The global calcium formate market size is estimated to reach USD 1.25 billion by 2030 according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.5% from 2023 to 2030. Calcium formate, a calcium salt of formic acid, is gaining significant traction as a feed additive in the livestock industry. Its versatile properties, which help in improved digestibility, growth promotion, and disease prevention, have led to its increasing usage as a valuable supplement in animal nutrition.
One of the key advantages of calcium formate lies in its ability to improve the digestibility of animal feed. By optimizing the digestion process, it helps animals extract maximum nutrients from their diet, leading to enhanced nutrient absorption. This leads to better growth rates, improved feed efficiency, and ultimately, higher productivity.
The product has a positive impact on animal growth and performance is another driving factor behind its increasing usage as a feed additive. Studies have shown that when the product is included in the diet, it can stimulate the production of beneficial gut bacteria and improve gut health, leading to enhanced nutrient utilization. This, in turn, results in accelerated growth, improved weight gain, and overall better performance in animals.
Gather more insights about the market drivers, restrains and growth of the Calcium Formate Market
Calcium Formate Market Report Highlights
• In terms of end-use, the leather & textile segment held the largest revenue share in 2022 and is expected to grow during the forecast period. The use of calcium formate in various construction applications, such as tile adhesives, cement-based mortars, and self-leveling compounds is attributed to its dominance
• Based on application, the feed additive segment was the largest segment in 2022 and is projected to grow at a CAGR of 3.8% by 2030. This segment serves as a source of calcium and formic acid, providing nutritional benefits to livestock
• The textile dyeing & finishing segment dominated the market in 2022 with the largest revenue share. This is attributable to its utility in various industries, including leather and textile in which the product acts as a masking agent in the leather tanning process that helps promote quicker and more efficient chromium diffusion in the leather
• With increasing environmental concerns, there is a growing emphasis on sustainable solutions in various industries. The product, with its eco-friendly properties and potential for reducing environmental impact, is gaining attention as a sustainable additive in construction, leather, and textile applications
• Several substitutes are available for the market such as calcium chloride, thiocyanates, chlorides, carbonates, and thiosulfates in cement and concrete industrial applications. These substitutes are particularly used in the construction industry and hamper the growth of the market
Calcium Formate Market Segmentation
Grand View Research has segmented the global calcium formate market based on the grade, application, end-use, and region:
Calcium Formate Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Feed Grade
• Industrial Grade
Calcium Formate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Feed Additive
• Concrete Additive
• Textile Dyeing & Finishing
• Other Applications
Calcium Formate End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Construction
• Leather & Textile
• Animal Husbandry
• Power Generation
• Other End-use
Calcium Formate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Russia
• Asia Pacific
o China
o India
o Japan
o South Korea
o Malaysia
o Australia
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o Saudi Arabia
o South Africa
o UAE
Order a free sample PDF of the Calcium Formate Market Intelligence Study, published by Grand View Research.
