(Food-Beverage-News.Com, October 04, 2017 ) According to the report Latin America 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 Latin America Calcium Propionate Market had a market value of USD 33.52 million in 2016 and is forecasted to exhibit a CAGR of 6.63% and reach USD 46.2 million by 2021.
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 peoples demand for all natural products.
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. On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Argentina, Mexico 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.
Some of the leading companies in the Latin America Calcium Propionate market are: Addcon Gmbh Fine Organics A.M. Food Chemicals Co. Ltd. Impextraco Nv Kemira Oyj Macco Organiques Inc. Krishna Chemicals Niacet Corporation Perstorp Holding Ab
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