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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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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<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
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