Sorbic Acid Market Size 2021, Future Forecasts, Growth Rate, and Industry Analysis 2026

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
  • Others

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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.

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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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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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