Europe Calcium Peroxide Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Europe Calcium Peroxide Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

The Europe Calcium Peroxide market is projected to register a CAGR of over 2.5% during the forecast period. Calcium peroxide is an inorganic and oxygen-generating compound used as a seed disinfectant, an antiseptic, an additive to food, and a rubber stabilizer. Nationwide lockdowns worldwide due to the COVID-19 pandemic disrupted calcium peroxide manufacturing and the raw material supply chain. However, the conditions recovered in 2021.

• Growing demand for calcium peroxide in the food, agriculture, cosmetics, mining, oil, and gas industries are some driving factors that simulate the European market demand.
• Increasing environmental concerns regarding soil remediation, oil-spill recovery, and improved crop establishment using seed pelleting with calcium peroxide are expected to act as an opportunity for the market.
• The potential hazardous effects of calcium peroxide are likely to hinder the market’s growth.
• The rise in oral care hygiene is one of the factors contributing to the calcium peroxide market growth. Calcium peroxide is an oxidizing agent used for tooth whitening and is an environmentally friendly raw material.

• The food and beverage industry is a significant consumer of food-grade calcium peroxide, which is widely used as a non-halogenated agent in the food and beverage industry.
• Food-grade calcium peroxide is used as a texturizer. This non-halogenated agent can also be used in dough to strengthen the gluten wall and increase moisture yield and retention.
• Food-grade calcium peroxide is used in various bakery product applications, widely used as a dough conditioner in the baking industry. Calcium peroxide is a fast-oxidizing agent, and it is used in producing yeast-leavened bakery products as a processing aid or dough conditioner.
• According to Eurostat, in 2022, Europe's food and beverage industry exports were over USD 38,000 million. Exports of bread and other bakery products were at USD 529 million.
• Germany is by far Europe's largest food and beverage market and is also home to more than 83 million of the world's wealthiest consumers. In 2022, the German food market is expected to generate USD 232.70 billion in revenue.
• The agri-food industry in United Kingdom is the largest manufacturing sector, employing 4.1 million people. By the end of 2021, the total consumer spending on food, drinks, and catering was USD 284 billion, and exports were USD 23.9 billion. In United Kingdom, bakery SMEs contributing USD 4.7 billion by the end of 2020.
• According to food export Midwest USA, Italian food and beverage value-added output dropped by 3% in 2020 but recovered by 4% in 2021 and is expected to increase further in 2022 due to rising domestic consumption and growing exports.
• Furthermore, Europe is a major bakery product market, comprising more than 150 bakeries. The growing snacking culture supports the European bakery market.
• Italy exported savory bakery products to more than 100 countries in the first eight months of 2021. According to Euromonitor, by the end of 2022, Italy's packaged food industry sales are estimated to reach USD 95.6 billion, making it the 8th largest packaged food market globally.
• All the above factors are expected to significantly impact the demand for food-grade calcium peroxide during the forecast period.

• German food industry exhibited an increase in demand for calcium peroxide which is likely to benefit the market growth during the forecast period. In 2021, Germany’s nominal GDP reached USD 4.21 trillion, positioning the country as the 4th largest economy in the world. According to USDA, Germany is a major producer of food products and a leading player in the global marketplace.
• Germany's rising income level is the primary factor driving the growth of the food industry. New investments are being observed in the food and beverage sector, which are intended toward setting up, food processing, and beverage-producing facilities, thus increasing the food-grade calcium peroxide demand.
• Germany’s food industry is the fourth largest industry in terms of possibilities of growth in the future. The industry is characterized by its small and medium-sized enterprise sectors, comprising of about 6,000 companies. According to Eurostat, in 2018 German bakery industry revenue was over USD 23 million.
• The German leading bakery industries like Steinecke Holding GmbH and Edeka-Gruppe produce over 3000 different wide ranges of bakery products, this is expected to drive the demand for calcium peroxide.
• Germany is the largest oil & gas consumer in the European region. With the recent increase in the number of oil spills, Germany developed a strategy for oil spills in the Baltic Sea, including contaminated soil and water treatments. Calcium peroxide is effective in removing petroleum hydrocarbons from contaminated water and soil, thus promoting market demand.
• Growth in the German agriculture industry and agricultural products like fertilizer, and seed disinfectants, is likely to boost the demand for calcium peroxide that finds application in soil remediation and as a seed disinfectant.
• All the aforementioned factors are expected to increase the demand for calcium peroxide in the region during the forecast period.

The European calcium peroxide market is partially consolidated, with few players holding the market’s major share. Some of the major players in the market include AkzoNobel, Evonik Degussa GmBH, Solvay, Calmags GmBH, Merc KGaA, BuGuCh & Partners, Carus group, and Thermofisher, among others.

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