Global Food Grade Calcium Chloride Market Is Estimated To Witness High Growth Owing To Increasing Demand from Food Industry

The global Food Grade Calcium Chloride Market is estimated to be valued at US$ 679.4 Mn in 2021 and is expected to exhibit a CAGR of 6.8% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:
The food grade calcium chloride is used as a food additive in various applications such as cheese making, pickling, and brining. It helps in enhancing the texture, firmness, and flavor of food products. It is also used as a firming agent in canned vegetables and fruits to prevent them from becoming mushy. The increasing demand for processed and packaged food products, along with the rising trend of convenience food, is driving the growth of the food grade calcium chloride market.

B) Market Dynamics:
The two major drivers of the food grade calcium chloride market are the growing demand for packaged and convenience food and the increasing use of calcium chloride as a firming agent. The demand for packaged and convenience food is rising due to changing lifestyles and the busy schedules of consumers. Calcium chloride is widely used in the food industry as a firming agent to maintain the texture and freshness of food products. For example, it is used to firm up tofu and improve the crispness of pickles and canned vegetables.

C) Segment Analysis:
In terms of application, the cheese making segment dominates the food grade calcium chloride market. Cheese manufacturers use calcium chloride to enhance the coagulation process, improve yield, and achieve the desired texture and flavor of cheese. The increasing consumption of cheese and the growing number of cheese manufacturing facilities are driving the growth of this segment.

D) PEST Analysis:
– Political: There are no major political factors impacting the food grade calcium chloride market.
– Economic: The rising disposable income and changing food habits of consumers are driving the demand for processed and packaged food products.
– Social: The increasing preference for convenience food and the growing awareness about the benefits of calcium-rich food products are fueling the demand for food grade calcium chloride.
– Technological: Technological advancements in food processing and packaging techniques are improving the shelf life and quality of food products, thereby increasing the demand for food grade calcium chloride.

E) Key Takeaways:
– The Global Food-Grade Calcium Chloride Market Demand is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period, due to increasing demand from the food industry.
– North America is the fastest growing and dominating region in the global food grade calcium chloride market, owing to the presence of a strong food processing industry and the increasing consumption of packaged and convenience food.
– Key players operating in the global food grade calcium chloride market include 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.

In conclusion, the global food grade calcium chloride market is expected to grow significantly in the coming years. The increasing demand for packaged and convenience food, along with the use of calcium chloride as a firming agent, will drive the market growth. North America is expected to be the fastest growing region in the market, while key players such as Solvay S.A. and Tata Chemicals Ltd. are driving innovation and product development in the industry.