Latin America Calcium Propionate Market had a market value of USD 37.77 million in 2021 and is forecasted to exhibit a CAGR of 6.63% and reach USD 52.06 million by 2026. The Calcium Propionate market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum with rise in awareness regarding shelf life of additives as well as food and feed safety concerns. The demand for calcium propionate has gone up rapidly in recent years.
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, high investments in R&D recently, wide range of functions in product lines. Further, there are same factors which act as restraints. These include increase in availability of preservatives free food products and people’s demand for all natural product.
The Latin America Calcium Propionate market is broadly classified on the basis of geography and application. The segmentation on the basis of application is done under meat, bakery, dairy, processed food, feed, and others. Based on segmentation by application, bakery segment dominates the market share because high consumption of baked products.
Geographically the Latin America Calcium Propionate Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Latin America is one of the fastest-growing markets and is expected to show similar trends in the coming years.
Key Players in the Market:
Major Key Players in the Latin America Calcium Propionate Market are
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