Sorbic Acid Market size, share & Forecast

 

chemical

The Sorbic Acid Market is estimated to grow at a significant CAGR during the forecast period (2020-2027).

The factors driving growth of the Sorbic Acid Market includes increasing application of sorbic acid in end-use industries such as Pharmaceuticals, Cosmetics & Personal care, and Animal Feed, growing consumption of processed meat products, rising use of sorbic acid to prevent food from contamination or spoilage and improvements in the living standards. Moreover, growing demand for clean-labelled preservatives, rising focus of manufacturers on enhancing the functional characteristics of sorbic acid, increase in the launch of new products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic partnerships, and collaborations between key industry players, rising population growth rates and growing disposable incomes, are further contributing towards the market growth.

However, growth of the Sorbic Acid Market is hindered due to Government regulations regarding the use of synthetic preservatives.

The major players operating in the market are Daicel Nanning Food Ingredients Co., Ltd., Watson Inc., Advance Inorganics, Eastman Chemical Company, Celanese Corporation, Nantong Acetic Acid Chemical Co., Ltd., JIANGBEI ADDITIVE CO., LTD., Shandong Hongda Group, Wanglong Tech Co., Ltd., and QINGDAO KAISON CHEMICALS CO. LTD., among others.

Based on Type, the Microcrystaline Cellulose (MCC) segment is predicted to grow at a significant CAGR during the forecast period

Increasing application of microcrystalline cellulose in pharmaceutical industry owing to its absorbent and anti-adherent features, is pushing growth of the segment.

Based on Application, the Food & Beverage segment is projected to expand at a remarkable CAGR over the forecast period

Sorbic acid restricts the growth of bacteria and yeasts, soluble in water and are used as preservatives in dairy, meat, fish, and vegetables, are propelling growth of the segment.

Based on Region, the Asia-Pacific segment is anticipated to grow at robust CAGR during the forecast period

As per the Sorbic Acid Market Research, growing demand for convenient and ready to eat food products, expansion of the pharmaceutical industry, rapid urbanization, increasing per capita incomes and high population growth rates, are driving sorbic acid market growth in Asia-Pacific region. 

 

Market Segmentation

Segmentation by Type

  • Activated Carbon
  • Polyhydroxyalkanoate (PHA)
  • Microcrystaline Cellulose (MCC)
  • Methylcellulose
  • Carboxymethyl Cellulose (CMC)
  • Ethylcellulose
  • Others

Segmentation by Application

  • Food & Beverage
  • Industrial Chemicals
  • Pharmaceuticals
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

 

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
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