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Sodium Sorbate Market Size, Share, 2018-2023 | Global Industry Report

Sodium Sorbate Market Size Analysis, Segmentation, Industry Outlook and Forecasts, 2018 - 2023

Report ID: MN17618907  |  Published: December 2018  |  No of Pages: 113
Format: Electronic (PDF)  |  Industry: Chemicals  |  Publisher: GEN CONSULTING

Global Sodium Sorbate Market is estimated to grow considerably in the coming years owing to the high demand for processed food. Sodium sorbate is basically a food additive. It is a salt derived from sorbic acid that is used in personal care, bathing, and cosmetic products. In personal care and cosmetics, sodium sorbate prevents the growth of bacteria and increases shelf life of the product. In the food industry, sodium sorbate prevents the growth of mold, fungi, and yeast. Though sodium sorbate is present naturally in some berries, it is manufactured synthetically.

The drivers of sodium sorbate industry include advantages of sodium sorbate like longer shelf-life since it is used as preservative, high consumption rate of baked and processed food, vegetables, fruits, and fast food products. Moreover, increased applications of sodium sorbate in food industry, since it does not affect the taste of the food in terms of smell, color, taste and protects food decomposition, easy availability, and cost effectiveness is accelerating the demand for sodium sorbate, thereby affecting the market growth.

However, increase in health issues, such as vomiting, diarrhea, nutritional deficiencies, etc. due to excessive consumption is hampering the market growth. Additionally, applications of sodium sorbate as a food ingredient is banned in European Union due to possible genotoxic effects.

Growing demand for clean label food additives is an emerging trend in the market. Shifting trend of consumers from processed foods to organic and natural foods is another trend witnessed in the market. Processed food products contain synthetic and artificial ingredients like colorants, flavors, and preservatives that result in health issues.

Sodium sorbate market is categorized on the basis of product type, application, and geography. On the basis of product type, sodium sorbate industry is divided into powder, granule, and liquid form. Among these, granules segment is predicted to hold larger share in the market due to high applications in the food industry.

In terms of application, sodium sorbate market is divided into pharmaceutical products, food & beverages, industrial usage, and personal care. Food and beverages sector is further split into dairy products, bakery, canned foods carbonated beverages, powdered mixes & non-carbonated beverages. Food and beverages industry is predicted to lead the sodium sorbate industry owing to the increase in demand for food due to explosive population on the global scale.

Geographically, sodium sorbate market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to dominate the market in the forecast period owing to the high demand from the food industry and increased applications from various industries. North America is also predicted to lead the market owing to high consumption from various sectors.

The major players in sodium sorbate industry include FBC Industries, ICIS, Lubon Industry Co., Ltd.,Inc., Jinneng Science and Technology Company Limited, Parchem fine & specialty chemicals, APAC Chemical Corporation, WANGLONG CHEMICALS, Sorbic International PLC, and TENGZHOU AOLONGCHEMICAL CO., LTD.

Market Segment:

Report contents include
• Analysis of the sodium sorbate market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on sodium sorbate including products, sales/revenues, and market position
• Market structure, market drivers and restraints.

Key regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Key Vendors
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