The global food grade calcium chloride market has witnessed significant growth in recent years owing to the increasing demand from the food processing industry. Calcium chloride provides various functional benefits to numerous food products and ensures food quality and safety. It plays a vital role in maintaining texture and moisture during manufacturing, storage, and distribution of numerous foods including dairy products, bread, canned vegetables, meat products, and juices among others.
The Global Food Grade Calcium Chloride Market Growth is estimated to be valued at US$ 892.74 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the food grade calcium chloride market are Saint-Gobain, Kingspan, Rockwool, BASF, Johns Manville, Knauf Insulation, Owens Corning, Paroc, Dow Building Solutions, GAF Materials.
The global food grade calcium chloride market is expected to witness lucrative growth opportunities due to the rising demand for packaged and convenience food products. Stringent food safety regulations and quality standards across countries will further augment the demand for calcium chloride in the food industry.
The market is anticipated to expand significantly across regions over the coming years. Asia Pacific represents the largest and fastest growing market owing to the growing population, increasing disposable incomes, and Westernization of diets in countries such as China and India. North America and Europe are also prominent markets for food grade calcium chloride.
Market Drivers
The key driver propelling the growth of the food grade calcium chloride market is the rising demand from the dairy industry. Calcium chloride is widely used as a coagulant for manufacturing cheese and casein. It enhances curd formation and improves cheese quality. The growing consumption of cheese and other dairy products globally will continue fueling the demand. Other major end-use segments including baked goods, canned vegetables, meat processing are also expected to augment the consumption of food grade calcium chloride over the forecast period.
PEST Analysis
Political: Agricultural policies in different countries determine the import and export of food items which impacts the demand for food grade calcium chloride.
Economic: Growth in the food processing industry and rising disposable income levels increase the consumption of packaged and processed foods which drives the demand for food grade calcium chloride as a firming agent.
Social: Changing eating habits and rising health consciousness among consumers lead to increased demand for fresh foods and processed foods with additional minerals which support the market.
Technological: Advancements in food processing and preservation methods help expand the applications of food grade calcium chloride as a preservative and extends the shelf life of food products.
The market is concentrated in Asia Pacific and North America in terms of value. Asia Pacific dominates the global market led by countries like China, India and Japan. This is attributed to rising incomes, growing population, and expanding food processing industry in the region. North America is another major geographical market for food grade calcium chloride owing to well-established food industries and developed infrastructure.
The market in Central and South America is projected to be the fastest growing region during the forecast period. This growth can be attributed to increasing investments in food production and processing sector across countries like Brazil and Argentina to meet the rising domestic demand for packaged and processed food. Growing population, improving economic conditions and changing lifestyles and diets are fueling the market growth in the region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
