According to a new report by Expert Market Research, ‘Global Sorbic Acid Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, the global Sorbic Acid market is valued at US$ xx million in 2020 is expected to reach US$ xx million by the end of 2026, growing at a CAGR of xx% during 2021-2026.
Competitive Landscape & Supplier Analysis:
- Celanese Corporation (NYSE: CE)
- WEGO Chemical Group
- Daicel Corporation (TYO: 4202)
- Avatar Corporation (OTCMKTS: ATAR)
- Wanglong Tech Co.,Ltd. (OTCMKTS: ATAR)
- PT Halim Sakti Pratama
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The demand for sorbic acid has witnessed a gradual rise over the past few decades from several industrial domains. The growing interest in organic and natural acids is one of the primary factors expected to boost the growth of the sorbic acid market in the upcoming years. As new trends and consumer preferences garner momentum worldwide, the adoption of sorbic acid, particularly in the food & beverages industry has surged at a steady pace. While the food & beverages industry is projected to provide a safe haven for the players involved in the sorbic acid market, other industrial domains, including cosmetics & personal care, pharmaceutical, animal feed, and chemical are projected to provide lucrative opportunities.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/sorbic-acid-market
Growing use of synthetic preservatives like sorbic acid is expected to be a major demand driver for the global sorbic acid market. Growing use of convenience food products due to change in lifestyle is expected to fuel the growth of the food and beverage industry which in turn will contribute to the growth in revenue of the global sorbic acid market. Growing use of protein drinks in sport sector as well as awareness regarding quality preservatives contributes to the growth of the sorbic acid market.
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