The 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 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Food grade calcium chloride is widely used as a processing aid and preservative in various food and beverage applications. It is used as a firming agent and texture enhancer in cheese, bread and other bakery products. It also acts as a coagulant for tofu production. Calcium chloride has gained traction in the dairy industry as a mineral supplement for livestock feed and as a process aid during production and packaging of milk and other dairy products.

Market Dynamics:
Growth of the global dairy industry has been a major factor driving the demand for food grade calcium chloride. According to the Food and Agriculture Organization (FAO), production of milk globally has increased from 763 million tons in 2013 to 865 million tons in 2020. Moreover, rising health consciousness and changing dietary patterns have boosted the consumption of cheese and yogurt across various countries. Calcium chloride plays an important role as a firming agent during the cheese manufacturing process. Another key factor propelling the market growth is increasing usage of calcium chloride as a mineral supplement for poultry and cattle feed. It helps strengthen bones and improves feed intake and milk production. Ban on the usage of antibiotics as growth promoters has further augmented the demand for calcium chloride as a feed additive.

SWOT Analysis

Strength: Food grade calcium chloride has a long shelf life, making it suitable for use in various food applications. It has high solubility in water and brings about texture and consistency in processed foods. Moreover, calcium chloride aids in controlling the rate of fermentation in baking.
Weakness: Fluctuating raw material prices impact the overall production cost of food grade calcium chloride. Secondly, overconsumption of calcium chloride can lead to health issues like diarrhea and dehydration.
Opportunity: Rising demand for processed and packaged food items presents an opportunity for increased utilization of food grade calcium chloride. Furthermore, growing health-conscious population and shift towards mineral-enriched foods will augment the market growth.
Threats: Stringent regulations pertaining to the usage of chemicals in food products are a major threat. Substitutes like calcium lactate and calcium carbonate can also limit the market scope.

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 for processed food items. Changing lifestyle and rapid urbanization have fueled the demand for packaged foodstuffs where calcium chloride is used as a processing aid and coagulant.

Regional analysis: North America dominates the global market, attributed to a well-established food processing industry. The Asia Pacific region is forecasted to demonstrate the fastest growth owing to rising health awareness, Western influence on diets, and growing working population in the region countries like China, India, Australia and Japan.

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. Key players are focusing on capacity expansions to cater to the rising demand from food manufacturers globally.

For more insights, read- https://dailynewsmotion.weebly.com/report-blog/food-grade-calcium-chloride-market-estimated-to-witness-high-growth-owing-to-increasing-demand-from-dairy-industry