The Sorbic Acid Market has experienced steady growth in recent years, driven by the increasing demand for food and beverage products with extended shelf life. The rise in consumer awareness regarding food safety and the need for natural preservatives has also contributed to the Sorbic Acid Market growth.
Sorbic acid is a naturally occurring compound widely used as a food preservative due to its ability to inhibit the growth of mold, yeast, and some bacteria. It is a white, crystalline powder with a slightly acidic taste and is commonly derived from the berries of the mountain ash tree.
According to Future Market Insights (FMI), the worldwide sorbic acid market is valued at US$ 62.2 million in 2023. It is anticipated to reach US$ 121.9 million by 2033. Over the forecast period 2023 to 2033, global sorbic acid demand is likely to increase at a CAGR of 7.0%.
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Growing demand for packaged food products with extended shelf life and growing usage of sorbic acid as a safe and effective food preservative are key factors driving the market.
Sorbic acid is mostly used as a preservative in the food and beverage sector. It restricts the growth of microorganisms and amplifies food products’ shelf life.
The demand for clean-label ingredients and natural food preservatives is gaining traction. This, in turn, prompts companies to use preservatives such as sorbic acid.
Regulatory authorities such as EFSA and FDA have permitted using sorbic acid as a food additive with boundaries. High usage of this substance as a food preservative in a wide range of food products will boost the target market.
Fundamentally, sorbic acid is crucial in ensuring product quality and upholding food safety standards in the food and beverage sector.
The market is poised for substantial growth in the upcoming decade. This upward trajectory can be attributed to many factors, including expanding the food & beverage sector and increasing consumer preference for naturally sourced products.
Key Takeaways from the Sorbic Acid Report:
- The global sorbic acid market is expected to reach a valuation of US$ 121.9 million by 2033.
- Global demand for sorbic acid will likely grow at 7.0% CAGR over the forecast period.
- Based on form, the powder sorbic acid segment is anticipated to reach a valuation of US$ 99.0 million by 2033.
- By application, the food and beverages segment will likely exhibit a 5.0% CAGR during the projection period.
- The United States Sorbic Acid Market is projected to reach a valuation of US$ 43.1 million by 2033.
- Germany Sorbic Acid Market is estimated to rise at 3.6% CAGR during the projection period.
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“Growth of processed and convenience foods, regulatory approvals and compliance, and consumer demand for clean label and natural products to positively impact the market growth. Sorbic acid manufacturers are following a strategic approach to meet market demand and ensure the production and supply of high-quality sorbic acid.” – says a lead analyst at Future Market Insights (FMI)
Leading Sorbic Acid Manufacturers Listed in the Report are:
- Eastman Chemical Company
- Solvay
- Celanese Corporation
- PT Halim Sakti Pratama
- QINGDAO KAISON CHEMICALS CO. Ltd
- Suzhou-Chem Inc.
- AVATAR CORPORATION
- KIC Chemicals Inc.
- Prinova Group LLC
- Continental Chemical USA
- ROSE FOODSTUFF CHEMISTRY COMPANY LIMITED
- Seidler Chemical Co. Inc.
- Wego Chemical & Mineral Corporation
The presence of several competitors describes the competitive picture of the sorbic acid industry. Sorbic acid manufacturers concentrate on quality assurance to uphold superior product characteristics and meet regulatory factors.
Companies implement rigorous quality control methods, undertake periodic audits, and ensure that food safety rules and industry regulations are complied with. They also expand their footprint by expanding capacity expansions, partnerships, mergers, collaborations, and acquisitions. For instance,
- In August 2019, Prinova Group LLC was acquired by Nagase Group to expand its offerings and deliver consistent value to its customers globally.
Sorbic Acid Market Segmentation:
By Form:
- Powder
- Liquid
By Application:
- Food and Beverage
- Pharmaceuticals
- Nutraceuticals
- Cosmetics & Personal Care
- Pet Food
- Animal Feed
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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