In terms of volume, the global calcium propionate market stood at 158.7 KT in 2017. It is estimated at 167.1 KT in 2018, and is projected to grow at a CAGR of 5.4%, to reach 217.4 KT by 2023.
The growth of the Calcium Propionate Market during the forecast period can be attributed to factors such as growth in demand for bakery products with extended shelf life and cost advantages provided by calcium propionate over other preservatives, which contribute to increased demand and adoption rates.
The calcium propionate market for both food & feed applications is dominated by major players such as Niacet (US), ADDCON (Germany), Impextraco (Belgium), and Macco Organiques (Canada).

Growing demand for low-calorific food drives the market for calcium propionate in food segment:
Calcium propionate is used as a preservative in a wide variety of food, feed, and pharmaceutical products; it is a source of energy for dairy cows. Propionic acid acts as a major precursor for calcium propionate. The bakery products sector dominates the calcium propionate market by food type, whereas the feed segment accounted for the second-largest share and is the fastest growing application for calcium propionate at a CAGR of 6.0%, in terms of value. Calcium propionate is widely used in bread, baked goods, processed meat, and dairy products. Dosage rates differ from product to product and are also dependent upon seasonal conditions that aggravate bacterial growth.

The bakery products segment, by type, accounted for the largest and fastest-growing in the calcium propionate market. The growth in demand for bread & bakery products can be attributed to the influence of food consumption patterns in western countries on eastern countries, which subsequently drives the demand for calcium propionate.

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Urbanization and the rise in purchasing power of the middle-class population to propel the growth of calcium propionate market:
Calcium propionate is one of the rapidly growing segments of the food additives industry in Asia Pacific. The consumption is driven by rapid urbanization, economic growth, and rise in purchasing power of the middle-class population in the region.
Key markets in the Asia Pacific region include China, India, Japan, Australia, and New Zealand. The demand for calcium propionate in various products from countries such as Indonesia, Thailand, the Philippines, and Vietnam is expected to grow at a rapid pace over the next few years. Factors such as availability of raw materials and favorable manufacturing incentives are driving the growth of the calcium propionate market in China, as a result of which, manufacturers are able to practice low-cost production, thereby enabling economies of scale. The main exporting countries for China in the Asia Pacific region include India, Thailand, Malaysia, and Indonesia.

Expansions accounted for the largest share of 61.1% of the total strategic developments in the global calcium propionates market from 2012 to 2017:
In 2017, ADDCON (Germany) expanded its facility at the site in Parsevalstraße, Germany to meet the increased demand and the associated requirements. As a part of the expansion, ADDCON upgraded the site in the Bitterfeld-Wolfen Chemical Park and relocated all operational functions into the new administration building at Parsevalstraße.
In the same year, Niacet expanded its calcium and sodium propionate production capacity of 75 million pounds. The expansion was enabled by access to low-cost raw materials following its acquisition by SK Capital Partners. Other major players which are involved in the strategic expansions are Kemin (US) and ABF (UK)

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