Global Calcium Peroxide Market Overview
Global Calcium Peroxide Market size is forecast to reach US$2.3 billion by 2026, after growing at a CAGR of 4% during 2021-2026 owing to increasing consumption of calcium peroxide or calcium dioxide food additives, flavoring agents, anti-oxidation agents, emulsifier, dough conditioners, fertilizer in the food & beverage industry, pharmaceutical, personal care & cosmetics sector, agriculture, and others. Calcium dioxide is soluble in water at a melting point of 200oC and released oxygen. Calcium peroxide is used for soil treatment, thus; increasing environmental concern regarding soil remediation and improved crop establishment with calcium peroxide which is expected to grow the market size. Calcium peroxide is used to remove cyanides from wastewater on the downstream side that is projected to boost the demand for calcium peroxide industry.
Impact of Covid-19
During 2020 and Q2 of 2021, major sectors saw a steady decline in growth owing to the decrease in transportation, production, marketing activities during the lockdown pandemic. Also, the food and beverages sector saw a decline during the pandemic. The rising consumer awareness about processed food creates a hindrance for market growth.
Global Calcium Peroxide Market Segment Analysis – By Grade
The food-grade segment held the largest share in the global calcium peroxide market in 2020. Food grade calcium oxide is used to preserve food products for a long time also protects from bacteria. Food grade calcium dioxide is widely used as a dough conditioner in the baking industry due to maintaining the texture of dough. Food-grade calcium oxide is a 90% powdered form chemical which is used to save food for a long time which is estimated to grow the demand for food-grade calcium oxide.
Global Calcium Peroxide Market Segment Analysis – By Application
Food additives dominated the global calcium peroxide market in 2020. Calcium peroxide protects food from bacteria, molds, fungus, and yeast and keeps fresh for longer periods. In the bakery, calcium oxide is used as food additive to improve its appearance, flavor, texture, or storage. Apart from this, this food additive is a non-halogenated dough conditioner that provides a better texture to the dough. Hence, the growing demand for fresh food is estimated to grow the demand for calcium peroxide.
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Global Calcium Peroxide Market Segment Analysis – By End-Use Industry
Food & beverages dominated the global calcium peroxide market in 2020 and is growing at a CAGR of 4.2% during 2021-2026. Calcium peroxide is widely used in the baking industry as a dough conditioner, as a flour bleaching agent, and an improving agent in the food & beverage industry. Calcium dioxide is a food additive to control pH levels (between 11 to 13) and decomposed during baking. Calcium peroxide provides strengthen the gluten wall in the dough for better texture, moisture retention, and yield. Thus, calcium peroxide is required as a food additive for food processing which is estimated to grow the market size. According to the India Brand Equity Foundation (IBEF), the processed food market was US$ 263 billion in 2019-20 which is projected to reach US$ 470 billion by 2025. Hence, the growing food industry is estimated to grow the consumption of calcium peroxide industry.
Global Calcium Peroxide Market Segment Analysis – By Geography
Asia Pacific dominated the global calcium peroxide market in 2020 with 30%, due to increasing cosmetics production and growing demand for fresh food in developing Asian countries such as China and India. Calcium peroxide is used as a dough conditioner, food additives, antioxidizing agent, emulsifier, and as other reagents in various industries such as food & beverages, cosmetics, and pharmaceutical which is estimated to grow the market size of calcium peroxide or calcium oxide. According to the India Brand Equity Foundation (IBEF), the personal care market is forecast to reach US$ 20 billion in India by 2025. According to Cosmetic Europe, a personal care association, the cosmetics market increased to euro 32.6 billion (US$ 36.49 billion) in 2019 compared to euro 29.4 billion (US$ 34.7 billion) in 2018 in Japan. According to the China Chain Store & Franchise Association, China’s food and beverage sector increased by US$595 billion in 2019 which is a 7.8 % increase in 2018. Hence, due to such factors, the usages of calcium peroxide are rapidly increased which is estimated to grow the market scenario during the projected year.
Global Calcium Peroxide Market Drivers
Increasing Demand from Personal Care & Cosmetics in Developing Economies
Calcium dioxide is used as a binder and antioxidant agent for various types of cosmetics products such as hair products, skincare, nail care, oral products, baby products, hair products, skin products, and others. Additionally, calcium oxide helps to prevent the growth of molds, yeasts, and bacteria, guarding against contamination that can cause irritation or infections. Thus, the growth in the cosmetic industry is estimated to create an opportunity for calcium peroxide market growth. According to Cosmetic Europe, a personal care association, China’s cosmetics market increased by 15.33 % to euro 54.9 billion (US$ 61.45 billion) in 2019 compared to euro 47.6 billion (US$ 56.21 billion) in 2018. Additionally, the cosmetic industry is also increased in other Asian countries such as Indian and Japan. According to Cosmetic Europe, a personal care association, the Cosmetic industry in India increased by euro 12 billion (US$ 13.43 billion) in 2019 as compared to euro 10.7 billion (US$ 12.63 billion) in 2018. Furthermore, the US cosmetics industry grew by 3.95% to euro 73.7 billion (US$ 82.50 billion) in 2019 compared to euro 67.2 billion (US$ 79.36 billion) in 2018. Hence, increasing the cosmetic industry is growing need for calcium peroxide as a cosmetic astringent is estimated to grow the market.
Growing Consumption of Calcium Peroxide
Calcium peroxide dissolves in acid then it forms hydrogen oxide and with water, it decomposed and released oxygen. It is a solid chemical oxidizer that is widely used as an improving agent in various end-use sectors. Calcium oxide can withstand high temperatures 200 0C with a density of 2.9-3.4 g/cm3. Furthermore, calcium peroxide is used as a dough conditioner that decomposed dough during baking which is estimated to increase the demand from the food sector. Additionally, calcium peroxide is used in kinds of toothpaste as a whitener which is projected to need the demand for calcium oxide in cosmetics is estimated to grow the market size.
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Global Calcium Peroxide Market Challenges
Adverse Impact on Health
Calcium peroxide poses a health risk as it causes lungs infection, coughing, breathing, and wheezing. Calcium dioxide can irritate skin and eye damages during exposure. Additionally, calcium peroxide is a toxic chemical that may cause a respiratory system. Thus, increasing awareness regarding health may hamper the consumption of calcium peroxide in end-use industries which creates a hindrance for the global calcium peroxide industry growth.
Global Calcium Peroxide Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the global calcium peroxide market. Major players in the Global Calcium Peroxide Market include:
Carus Group Inc
Stp Chem Solution Co, Ltd,
Noshly Pty Ltd,
Zhengzhou Huize Biochemical Technology Co.Ltd,
Shangyu Jie Hua Chemical C, and more
The Asia Pacific dominates the global calcium peroxide market due to the increasing consumption of calcium oxide from various end-use industries such as food & beverages and cosmetics in India and China.
Increasing the adoption of calcium dioxide as dough conditioner, improving agent, emulsifier, oxidizer, and others reagent as they maintain the texture of products and is estimated to grow the global calcium peroxide market size.
Additionally, increasing cosmetics activities in emerging and developing counties such as Europe, United States, India, and China are growing the demand as a binder in cosmetic industry which is growing the consumption of calcium peroxide.
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