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.
Key Applications
• Food & Beverage
• Pharmaceuticals
• Cosmetics
• Industrial
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.
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. The pharmaceutical segment has also witnessed substantial growth owing to the unique properties associated with sorbic acid.
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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.
Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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.
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.
Key Vendors
• Bossen
• Celanese
• Daicel
• Jiangbei Additive
• Jinneng
• Kunda
• Nantong Acetic Acid Chemical
• Van Chemical
• Wanglong Group
• Request free sample to get a complete list of companies
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Application of sorbic acid include tobacco, latex, animal feed, paper and pesticides manufacturing.
Key Applications
• Food & Beverage
• Pharmaceuticals
• Cosmetics
• Industrial
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.
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. The pharmaceutical segment has also witnessed substantial growth owing to the unique properties associated with sorbic acid.
Get Sample Copy of this Report @
https://www.millioninsights.com/industry-reports/sorbic-acid-market/request-sample
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.
Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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.
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.
Key Vendors
• Bossen
• Celanese
• Daicel
• Jiangbei Additive
• Jinneng
• Kunda
• Nantong Acetic Acid Chemical
• Van Chemical
• Wanglong Group
• Request free sample to get a complete list of companies
Browse Related Category Market Reports @ https://industriesstudyreport.wordpress.com/blog/
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