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Potassium Sorbate Market Trends

Report ID: GMI11396
Published Date: Sep 2024
Report Format: PDF

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Potassium Sorbate Market Trends

The current trend in the potassium sorbate industry is driven by its increasing use as a preservative in the food and beverage industry, particularly as consumers demand longer shelf life and natural ingredients. Its application in cosmetics and personal care products is also growing due to its antimicrobial properties. Looking ahead, upcoming trends include a shift towards bio-based and sustainable potassium sorbate solutions, aligning with the global push for eco-friendly products. Additionally, technological innovations in production processes aimed at improving cost efficiency and reducing environmental impact are expected to shape the market's future growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of potassium sorbate achieved USD 64.5 million in 2023 and will grow at 5.8% CAGR from 2024 to 2032, led by its increasing application in food preservation.

The powder segment held a decent share in 2023 and will capture USD 49.01 million and demonstrate a 5.9% CAGR by 2032, due to its wide application in various industries, particularly in food preservation.

North America market will record 6.1% CAGR and USD 33.56 million by 2032, due to its well-established food and beverage industry, stringent food safety regulations, and high consumer demand for processed and packaged products.

Titan Biotech, TCI, Merck, Shandong Kunda Biological Technology Co.,Ltd., Hunan Huari Pharmaceutical Co.,Ltd., Jiangsu Mupro Ift Corp., Celanese Corporation, BIMAL PHARMA PVT. LTD., FBC Industries among others.