The global food grade calcium chloride market is estimated to be valued at US$ 679.4 million in 2021 and is expected to exhibit a CAGR of 6.8% over the forecast period, according to a new report published by Coherent Market Insights.

A) Market Overview:
Food grade calcium chloride is a white crystalline salt used as a firming agent and preservative in the food and beverage industry. It is used in various products such as canned vegetables, cheese, sauces, and pickles. Calcium chloride helps in maintaining the texture and extends the shelf life of food products. The growth of the food and beverage industry, along with the increasing demand for processed and packaged food, is driving the growth of the food grade calcium chloride market.

B) Market Dynamics:
The global food grade calcium chloride market is driven by two key factors: increasing demand from the food and beverage industry and the growing trend of processed and packaged food.

The food and beverage industry is experiencing significant growth globally due to evolving consumer preferences and changing lifestyles. Calcium chloride is widely used in this industry as it enhances the firmness and texture of various food products. It is also used as a preservative to prevent spoilage and extend the shelf life of food items. With the rising demand for convenience food and ready-to-eat meals, the demand for food grade calcium chloride is expected to increase significantly.

Another driver for the market is the growing trend of processed and packaged food. Busy lifestyles and urbanization have led to an increase in the consumption of processed and packaged food products. Calcium chloride is used in these products to maintain their freshness and quality. It helps in preventing the growth of bacteria and yeasts, thereby ensuring the safety of the food. As the demand for processed and packaged food continues to rise, the demand for food grade calcium chloride is also expected to grow.

C) SWOT Analysis:
Strengths:
1. Increased demand from the food and beverage industry: Calcium chloride is extensively used in the food and beverage industry due to its various benefits in food preservation and texture enhancement.
2. Growing trend of processed and packaged food: The increasing consumption of processed and packaged food products is driving the demand for food grade calcium chloride.

Weaknesses:
1. Potential health concerns: High consumption of calcium chloride can lead to health issues such as stomach irritation and kidney problems.
2. Availability of alternatives: Some food manufacturers are opting for natural alternatives to calcium chloride, which may affect the market growth.

Opportunities:
1. Growing awareness of clean label ingredients: The rising demand for natural and clean label ingredients in food products presents an opportunity for manufacturers to develop calcium chloride alternatives.
2. Increasing demand from emerging economies: The growing population and changing dietary habits in emerging economies present a significant opportunity for the food grade calcium chloride market.

Threats:
1. Stringent regulations: The food industry is subject to strict regulations related to the use of food additives, which may limit the market growth.
2. Fluctuating raw material prices: Price fluctuations of raw materials used in the production of calcium chloride may pose a challenge for manufacturers.

D) Key Takeaways:
- The Global Food-Grade Calcium Chloride Market Demand is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period, due to increasing demand from the food and beverage industry.
- The Asia-Pacific region is expected to be the fastest-growing and dominating region in the market, driven by the growing population, urbanization, and rising disposable incomes.
- Key players operating in the global food grade calcium chloride market include Solvay S.A., Tokuyama Corporation, Occidental Petroleum Corporation, Ward Chemical Ltd., Tata Chemicals Ltd., TETRA Technologies, Inc., Zirax Limited, Weifang Yuze Chemical Co., Ltd., Mey Chern Chemicals Sdn Bhd., Anmol Chemicals Group, TCI Sanmar Chemicals S.A.E., and Weifang Haibin Chemical Co., Ltd.
Overall, the increasing demand from the food and beverage industry, along with the growing trend of processed and packaged food, is expected to drive the growth of the food grade calcium chloride market. Manufacturers are focusing on developing clean label alternatives and targeting emerging economies to tap into the market's potential.