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 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Food grade calcium chloride is a water-soluble salt that provides calcium to foods and beverages including dairy products, bakery goods, canned foods, and others. It is used as a firming agent, preservative, and anti-caking agent in the food processing industry.
Market Key Trends:
The food grade calcium chloride market has been witnessing significant growth over the past few years owing to increasing application of calcium chloride as a preservative, firming agent and coagulant in food processing industry. Calcium chloride helps extend the shelf life of food products by inhibiting microbial growth. It also acts as a firming agent in canned vegetables and fruits by preventing them from softening during the canning process. Rising demand for packaged and processed food has been a major factor driving the consumption of calcium chloride as a preservative and processing aid.
SWOT Analysis
Strengths: High solubility and versatility of calcium chloride makes it an effective preservative and firming agent. It also offers cost advantages over other preservatives.
Weaknesses: Excessive usage of calcium chloride can impact the taste and texture of food products. Concerns regarding potential toxicity at high levels of consumption.
Opportunities: Growing processed food industry in developing nations presents significant market opportunities. Also, wider application scope in industries such as pharmaceuticals acts as an opportunity.
Threats: Stringent regulations pertaining to food grade standards can restrict the usage of calcium chloride. Availability of alternate processing aids is also a threat.
Key Takeaways
The Global Food Grade Calcium Chloride Market Size was valued at US$ 774.94 Mn in 2023 and is expected to reach over US$ 1,300 Mn by 2030, expanding at a CAGR of 6.8% during the forecast period.
Regional analysis: Asia Pacific accounted for the largest share of over 30% of the global market in 2023 driven by strong demand from China, India and other developing Asian countries. The region is expected to continue dominating the market over the forecast period attributed to rapidly growing food processing industry in the region.
Key players operating in the food grade calcium chloride market are Solvay S.A., Tokuyama Corporation, Occidental Petroleum Corporation, Ward Chemical Ltd., Tata Chemicals Ltd., TETRA Technologies, Inc., Zirax Limited, Weifang Yuze Chemical Co., Ltd., Mey Chern Chemicals Sdn Bhd., Anmol Chemicals Group, TCI Sanmar Chemicals S.A.E., and Weifang Haibin Chemical Co., Ltd. Solvay holds the largest market share of over 15% with its comprehensive product portfolio and global sales network.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it