Asia Pacific Calcium Propionate Market has been estimated at USD 69.24 million in 2022 and is projected to reach USD 97.66 million by 2028, at a CAGR of 7.12% during the forecast period from 2023 to 2028.
The 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.
Calcium Propionate is a chemical compound which is used as preservative for baked goods. 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.
The Asia-Pacific market for Calcium Propionate 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.
Geographically the Asia Pacific Calcium Propionate Market is segmented into India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia. Asia pacific Market is the fastest growing market among all the regions across the world.
Key Players in the Market:
Major Key Players in the APAC Calcium Propionate Market are
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