Through the forecast period (2019–2019), the global calcium acetate market is anticipated to expand moderately. Through 2029, the calcium acetate market is expected to rise at a 3% CAGR thanks to persistent demand from a variety of end-use industries, including textiles, food & drinks, and pharmaceuticals. Europe and North America will account for the majority of the global demand for calcium acetate.
The calcium acetate market has witnessed significant growth in recent years, driven by its diverse range of applications in industries such as pharmaceuticals, food and beverages, and water treatment. Calcium acetate, a chemical compound with the formula Ca(C₂H₃O₂)₂, is a calcium salt of acetic acid. Its unique properties and versatile uses have contributed to its prominence in various sectors, making it an essential compound in today’s industrial landscape.
The global calcium acetate market has been experiencing steady growth due to the compound’s multiple applications. Its primary use lies in the pharmaceutical industry, where it serves as an effective phosphate binder, aiding in the treatment of hyperphosphatemia, a common complication in patients with kidney diseases. Furthermore, the food and beverage industry employs calcium acetate as a food additive, stabilizer, and thickening agent, enhancing the texture and shelf life of products.
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Key Takeaways of Calcium Acetate Market Study
- Role of calcium acetate in food preservation is projected to facilitate the overall market growth through the forecast period.
- Soaring demand for calcium acetate in blood phosphate regulation during dialysis is bolstering the market.
- Accelerating R&D activities for diversifying end-use applications is contributing to calcium acetate market growth.
- Gains in calcium acetate market will be concentrated in Asia Pacific and North America.
- Availability of alternatives would hinder the growth of calcium acetate market in the foreseeable future.
- Consumers’ greater inclination towards chemical-free products will stagnate the demand for calcium acetate through 2029.
Major stakeholders in global calcium acetate market must leverage expansion opportunities in high-growth regions such as Asia Pacific and Europe and form strategic alliances to gather stronger market foothold.
Europe Captures 31.2% Revenue Share in Global Calcium Acetate Market
Owing to established end-use industries of calcium acetate, Europe will continue to capture majority share through the forecast period. Higher income levels of consumers also contribute significantly to overall regional market growth. Leading manufacturers in this region continue to promote R&D activities for diversifying the applications.
Asia Pacific presents remunerative opportunities for calcium acetate manufacturers. Both in terms of consumption and production, Asia Pacific is a crucial market. Moreover, burgeoning end-use industries continue to supplement the regional market growth. Hence, Asia Pacific will account for substantial market share through 2029.
Leading Players Undertake Expansion Activities to Solidify their Place in Global Market
The global calcium acetate market is a fairly consolidated landscape. Major players profiled in this FMI study include, but are not limited to, Merck Millipore, Alemark, GFS Chemicals, Allan Chemical Corp., Richman Chemical, AVA Chemical PVT. LTD., Avantor Performance Materials, and Hawaii Chemicals & Scientific. Capacity and geographic expansion will be the key strategic focus of market leaders.
Prominent companies must channel their efforts towards broadening the applications they cater to. This move would fortify their position in developed regional markets such as Europe. Moreover, to expand foothold in emerging countries, they must opt for capacity expansion strategy.
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Calcium Acetate Market: Segmentation
The global calcium acetate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Function
- Texturizer
- Stabilizer
- Thickener
- Firming Agent
Application
- Pharmaceuticals
- Agriculture
- Food and Beverages
- Pet Food
Region
- North America
- Latin America
- Europe
- MEA
- Asia Pacific
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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