Introduction of the Global Sorbic Acid Market Report

Sorbic acid is a naturally occurring compound that is one of the most commonly used food preservatives. It is used as a food preservative and is a colorless solid that has more soluble properties comparatively to water. It is often found in cheeses, wines, fresh produce, baked goods, and refrigerated meat products. The global sorbic acid market has applications such as in industrial chemicals, pharmaceuticals, food & beverages, and other sectors.

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Market Dynamic

Key Drivers and Emerging Trends

The global sorbic acid market is mainly driven by the increasing usage of this type of acid in the food & beverage sector. The major players in the food & beverages and pharmaceutical sector in the European countries are using sorbic acid in a wide range of products. In addition to this, the rising adoption of sorbic acid as a food preservative is further surging the market growth. Sorbic acid is present in food and beverage products such as wine, fish, meat, cheese, pastries, and other food items. It is gaining traction as a preservative in different food applications due to the ideal antimicrobial activity and the ability to stop the growth of bacteria, molds, and yeast. Thus, this is propelling the growth of the sorbic acid market size over the coming years. The increasing interest in organic and natural acids is further driving the market growth. It is increasingly used in industry domains such as pharmaceuticals, cosmetics & personal care, animal feed, chemical, and others which is further surging the market growth.

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Application – Segment Analysis

Based on the application, the food & beverage segment is anticipated to grow at a higher CAGR during the forecast period. This is mainly due to the growing awareness related to the benefits provided by sorbic acid in this sector, such as low levels of toxicity, hinders the growth of bacteria and yeast, among others. The sorbic acid is soluble in water and can form salts with calcium, sodium, and potassium.

Type – Segment Analysis

Based on the type, the Microcrystaline Cellulose (MCC) is projected to grow at a higher CAGR during the forecast period. The increasing application of MCC in the pharmaceutical sector, is one of the major factors that is contributing to the market growth. It offers features such as tablet disintegrant, strong dry binder, absorbent, lubricant, and anti-adherent.

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Regional – Segment Analysis:

On the basis of regional coverage, Asia-pacific is expected to grow at a higher CAGR during the forecast period. The growth in the food & beverages and pharmaceutical sectors, especially in South Korea, India, Australia, and other countries, is a key driver that is surging the regional market growth. In addition to this, the increasing demand for convenience food products due to the changing lifestyle is further surging the demand of the market during the forecast period. As per the India Brand Equity Foundation (IBEF), the domestic pharmaceutical market touched USD 20.03 billion in 2019, which was USD 18.12 billion in 2018. Furthermore, the Indian government announced to spend USD 1.3 billion fund to encourage companies to produce pharmaceutical ingredients in the country.

Top Market Players

Some of the leading players operating in the market, include Eastman Chemical Company, Celanese Corporation, Nantong Acetic Acid Chemical Co., Ltd., Wanglong Tech Co., Ltd., JIANGBEI ADDITIVE CO., LTD., Shandong Hongda Group, Daicel Nanning Food Ingredients Co., Ltd., Watson Inc., Advance Inorganics, and QINGDAO KAISON CHEMICALS CO. LTD., among others.

Segments covered in the Report:

The global sorbic acid market has been segmented on the basis of type, application, and regions. Based on type, the market is segmented into Activated Carbon, Polyhydroxyalkanoate (PHA), Microcrystaline Cellulose (MCC), Methylcellulose, Carboxymethyl Cellulose (CMC), Ethylcellulose, and Others). Based on Application, the market is segmented into Food & Beverage, Industrial Chemicals, Pharmaceuticals, and Others. 

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Key questions answered in this research report:

• • At what pace is the global sorbic acid market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global sorbic acid market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global sorbic acid market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various application areas of global sorbic acid market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Eastman Chemical Company, Celanese Corporation, Nantong Acetic Acid Chemical Co., Ltd., Wanglong Tech Co., Ltd., JIANGBEI ADDITIVE CO., LTD., Shandong Hongda Group, Daicel Nanning Food Ingredients Co., Ltd., Watson Inc., Advance Inorganics, and QINGDAO KAISON CHEMICALS CO. LTD., among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Sorbic Acid Market by Type

• • Activated Carbon
  • Polyhydroxyalkanoate (PHA)
  • Microcrystaline Cellulose (MCC)
  • Methylcellulose
  • Carboxymethyl Cellulose (CMC)
  • Ethylcellulose
  • Others

Global Sorbic Acid Market by Application

• • Food & Beverage
  • Industrial Chemicals
  • Pharmaceuticals
  • Others

Global Sorbic Acid Market by Region

• • North America Sorbic Acid Market (Option 1: As a part of the free 25% customization)
    • North America Sorbic Acid Market by Type
    • North America Sorbic Acid Market by Application
    • US Sorbic Acid Market All-Up
    • Canada Sorbic Acid Market All-Up
  • Europe Sorbic Acid Market (Option 2: As a part of the free 25% customization)
    • Europe Sorbic Acid Market by Type
    • Europe Sorbic Acid Market by Application
    • UK Sorbic Acid Market All-Up
    • Germany Sorbic Acid Market All-Up
    • France Sorbic Acid Market All-Up
    • Spain Sorbic Acid Market All-Up
    • Rest of Europe Sorbic Acid Market All-Up
  • Asia-Pacific Sorbic Acid Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Sorbic Acid Market by Type
    • Asia-Pacific Sorbic Acid Market by Application
    • China Sorbic Acid Market All-Up
    • India Sorbic Acid Market All-Up
    • Japan Sorbic Acid Market All-Up
    • Rest of APAC Sorbic Acid Market All-Up
  • RoW Sorbic Acid Market (Option 4: As a part of the free 25% customization)
    • RoW Sorbic Acid Market by Type
    • RoW Sorbic Acid Market by Application
    • Brazil Sorbic Acid Market All-Up
    • South Africa Sorbic Acid Market All-Up
    • Saudi Arabia Sorbic Acid Market All-Up
    • UAE Sorbic Acid Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Sorbic Acid Market All-Up

Major Players Operating in the Global Sorbic Acid (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Eastman Chemical Company
  • Celanese Corporation
  • Nantong Acetic Acid Chemical Co., Ltd.
  • Wanglong Tech Co., Ltd.
  • JIANGBEI ADDITIVE CO., LTD.
  • Shandong Hongda Group
  • Daicel Nanning Food Ingredients Co., Ltd.
  • Watson Inc.
  • Advance Inorganics
  • QINGDAO KAISON CHEMICALS CO. LTD.