Food grade calcium chloride is a salt that provides calcium ions needed for various processes in the food industry. It acts as a firming agent, processing aid, curing agent, neutralizer and preservative in several processed foods such as meat, seafood and cheese. Food grade calcium chloride helps control cheese moisture and improves its texture, taste and shelf life. It also prevents browning and softening of vegetables and helps control bleeding in processed meat products.
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:
The wide applications of food grade calcium chloride in various food types is one of the key trends driving the market growth. It is used as a firming agent in processed cheese, meat and seafood to improve texture and shelf life. Food grade calcium chloride also acts as a preservative by controlling browning and softening of vegetables. The growth in processed and packaged food industry has fueled the demand for various food additives and processing aids like calcium chloride. The increasing health consciousness and demand for high quality food products with longer shelf life has further propelled the market for calcium chloride. Innovations to develop new application areas and product forms of calcium chloride will continue to offer significant growth opportunities for market players over the forecast period.
Segment Analysis
Deicing segment dominates the food grade calcium chloride market. Food grade calcium chloride is widely used as a deicer to remove ice on roads, highways and airports. It is more effective and safer to use than other deicing methods like rock salt. It has a lower corrosive effect on vehicles. It keeps the roads safer during winters by preventing ice formation.
Key Takeaways
The Global Food Grade Calcium Chloride Market Size is expected to witness high growth over the forecast period. 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.
Rapid infrastructure development especially in North America and Europe for deicing runways and highways has increased demand for food grade calcium chloride in these regions. These regions currently dominate the global market due to widespread use of deicing methods on roads and airports. North America has the largest share in the food grade calcium chloride market owing to cold weather conditions and established infrastructure in the US and Canada requiring large scale deicing. Major demand comes from the states experiencing harsh winters such as Minnesota, Wisconsin and New York. Europe is the second largest market driven by similar factors as North America along with policies supporting deicing for safety.
Key players:
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., Galen Limited, Sorrento Therapeutics, Inc., Amneal Pharmaceuticals, Inc., Rhodes Pharmaceuticals L.P., 6iPain Healthcare Private Limited, and Sanofi S.A.
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https://www.newswirestats.com/food-grade-calcium-chloride-market-size-share-growth-outlook-2023/
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