CALCIUM FORMATE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Calcium Formate Market Size and Trends

The calcium formate Market size is valued US$ 860 Million in 2024 and is expected to reach US$ 1,250 Million by 2031, growing at a compound annual growth rate (CAGR) of 5.5%  from 2024 to 2031. Calcium formate is an inorganic salt that contains calcium and formate ions. It is primarily used as an animal feed additive. There are two main types of calcium formate available - anhydrous and hydrated form.

Calcium Formate Market Trends:

• Rising demand for non-hazardous preservatives: The demand for safer and more environmentally-friendly preservatives across various end-use industries like food, feed, construction, and others has been steadily increasing over the past few years. More consumers are looking for products with a clean label that do not contain harsh chemicals. This rising focus on clean labels and non-hazardous ingredients is positively impacting the calcium formate market. Calcium formate is a non-toxic and biodegradable salt that acts as an effective preservative, moisture regulator, and pH stabilizer. It can be used as a replacement for traditional preservatives like formalin and propionic acid, which pose health and environmental risks. The food industry in particular has shown strong interest in replacing current chemical preservatives with safer alternatives like calcium formate. For instance, according to a 2021 report by the UN Food and Agriculture Organization, over 30% of food manufacturers worldwide planned to remove potentially hazardous chemicals from their products and opt for natural alternatives.
• Shift towards eco-friendly chemicals: The increasing focus on sustainability and eco-friendliness is having a significant impact on the calcium formate market. Many companies across various end-use industries are actively pursuing greener chemical alternatives to traditional options in order to reduce their carbon footprint and appeal to environmentally conscious consumers. Calcium formate fits well with this trend, as it is a more sustainable preservative and dust suppressant compared to other chemicals. Calcium formate is biodegradable and breaks down harmlessly in the environment without releasing toxic or hazardous substances. It can help reduce pollution and minimize risks to soil and groundwater quality over the long run. This makes it an attractive proposition for industries like construction, mining, and agriculture. For instance, as per the U.S. Department of Agriculture, European Environment Agency, Several agriculture departments and environmental protection agencies globally have published reports highlighting the long-term economic and environmental advantages of alternatives like calcium formate.