by 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 used as a processing aid in the food industry. It is used as a firming agent in canned vegetables and fruits to retain their crispness and texture. It also acts as a setting agent in jams, jellies, and packaged cheese products. Food grade calcium chloride possesses moisture absorbing properties and helps in creating a microbiologically stable environment for long shelf-life of packaged foods. It regulates pH and acts as a leavening agent in baked goods. The increasing demand for packaged, frozen, and convenience foods globally has propelled the demand for food grade calcium chloride as a processing aid and preservative.
Market key trends:
One of the key trends in the food grade calcium chloride market is the growing digitization of the food industry. Technologies such as AI, IoT, and blockchain are enabling food traceability, supply chain transparency, and quality monitoring. Food manufacturers are increasingly adopting digital solutions to gain real-time processing insights, optimize production processes, and ensure food safety compliance. This is augmenting the demand for processing aids and additives like food grade calcium chloride which helps in extending shelf-life of perishable foods. The digital drive in the food sector is expected to drive increased adoption of food additives and preservatives in the long run.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the food grade calcium chloride market is moderate. High capital requirements and economies of scale are barriers to entry. However, the market is expected to grow in the future which can provide opportunities for new players.
Bargaining power of buyers: The bargaining power of buyers in the food grade calcium chloride market is high. Many buyers in the industrial segment can switch between calcium chloride suppliers based on quality and price.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. Suppliers have low bargaining power due to the commodity nature of calcium chloride. However, major suppliers enjoy brand recognition and customer loyalty.
Threat of new substitutes: The threat of substitutes is low for food grade calcium chloride. There are no cost-effective alternatives that can match all the functionalities of calcium chloride.
Competitive rivalry: The competitive rivalry in the market is high due to the presence of numerous international and regional players.
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, due to increasing demand from end-use industries such as food processing, animal feed, oil recovery, and refrigeration.
Regional analysis: North America dominates the global market, accounting for over 30% of overall demand. This can be attributed to the growth of industrial activities and development of shale gas & oil exploration activities in the region. Asia Pacific is expected to be the fastest growing regional market for food grade calcium chloride due to rapid growth of food processing and packaging industries in countries such as India and China.
Key players: Key players operating in the 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. Solvay, Occidental Petroleum, and TETRA Technologies are among the largest producers and suppliers of food grade calcium chloride globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
