Food Grade Calcium Chloride As Fastest Growing Segment Fueling The Growth Of 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.


Market Overview:
Food Grade Calcium Chloride is widely used as a dietary supplement, firming agent and preservative in various foods and beverages. It helps in maintaining moisture level, controlling acidity and enhancing texture.

Market key trends:
Growing food manufacturing industry across the globe is fueling the demand for food grade calcium chloride as a preservative. It prevents spoilage by absorbing moisture from food products and lowering their pH levels. Increasing consumption of packaged and processed food items is another key factor propelling the food grade calcium chloride market growth. Rising health consciousness among consumers have boosted demand for dietary supplements containing calcium which in turn is supporting the market expansion. Growing use of calcium chloride as a firming agent in fruit and vegetable processing offers immense growth opportunities over the forecast period.

Segment Analysis
The global food grade calcium chloride market is segmented into application, grade and form. Based on application, the food processing segment dominated the market in 2021 and accounted for around 35% of the overall market share. Food grade calcium chloride is widely used as coagulants in the production of cheese and as firming agents in processed fruits and vegetables, driving the dominance of this segment.

Key Takeaways
The global food grade calcium chloride market is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period, due to increasing demand for processed and packaged foods.

Market size
The Global Food Grade Calcium Chloride Market Size was valued at US$ 774.94 Mn in 2023. The market is expected to grow steadily, registering a CAGR of 6.8% during the forecast period of 2023 to 2030. The growing processed food industry is expected to drive the demand for food grade calcium chloride during the analysis period.

Regional analysis
North America dominated the global food grade calcium chloride market in 2023, accounting for around 30% of the overall market share. The high demand and consumption of processed and packaged food in countries like the US and Canada has augmented the requirement of food grade calcium chloride as a processing aid in the region. Asia Pacific is anticipated to be the fastest growing regional market during the forecast period, owing to increasing packaged food consumption in emerging economies of India and China.

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. dominated the global market in 2023 and is anticipated to maintain its leading position during the forecast period.

Read More: https://www.ukwebwire.com/food-grade-calcium-chloride-market-size-share-and-growth-forecast-2023-2023/

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