The global sorbic acid market generated a revenue of $347,661.0 thousand in 2019, and it is predicted to advance at a CAGR of 4.7% between 2020 and 2030. The market is also expected to reach a value of $521,126.7 thousand by 2030. This will be due to the surging per capita food and beverages consumption in the developing countries such as China, Brazil, and India and the booming pharmaceutical and food & beverages industries in the Western countries.
Sorbic acid is heavily used as a food preservative, due to its ability to inhibit the growth of mold that may spoil and contaminate the food. In addition to this, sorbic acid is extensively used for preparing baked products, cheeses, wines, refrigerated meats, and fresh produce, as it doesn’t affect the flavor of the final product. Therefore, it is safe to say that the growing consumption of food products across the world is fueling the demand for sorbic acid.
Geographically, the Asia-Pacific (APAC) sorbic acid market will demonstrate lucrative growth in the upcoming years, as per the estimates of the market research company, P&S Intelligence. This will be due to the rising urbanization rate and the surging sales of frozen foods, packaged products, desserts, and baked foods, because of the increasing disposable income of people, in this region. Additionally, the rising popularity of ready-to-eat food items in the regional countries is also propelling the market advancement in the region.
Hence, it is clear that due to the growing popularity of ready-to-eat and frozen foods, the burgeoning requirement for food preservation, and the surge in the pharmaceutical industry, the market will grow sharply all over the world in the coming years.
COVID-19 Impact Analysis on Sorbic Acid Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Sorbic Acid Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/sorbic-acid-market/download-sampleMarket DynamicsThe market is predominantly driven by rising interest in organic and natural acid across various industrial domains in the upcoming years.
The growing use of protein drinks in the sports sector and awareness regarding quality preservatives contribute to the growth of the sorbic acid market.
Further, rising demand from other industrial domains, including cosmetics & personal care, pharmaceutical, animal feed, and chemical, are projected to provide lucrative opportunities.
However, toxicity issues related to sorbic acid restrains the growth of the market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
Sorbic Acid (CAS 110-44-1) market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Sorbic Acid (CAS 110-44-1) market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Sorbic Acid (CAS 110-44-1) market is segmented into:Activated CarbonPolyhydroxyalkanoate (PHA)Microcrystaline Cellulose (MCC)MethylcelluloseCarboxymethyl Cellulose (CMC)EthylcelluloseOthersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/58243/global-china-sorbic-acid-2026-230Segment by Application, the Sorbic Acid (CAS 110-44-1) market is segmented into:Food & BeverageIndustrial ChemicalsPharmaceuticalsOthersRegional and Country-level Analysis:The Sorbic Acid (CAS 110-44-1) market is analysed and market size information is provided by regions (countries).The key regions covered in the Sorbic Acid (CAS 110-44-1) market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Sorbic Acid (CAS 110-44-1) Market Share Analysis:Sorbic Acid (CAS 110-44-1) market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
