Calcium Propionate (Bakery, Feed, Dairy, Meat & Processed Meat) Market Grow by $312.7 Million in 2018 - New Report by MarketsandMarkets
(PRWEB) February 24, 2014 -- The market research report "Calcium Propionate Market by Applications (Bakery, Feed, Dairy, Meat & Processed Meat & Other Food Products) & by Regions (North America, Latin America, Europe, Asia-Pacific, The Middle East & Africa) - Trends & Forecasts to 2018", has been published by MarketsandMarkets. According to this report, the calcium propionate market is estimated to grow from $220.6 million in 2012 to $312.7 million by 2018, at a CAGR of 6.0% from 2013 to 2018. North America led the market, followed by Europe in terms of revenue in 2012.
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Calcium propionate acts as an effective antimicrobial agent that prolongs the shelf-life of the product. Calcium propionate is predominantly used in various bakery items and various others such as animal feed, dairy, meat & processed meat products, and various other lifestyle products such as packaged food products, sauces, condiments etc.
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
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