(Entertainment-NewsWire.com, August 16, 2018 ) Calcium Propionate Market was worth USD 314.73 million in 2018 and estimated to be growing at a CAGR of 6.15%, to reach USD 424.17 million by 2023. The Calcium Propionate market is showing evident potential in the mentioned forecasting period.
The Calcium Propionate Market continues to gain momentum with the rising awareness regarding feed and food safety and also the shelf life stability of feed, resulting in the increase in demand for 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 Calcium Propionate market over recent years. Apart from this, other factors responsible for market growth include cost-effective solution to food safety, the wide range of functions in product lines, high investments in R&D recently. Further, there are some factors which act as restraints. These include peoples demand for all natural product and increase in availability of preservatives free food products.
The Global Calcium Propionate market is segmented on the basis of Application and Geography. The market segmentation on the basis of the application is done under bakery, meat, processed meat, dairy, feed, processed food and others. The bakery segment dominates the market share, owing to the growth in consumption of bakery products. On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Calcium Propionate market was dominated by North America, with the overall market share of over 34% globally. North America was followed by Europe and Asia Pacific. Asia Pacific is predicted to grow at a rapid pace, with Latin America and the Middle East showing high potential as well in the coming few years.
The Scope of the report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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