food-grade-calcium-carbonate-market

Food Grade Calcium Carbonate Market By Type (Ground Calcium Carbonate, Precipitated Calcium Carbonate), By Application (Fortified Beverages, Bakery Food, Confectionery Products, Convenience Food, Dietary Supplements, Others) - Growth, Share, Opportunities & Competitive Analysis, 2024 - 2032

25 Jul 2023 Format PDF icon PPT icon XLS icon Request Sample

The food-grade calcium carbonate market is expected to experience a CAGR of 7% during the forecast period of 2024 to 2032. Calcium carbonate, a versatile mineral compound, finds extensive use in the food and beverage industry due to its various functional properties. It is widely used as a food additive, acidity regulator, anti-caking agent, and nutritional supplement. One of the key drivers propelling market growth is the increasing demand for calcium-fortified food products. With the growing awareness about the importance of a balanced diet and the role of calcium in maintaining bone health, consumers are seeking food and beverages that offer additional calcium content. Food-grade calcium carbonate provides an effective solution for food manufacturers to meet this demand, as it can be easily incorporated into a wide range of products such as dairy products, bakery goods, and beverages. Another factor driving the market is the rising popularity of functional and fortified food products. Consumers are becoming more health-conscious and are actively seeking products that offer additional nutritional benefits. Calcium carbonate acts as a calcium supplement, providing the necessary nutrient for bone health. Additionally, it helps in enhancing the texture, stability, and shelf life of food products, making it a preferred choice for manufacturers. The market is also being driven by the increasing demand for processed and convenience foods. As lifestyles become busier, consumers are leaning towards ready-to-eat and on-the-go food options. Calcium carbonate plays a crucial role in maintaining the desired texture and stability of processed foods, ensuring product quality and extended shelf life.

Food Grade Calcium Carbonate Market

Increasing Demand for Calcium-Fortified Food Products

The demand for calcium-fortified food products is a key driver propelling the growth of the food-grade calcium carbonate market. Consumers are increasingly aware of the importance of a balanced diet and the role of calcium in maintaining bone health. As a result, there is a growing preference for food and beverages that offer additional calcium content. Food-grade calcium carbonate provides an effective solution for food manufacturers to meet this demand. Consumer surveys and studies have shown a rising interest in products fortified with calcium. According to a study conducted by the National Institutes of Health (NIH), calcium intake has been on the rise, with more consumers seeking out foods that contain calcium. Additionally, the increased availability of calcium-fortified products in the market, such as calcium-fortified milk, cereals, and juices, further supports the growing demand.

The Popularity of Functional and Fortified Food Products

The market growth is also driven by the increasing popularity of functional and fortified food products. Consumers are becoming more health-conscious and actively seek products that offer additional nutritional benefits. Calcium carbonate acts as a calcium supplement, providing the necessary nutrient for bone health. Moreover, it helps enhance the texture, stability, and shelf life of food products, making it a preferred choice for manufacturers. The market is witnessing a surge in the availability of functional and fortified food products containing calcium carbonate. For instance, there has been an increase in the production and consumption of calcium-fortified beverages like fortified fruit juices and plant-based milk alternatives. This trend is fuelled by the consumer perception that fortified products contribute to overall health and well-being.

Increasing Consumption of Processed and Convenience Foods

The rising demand for processed and convenience foods is another driver of the food-grade calcium carbonate market. As lifestyles become busier, consumers are increasingly opting for ready-to-eat and on-the-go food options. Calcium carbonate plays a crucial role in maintaining the desired texture and stability of processed foods, ensuring product quality and extended shelf life. The growth of the processed and convenience food industry is well-documented. Changing dietary habits, urbanization, and the need for time-saving solutions have contributed to the increased consumption of these food products. Calcium carbonate's ability to improve the texture and stability of processed foods is a key factor in its widespread usage in this sector. This can be observed in the wide range of processed food products, such as frozen meals, snacks, and bakery goods, that incorporate calcium carbonate as an ingredient.

Regulatory Constraints on Food Additives

One of the restraints affecting the food-grade calcium carbonate market is the regulatory constraints imposed on food additives. Governments and regulatory bodies have established strict guidelines and regulations regarding the use of additives in food products to ensure consumer safety and product quality. These regulations often include maximum allowable limits for specific additives, including calcium carbonate. Compliance with these regulations can pose challenges for manufacturers in terms of formulation and labeling, as well as in meeting the stringent quality control measures required to ensure compliance. Regulatory bodies, such as the Food and Drug Administration (FDA) in the United States and the European Food Safety Authority (EFSA) in the European Union, regularly update and enforce regulations related to food additives. These regulations define the maximum allowable limits of additives and require manufacturers to provide sufficient scientific evidence of safety and efficacy before obtaining approval for their use in food products. The need to comply with these regulations can create barriers for manufacturers in the food-grade calcium carbonate market, as they must invest in research and testing to demonstrate compliance and meet the regulatory requirements.

Precipitated Calcium Carbonate Dominates the Market by Type

The food-grade calcium carbonate market can be segmented into two main types: Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC). In terms of revenue, Precipitated Calcium Carbonate (PCC) held the highest market share in 2023, due to its higher unit price and extensive usage in premium food products. Its unique properties and improved functionalities make it a preferred choice for manufacturers looking to enhance the quality and performance of their food formulations. PCC offers unique properties such as smaller particle size, high purity, and controlled crystal morphology, making it suitable for a wide range of food applications. It is commonly used in bakery products, dairy, beverages, and confectionery as a functional additive. PCC's superior functionality and versatility contribute to its higher market revenue compared to GCC. PCC is expected to exhibit a higher CAGR due to its growing demand in various food applications and its ability to meet the increasing consumer preference for high-quality, functional food products. However, in terms of the CAGR, Ground Calcium Carbonate (GCC) is projected to witness the highest growth rate during the forecast period of 2024 to 2032. While GCC may have a lower market share in revenue compared to PCC, its cost-effectiveness and widespread application across various food products contribute to its steady growth. The mature nature of the GCC market allows for consistent demand, and its cost advantages make it an attractive option for manufacturers, especially in price-sensitive markets. Ground Calcium Carbonate (GCC) is obtained from natural sources such as limestone or marble. It is produced by crushing, grinding, and classifying calcium carbonate rocks into fine particles. GCC is widely used in the food and beverage industry due to its cost-effectiveness and availability. It finds applications as an anti-caking agent, pH regulator, and nutritional supplement in various food products.

Fortified Beverages and Bakery Food Dominates the Market by Applications

The food-grade calcium carbonate market can be segmented based on applications into Fortified Beverages, Bakery Food, Confectionery Products, Convenience Food, Dietary Supplements, and Others. Among these segments, Fortified Beverages and Bakery Food contributed to the highest revenue in 2023, driven by consumer demand for functional and fortified products. Fortified Beverages represent a significant application segment in the food-grade calcium carbonate market. With the increasing consumer demand for functional and fortified beverages, manufacturers are incorporating calcium carbonate as a nutritional supplement and fortifying agent. The segment is expected to witness high revenue due to the popularity of calcium-fortified juices, plant-based milk alternatives, and other fortified beverages. Bakery Food is another key application segment, leveraging the functional properties of calcium carbonate. It acts as a dough conditioner, enhancing texture and improving the stability of baked goods. The bakery food segment is expected to contribute to substantial revenue in the food-grade calcium carbonate market, as calcium-fortified bread, cookies, and other bakery products gain consumer preference. However, the Convenience Food and Dietary Supplements segments are expected to exhibit the highest CAGR during the forecast period of 2024 to 2032, reflecting the growing preference for convenient food options and nutritional supplementation. Convenience Food, including ready-to-eat meals, processed snacks, and frozen foods, is a rapidly growing application segment. Calcium carbonate plays a crucial role in maintaining the desired texture and stability of these products. With the increasing demand for convenience food options, the convenience food segment is expected to contribute significantly to the overall market revenue.

North America Remains as the Global Leader

North America held a significant share of the food-grade calcium carbonate market in 2023, driven by the presence of a well-established food and beverage industry and the growing demand for functional and fortified products. The region also has a high level of consumer awareness regarding the importance of calcium in maintaining bone health. North America contributed the highest revenue percentage in the market. The Asia Pacific region is anticipated to witness the highest CAGR in the food-grade calcium carbonate market during the forecast period of 2024 to 2032. Factors such as changing dietary patterns, urbanization, and the rising middle-class population are driving the demand for processed and convenience foods in this region. Moreover, the growing awareness about the health benefits of calcium-fortified products is contributing to market growth. Countries such as China, India, and Japan are the major contributors to the market's growth in the Asia-Pacific region.

Market Competition to Intensify during the Forecast Period

The food-grade calcium carbonate market is characterized by intense competition among key players, with a focus on expanding market share and meeting evolving consumer demands. The top players in the food-grade calcium carbonate market include Omya AG, Imerys SA, Huber Engineered Materials, Minerals Technologies Inc., Mississippi Lime Company, Nordkalk Corporation, Schaefer Kalk GmbH & Co KG, and others.  These companies employ strategies such as product portfolio expansion, geographical expansion, mergers and acquisitions, and collaborations to strengthen their market position. To stay competitive, key players in the food-grade calcium carbonate market focus on product innovation, research and development activities, and customer-centric approaches. They actively engage with customers to understand their specific requirements and develop tailored solutions. Additionally, companies emphasize compliance with regulatory standards and invest in quality control measures to ensure product safety and consistency. Companies focus on product innovation, partnerships, and acquisitions to enhance their product portfolios and meet the diverse needs of customers. With a strong emphasis on sustainability and quality, these players strive to differentiate themselves and maintain their competitive edge in the market.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Food Grade Calcium Carbonate market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Food Grade Calcium Carbonate market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Type
  • Ground Calcium Carbonate
  • Precipitated Calcium Carbonate

Application
  • Fortified Beverages
  • Bakery Food
  • Confectionery Products
  • Convenience Food
  • Dietary Supplements
  • Others

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Food Grade Calcium Carbonate market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Food Grade Calcium Carbonate market?
  • Which is the largest regional market for Food Grade Calcium Carbonate market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Food Grade Calcium Carbonate market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Food Grade Calcium Carbonate market worldwide?
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