Sorbic Acid Market Key Vendors, Share and Distributor Analysis till 2023
The global Sorbic Acid Market is expected to generate higher growth revenue over the next seven years. The market is subject to witness a substantial growth due to the anti-fungal and anti-decomposition properties associated with sorbic acid. Increasing adoption of sorbic acid in medicines, grains, toothpaste and cosmetics products due to its anti-fungal properties is expected to drive market demand over the forecast period.
The global Sorbic Acid Market is expected to generate higher growth revenue over the next seven years. The market is subject to witness a substantial growth due to the anti-fungal and anti-decomposition properties associated with sorbic acid. Increasing adoption of sorbic acid in medicines, grains, toothpaste and cosmetics products due to its anti-fungal properties is expected to drive market demand over the forecast period.
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<strong>Sorbic</strong> <strong>Acid</strong> <strong>Market</strong> <strong>Key</strong> <strong>Vendors</strong>, <strong>Share</strong><br />
<strong>and</strong> <strong>Distributor</strong> <strong>Analysis</strong> <strong>till</strong> <strong>2023</strong><br />
“Increasing adoption of sorbic acid in medicines, grains,<br />
toothpaste <strong>and</strong> cosmetics products due to its anti-fungal<br />
properties is expected to drive market dem<strong>and</strong> over the<br />
forecast period.”<br />
The global <strong>Sorbic</strong> <strong>Acid</strong> <strong>Market</strong> is expected to generate higher growth revenue over the next seven years. The market<br />
is subject to witness a substantial growth due to the anti-fungal <strong>and</strong> anti-decomposition properties associated with sorbic<br />
acid. Increasing adoption of sorbic acid in medicines, grains, toothpaste <strong>and</strong> cosmetics products due to its anti-fungal<br />
properties is expected to drive market dem<strong>and</strong> over the forecast period.<br />
Application of sorbic acid include tobacco, latex, animal feed, paper <strong>and</strong> pesticides manufacturing. Rising dem<strong>and</strong> for<br />
sorbic acid from wine industry due to its ability to negate the foul smell of ether in the alcohol is anticipated to boost the<br />
growth of sorbic acid over the next seven years. Globally, the market is predicted to grow at CAGR of 5.1% in the<br />
forecast period, providing numerous opportunities for market players to invest for research <strong>and</strong> development in the<br />
sorbic acid market.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/sorbic-acid-market<br />
<strong>Sorbic</strong> acid, also referred as 2, 4-hexadienoic acid, is naturally occurring organic compound that is extensively used as<br />
food preservative. <strong>Sorbic</strong> acid is commonly identified as an unsaturated fatty acid that exhibits inhibitory effects against<br />
molds, yeasts, <strong>and</strong> bacteria. <strong>Sorbic</strong> acid prevents growth of food borne pathogens. These factors are expected to stimulate<br />
market dem<strong>and</strong> for sorbic acid from food & beverages industry.<br />
Higher approval rate for regular use of sorbic acid from regional <strong>and</strong> international authorities such as The U.S. Food<br />
<strong>and</strong> Drug Administration is projected to positively impact market expansion in the upcoming years. Recent studies<br />
showcases sorbic acid is safe for regular use <strong>and</strong> not linked to cancer or other major health problems. However, allergic<br />
reaction among consumers to sorbic acid is expected to limit market growth to a certain extent.
The market is broadly categorized into three major segments based on the application type such as food & beverage<br />
sector, industrial chemicals industry <strong>and</strong> pharmaceuticals. The food & beverage sector is considered as one of the fastest<br />
growing segment in the sorbic acid market with substantial revenue generation in the last few years. Growing popularity<br />
of sorbic acid in the food & beverage segment is attributed to the enhance shelf life of the product <strong>and</strong> changing food<br />
habits. The pharmaceutical segment has also witnessed substantial growth owing to the unique properties associated<br />
with sorbic acid.<br />
The market is divided by region as North America, Europe, Asia-Pacific, Latin America <strong>and</strong> Africa. North America has<br />
shown major growth in recent years owing to the rise in the implementation of latest technologies in food & beverages<br />
industry, changing lifestyle, increase in the number of research & development activities in the region <strong>and</strong> existence of<br />
well-established industrial infrastructure.<br />
Asia-Pacific region is predicted to hold major market share in the sorbic acid market with massive growth in forecast<br />
period. Countries such as India, China <strong>and</strong> Japan are leading the Asia-Pacific market with strong economic growth,<br />
changing food habits, increasing dem<strong>and</strong> for packaged food products, rising per capita income, <strong>and</strong> significant<br />
investment by leading industry players considering potential growth opportunities in the region.<br />
The key players in the sorbic acid market are Eastman Co., Solvay S.A., Celanese Co., Pt Halim Sakti Pratama Ltd.,<br />
Qingdao Kaison Chemicals Co., Ltd., Suzhou-Chem, Inc., Avatar Co., KIC Chemicals, Inc., Prinova USA Co.,<br />
Continental Chemical USA Ltd., Rose Foodstuff Chemistry Co., Ltd., Seidler Chemical Co., Inc., <strong>and</strong> Wego Chemical<br />
& Mineral Co.<br />
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https://www.millioninsights.com/industry-reports/sorbic-acid-market/request-sample<br />
<strong>Market</strong> Segment:<br />
<strong>Key</strong> Applications<br />
• Food & Beverage<br />
• Pharmaceuticals<br />
• Cosmetics<br />
• Industrial<br />
<strong>Key</strong> Regions<br />
• North America<br />
• Europe<br />
• Asia Pacific
• Middle East <strong>and</strong> Africa<br />
• South America<br />
See More Reports of This Category by Million Insights @<br />
https://www.millioninsights.com/industry/chemicals<br />
<strong>Key</strong> <strong>Vendors</strong><br />
• Bossen<br />
• Celanese<br />
• Daicel<br />
• Jiangbei Additive<br />
• Jinneng<br />
• Kunda<br />
• Nantong Acetic <strong>Acid</strong> Chemical<br />
• Van Chemical<br />
• Wanglong Group<br />
• request free sample to get a complete list of companies<br />
<strong>Key</strong> Questions Answered in this Report<br />
• What will the market size be in <strong>2023</strong>?<br />
• What are the key factors driving the global sorbic acid/potassium sorbate market?<br />
• What are the challenges to market growth?<br />
• Who are the key players in the sorbic acid/potassium sorbate market?<br />
• What are the market opportunities <strong>and</strong> threats faced by the key players?
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