Investing Into Food Grade Calcium Propionate

Calcium propionate has the molecular formula Ca(C2H5COO)2 and is also known as calcium propanoate. Calcium propionate is made when calcium hydroxide reacts with propionic acid, and it can also be found in certain varieties of butter and cheese. It's used as a mold inhibitor and can be found in a variety of dairy products, animal feedstock, and agricultural products. Calcium propionate is a food preservative that is added to baking items to extend their shelf life. Calcium propionate is used as a food supplement and given to cows to avoid milk fever in the agricultural sector.

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According to NIIR PROJECT CONSULTANCY SERVICES (NPCS), the calcium propionate market is projected to grow at a CAGR of 5.6%, to reach a value of USD 363.3 million by 2023.

Latest market drifts: -

Because of shifting customer preferences for food products, the global calcium propionate market is rising. The demand for calcium propionate has increased as people's understanding of their health has grown, as has their lifestyle. It kills microorganisms such as viruses, bacteria, algae, and fungi by acting as an antimicrobial agent. As a result, consumer demand is rising, causing the market to rise. The global market for calcium propionate is growing as the demand for food preservatives grows. As compared to other alternatives such as sulphites, sorbates, and others, it is a very cost-effective commodity, and as a result, its demand is growing in the industry. The expansion of processed food markets, especially in emerging economies such as India and China, is expected to open up enormous opportunities for the industry.

Increase demand of preserved foods: -

The global demand for frozen and ready-to-eat foods such as burgers, hot dogs, toast, pizzas, cakes, and other similar items is growing as customers become more time-pressed and accept the convenience of freezer and microwave cooking.

In the forecast era, such demands are projected to have a positive effect on the use of preservatives like calcium propionate. The global food and beverage industry's revenue rose from USD 100,297 million in 2017 to USD 155,488 million in 2019, indicating preserved foods' market potential. The growing meat industry in recent years, and heightened awareness of proper meat storage due to the result of COVID-19's current spread, is expected to drive demand for preservation products such as calcium propionate in the coming years.

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Demand based on form: -

The market is divided into two types: dry and liquid. In comparison to liquid calcium propionate, the dry form of calcium propionate is expected to expand faster during the forecast era. The dry calcium propionate segment dominates the market due to factors such as ease of mixing and greater dispersion in the food matrix.

Global Arcade: -

Calcium Propionate Market was worth USD 263.24 million in 2018 and is expected to hit USD 401.06 million by 2026, with a CAGR of 5.38 percent between 2019 and 2026. North America consumes the most calcium propionate, accounting for about 35% of the global demand.

Due to high production and consumption of bakery and rush-hour food items such as noodles and pasta, countries such as the United States and Canada are major contributors to this regional market. Asia Pacific is the fastest developing region in this market with the swelling call for calcium propionate on the backdrop of the cumulative population and shifting habits of food feasting in countries such as China, India, Japan, and Australia. Some of the prominent manufacturers in the global market of calcium propionate ADDCON (Germany), Fine organics (India), Kemira Oyj (Finland), Impextraco NV (Belgium), Krishna Chemicals (India)etc.

Conclusion: -

NPCS is a well-known technical consultancy providing focused services and we have been following stringent system and procedure to ensure only top quality strictly in conformity with delivering the needs of our clients in this rapidly growing & changing market. For the further requirement of business investment in projects like these, kindly contact Niir Project Consultancy Services (NPCS).

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Annexure 1:: Cost of Project and Means of Finance
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Annexure 14 :: Product wise domestic Sales Realisation	Annexure 15 :: Total Raw Material Cost
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Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
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