Potassium Sorbate Market Size, Opportunities, Trends, Growth Factors, Revenue Analysis, For 2020–2027
A global research report called Potassium Sorbate market was recently published by Reports and Data. to provide guidance for the business. The new research study on the Potassium Sorbate market sheds light on the current scope as well as on the upcoming opportunities in the future. To understand the structure of global trading, the report also gives statistical data on local consumption and global consumption. The report also focuses on global major leading industry players of the Potassium Sorbate market providing information such as company profiles, product picture, and specification, price, capacity, cost, production, revenue, and contact information.
The Global Potassium Sorbate Market is forecast to reach USD 373.3 Million by 2027, according to a new report by Reports and Data. Potassium Sorbate or (K-Sorbate) is an odorless partly hygroscopic crystalline common potassium salt of sorbic acid, which is manufactured by complete neutralization of sorbic acid with a high purity potassium carbonate or potassium bicarbonate and subsequent crystallization. Potassium sorbate is approved by the European Union (EU) and European Free Trade Association (EFTA) as a safe food additive with a distinctive E-Number of E202. The global market is growing at a substantial pace due to the growing demand for potassium sorbates in food preserving applications as a fungistatic agent. Continuous expansion of the food & beverage industries has directly influenced the growth of potassium sorbate as this chemical is utilized in food-grade applications such as fruits & vegetables, pickles, fruit juices, dairy products, syrups, jams, sauerkraut, and dried fruits, to name a few and also in pharmaceutical & alcoholic beverages.
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Market Overview:
The chemicals and materials industry produces a massive variety of products consumed by people across the world on a daily basis. While several products, namely detergents, perfumes, soaps, and others are bought directly by the consumers, the others are used as ingredients to make numerous products. For instance, in Europe, nearly 70% of the chemicals that are manufactured are used to make other products. The industry uses a wide range of raw materials ranging from oil, minerals, air, and others. With growing competition among industry players, innovation remains vital in discovering new paths to meet the needs of sophisticated, demanding, and environmentally conscious consumers.
The competitiveness within the chemical industry and among the chemicals, the chemical industry spends large amounts on research, particularly in the highly industrialized countries, which will foster market size in the coming years.
Top companies operating in the market and profiled in the report include:
APAC Chemical Corporation, Sorbic International PLC, Celanese Corporation, Wanglong Chemicals, Parchem, Jinneng Science & Technology Co. Ltd., FBC Industries Inc., Independent Chemical Information Service, Lubon Industry Co. Ltd., and Tengzhou Aolong Fine Chemical Co. Ltd., among others.
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Reasons for Buying this Report:
- The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
- The study provides pinpoint analysis for changing competitive dynamics.
- The report helps readers in understanding the product segments and their future growth.
- Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
- It helps make informed business decisions by having complete insights into the market and in-depth analysis of market segments.
- PEST analysis of the market in the five major regions.
Distribution Channel Outlook
- Online Retailing
- Offline Retailing
Application Outlook
- Fungistatic Agent
- Antifoulants
- Buffering Agent
- Other Applications
End-Use Verticals Outlook
- Food & Beverage Items
- Pharmaceutical Industry
- Personal Care Products
- Others
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Regional Analysis covers:
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
U.K.
Rest of EU
Asia Pacific
India
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
U.A.E
Rest of MEA
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