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Calcium Chloride Market Expected to Achieve USD 2.3 billion by 2031 with a 5.3% CAGR from 2023 | Insights – Benzinga

Wilmington, Delaware, United States, Nov. 09, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc.- The global calcium chloride market was estimated at a value of US$ 1.5 billion in 2022. It is anticipated to register a 5.3% CAGR from 2023 to 2031 and by 2031, the market is likely to attain US$ 2.3 billion by 2031.
In the food industry, calcium chloride is frequently used to manufacture cheese, brew beer, and tenderize meat. It is frequently added to canned fruits and vegetables as a firming agent. The food industry is driven by an increase in consumer money, a surge in the world population, and a growing need for easy nutritional options. This is enhancing market development.
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Global Calcium Chloride Market: Key Players
According to the calcium chloride market research report, the global landscape is concentrated, with the presence of some large businesses accounting for a significant share. To enhance their position, established businesses are expanding their manufacturing facilities and forming alliances. The following companies are well-known participants in the global calcium chloride market:
The use of anhydrous calcium chloride in food packaging is allowed by the United States the Food and Drug Administration This is anticipated to be a crucial element supporting market growth. For a variety of food items and delivery processes, calcium chloride ensures that food packaging remains dry.

Key Findings of the Market Report
Market Trends for Calcium Chloride
Global Market for Calcium Chloride: Regional Outlook
Various reasons are propelling the growth of the calcium chloride market in different regions. These are:
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Few of key developments by the players in this market are:
Global Calcium Chloride Market Segmentation 
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