The global calcium acetate industry is anticipated to experience steady growth during the forecast period from 2019 to 2029, with a projected Compound Annual Growth Rate (CAGR) of 3%. This growth is primarily attributed to the consistent demand for calcium acetate from diverse industries, including pharmaceuticals, food and beverages, and textiles. The major share of this demand is expected to be concentrated in the regions of Europe and North America.
Calcium acetate is a chemical compound with a wide range of applications across various industries, including food and beverage, pharmaceuticals, and wastewater treatment. It is a calcium salt of acetic acid, known for its versatility and beneficial properties.
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Key Takeaways of Calcium Acetate Industry Study
- The 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 the calcium acetate market will be concentrated in Asia Pacific and North America.
- The availability of alternatives would hinder the growth of the 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 alcium Acetate Industry
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.
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Leading Players Undertake Expansion Activities to Solidify Their Place 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.
More about the Report
FMI’s study offers an in-depth market forecast and analysis on the global calcium acetate industry. The major categories encompassed by the report include function (texturizer, thickener, firming agent, and stabilizer), application (pet food, agriculture, food & beverages, and pharmaceuticals) across five regions (Asia Pacific, Middle East & Africa, Europe, Latin America and North America).
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