The global calcium acetate market is poised for modest growth at approximately 3% CAGR through the duration of the projection period (2019-2029). Steady demand for calcium acetate continues to arise from various end-use industries such as food & beverages, pharmaceuticals, textiles, agriculture, and petroleum. Moreover, manufacturers are focused on undertaking growth-oriented strategies for long-term competitive ascendancy.
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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.
Market Drivers:
- Pharmaceutical Industry Demand: Calcium acetate is commonly used as a pharmaceutical excipient, serving as a binder, filler, and disintegrant in the production of tablets and capsules. Its use in medications for treating hyperphosphatemia, a condition commonly found in patients with kidney diseases, has driven its demand in the pharmaceutical industry.
- Food and Beverage Applications: In the food and beverage industry, calcium acetate is used as a food additive, functioning as a stabilizer, thickener, and firming agent. It is used in various products, including baked goods, jams, jellies, and dairy products, to improve texture and enhance shelf life.
- Textile and Leather Industry: Calcium acetate is used in textile and leather industries as a neutralizer and buffer in dyeing and finishing processes. It helps maintain the pH of solutions and enhances dye absorption, leading to improved color quality and consistency.
- Water Treatment: The use of calcium acetate in water treatment processes, specifically for the removal of phosphates from wastewater, has gained prominence. It acts as a phosphate binder, aiding in the reduction of environmental pollution and the prevention of algal blooms.
Leading Players in the 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
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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