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.
Application of sorbic acid include tobacco,
latex, animal feed, paper and pesticides manufacturing. Rising demand for
sorbic acid from wine industry due to its ability to negate the foul smell of
ether in the alcohol is anticipated to boost the growth of sorbic acid over the
next seven years. Globally, the market is predicted to grow at CAGR of 5.1% in
the forecast period, providing numerous opportunities for market players to
invest for research and development in the sorbic acid market.
Sorbic acid, also referred as 2,
4-hexadienoic acid, is naturally occurring organic compound that is extensively
used as food preservative. Sorbic acid is commonly identified as an unsaturated
fatty acid that exhibits inhibitory effects against molds, yeasts, and
bacteria. Sorbic acid prevents growth of food borne pathogens. These factors
are expected to stimulate market demand for sorbic acid from food &
beverages industry.
Get Sample Copy of this Report @
Higher approval rate for regular use
of sorbic acid from regional and international authorities such as The U.S.
Food and Drug Administration is projected to positively impact market expansion
in the upcoming years. Recent studies showcases sorbic acid is safe for regular
use and not linked to cancer or other major health problems. However, allergic
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
sector, industrial chemicals industry and pharmaceuticals. The food &
beverage sector is considered as one of the fastest growing segment in the
sorbic acid market with substantial revenue generation in the last few years.
Growing popularity of sorbic acid in the food & beverage segment is
attributed to the enhance shelf life of the product and changing food habits.
The pharmaceutical segment has also witnessed substantial growth owing to the
unique properties associated with sorbic acid.
The market is divided by region as
North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation
of latest technologies in food & beverages industry, changing lifestyle,
increase in the number of research & development activities in the region
and existence of well-established industrial infrastructure.
Asia-Pacific region is predicted to
hold major market share in the sorbic acid market with massive growth in
forecast period. Countries such as India, China and Japan are leading the
Asia-Pacific market with strong economic growth, changing food habits,
increasing demand for packaged food products, rising per capita income, and significant
investment by leading industry players considering potential growth
opportunities in the region.
The key players in the sorbic acid
market are Eastman Co., Solvay S.A., Celanese Co., Pt Halim Sakti Pratama Ltd.,
Qingdao Kaison Chemicals Co., Ltd., Suzhou-Chem, Inc., Avatar Co., KIC
Chemicals, Inc., Prinova USA Co., Continental Chemical USA Ltd., Rose Foodstuff
Chemistry Co., Ltd., Seidler Chemical Co., Inc., and Wego Chemical &
Mineral Co.
Browse Related Category Market
Reports @
No comments:
Post a Comment