What is Sorbic Acid Market Scope?
Sorbic acid is used as a food preservative and is highly effective to control the growth of yeast and molds, manufacturers add it to the types of foods prone to these particular microbes to keep them from rotting on store shelves. Growth in the food and beverage industry and rising demand for synthetic preservatives in emerging countries boosting the demand of sorbic acid in the forecasted period.
The Sorbic Acid market study is being classified by Type (Activated Carbon, Polyhydroxyalkanoate (PHA), Microcrystaline Cellulose (MCC), Methylcellulose, Carboxymethyl Cellulose (CMC) and Ethylcellulose, Others), by Application (Animal Feed, Cosmetics, Drug, Packaging Materials and Other) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Sorbic Acid market throughout the predicted period.
Eastman Chemical Company (United States), Solvay (Belgium), Celanese Corporation (United States), PT Halim Sakti Pratama (Indonesia), Qingdao Kaison Chemicals Co.Ltd. (China), Suzhou-Chem, Inc. (United States), KIC Chemicals, Inc. (United States), Prinova (United States) and Continental Chemicals Limited (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Seidler Chemical (United States) and Wego Chemical & Mineral (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Sorbic Acid market by Type, Application and Region.
On the basis of geography, the market of Sorbic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In Nov 2019, Celanese Corporation and Beijing Oriental Yuhong Waterproof Technology Co., Ltd., announced they have signed a comprehensive strategic cooperation and development agreement. The agreement aims to further expand cooperation in product research and development, expansion into emerging markets, and the advancement of industry, safety and environmental protection practices and sustainability.
Market Drivers
- High adoption of convenient food due to changing lifestyles is driving the sorbic acid market. There are a growing food and beverage industry that is demanding synthetic preservatives in various energy drinks.
Opportunities
- Growth in Food and Beverage Industry in Developing Countries
- Rising Demand for Synthetic Preservatives in Emerging Countries
Restraints
- Issues related to Sorbic Acid such as Toxicity
Challenges
- Stringent Government Regulation on the Use of Sorbic Acid
Key Target Audience
Sorbic Acid Manufacturers, Sorbic Acid Suppliers/ Distributors, End-User Industry and Potential Investors
Customization available in this Study:
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