Market has been estimated at USD 61.45 million in 2016 and is projected to reach USD 86.67 million by 2021, at a CAGR of 7.12% during the forecast period from 2016 to 2021.
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Calcium Propionate is a chemical compound which is used as preservative for baked goods.
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Calcium Propionate belongs to the antimicrobial category of preservatives. It has a variety of uses such as ensuring food and feed safety, improving the shelf life of feed and additives, and more.
Growing awareness regarding food preservation has led to a rapid growth in the market over recent years. Apart from this, other factors responsible for market growth include, cost effective solution to food safety, wide range of functions in product lines, high investments in R&D recently.
Further, there are same factors which act as restraints. These include people’s demand for all natural product and increase in availability of preservatives free food products.
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The APAC Calcium Propionate market is categorized on the basis of application and geography. The market segmentation based on application is done into bakery, processed food, feed, meat, dairy and others.
Bakery products account for the larges share in the market according to segmentation by application, as a result on increase in consumption of bakery products. On the basis of geography, the Asia-Pacific market is analysed under various regions namely China, India, Australia, Japan and South Korea.
Asia pacific Market is the fastest growing market among all the regions across the world.
The major companies dominating the market:
- Addcon Gmbh
- Macco Organiques Inc.
- A.M. Food Chemicals Co. Ltd.
- Kemira Oyj
- Impextraco Nv
- Krishna Chemicals
- Niacet Corporation
- Fine Organics
- Perstorp Holding Ab.
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