Calcium chloride is an essential mineral commonly used as a firming agent, flavor enhancer, preservative in various processed food products. It is used to increase shelf life, maintain texture and structure in a wide range of foods including baked goods, seafood, meat, dairy products etc. Calcium chloride acts as a firming agent and prevents softening and breakdown of food structures. It helps retain moisture in baked goods like bread and improves texture and volume. In seafood, meat and poultry products calcium chloride is used to reduce drip loss, improve water holding capacity and tenderness.
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 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growth of the food grade calcium chloride market is driven by increasing demand from food processing industry. Wide applications of calcium chloride as a preservative, texture enhancer and firming agent in various processed food products is expected to drive the market growth over the forecast period. Calcium chloride helps extend shelf life of baked goods, meat and seafood by reducing microbial activity. It improves appearance, texture and structure retention of processed food products. Rapid growth of packaged and convenience food industry globally has also fueled the demand for calcium chloride as a critical processing aid and functional ingredient. Growing focus on food safety and quality preservation through use of additives like calcium chloride further promotes the market.
Segment Analysis
The food grade calcium chloride market is dominated by the solid sub-segment. Food grade calcium chloride is available in solid and liquid forms. However, solid calcium chloride accounts for around 70% share of the overall market as it is relatively safer and more cost-effective to transport and store in solid form. The solid form provides ease of handling and does not leak or contaminate during transportation.
PEST Analysis
Political: Food grade calcium chloride market is governed by stringent food safety regulations set by bodies like FDA in United States. The regulations ensure quality and purity of any food additives used.
Economic: The global economy drives the demand for food grade calcium chloride as rising incomes increase global food production and consumption. Emerging economies offer high growth potential for food additives market.
Social: Growing health consciousness among consumers has increased demand for processed and packaged foods requiring additives like calcium chloride. Working population prefers convenience foods.
Technological: Advances in purification techniques have helped manufacturers produce highly purified food grade calcium chloride meeting regulatory standards. Automation in packaging has improved efficiency.
Key Takeaways
The Global Food Grade Calcium Chloride Market Size is expected to witness high growth over the forecast period of 2023 to 2030. 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 7.8% over the forecast period 2023 to 2030.
Regionally, Asia Pacific region dominates the market currently due to high concentration of food production and growing food processing industries in countries like China and India. The region is expected to maintain its dominance in the coming years as well backed by rising incomes and expanding middle class population in the Asia Pacific economies.
Key players operating in the food grade calcium chloride market are Endo International plc, Teva Pharmaceutical Industries Ltd, Viatris Inc. (Mylan N.V.), Teikoku Pharma USA, Inc., Hisamitsu Pharmaceuticals Co. Inc., Galen Limited, Sorrento Therapeutics, Inc., Amneal Pharmaceuticals, Inc., Rhodes Pharmaceuticals L.P., 6iPain Healthcare Private Limited, and Sanofi S.A. Endo International plc and Teva Pharmaceutical Industries Ltd hold major market share currently owing to their widespread production and distribution network.