Calcium Propionate Market- Competitive Landscape
The Global Calcium Propionate Market is witnessing rapid growth primarily driven by growing demand from food and beverage industry. A-M chemicals co., Ltd, ADDCON, Kemira Oyj, Impextraco NV, Niacet, Cargill Incorporated, BASF SE, Kemin Industries, Inc. are the leading players in global calcium propionate market. Some of the key developments observed in the market are adoption of the acquisition, merger, and expansion by players to strengthen their market position and meet the growing demand. Growing agriculture, pharmaceuticals, and cosmetics industries coupled with the continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors for the growth of Calcium Propionate in the global market. Considering these trends, the Global Calcium Propionate Market is set to witness considerable competition over the forecast period of 2017-2023.
Industry/ Innovation/ Related News:
February 14, 2018- Niacet Corporation announced to re-enter the animal feed markets in Middle East & Africa and Asia Pacific with its newly launched product Calprona® in March, 2018. Also, it will re-launch its products of animal feed in the American market, mainly focusing on spoilage prevention, feed hygiene and animal nutrition.
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April 03, 2018- Kemin Crop Technologies, an initiative of Kemin Industries focussed on providing solutions for commercial horticulture, announced a distribution agreement with Plant Products, a distribution company within the specialty horticulture industry located in Canada and the U.S. This agreement is expected to result in fulfilling the needs of current and prospective Kemin customers.
April 19, 2018- The Pet Food and Rendering Technologies division of Kemin Industries, Kemin Nutrisurance, has launched PALASURANCE® P Series, a plant-based solution for palatability in North America and Asia Pacific. This product was launched with a goal of providing pet treat and food manufacturers with effective and innovative solutions to help them meet performance and label requirements. PALASURANCE® P Series palatants are designed to provide a plant based solution compatible with all animal proteins with an excellent palatability performance, which marks the market growth.
Calcium Propionate Market – Market Overview
Calcium Propionate is chemically synthesized by reacting calcium hydroxide and propionic acid. It exhibits mold inhibiting characteristics and is highly used in various dairy products, animal feedstock, and agricultural applications. The increasing use of Calcium Propionate as a food preservative and food additive is likely to propel the product demand in food & beverage industry. Calcium Propionate is known to increase shelf life and stability of dairy products. Moreover, it is used as a pesticide and fungicide which is expected to augment the product demand in agriculture sector owing to the lack of arable land and the increasing consumption demand. Additionally, the product offers anti-bacterial properties which is extensively useful in pharmaceuticals and cosmetics to prevent their spoilage. However, the shifting focus of consumer towards chemical free and organic eatables may challenge the market growth over the review period.
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