Potassium Sorbate Market Size Worth USD 260.3 Million in 2032 | Emergen Research

The global potassium sorbate market size was USD 167.8 Million in 2022 and is expected to register a revenue CAGR of 4.6% during the forecast period. The global market for potassium sorbate is witnessing steady growth, driven by rising demand for extending the shelf life of processed foods and the growing adoption of preservatives in various industries. A recent market research report highlights key insights into the market dynamics, including drivers, restraints, and segment insights.

Market Drivers

The rising demand for extending shelf life in processed foods is a primary driver of market growth. With the global demand for food processing industries on the rise, there is an increasing need for preservatives like potassium sorbate to maintain food quality and safety. Additionally, the growing popularity of convenience foods and the globalization of the food supply chain further contribute to the demand for potassium sorbate.

Get Free Sample Report and Related Graphs & Charts @https://www.emergenresearch.com/request-sample/2830

Market Restraints
However, the market faces challenges such as limited product designs and high production costs of potassium sorbate, which pose barriers to revenue growth. These challenges lead to pricing difficulties and prompt buyers to explore more cost-effective alternatives.

Segment Insights

The market is segmented based on type, grade, application, and end-use:

• Type Dynamics: Sorbic acid dominates the market due to its effectiveness in food preservation and pharmaceuticals.

• Grade Insights: Food grade potassium sorbate holds the largest market share due to its ability to extend the shelf life of beverages, baked goods, and dairy products.

• Application Insights: Food preservatives segment dominates the market, driven by the increase in global production of packaged foods. Potassium sorbate is widely used in food preservation due to its resistance to pH changes and versatility.

• End-Use Insights: The food and beverage segment is expected to register significant growth, fueled by the increasing adoption of preservatives in the food processing sector.

Recent Developments

In February 2023, Celanese announced a joint venture with Mitsui & Co. to establish a food ingredients business, further enhancing the market landscape. Celanese's expertise in sweeteners and preservatives, including potassium sorbate, positions the joint venture for success in meeting the growing demands of the food industry.

Request A Discount On The Report @https://www.emergenresearch.com/request-discount/2830

Outlook

The global potassium sorbate market is expected to continue its growth trajectory, driven by the increasing demand for food preservation and the expanding food processing industry. Manufacturers are focusing on innovation and cost-effective solutions to overcome challenges and capitalize on emerging opportunities in the market.

Potassium Sorbate Top Companies and Competitive Landscape

The global potassium sorbate market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective potassium sorbate.

• APAC Chemical Corporation
• Wanlong Chemicals
• Sorbic International PLC
• Celanese Corporation
• Lubonchem
• FBC Industries Inc.
• Parchem
• Jinneng Science & Technology Co. Ltd.
• LexisNexis Risl Solutions
• Tengzhou Aolong Fine Chemical
• Hawkins Watts Limited
• Nantong Acetic Acid
• Nantong Alchemy Biotech
• BKM Resources
• Veckridge Chemical

Potassium Sorbate Latest Industry News

• On 08 May 2023, Hawkins Watts, a frontrunner in providing specialized ingredients for the food, beverage, and supplement industries, extended its operations by incorporating well-developed laboratories and a spacious warehouse. The recently established laboratories feature advanced technical equipment, such as a UV-vis spectrophotometer, a 3-1 combi oven, 2-stage homogenizers, water activity measurement capabilities, an ultra-turrax disperser, and a canning machine, among other cutting-edge tools. In addition to its comprehensive innovation laboratory resources, the new facility encompasses a contemporary warehouse spanning 300m2.

Request Customization Of The Report @https://www.emergenresearch.com/request-for-customization/2830

Potassium Sorbate Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global potassium sorbate market on the basis of type, grade, application, end-use, and region:

• Type Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2032)
o Sorbic Acid
o Potassium Hydroxide

• Grade Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2032)
o Pharmaceutical Grade
o Food Grade
o Technical Grade

• Application Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2032)
o Fungistatic Agent
o Antifoulants
o Buffering Agents
o Antimicrobial Agents
o Food Preservatives
o Others

• End-Use Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2032)
o Food and Beverage
o Pharmaceutical
o Personal Care Products
o Industrial Usage
o Others

• Regional Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

To get leading market solutions, visit the link below: @ https://www.emergenresearch.com/industry-report/potassium-sorbate-market

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.