Press release
Sorbic Acid Market : Recent Industry Trends and Projected Industry Growth, 2015 - 2021
Global sorbic acid market can be broadly segmented on the basis of ingredients, types, functions and region. The global sorbic acid market can be segmented on the basis of ingredients as polyhydroxyalkanoate (PHA), activated Carbon, microcrystalline cellulose (MCC), phosphorous chemicals, methyl cellulose, carboxymethyl cellulose (CMC), Ethyl cellulose, and Succinic Acid. The global sorbic acid market applications include food & beverage, industrial chemicals, pharmaceuticals, and others. On the basis of function the market can be segmented as food & beverage reducing agents. Region wise, global sorbic acid market is segmented as North America, Asia-Pacific, Europe, and Rest of the World (RoW).
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Growing use of synthetic preservatives like sorbic acid is expected to be a major demand driver for the global sorbic acid market. Growing use of convenience food products due to change in lifestyle is expected to fuel the growth of the food and beverage industry which in turn will contribute to the growth in revenue of the global sorbic acid market. Growing use of protein drinks in sport sector as well as awareness regarding quality preservatives contributes to the growth of the sorbic acid market.
Sorbic acid market is highly affected due to the growing desire to avoid artificial preservatives. Also, toxicity issues related to sorbic acid restrains the growth of the global sorbic acid market. Stringent government regulations pertaining to the use of synthetic preservatives is also expected to restrain the growth of the global sorbic acid market.
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Some of the major players identified in the global sorbic acid market are Eastman, Solvay, Celanese, PT HALIM SAKTI PRATAMA, Qingdao Kaison Chemicals Co. Ltd., Suzhou-Chem, Inc., Avatar Corp., KIC Chemicals, Inc., Prinova USA, Continental Chemical USA, Rose Foodstuff Chemistry Co. Ltd, Seidler Chemical Co., Inc., and Wego Chemical & Mineral Corp. etc.
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𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐒𝐨𝐫𝐛𝐢𝐜 𝐀𝐜𝐢𝐝 𝐏𝐫𝐢𝐜𝐞𝐬 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐐𝟑
𝐒𝐨𝐫𝐛𝐢𝐜 𝐀𝐜𝐢𝐝 𝐏𝐫𝐢𝐜𝐞𝐬 𝐢𝐧 𝐔𝐒𝐀:
In Q3 2024, sorbic acid prices in the U.S. increased significantly, reaching 3120 USD/MT in September. This sharp rise was driven by strong demand and a limited supply of the product. Higher production and energy costs, along with disruptions in the supply chain, added to the price increase. Many buyers made advance purchases ahead of planned plant closures, further tightening…
Sorbic Acid Market In-depth Insights by 2030
𝐒𝐨𝐫𝐛𝐢𝐜 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
In terms of value, the global sorbic acid market is anticipated to expand at a CAGR of ~5% from 2020 to 2030 and cross US$ 700 Mn by 2030. North America dominated the global sorbic acid market in terms of volume in 2019. It is estimated to be the leading region of the global sorbic acid market during the forecast period. The food & beverages industry is…
Asia-Pacific Sorbic Acid Market To Expand Massively in Future
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Sorbic acid (2, 4-hexadienoic acid) and its mineral salts are naturally occurring organic compounds primarily used as food preservative.
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In 2019, the market size of Sorbic Acid is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in…
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Global Sorbic Acid Market provides a basic overview of the markets including definitions, classifications, applications and industry chain structure. The Sorbic Acid Market analysis is provided for the international Industry including development trends, competitive landscape analysis, and key regions development status.
The Sorbic Acid report provides key statistics on the market status of the Sorbic Acid Market manufacturers and is a valuable source of guidance and direction for companies and…
