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Pulished Date August, 2021
ID: 12084
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Potassium Sorbate Market by Type (Liquids, Powders, and Granules), by Applications (Industrial use, Personal care, Pharmaceuticals, and Food and beverage), and Region, Market Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2021-2026

Pulished: August, 2021
ID: 12084
Pages: 150

Potassium Sorbate Market Size Growth Share Analysis 2021-2026:

Potassium Sorbate Market size is expected at USD 154 million in 2020 and is anticipated to the extent of an over of USD xx.xx million by the end of the assessment period. The Potassium Sorbate Market is estimated to experience reasonable growth to record a CAGR of 4.9% throughout the estimated period (2021-2026). According to the study, North America dominated the potassium sorbate market share by 38% in 2019.

Potassium sorbate is widely used in food products as a preservative and is readily available and cost-effective. Potassium sorbate was initially labeled safe for consumption, but later advanced studies have revealed the flip side. Regular consumption of potassium sorbate can create several long-term health problems. Potassium sorbates have the genetic ability to block mold growth in dairy products. Manufacturers of products made from milk, such as yogurt and cheese, use this chemical extensively to extend their shelf life. There are several controversies associated with the use of potassium sorbate in food products. It affects the DNA of our body and also has several other effects that could harm the body.

Recent Developments in Potassium Sorbate Industry:

  1. A company called “CORE Industrial Partners LLC,” which is a Chicago-based private equity firm, announced the acquisition of J&K Ingredients Corp, a foremost producer of bakery product ingredients with an emphasis on natural products, organic and clean labelled products.
  2. Nutrinova announced a world price increase for sorbic acid and its salts. Prices will increase by 16% effective October 1, 2000, or as contracts allow. The company claims to have invested in the business for the long term and that this increase is necessary to achieve an adequate return on investment, especially given the rising costs of raw materials.

Market Drivers and Restraints:

Potassium sorbates are widely used in processed fruits and vegetables, and wines. Since the processed food industry is likely to accelerate in the coming years, it will definitely have an impact on the development of the global potassium sorbate market. The world's developing economies are the key to the growth of the processed fruit and vegetable industry. The emerging markets of China, India, MEA, and Africa will set the stage for the future of the processed fruit and vegetable industry, which will further affect the expansion of the global potassium sorbate market. As we know, potassium sorbate is widely used to preserve wine. The beauty and personal care products industry has grown enormously in recent years due to the emergence of consumers who are knowledgeable about beauty and hygiene products. Potassium sorbate has industrial use. The chemical is widely used in the coating of metals and wood. It is used on metals as a coating because it prevents internal injuries due to the passage of time. It also protects the wood from fungi. Potassium sorbate use could be seeing a decline in parts of the world like North America and Europe, where food safety rules are tight and strict. As excessive use of this chemical can lead to health problems, the normal growth of this market may have to go through troubled waters for years to come.

Market Segmentation:

Type

  • Granules
  • Powders
  • Liquids

Among these segments, the pellet segment contributes the largest market share. On the other hand, potassium sorbate is also in increasing demand in the wine industry, where it is used in the fermentation process and is also used as a stabilizer in the beverage industry to prevent beverages from spoiling secondary fermentation and reinfection.

Applications

  • Food and beverage
  • Pharmaceuticals
  • Personal care
  • Industrial use

In addition, the food and beverage segment is subdivided into the bakery, dairy, canned food, carbonated beverages, non-carbonated beverages, and powdered mixes. The main demand for potassium sorbate comes from the food industry, followed by the pharmaceutical and cosmetic sectors.

Impact of COVID-19 on Potassium Sorbate Market

The potassium sorbate market is rapidly reaching pre-COVID levels, and a healthy growth rate is expected during the forecast period, driven by the economic recovery in most developing countries. However, unprecedented situations due to the expected third wave and the next waves create bleak prospects. This study strives to evaluate different scenarios of the impact of COVID-19 on the future of the potassium sorbate market from 2001 to 2028.

MARKET REPORT COVERAGE:

REPORT STATISTICS

INSIGHTS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

4.9%

Segments Covered

By Type, and By Application

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities, Company Profiles, Primary and Secondary Analysis, Company's Revenue Analysis, and etc.

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa, and Rest of the World

Regional Analysis:

North America dominated the potassium sorbate market with a 38% share in 2019. Sorbates have been designated by the United States FDA as a Generally Recognized Safe Ingredient (GRAS) and approved for applications in dairy products, baked goods, fruits and vegetables, fat emulsions, sugar and products, confectionery, and certain meat and seafood products.

However, at higher concentrations, sorbates affect the taste of finished products, which affects market growth. In addition, its possible side effect includes skin irritation. Therefore, regulatory agencies have introduced a maximum allowable limit (200 ppm) for its application in food and beverages. Potassium sorbate use could be seeing a decline in parts of the world like North America and Europe, where food safety rules are tight and strict.

As it is estimated that the excessive use of this chemical will lead to some health problems, this market's normal growth may have to go through rough waters in the coming years to meet the potassium sorbate market during the forecast period. The European region will also dominate a considerable part of the global potassium sorbate market in the coming years. Latin American is anticipated to make substantial opportunities for companies operating in the Potassium Sorbate Market. The Middle East and Africa are some of the main emerging regions, which will generate significant opportunities in the Potassium Sorbate Market during the anticipated period due to its health benefits continue to expand its market.

Leading Company

Celanese had the largest share of the Potassium Sorbate Market in terms of sales revenue in 2021.

Key Players:

The Potassium Sorbate Market is concentrated with well-established players. Key players in the Potassium Sorbate Market include Seidler Chemical Company, Celanese, Inc. Global Chemicals, BKM Resources, VECKRIDGE CHEMICAL, Eversprings Industries Inc, Ningbo Wanglong Group Co., Ltd, Tianjin Chemical Industry Co., Ltd., BIMAL PHARMA PVT. LTD., and FBC Industries.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Potassium Sorbate Market, By Type                 

                                6.1.1 Granules  

                                6.1.2 Powders  

                                6.1.3 Liquids      

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Potassium Sorbate Market, By Application                    

                                6.2.1 Food and beverage             

                                6.2.2 Pharmaceuticals   

                                6.2.3 Personal care         

                                6.2.4 Industrial use         

                                6.2.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.6 Y-o-Y Growth Rate Analysis              

                                6.2.7 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Potassium Sorbate Market, by Region 

                7.2 North America - Market Analysis (2021 - 2026) 

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Application       

8. Key Player Analysis                                    

                8.1 Seidler Chemical Company                  

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Celanese, Inc                             

                8.3 Celanese, Inc                             

                8.4 Global Chemicals                     

                8.5 BKM Resources                        

                8.6 VECKRIDGE CHEMICAL                          

                8.7 Eversprings Industries Inc                     

                8.8 Ningbo Wanglong Group Co., Ltd                      

                8.9 Tianjin Chemical Industry Co., Ltd                     

                8.10 BIMAL PHARMA PVT. LTD.                 

                8.11 FBC Industries                        

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Type, and Application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Potassium Sorbate Market By Region, From 2021-2026 ( USD Billion )
  2. Global Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  3. Global Granules Market By Region, From 2021-2026 ( USD Billion )
  4. Global Powders Market By Region, From 2021-2026 ( USD Billion )
  5. Global Liquids Market By Region, From 2021-2026 ( USD Billion )
  6. Global Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  7. Global Food and beverage Market By Region, From 2021-2026 ( USD Billion )
  8. Global Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )
  9. Global Personal care Market By Region, From 2021-2026 ( USD Billion )
  10. Global Industrial use Market By Region, From 2021-2026 ( USD Billion )
  11. North America Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  12. North America Granules Market By Region, From 2021-2026 ( USD Billion )
  13. North America Powders Market By Region, From 2021-2026 ( USD Billion )
  14. North America Liquids Market By Region, From 2021-2026 ( USD Billion )
  15. North America Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  16. North America Food and beverage Market By Region, From 2021-2026 ( USD Billion )
  17. North America Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )
  18. North America Personal care Market By Region, From 2021-2026 ( USD Billion )
  19. North America Industrial use Market By Region, From 2021-2026 ( USD Billion )
  20. United States Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  21. United States Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  22. Canada Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  23. Canada Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  24. Europe Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  25. Europe Granules Market By Region, From 2021-2026 ( USD Billion )
  26. Europe Powders Market By Region, From 2021-2026 ( USD Billion )
  27. Europe Liquids Market By Region, From 2021-2026 ( USD Billion )
  28. Europe Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  29. Europe Food and beverage Market By Region, From 2021-2026 ( USD Billion )
  30. Europe Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )
  31. Europe Personal care Market By Region, From 2021-2026 ( USD Billion )
  32. Europe Industrial use Market By Region, From 2021-2026 ( USD Billion )
  33. U.K. Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  34. U.K. Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  35. Germany Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  36. Germany Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  37. France Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  38. France Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  39. Italy Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  40. Italy Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  41. Spain Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  42. Spain Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  43. Asia Pacific Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  44. Asia Pacific Granules Market By Region, From 2021-2026 ( USD Billion )
  45. Asia Pacific Powders Market By Region, From 2021-2026 ( USD Billion )
  46. Asia Pacific Liquids Market By Region, From 2021-2026 ( USD Billion )
  47. Asia Pacific Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  48. Asia Pacific Food and beverage Market By Region, From 2021-2026 ( USD Billion )
  49. Asia Pacific Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )
  50. Asia Pacific Personal care Market By Region, From 2021-2026 ( USD Billion )
  51. Asia Pacific Industrial use Market By Region, From 2021-2026 ( USD Billion )
  52. Japan Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  53. Japan Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  54. China Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  55. China Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  56. India Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  57. India Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  58. Australia Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  59. Australia Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  60. South Korea Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  61. South Korea Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  62. Latin America Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  63. Latin America Granules Market By Region, From 2021-2026 ( USD Billion )
  64. Latin America Powders Market By Region, From 2021-2026 ( USD Billion )
  65. Latin America Liquids Market By Region, From 2021-2026 ( USD Billion )
  66. Latin America Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  67. Latin America Food and beverage Market By Region, From 2021-2026 ( USD Billion )
  68. Latin America Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )
  69. Latin America Personal care Market By Region, From 2021-2026 ( USD Billion )
  70. Latin America Industrial use Market By Region, From 2021-2026 ( USD Billion )
  71. Brazil Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  72. Brazil Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  73. Argentina Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  74. Argentina Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  75. Mexico Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  76. Mexico Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  77. Rest of Latin America Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  78. Rest of Latin America Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  79. Middle East and Africa Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  80. Middle East and Africa Granules Market By Region, From 2021-2026 ( USD Billion )
  81. Middle East and Africa Powders Market By Region, From 2021-2026 ( USD Billion )
  82. Middle East and Africa Liquids Market By Region, From 2021-2026 ( USD Billion )
  83. Middle East and Africa Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  84. Middle East and Africa Food and beverage Market By Region, From 2021-2026 ( USD Billion )
  85. Middle East and Africa Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )
  86. Middle East and Africa Personal care Market By Region, From 2021-2026 ( USD Billion )
  87. Middle East and Africa Industrial use Market By Region, From 2021-2026 ( USD Billion )
  88. Middle East Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  89. Middle East Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )
  90. Africa Potassium Sorbate Market By Type, From 2021-2026 ( USD Billion )
  91. Africa Potassium Sorbate Market By Application, From 2021-2026 ( USD Billion )

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