The global Food Grade Calcium Chloride Market Growth Accelerated by Wide Applications

 

Food Grade Calcium Chloride Market

Food grade calcium chloride is an inorganic salt that is commonly used as a firming agent, coagulant, and preservative in various food products. It helps enhances texture, retains moisture, inhibits the growth of microorganisms, and prevents freezing in food items. Calcium chloride is used as firming agent in canned vegetables and fruits to retain their crispness. It is also used as coagulant in production of cheese, tofu and production of meat analogs. As a preservative, calcium chloride helps extends the shelf life of packaged meat, seafood and bakery products by inhibiting bacterial growth.

 

The global food grade calcium chloride market is estimated to be valued at US$ 774.94 Mn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Dynamics:

One of the key drivers for the growth of global food grade calcium chloride market is its wide application in food processing industries. According to recent reports, food processing industry accounts for over 80% of total demand for calcium chloride. The increasing demand for convenience and packaged food products globally is driving the demand for food processing and food additives like calcium chloride. Moreover, stringent food safety regulations in developed economies are prompting food manufacturers to use food grade calcium chloride as preservative to extend shelf life of their products. However, concerns regarding adverse effect of excessive consumption of calcium chloride could hamper the market growth over the forecast period.

 

SWOT Analysis

 

Strength:

Food grade calcium chloride has high solubility and heat resistance properties. It is non-toxic and widely used as an activator and stabilizer in diverse food industries. The growing demand for convenience and packaged food has boosted its consumption.

 

Weakness:

 

Despite having numerous advantages, overconsumption of calcium chloride can cause harmful health effects like nausea and vomiting. Certain manufacturers dominate the market and this leads to price fluctuations.

 

Opportunity:

 

Rising incomes and changing lifestyles in developing nations have increased the demand for processed foods. Meat and seafood processing sectors are expanding fast presenting new growth avenues. Advancements in food preservation techniques will further stimulate market growth over the forecast period.

 

Threats:

 

Stringent regulations framed by food authorities to limit excessive mineral/chemical intake can restrain market growth to some extent. Adverse climatic conditions negatively impact agricultural production posing threats to raw material supply. Technical availability of cheaper substitutes is another threat faced by industry players.

 

Key Takeaways

 

The Global Food Grade Calcium Chloride Market Size is expected to witness high growth. The market size for 2023 is US$ 774.94 Mn which is projected to grow at a CAGR of 7.8% during the forecast period of 2023 to 2030.

Regional analysis related content comprises North America region holds the largest share in the global food grade calcium chloride market currently. This is attributed to high consumption from meat processing industry in countries like the US and Canada. Asia Pacific is identified as the fastest growing regional market due to growing consumption from dairy processing and seafood processing sectors in India and China.

 

Key players operating in the food grade calcium chloride market are focusing on capacity expansions to cater to increasing product demand. Endo International plc recently announced investments towards building a new manufacturing facility in India for APIs including calcium chloride. This is expected to strengthen the company’s presence in Asia Pacific market. Similarly, Sanofi S.A. is establishing production sites across Latin America and Middle East & Africa regions to ensure product availability and better serve local customers.Owing to accelerated infrastructure growth in developing economies, construction applications are also presenting new avenues for food


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