Sorbic Acid Market size, share & Forecast
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 ...