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Global Sorbic Acid Market: By Type: Polyhydroxyalkanoate (PHA), Activated Carbon, Microcrystalline Cellulose (MCC), Phosphorous Chemicals, Methyl CelluloseCarboxymethyl Cellulose (CMC), Ethyl Cellulose; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Sorbic Acid Market Outlook
The global sorbic acid market is expected to grow at a CAGR of 3% in the forecast period of 2023-2028.
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North America to Present Significant Growth Opportunities to the Sorbic Acid Industry
The United States is one of the leading regions in the global market for sorbic acid. In North America, the country accounts for the majority of the market share. Sorbic acid is considered safe for daily use by the U.S. Food and Drug Administration because it is not associated with cancer and other significant health problems, which is boosting the market growth in the region. The robust food and beverage industry in the region is enabling the growth of the sorbic acid industry. The market growth in North America is also aided by the rising consumption of processed and packaged food due to the rising living standards and busier lifestyles of the populous.
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Sorbic Acid: Market Segmentation
Sorbic acid and its mineral salts are organic compounds that naturally exist mainly as a food preservative. Sorbic acid was first isolated from Sorbus Aucuparia's unripe beers. It is an unsaturated fatty acid that has inhibitory impact on moulds, yeasts, and bacteria. It is also used in a wide variety of foodstuffs. In winemaking, sorbic acid is used along with sulphuric dioxide, which helps convert sorbic acid into alcohol, thereby negating the foul smell of ether.
Based on type, the market can be divided into:
- Polyhydroxyalkanoate (PHA)
- Activated Carbon
- Microcrystalline Cellulose (MCC)
- Phosphorous Chemicals
- Methyl Cellulose
- Carboxymethyl Cellulose (CMC)
- Ethyl Cellulose
- Succinic Acid
- Others
On the basis of application, the industry can be divided into:
- Food and Beverages
- Pharmaceuticals
- Industrial Chemicals
- Animal Feed
- Others
The regional markets for sorbic acid can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand from the Food and Beverage Industry Bolstering the Market Growth of Sorbic Acid
The global sorbic acid industry is significantly being driven by the rising demand from the food and beverage industry. The growing application of synthetic preservatives such as sorbic acid is expected to dominate the growth of the global sorbic acid market. The increased utilisation of convenience food items as the lifestyles change will drive the growth of the food and beverage industry, which will, in effect, lead to the development of the global sorbic acid industry. The increasing awareness about the quality preservative use of protein drinks in the sporting sector contributes to the growth of the demand for sorbic acid.
Key Industry Players in the Global Sorbic Acid Market
The report gives a detailed analysis of the following key players in the global sorbic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Celanese Corporation
- WEGO Chemical Group
- Daicel Corporation
- Avatar Corporation
- Wanglong Tech Co.,Ltd.
- PT Halim Sakti Pratama
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | Polyhydroxyalkanoate (PHA), Activated Carbon, Microcrystalline Cellulose (MCC), Phosphorous Chemicals, Methyl Cellulose, Carboxymethyl Cellulose (CMC), Ethyl Cellulose, Succinic Acid, Others |
| Breakup by Application | Food and Beverages, Pharmaceuticals, Industrial Chemicals, Animal Feed, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Celanese Corporation, WEGO Chemical Group, Daicel Corporation, Avatar Corporation, Wanglong Tech Co.,Ltd., PT Halim Sakti Pratama, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Industry Opportunities and Challenges
8 Global Sorbic Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Sorbic Acid Historical Market (2018-2022)
8.3 Global Sorbic Acid Market Forecast (2023-2028)
8.4 Global Sorbic Acid Market by Type
8.4.1 Polyhydroxyalkanoate (PHA)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Activated Carbon
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Microcrystalline Cellulose (MCC)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Phosphorous Chemicals
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Methyl Cellulose
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Carboxymethyl Cellulose (CMC)
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Ethyl Cellulose
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2018-2022)
8.4.7.3 Forecast Trend (2023-2028)
8.4.8 Succinic Acid
8.4.8.1 Market Share
8.4.8.2 Historical Trend (2018-2022)
8.4.8.3 Forecast Trend (2023-2028)
8.4.9 Others
8.5 Global Sorbic Acid Market by Application
8.5.1 Food and Beverages
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Pharmaceuticals
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Industrial Chemicals
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Animal Feed
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Sorbic Acid Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operations Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Celanese Corporation
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 WEGO Chemical Group
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Daicel Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Avatar Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Wanglong Tech Co.,Ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 PT Halim Sakti Pratama
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
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 2028
2. Global Sorbic Acid Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Sorbic Acid Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Sorbic Acid Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Sorbic Acid Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Sorbic Acid Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Sorbic Acid Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Sorbic Acid Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Sorbic Acid Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Sorbic Acid Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Sorbic Acid Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Sorbic Acid Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Sorbic Acid Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Sorbic Acid Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Sorbic Acid Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Sorbic Acid Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Sorbic Acid Market Forecast: Breakup by Country (USD Billion), 2023-2028
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
Key Questions Answered in the Report
The global sorbic acid market is projected to grow at a CAGR of 3% between 2021 and 2026.
The major drivers of the industry, such as the growing food and beverage industry, rising consumption of convenient food, enhancing standards of living, rising disposable incomes, growing middle class population, and rising demand for preservative use in protein drinks in the sporting sector, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing consumption of processed and packaged food and the rising application of synthetic preservatives.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of sorbic acid in the market are polyhydroxyalkanoate (PHA), activated carbon, microcrystalline cellulose (MCC), phosphorous chemicals, methyl cellulose, carboxymethyl cellulose (CMC), ethyl cellulose, and succinic acid, among others.
The significant application segments in the industry are food and beverages, pharmaceuticals, industrial chemicals, and animal feed, among others.
The major players in the industry are Celanese Corporation, WEGO Chemical Group, Daicel Corporation, Avatar Corporation, Wanglong Tech Co.,Ltd., and PT Halim Sakti Pratama, among others.
Analyst Review
The global sorbic acid clutch market is being driven by the growing food and beverage industry. Aided by the rising demand for synthetic preservatives, the market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into polyhydroxyalkanoate (PHA), activated carbon, microcrystalline cellulose (MCC), phosphorous chemicals, methyl cellulose, carboxymethyl cellulose (CMC), ethyl cellulose, and succinic acid, among others. By application, the industry is segmented into food and beverages, pharmaceuticals, industrial chemicals, and animal feed, among others. The major regional markets for sorbic acid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Celanese Corporation, WEGO Chemical Group, Daicel Corporation, Avatar Corporation, Wanglong Tech Co.,Ltd., and PT Halim Sakti Pratama, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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