
Global calcium propionate market was valued at USD 327.7 million in 2015 and is expected to reach USD 480.3 million by 2023, growing at a CAGR of 4.9% over the forecast period 2015 to 2023. Calcium propionate is largely used in bakery products like bread, cakes, rolls, and other yeast-based products, and various other items such as animal feed, meat & processed meat products, dairy products, packaged food products such as condiments, sauces, jam, diet food, chocolate, soups, salads etc, beverages and various other products. In addition, rising prices of animal feed products is another major concern to preserve feed grains, in order to avoid their spoilage and improve animal performance. Apart from this, busy lifestyles have resulted in rising demand for ready to eat food products that are not easily affected by bacteria. However, the alarming rise in health issues faced by consumers has made them aware of consuming healthy and nutritive convenience food products. The need to minimize the intake of fats and calories influences the rising demand for various functional food variants. In addition, calcium propionate is considered to be one of the safest additives that are utilized in various food products to avoid the spoilage of food products especially during transportation. Calcium propionate has anti-microbial properties that improve efficiency and processing tolerance and extend shelf life of different food products. Owing to these factors, the demand for calcium propionate is expected to drive the growth of the market over the forecast period.