April 22, 2024
Food Grade Calcium Chloride Market

Food Grade Calcium Chloride Market Witness High Growth Due to Rising Applications in Food Processing Industry

Food grade calcium chloride is used as a supplement in bakery products, dairy products, preserved vegetables and fruits among others. It helps soften water and control pH, thereby retaining nutrients and flavours. The compound also prevents discoloration and delays spoilage by regulating the humidity inside food packaging. The Global food grade calcium chloride market is expected to grow owing to the increasing demand from the food processing industry where it is used as a firming agent, coagulant and preservative.

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 include Saint-Gobain, Kingspan, Rockwool, BASF, Johns Manville, Knauf Insulation, Owens Corning, Paroc, Dow Building Solutions, GAF Materials.

Key opportunities in the market include growing demand from dairy, baked foods and preserved fruits industries. Food grade calcium chloride helps increase shelf life and retains texture and moisture in these products.

Technological advancements like development of modified release formulations and nanoencapsulation of calcium chloride are expanding its applications. This helps improve solubility and control release of calcium ions in different food matrices.

Market Drivers
The primary driver boosting the food grade calcium chloride market is rapid growth of the processed food industry globally. Rising incomes and busy lifestyles have led to higher consumption of convenience and packaged foods where calcium chloride finds major usage. Its ability to serve as a firming agent helps processed cheese, yogurt and baked foods maintain texture for longer durations. Continuous innovation and product development activities by manufacturers too support the market growth.

Current challenges in Food Grade Calcium Chloride Market
The Food Grade Calcium Chloride Market is facing certain challenges such as fluctuation in raw material prices due to supply chain disruptions and unfavorable weather conditions. The spread of Covid-19 pandemic has severely impacted the supply and demand of food grade calcium chloride. Lockdowns imposed across various countries led to closure of manufacturing facilities which disrupted the supply chain. The market players faced difficulties in transporting and shipping the products to different regions.

SWOT Analysis
Strength: Food grade calcium chloride has wide applications in food processing, cold storage and other areas. It acts as an important preservative and freezing point depressant.

Weakness: Frequent price fluctuations of raw materials can negatively impact the profit margins of manufacturers. Stringent safety regulations regarding the usage of chemicals in food processing poses a challenge.

Opportunity: Rising meat consumption along with growing processed food industry will augment the demand for food grade calcium chloride as preservative. New application opportunities in food packaging can be explored.

Threats: Availability of alternative product options like calcium lactate and potassium chloride is a threat to market growth. Stringent environmental norms regarding disposal of industrial waste can restrain the market.

Geographical regions of concentration
North America currently dominates the global food grade calcium chloride market in terms of value. U.S accounts for the largest market share owing to large processed food industry and widespread distribution channels.

Fastest growing region
Asia Pacific region is poised to be the fastest growing market for food grade calcium chloride during the forecast period. This is attributed to rapid industrialization, rising income levels and growing health consciousness among individuals which is propelling the demand for processed packaged foods. Countries like China, India are expected to stir the market growth.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it