The lifestyles of consumers have significantly evolved in recent times, resulting in the demand for ready-to-go and processed foods across the globe. The food industry is extensively using calcium propionate to extend the shelf-life of ready-to-eat products, further accelerating the market growth. Calcium propionate is also used in bakery products as it has minimal impact on yeast as compared to other food additive options. Moreover, the increasing awareness regarding the intake of nutritional food and rising number of health-conscious people drive the market growth.
The calcium propionate market is witnessing tremendous growth owing to its lower toxicity as compared to other additives. The ever-growing population and rise in consumer income are resulting in increased demand for meat and processed products. Calcium propionate is considered as an ideal food preservative and food improver for meat and processed meat products. Higher adoption of advanced technology in the food sector and intensive R&D in the calcium propionate market fosters the market growth.
Impact of COVID-19
The COVID-19 outbreak has adversely impacted several industries across the globe. The chemical industry has been severely hit by the pandemic as leading manufacturers are reducing capital expenditure in the wake of the crises. The manufacturing capabilities of the calcium propionate companies have scaled down by 50–60% due to disruption in the supply chain and labor shortages. Moreover, people have become conscious about food safety, which hampers the market growth.
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Calcium Propionate Market: Segmentation
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* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now