by The global Food Grade Calcium Chloride Market is estimated to be valued at US$ 774.94 Million 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 versatile mineral salt that comes in solid and liquid forms. It acts as an odor and taste neutralizer, firming agent, caking inhibitor, and synergist in food products. Food grade calcium chloride prevents caking in ingredient blends and increases the shelf life of packaged foods.
Market key trends:
One of the key trends in the food grade calcium chloride market is its increasing demand from the food processing industry. Food grade calcium chloride is used as a firming agent in canned vegetables and fruits to retain their crispy texture. It prevents fruits and vegetables from softening during the canning process. Calcium chloride also inhibits microbial growth in packaged foods and increases their shelf life without refrigeration. It is cost-effective and does not compromise the natural taste of food. Thus, the growing food processing industry is fueling the demand for food grade calcium chloride.
SWOT Analysis
Strength: Food grade calcium chloride is highly soluble in water and efficient drying agent. It is non-toxic and environmentally friendly which makes it a suitable additive for food & beverage industry.
Weakness: Overconsumption of calcium chloride can cause hypercalcemia which can damage the kidneys. Pricing pressure from substitutes like calcium lactate and gluconate limits its use.
Opportunity: Growing bakery products and packaged foods industry expands the application of calcium chloride as a processing aid. Increasing demand for processed and convenience food offers opportunities for food grade calcium chloride market.
Threats: Stringent food safety regulations regarding the use of additives in food products pose challenges. High dependency on agricultural industry makes the market vulnerable to fluctuations in that sector.
Key Takeaways
The global Food Grade Calcium Chloride Market Growth is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing demand for processed and packaged food products.
Regional analysis
Asia Pacific dominates the global market and is expected to maintain its leading position during the forecast period owing to rapid growth of food & beverage industry in countries like China and India. North America is another major market for food grade calcium chloride driven by increasing consumption of packaged food.
Key players
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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
