(Entertainment-NewsWire.com, January 20, 2018 ) According to the report Middle East and Africa 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 (20162021) published by Market Data Forecast, the Middle East and Africa Calcium Propionate market is estimated to reach USD 30.56 million by 2021 from a market value of USD 22.35 million in 2016 at a CAGR of 6.46%.
The MEA Calcium Propionate market is showcasing significant potential over the mentioned forecast period. The market continues to build up momentum with the increase in concerns regarding food and feed safety and stability of shelf life as well, thus there has been a rise in the demand of calcium propionate.
Calcium Propionate is a chemical compound which is used as a 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 wide range of functions in product lines, cost-effective solution to food safety, high investments in R&D recently. Further, there are same factors which act as restraints. These include an increase in availability of preservatives free food products and peoples demand for all natural products.
The Middle East and Africa Calcium Propionate market is segmented based on the application as well as geography. The market is segmented on the basis of the type under bakery, dairy, meat, feed, processed food and others. The bakery segment holds the largest share in the market owing to the rise in consumption of baked products. On the basis of geography, the Middle East & Africa market is analyzed under various regions namely the Middle East and Africa. Middle East & Africa is the fastest growing region in the mentioned forecast period.
The major companies showing interest in the market lately include Addcon Gmbh, Fine Organics, Impextraco Nv, Perstorp Holding Ab, Kemira Oyj, Krishna Chemicals, A.M. Food Chemicals Co. Ltd., Macco Organiques Inc., Niacet Corporation.
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