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| Food Grade Calcium Chloride Market |
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.
Food grade calcium chloride is commonly used as a firming agent, texturizer,
hardening agent and processing aid in the food industry. It enhances the
texture and improves the properties of baked goods, dairy products, fruits and
vegetables. With increasing demand for high-quality fresh and processed foods,
the application of food-grade calcium chloride is also growing at a rapid pace.
Market Overview:
Food grade calcium chloride is primarily used as a coagulant aid for production
of tofu, as a firming agent and preservative in packaged fresh-cut fruits and
vegetables. It extends the shelf life by maintaining texture and preventing
browning or decay. Calcium chloride also acts as a texturizer, emulsifier,
stabilizer and hardening agent in bakery and dairy products.
Market key trends:
One of the major trends driving the food grade calcium chloride market is its
rising application as a fertilizer. Calcium chloride is increasingly being used
as a soil conditioner and micro-nutrient in agriculture to improve the quality
and yield of crops. It enhances soil structure, promotes better root development
and increases plant resistance to diseases. The growing organic and
conventional farming activities across the globe are propelling the demand for
calcium chloride-based fertilizers. Furthermore, the need to curb post-harvest
losses of perishable foods is also fueling the consumption of calcium chloride
as a preservative and firming agent in the food processing industry.
Segment
Analysis
The global food grade calcium chloride market is dominated by the food
processing segment. Food grade calcium chloride finds extensive application in
food processing applications such as food preservatives, flour treatment, and
food firming agent. It is used as a firming agent in canned vegetables and
fruits to prevent them from softening. Given the growing demand for convenience
food and increasing focus on increasing the shelf life of food products, the
food processing segment will continue dominating the market over the forecast
period.
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 2023-2030, due to increasing demand from the food
processing industry.
Regional Analysis
Asia Pacific dominates the global food grade calcium chloride market and is
expected to grow with the highest CAGR during the forecast period. This is
attributed to the strong presence of food processing companies and increasing
applications of food grade calcium chloride in food firming and processing in
countries like China, India.
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. Solvay S.A.
and Tokuyama Corporation are dominating players owing to their large production
capacities and global presence.
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