Press release
Sorbic Acid Market Reflecting a CAGR of 5.0% by 2023
Sorbic Acid Market
The Sorbic Acid market is expected to register a steady CAGR of around 5% during the forecast by 2023. Sorbic acid, also known as 2,4-hexadecenoic acid or potassium sorbate, is a natural preservative used to prevent food spoilage and extend the shelf life of food.
The natural chemical molecule sorbic acid (2,4-hexadienoic acid) and its inorganic salts are used extensively as a food preservative. The unripe fruits of Sorbus aucuparia were the source of the first discovery of sorbic acid. The unsaturated fatty acid sorbic acid has an inhibitory effect on most food-eating pathogens, including mold, yeast and bacteria.
Because of its antifungal and antidegradant properties, it is used in almost all types of food, as well as in pesticides, grains, toothpastes, cosmetics, tobacco, latex, grains, toothpastes, and papermaking. In addition to sulfur dioxide, which helps convert sorbic acid to alcohol and removes the ethereal odor, sorbic acid is also used in winemaking. The Sorbic Acid market is growing at a constant CAGR and is expected to grow over the forecast period.
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The global sorbic acid market can be roughly segmented on the basis of ingredient, type, function, and region. The global sorbic acid market is segmented by ingredients such as polyhydroxyalkanoates (PHA), activated carbon, microcrystalline cellulose (MCC), phosphorus chemicals, methyl cellulose, carboxymethyl cellulose (CMC), ethyl cellulose and succinic acid. You can.
Sorbic Acid Global Market Applications include Food & Beverage, Industrial Chemicals, Pharmaceuticals, and others. Based on function, the market can be segmented into Food & Beverage Reducing Agents. By region, the global Sorbic Acid market is segmented into North America, Asia Pacific, Europe and Rest of the World (RoW).
The increasing use of synthetic preservatives such as sorbic acid is expected to be a key demand driver for the global sorbic acid market. Increased consumption of ready meals due to lifestyle changes is expected to drive growth in the food and beverage industry, which will contribute to revenue growth in the global sorbic acid market. The increasing use of protein drinks in the sports sector and the awareness of high-quality preservatives are contributing to the growth of the sorbic acid market.
The sorbic acid market has been hit hard by the growing desire to avoid artificial preservatives. Additionally, toxicity issues associated with sorbic acid limit the growth of the global sorbic acid market. Strict government regulations regarding the use of synthetic preservatives are also expected to limit the growth of the global sorbic acid market.
The major players in the global sorbic acid market include Eastman, Solvay, Celanese, PT HALIM SAKTI PRATAMA, Qingdao Kaison Chemicals Co. Ltd., Suzhou-Chem, Inc., Avatar Corp., KIC Chemicals, Inc. and Prinova. USA, Continental Chemical USA, Rose Foodstuff Chemistry Co. Ltd., Seidler Chemical Co., Inc. and Wego Chemical & Mineral Corp. etc.
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Region
• North America
• Us
• You have
• Europa
• France, Germany, Italy, Spain, Great Britain
• Eastern Europe
• so much
• APAC
Main features of this report
• Drivers, restraints, and challenges shaping Sorbic Acid market dynamics
• Latest innovations and major events in the industry
• Analysis of the trading strategies of top players.
• Sorbic Acid Market Estimates and Forecasts (2015-2021)
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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…
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