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Worldwide Analysis on Sorbic Acid Market Strategies and Forecasts, 2015 to 2021
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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).
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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