The numerous uses of food grade calcium chloride in the food processing sector are likely to fuel market expansion over the forecast period. Calcium chloride can be substituted in food applications by other salts such as sodium chloride, potassium chloride, and magnesium chloride. Over the projected period, the cheap availability of these replacements is likely to impede the market growth of food grade calcium chloride. Over the projected period, the rise of the cheese industry is likely to increase demand for food grade calcium chloride. Globally rising demand for pasta and pizza has resulted in higher per capita cheese consumption, which is projected to boost cheese market growth throughout the forecast period. For example, according to USDA National Agricultural Statistics Service statistics released in June 2019, cheese consumption in the United States was 35 pounds per person in 2010, increasing to 39.1 pounds per person in 2017.
According to Coherent Market Insights, The Gobal Food Grade Calcium Chloride Market is estimated to surpass US$ 1,078.7 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 6.8% during the forecast period (2021 to 2028).
Key Companies in the Food Grade Calcium Chloride Industry:
1. Solvay S.A.
Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The company was founded in 1863 and is headquartered in Brussels, Belgium.
2. Tokuyama Corporation
Tokuyama Corporation produces and sells various chemical products in Japan. The company operates through six segments: Chemicals, Cement, Electronics Materials, Life Science, Eco Business, and Others. Tokuyama Corporation was incorporated in 1918 and is headquartered in Tokyo, Japan.
3. Occidental Petroleum Corporation
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, North Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
4. Ward Chemical Ltd.
Ward Adhesives Inc operates as a chemical production company. The Company specializes in producing adhesives products. Ward Adhesives services include packaging, paper converting, graphic arts, bottle labeling, product assembly, woodworking, and adhesive products. The company was founded in 2008, headquartered in Alberta.
5. Tata Chemicals Ltd.
Established in 1939 in Mithapur in the Indian state of Gujarat. Tata Chemicals Limited is a global company with interests in businesses that focus Living, Industry and Farm Essentials.
6. TETRA Technologies, Inc.
TETRA Technologies, Inc., together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The company was incorporated in 1981 and is headquartered in The Woodlands, Texas.
7. Zirax Limited
Zirax was established in 2002. Zirax has become an innovative specialty chemicals producer with manufacturing facilities, R&D and marketing. Over the years, Zirax has become an innovative specialty chemicals producer with modern laboratories and manufacturing facilities, a raw material quarry and a dedicated oil & gas services company.
8. Anmol Chemicals Group
Anmol Chemicals is a manufacturer, supplier, and exporter of pharmaceutical excipients and food grade chemicals. The company was founded in 1976, headquartered in Mumbai, Maharashtra.
9. TCI Sanmar Chemicals S.A.E.
The company is Manufacturer of industrial chemicals based in Port Said, Egypt. The company specializes in the production and marketing of caustic soda and vinyl chloride monomers used in the production of PVC.
*Definition- Calcium chloride is commercially produced by a variety of processes, including natural brine refining, the reaction of calcium hydroxide with ammonium chloride in the manufacturing of Solvay soda ash, and the reaction of hydrochloric acid with calcium carbonate.
