Global Food and USP Grade Calcium Carbonate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Food and USP Grade Calcium Carbonate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Calcium carbonate is a natural mineral derived from the earth's deposits of limestone, marble or broken marine shells. Food grade calcium carbonate is mainly used as a food additive, such as acidity regulator, anti-caking agent, nutritional supplement, stabilizer, etc. It is used as a source of dietary calcium in some soy milk and almond milk products. USP grade calcium carbonate is widely used as an effective dietary calcium supplement, a base material for phosphate binders or pills, etc. In addition, it is also used as an antacid to relieve heartburn, acid indigestion and upset stomach.

Market Overview:

The latest research study on the global Food and USP Grade Calcium Carbonate market finds that the global Food and USP Grade Calcium Carbonate market reached a value of USD 8689.35 million in 2022. It’s expected that the market will achieve USD 10880.09 million by 2028, exhibiting a CAGR of 3.82% during the forecast period.

Demand for food and USP grade calcium carbonate products has declined around the world due to the impact of the pandemic on the global economy. With the escalation of the epidemic, the market has also been affected to a certain extent in the context of market turmoil and increased credit pressure. In addition, most countries are experiencing a fifth wave of the epidemic. As a result, some countries are again planning to impose restrictions through lockdowns to reduce the spread of the disease. As a result of these factors, industrial operations are affected, so the demand for food and USP grade calcium carbonate is also declining.

Food and USP grade calcium carbonate is a capital-intensive and talent-intensive industry. Affected by irresistible factors, downstream industries such as food and USP grade calcium carbonate in most regions have shown a trend of continuous decline or slow growth in sales. With the rapid development of pharmaceutical products, this popularity will undoubtedly accelerate the market demand for food and USP grade calcium carbonate. COVID-19 will have less of an impact on larger companies that have adopted their current strategies and are focused on improving profitability. The hardest hit will be SMEs, especially in the post-pandemic period of austerity.

After the epidemic is brought under control, the downstream market of food and USP grade calcium carbonate will usher in a strong rebound. Coupled with the digitalization of e-commerce in the food market, it is becoming more and more convenient for people to buy the products they need. Therefore, as long as food and USP grade calcium carbonate can continuously update product performance and attract consumers' attention, the development opportunities of the industry will become more and more optimistic.

Strict regulatory policy

Whether it is the food industry or the pharmaceutical industry, due to the particularity of the industry, the regulatory policies are very strict. Food and USP Grade Calcium Carbonate are mainly used as raw materials in these two industries, so they are also subject to strict supervision. For example, in 2017, the U.S. Food and Drug Administration (FDA or US) is revising color additive regulations to ensure the safe use of calcium carbonate to color hard and soft candies, mints, and chewing gum. If there is a violation, the FDA can take action against the company. The product is regulated by different agencies, the main agencies include the Food Chemicals Codex, European Pharmacopoeia, USP, etc., so for some multinational companies, the product must meet the standards and be approved. Strict regulatory policies have set norms for the industry and raised barriers to entry.

Regulations related to upstream mining activities

With increasing attention to the environment, various regulations have been developed around the world to govern mining activities. Mining activities also present significant challenges related to the environment. These activities generate large amounts of acid mine drainage, waste rock, tailings, airborne dust, and other pollutants deposited in the air, water and land. Hence, various stringent regulations have been instituted on mining activities, negatively impacting the growth of the calcium carbonate market. Comprehensive Environmental Response, Compensation, and Accountability Act (CERCLA), Clean Air Act (CAA), Clean Water Act (CWA), Toxic Substances Control Act (TSCA), National Environmental Policy Act (NEPA), and Resource Conservation and Recovery Act (RCRA) , are federal laws that regulate the mining industry in the United States.

Region Overview:


Geographically, North America held the largest market share – 54.69% in 2022.


Company Overview:

Omya is one of the major players operating in the Food and USP Grade Calcium Carbonate market, holding a share of 22.84% in 2022.

Omya

Omya is a leading global producer of industrial minerals – mainly fillers and pigments derived from calcium carbonate and dolomite – and a worldwide distributor of specialty chemicals.

J.M. Huber Corp.

The Company offers hydrocolloids, specialty chemicals and minerals, and engineered woods. J.M. Huber serves agrochemicals, beverages, cosmetics, food, household products, industrial applications, oil field drilling, paints and coatings, and pharmaceutical industries worldwide.

Segmentation Overview:

By type, Food Grade segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Food Industry segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Food and USP Grade Calcium Carbonate market covered in Chapter 3:

TianShiNet
Omya
Shcaco3
Imerys
Yixin New Material
Excelsior
KunalCalcium
J.M. Huber Corp.
Specialty Minerals Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Food and USP Grade Calcium Carbonate market from 2018 to 2029 is primarily split into:

Food Grade
USP Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Food and USP Grade Calcium Carbonate market from 2018 to 2029 covers:

Pharmaceuticals
Food Industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)