Potassium Sorbate Market: Industry Analysis and Forecast (2023-2029)

Potassium Sorbate Market size was valued at US$ 178.52 Mn. in 2022 and the total revenue is expected to grow at 4.89% through 2023 to 2029, reaching nearly US$ 249.36 Mn.

Potassium Sorbate Market Overview:

The Potassium Sorbate Market was valued at USD 178.52 million in 2022, and is expected to grow at a CAGR of 4.89 % to USD 249.36 million by 2029. The Potassium Sorbate Market is studied by segments like End-Use (Food & Beverages, Pharmaceutical Products, Personal Care, and Industrial Usage), Type (Granule, Powder and liquid form) and Region (North America, Europe, Asia-Pacific, and Rest of the World). The report consists of the Trend, Forecast, Competitive Analysis, and Growth Opportunities of the market. Potassium sorbate, a chemical additive is widely used in foods, beverages, and personal care products. It's a flavorless, flat salt made artificially from sorbic acid and potassium hydroxide. By inhibiting the growth of mold, yeast, & fungi, potassium sorbate extends the shelf life of foods. Initially, potassium sorbate was deemed harmless, making it necessary for personal consumption, but long-term ingestion can result in a variety of health issues. The Potassium Sorbate Market is expected to grow during the forecast period, due to product improvements and the effect of social media, e-commerce channels, and other factors. For the forecast period of 2023 to 2029, the report provides a complete analysis that reflects today's Potassium Sorbate Market realities and future market prospects. To provide a comprehensive perspective of the market, the research segments and analyses it in great detail. The key data and observations offered in the study can help market participants and investors identify low-hanging fruit in the market and build growth strategies.Potassium Sorbate MarketTo know about the Research Methodology :- Request Free Sample Report

Covid-19 Impact Market:

Many out-of-home possibilities have been eliminated as a result of the introduction of social distancing laws and city (or country)-wide lockdowns. In addition, many consumers believe having home-prepared food is safer, resulting in the shift of millions of eating occasions at home and the increase of food through the retail channel. The consumer response in APAC, as the first region to be hit by the COVID-19 outbreak, is instructive: more e-commerce shopping for groceries, increased use of smaller, local stores, increased buying of food with immunity-boosting claims, and the use of delivery for foodservice options.

Potassium Sorbate Market Dynamics:

Demand for items with a long shelf life is increasing. Increased demand for processed food & feed industry potassium sorbate enhance the shelf-life of the goods by limiting the development of molds, yeasts, and fungi in the food, as well as a shift in consumers from processed food that contains artificial & synthetic ingredients such as flavors, colorants, & preservatives to organic and natural food products owing to its health benefits. Consumption of packaged and processed foods has increased as a result of rising disposable incomes and a growing population. As a result, the market for potassium sorbate as a regulator or preservative in these products is increasing. Consumers' growing awareness of personal cleanliness and grooming is also driving the market demand for potassium sorbate in personal care products. Also, the rise of end-use sectors such as cosmetics and pharmaceuticals is giving chances for the potassium sorbate market to grow. However, the toxicity concerns connected with potassium sorbate could limit its market growth. The market's biggest difficulty is that as demand for processed foods rises, so does consumption. Excess potassium sorbate ingestion, on the other hand, can cause health problems like skin irritation. It has an effect on our DNA as well as various other effects that may be harmful to our bodies. For several regions in Europe and North America, strict norms and regulations surrounding processing & preservation before the distribution and sale are a key issue. Potassium sorbate consumption on a regular basis can lead to a variety of health issues in the long run. The genetic aptitude of potassium sorbates to inhibit mold growth in dairy products. This chemical is commonly used by manufacturers of milk-derived products such as yogurt and cheese to lengthen their shelf life. The usage of potassium sorbate in food products has been the subject of various debates. It has an effect on our DNA as well as various other effects that may be harmful to our bodies.

Potassium Sorbate Market Segment Analysis:

Based on End-User, the Potassium Sorbate Market is classified into Food & Beverages, Pharmaceutical Products, Personal Care, Industrial Usage. In terms of revenue, the food & beverage segment held the largest share of the market and is expected to increase at a CAGR of 3.67 %. The increase in demand for processed foods is encouraging market players to produce products with longer shelf lives because it is utilized as a preservative in a variety of processed foods. Potassium Sorbate is getting popular in a variety of baked & processed food products, as the consumption of baked goods, processed fruits and vegetables, & fast-food products is expected to rise further throughout the forecast period of 2023-2029. Furthermore, potassium sorbate is gaining popularity in the wine sector, where it is used in the fermentation process, as well as in the beverage industry, where it is used as a stabilizer to prevent secondary fermentation & reinfection. Based on type, the Potassium Sorbate Market is classified into granules, powder and liquid form. The granules section has the biggest market share among these segments. Food & drinks, pharmaceutical items, personal care, and industrial applications are the market segments based on application. The bread, dairy goods, canned foods, carbonated beverages, non-carbonated beverages, and powdered mixes segments are further divided. The food processing industry is the largest consumer of potassium sorbate, followed by the pharmaceutical and cosmetic industries.

Regional Insights:

North America held a 38 % share of the potassium sorbate market. Potassium Sorbate's use has increased dramatically in recent years as customers transition away from processed foods containing artificial & synthetic substances like flavors, colorants, & preservatives and toward natural & organic food items, due to its health benefits. Sorbates have been permitted for use in dairy foods, bakery items, fruit & vegetable products, sugar, fat emulsion products, and confectionery products, and some meat and fish products by the US Food and Drug Administration (FDA). However, sorbates influence the flavor of finished products at higher concentrations, which has an impact on market growth. Furthermore, skin irritation is a possible side effect. As a result, regulatory organizations set a maximum permitted limit (200 ppm) for its use in food & beverages. In some parts of the world, such as North America and Europe, where food safety regulations are severe and stringent, the use of potassium sorbate may decline. Since excessive use of this chemical is expected to cause health issues, the market's usual growth trajectory may have to navigate some choppy waters in the coming years to serve the Potassium Sorbate Market in the projected period of 2023-2029. Objective: To understand the Potassium Sorbate industry and study the market trends. Focusing on the regional market and other segmentations, knowing the drivers and challenges of the same. Understanding the market segment geographically to gauge the growth potential. The report includes analytical models like the Porter’s Five Forces, which helps in understanding the operating environment of the competition in the Potassium Sorbate Market and thereby study the stakeholders to derive an efficient strategy; and PESTLE Analysis to gain a macro perspective of the Potassium Sorbate Industry in terms of political aspects like Government stability, policies, trade regulation and economic aspects like market trends, taxes and inflation. It also provides the effect of environmental factors and influence of social and legal aspects on the Potassium Sorbate Market.

Potassium Sorbate Market Scope: Inquire before buying

Potassium Sorbate Market
Base Year 2022 Forecast Period 2023-2029
Historical Data CAGR Market Size in 2022 Market Size in 2029
2018 to 2022 4.89% US$ 178.52  Mn US$ 249.36 Mn
Segments Covered
by End-User Food & Beverages Pharmaceutical Products Personal Care Industrial Usage by Type Granules Powder Liquid
Regions Covered
North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America

Potassium Sorbate Market Key Players

1. Eversprings Industries Inc (US) 2. Fine Pharma Chem (India) 3. Regal Industry Co.,Ltd. (China) 4. Huaxin Chemical Co. Ltd. (China) 5. Jiangbei Additive Co.,Ltd (China) 6. Vigon International (USA) 7. CJ Chemicals (USA) 8. Twin Specialties (USA) 9. The Chemical Co. (USA) 10. ChemCeed (USA) 11. Wego (USA) 12. AIE Pharmaceuticals (USA) 13. Celanese (USA) 14. Dastech International Inc (USA) 15. Asiamerica Group, Inc. (USA) Frequently Asked Questions: 1. Which region has the largest share in Global Potassium Sorbate Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Potassium Sorbate Market? Ans: The Global Potassium Sorbate Market is growing at a CAGR of 4.89% during forecasting period 2023-2029. 3. What is scope of the Global Potassium Sorbate Market report? Ans: Global Potassium Sorbate Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Potassium Sorbate Market? Ans: The important key players in the Global Potassium Sorbate Market are – Eversprings Industries Inc (US), Fine Pharma Chem (India), Regal Industry Co.,Ltd. (China), Huaxin Chemical Co. Ltd. (China), Jiangbei Additive Co.,Ltd (China), Vigon International (USA), CJ Chemicals (USA), Twin Specialties (USA), The Chemical Co. (USA), ChemCeed (USA), Wego (USA), AIE Pharmaceuticals (USA), Celanese (USA), Dastech International Inc (USA), Asiamerica Group, and Inc. (USA) 5. What is the study period of this Market? Ans: The Global Potassium Sorbate Market is studied from 2022 to 2029.
1. Potassium Sorbate Market : Research Methodology 2. Potassium Sorbate Market : Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Potassium Sorbate Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Potassium Sorbate Market : Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Potassium Sorbate Market Segmentation 4.1. Potassium Sorbate Market ,by End-User (2022-2029) • Food & Beverages • Pharmaceutical Products • Personal Care • Industrial Usage 4.2. Potassium Sorbate Market , by Type (2022-2029) • Granules • Powder • Liquid 5. North America Potassium Sorbate Market (2022-2029) 5.1. North America Potassium Sorbate Market , by End-User (2022-2029) • Food & Beverages • Pharmaceutical Products • Personal Care • Industrial Usage 5.2. North America Potassium Sorbate Market , by Type (2022-2029) • Granules • Powder • Liquid 5.3. North America Potassium Sorbate Market , by Country (2022-2029) • US • Canada • Mexico 6. European Potassium Sorbate Market (2022-2029) 6.1. European Potassium Sorbate Market , by End-User (2022-2029) 6.2. European Potassium Sorbate Market , by Type (2022-2029) 6.3. European Potassium Sorbate Market , by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Potassium Sorbate Market (2022-2029) 7.1. Asia Pacific Potassium Sorbate Market , by End-User (2022-2029) 7.2. Asia Pacific Potassium Sorbate Market , by Type (2022-2029) 7.3. Asia Pacific Potassium Sorbate Market , by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Potassium Sorbate Market (2022-2029) 8.1. Middle East and Africa Potassium Sorbate Market , by End-User (2022-2029) 8.2. Middle East and Africa Potassium Sorbate Market , by Type (2022-2029) 8.3. Middle East and Africa Potassium Sorbate Market , by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Potassium Sorbate Market (2022-2029) 9.1. South America Potassium Sorbate Market , by End-User (2022-2029) 9.2. South America Potassium Sorbate Market , by Type (2022-2029) 9.3. South America Potassium Sorbate Market , by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Eversprings Industries Inc (US) 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.2. Fine Pharma Chem (India) 10.3. Regal Industry Co.,Ltd. (China) 10.4. Huaxin Chemical Co. Ltd. (China) 10.5. Jiangbei Additive Co.,Ltd (China) 10.6. Vigon International (USA) 10.7. CJ Chemicals (USA) 10.8. Twin Specialties (USA) 10.9. The Chemical Co. (USA) 10.10. ChemCeed (USA) 10.11. Wego (USA) 10.12. AIE Pharmaceuticals (USA) 10.13. Celanese (USA) 10.14. Dastech International Inc (USA) 10.15. Asiamerica Group, Inc. (USA)
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