Sorbic acid, also known as 2,4-hexadecenoic acid, is a naturally occurring organic compound that is primarily used as a food preservative. Sorbic acid is an unsaturated fatty acid, and it exhibits inhibitory outcomes against yeast, mold, and bacteria involving most food-borne pathogens. Sorbic acid is used in several kinds of foods owing to its anti-decomposition and anti-fungus properties. It is also used in toothpaste, medicines, cosmetics, animal feed, tobacco, latex and paper manufacturing, and pesticides.
MARKET DYNAMICS
The sorbic acid market has witnessed a significant growth owing to factors such as growth in usage of protein drinks in the sports sector, increase in demand for ready-to-eat food products, and rise in awareness about quality of preservatives used in food products. Moreover, rise in usage of packaged and convenience food products owing to changes in lifestyle is expected to fuel the demand for sorbic acid in the food & beverages industry. However, stringent government regulations pertaining to the use of synthetic preservatives is also expected to hamper the growth of the global sorbic acid market.
MARKET SCOPE
The ?Global Sorbic Acid Market Analysis to 2028? is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sorbic acid market with detailed market segmentation ingredient, application, and geography. The global sorbic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sorbic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sorbic acid market is segmented on the basis of ingredient and application. On the basis of ingredient, the global sorbic acid market is divided into activated carbon, polyhydroxyalkanoate (pha), microcrystalline cellulose (mcc), methylcellulose, carboxymethyl cellulose (cmc), ethylcellulose and others. On the basis of application, the global sorbic acid market is divided into food & beverages, industrial chemicals, personal care & cosmetics, pharmaceuticals and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sorbic acid market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sorbic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sorbic acid market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sorbic acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the sorbic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from sorbic acid market is anticipated to lucrative growth opportunities in the future with the rising demand for sorbic acid in the global market. Below mentioned is the list of few companies engaged in the sorbic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the sorbic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Avatar Corporation
- Celanese Corporation
- Continental Chemical USA
- Eastman Chemical Company
- KIC Chemicals, Inc.
- Prinova USA
- PT Halim Sakti Pratama
- Rose Foodstuff Chemistry Co. Ltd
- Solvay Specialty Polymers
- Suzhou-Chem, Inc.
The Insight Partner dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.