by Food grade calcium chloride is widely used as a processing aid, nutrition fortification agent, firming agent, and preservative in various food commodities like dairy products, canned fruits and vegetables, meat products and processed foods. It helps regulate moisture levels, control lactose crystallization, improve texture and extend shelf-life. As an important processing aid in dairy manufacturing, food grade calcium chloride is used to fortify the calcium content of milk, impart firmness to cheese and prevent milk coagulation. It also acts as a firming agent in canned fruits and seafood, preventing excess softening during storage. With rising health consciousness and changing dietary patterns, demand for processed and convenience foods has been increasing significantly. Moreover, the growing demand for high-quality dairy products from countries with burgeoning middle-class populations is further propelling the need for food grade calcium chloride.
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 key trends:
One of the key trends in the food grade calcium chloride market is the rising consumption of processed dairy products. Developing regions with growing disposable incomes such as Asia Pacific and Latin America are witnessing higher demand for packaged milk, yogurt, cheese and other value-added dairy products. Food grade calcium chloride plays an important role in processing dairy and helps manufacturers improve shelf-life and consistency of texture and flavor. Another notable trend is the increasing usage of calcium chloride as a preservative and shelflife extender in canned and packaged seafood and meat products. With growing health awareness, consumers prefer food products with clean labels and fewer artificial ingredients. Calcium chloride’s functionality as a natural preservative is driving its incorporation in various meat and seafood applications.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate due to moderate capital requirement. However, established brands and regulations create barriers.
Bargaining power of buyers: The bargaining power of buyers is high due to availability of substitutes. Buyers can switch to other calcium chloride grades or alternatives.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are multiple suppliers. However, suppliers operating at mass scale have more power.
Threat of new substitutes: The threat of substitutes is high as alternatives like calcium chloride brines or calcium hydroxide are available.
Competitive rivalry: The competition is high among key global and regional players due to established brands and supply contracts.
Key Takeaways
The Global Food Grade Calcium Chloride Market Size is expected to witness high growth. 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.
North America currently dominates the market due to growing food processing industry. Growing demand for processed food, ready-to-eat meals and packaged food drives the regional market.
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. Major players are focusing on new product launches and partnerships to strengthen their market share. For instance, in 2021, Teikoku Pharma USA launched LIDOTERO gel for topical treatment of pain associated with osteoarthritis of hands.
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
