The global calcium acetate market is expected to witness substantial growth over the forecast period on account of increasing demand for the product from the food & beverage industry. Furthermore, growing demand for pharmaceutical products owing to increase in ailments is expected to propel market growth. Calcium acetate is majorly used as a preservative in the food and beverage industry for enhancing the shelf life of foods such as bakery products including bread, baked product, and processed meat. It is cost-effective and has become very competitive worldwide, often substituted for acetic acid in many food applications. Furthermore, this chemical is deemed safe for use in pharmaceutical products, especially for chronic dialysis patients. Increasing health concerns coupled with changing consumer lifestyle for fresh food products has prompted the use of calcium acetate over the past few years. Additionally, increasing application scope and growing demand from end-use industries including pharmaceuticals, food & beverage, petroleum, and textiles are likely to boost calcium acetate market over the projected period. Increasing consumer awareness regarding food safety coupled with amplifying application base is expected to boost calcium acetate industry growth over the forecast period. Changing customer preference from preservatives to organic food products may hinder the calcium acetate market growth. This shift is forcing the food industry to increase its focus towards organic food products which is expected to pose a major restraint towards market growth.
Increasing demand for the product in the food & beverage industry as a food additive and preservative is expected to drive global demand over the next few years. Stabilizer plays a major role in manufactured food, mostly in powered foods and also in solid and liquid foods. The chemical plays an important role in food and pharmaceutical sectors as a stabilizing agent in manufactured foods, mostly powdered, solid and liquid foods, as well as fluoride in water. Furthermore, these chemicals find primary application in wood preserving, dye mordant, and manufacturing of various chemicals including ethylene acetate, analytical reagent, polymers, and other salts. It is extensively used in dairy products, condensed milk, cream, and milk powder. Additionally, it plays a major role in enhancing the shelf life for the food for proper production and storage purpose. Furthermore, the chemical is added in medicines to regulate phosphate levels in the blood during dialysis for patients with kidney disease. U.S. FDA (Food and Drug Administration) calcium acetate’s use in food coating, ingredient, and direct food substance is considered to be safe.
Developed economies of North America and Europe have invested in increasing R&D for calcium acetate for widening the application base which will yield opportunity for the However, owing to market saturation the use of calcium acetate in North America and Europe is expected to witness sluggish growth over the forecast period. In addition, baking industry growth in Canada and developing South East Asian countries such as Malaysia, Indonesia, and Singapore’s is expected to have a positive impact towards calcium acetate market growth over the forecast period. Asia Pacific and Latin America are expected to witness high demand for the product due to growing utilization of the product particularly from the food & beverage industry. Additionally, changing lifestyle and rising population in emerging economies of Asia Pacific has led to increase in market demand for the food & beverage industry and pharmaceutical industry. Changing customer lifestyle due to global financial crisis and market saturation is expected to impact calcium acetate demand in China. However, growing industrialization coupled with increase in foreign direct invest (FDI) is likely to drive market demand in emerging economies such as India, Vietnam, and Indonesia. Central & South America is expected to witness higher growth rate over the forecast period. Improving regulatory environment and high foreign investment in Central & South America is expected to witness higher growth rate over the forecast period. Mexico being the 12th largest pharmaceutical market is likely to foresee steady growth indicating a promising market over the forecast period. Pharmaceutical infrastructure growth in the Middle East and Africa is expected to have a positive impact towards growth.
Some of the major companies in the calcium acetate market include Allan Chemical Corp., Nithyasri chemicals, Akshay group of companies, AVA Chemical PVT. LTD., GFS Chemicals Inc., Amsyn Inc, Macco Organiques Inc, Hawaii Chemicals & Scientific, Alemark Inc, Richman Chemical, Lab Express International.
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Demand across the organic chemicals sector shall register a slump in growth albeit increasing demand for certain chemicals that find end applications in healthcare and food. Furthermore, China, a major supplier of chemicals to the world, registered a considerable decline in manufacturing in the first quarter of 2020, following the trajectory unfolded by COVID-19's escalation to a pandemic. This has led to an imbalance in supply-demand dynamics, forcing manufacturers and customers alike to renegotiate supply agreements. The report will account for Covid19 as a key market contributor.
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