Global Sorbic Acid Market Report and Forecast 2024-2032
Market Report I 2023-12-21 I 212 Pages I EMR Inc.
Global Sorbic Acid Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global sorbic acid market is projected to grow at a CAGR of 4.7% between 2024 and 2032. Aided by the accelerating emphasis on food preservation and the widespread applications of sorbic acid across a myriad of industries, the market is expected to grow significantly by 2032.
Sorbic acid, a naturally occurring compound found in berries of the mountain ash tree, is predominantly utilised as a preservative in food and beverages due to its anti-microbial properties. This organic compound effectively inhibits the growth of yeast, moulds, and bacteria, extending the shelf life of various perishable products. Beyond its preservation capabilities, sorbic acid also finds utility in the cosmetic, pharmaceutical, and animal feed sectors, attributing to its safe and non-toxic profile.
A pivotal driver for the sorbic acid market growth has been the booming global packaged food and beverage industry. As urbanisation swells and lifestyles become more fast-paced, especially in the metropolitan cities, consumers increasingly gravitate towards convenient, ready-to-eat meals. This has propelled the demand for effective preservatives like sorbic acid, ensuring product safety and longevity.
Additionally, the cosmetics and personal care industry's expansive growth presents lucrative opportunities for sorbic acid and contribute to the sorbic acid market growth. This organic compound, lauded for its non-irritant and skin-friendly properties, is frequently incorporated into creams, lotions, and makeup products as a preservative. With the beauty industry's continual expansion, fuelled by evolving beauty standards and increasing disposable incomes, the demand for sorbic acid in cosmetic formulations is on an upward trajectory.
As per the sorbic acid market analysis, in the pharmaceutical arena, sorbic acid's attributes extend beyond preservation. It also serves as an intermediate in the production of certain pharmaceuticals. Its ability to prevent the proliferation of potentially harmful microorganisms ensures that medications remain potent and uncontaminated during their shelf life.
The animal feed sector is another burgeoning domain for sorbic acid. With the livestock industry's expansion and the consequent demand for quality animal feed, sorbic acid has gained traction as a feed preservative, ensuring the feed's nutritive value remains intact over time which propels the sorbic acid market demand.
Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Polyhydroxyalkanoate (PHA)
- Activated Carbon
- Microcrystalline Cellulose (MCC)
- Phosphorous Chemicals
- Methyl Cellulose
- Carboxymethyl Cellulose (CMC)
- Ethyl Cellulose
- Succinic Acid
- Others
Market Breakup by Application
- Food and Beverages
- Pharmaceuticals
- Industrial Chemicals
- Animal Feed
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sorbic acid market. Some of the major players explored in the report by Expert Market Research are as follows:
- Celanese Corporation
- WEGO Chemical Group
- Daicel Corporation
- Avatar Corporation
- Wanglong Tech Co.,Ltd.
- PT Halim Sakti Pratama
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sorbic Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Sorbic Acid Historical Market (2018-2023)
8.3 Global Sorbic Acid Market Forecast (2024-2032)
8.4 Global Sorbic Acid Market by Type
8.4.1 Polyhydroxyalkanoate (PHA)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Activated Carbon
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Microcrystalline Cellulose (MCC)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Phosphorous Chemicals
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Methyl Cellulose
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Carboxymethyl Cellulose (CMC)
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Ethyl Cellulose
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Succinic Acid
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 Others
8.5 Global Sorbic Acid Market by Application
8.5.1 Food and Beverages
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pharmaceuticals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Industrial Chemicals
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Animal Feed
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Sorbic Acid Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Sorbic Acid Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Sorbic Acid Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Sorbic Acid Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Sorbic Acid Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Sorbic Acid Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Celanese Corporation
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 WEGO Chemical Group
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Daicel Corporation
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Avatar Corporation
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Wanglong Tech Co.,Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 PT Halim Sakti Pratama
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Cost of Raw Materials
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Key Figures and Tables
1. Global Sorbic Acid Market: Key Industry Highlights, 2018 and 2032
2. Global Sorbic Acid Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Sorbic Acid Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Sorbic Acid Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Sorbic Acid Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Sorbic Acid Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Sorbic Acid Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Sorbic Acid Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Sorbic Acid Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Sorbic Acid Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Sorbic Acid Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Sorbic Acid Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Sorbic Acid Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Sorbic Acid Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Sorbic Acid Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Sorbic Acid Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Sorbic Acid Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Sorbic Acid Market Structure
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