Potassium Sorbate Market Key Participants, Worldwide Trends, and Revenue Analysis Report, 2023

The global potassium sorbate market is subject to witness a substantial growth over next seven years.

Growth contributing factor of the market include:

• The increasing consummation of processed food products
• Capability to enhance the shelf life of the food product
• Use of potassium sorbate as a chemical for industrial purpose
• Changing lifestyle, shifting trend towards processed food products
• Rising per capita income
• Protecting the food from decomposition
• Higher approval rate from both regional & international authorities

However, for some people, the consummation of potassium sorbate leads to an allergic reaction, thus restraining market growth to a certain extent. In addition, allergies to potassium sorbate are more visible with cosmetics and personal products. Some of these allergies include skin or scalp irritation.

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The market is broadly categorized into four major segments based on the application type such as

• Food & beverages industry
• Pharmaceutical sector
• Personal care products and
• Rubber & Resin
• Industrial sector

The food & beverages industry is considered as one of the fastest-growing segment in the with substantial revenue generation in the last few years. The personal care segment has also witnessed substantial growth owing to the extensive use of potassium sorbate for production of shampoo, lotion, and cream.

The market is divided by region as:

• North America
• Europe
• Asia-Pacific
• Latin America
• Africa

North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in chemical manufacturing sector, increase in the number of research & development activities in the region and existence of well-established manufacturing infrastructure.

The key players in the potassium sorbate market are:

• APAC Chemical Co.
• FBC Industries, Inc.
• Parchem fine & specialty chemicals Co.
• Wanglong Chemicals Co.
• Sorbic International plc
• Jinneng Science and Technology Company Ltd.
• ICIS Co.,
• Tenengzhou Aolong chemical Co., Ltd.
• Lubon Industry Co., Ltd.

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