Preserving Freshness: Navigating Trends In The Sorbic Acid Market

By Author: Pramod Kumar
Total Articles: 97
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As per a statement by P&S Intelligence, the sorbic acid market is projected to reach USD 521,126.7 thousand, advancing at a CAGR of 4.7%, by 2030.

The growth is mainly credited to the existence of reputable pharmaceutical and food & beverages industries in Western countries, along with the increasing per capita consumption of food & beverages in Brazil, India, and China.

Sorbic Acid Market Report@ https://www.psmarketresearch.com/market-analysis/sorbic-acid-market

Sorbic acid prevents food from spoilage or contamination, which is why government support for the sorbic acid industry is offering an advantageous growth opportunity to industry players.

Based on form, the powdered category held the larger sorbic acid industry size, in recent years. This is due to the easier manufacturing method of the powdered compound when compared to the encapsulated form, as a result of this companies in the industry favor manufacturing sorbic acid in the powdered form.

Moreover, powdered sorbic acid can be added to any type of processed beverage or food, which is why it is adopted widely in the ...
... food & beverages industry.

Based on application, the food & beverage category is expected to witness the fastest growth in the industry by the end of this decade. This is because sorbic acid is widely adopted in the food & beverages industry as it has low toxicity and can prevent bacteria and yeast growth.

Additionally, conflicting opinions on the adoption of other food preservatives are boosting the demand for substitutes including sorbic acid. Due to this, this chemical is broadly adopted in the production of dairy, noodles, meat products, and seafood.

In the past few years, APAC accounted for the largest sorbic acid market share, and it will also be the fastest-growing industry in the years to come. The strong growth in the pharmaceutical industry in India and China and the enormous food & beverages industry in Australia, South Korea, and Japan, are playing an important role in boosting the sorbic acid demand in the region.

Moreover, the increasing disposable income of regional populations is resulting in the rising consumption of processed food products, thus boosting the adoption of sorbic acid as a preservative.

The shifting of the production base of sorbic acid manufacturers from Western nations to China key trend being observed in the industry. The emphasis on chemical companies is shifting to China due to industry opportunities and robust economic growth.

Hence, with the shift in global food consumption patterns, speedy growth in the pharmaceutical sector in APAC, and the existence of reputable pharmaceutical and food & beverages industries in Western countries, the growth of the sorbic acid industry will grow continuously in the years to come.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.