Potassium Sorbate Market Size to Grow by USD 29.74 Million| Increased Demand for Potassium Sorbate in Processed Food to Boost Market Growth

NEW YORK, Feb. 25, 2022 /PRNewswire/ — The “Potassium Sorbate Market by End-user (Food and beverages, Pharmaceuticals, Personal care and cosmetics, and Others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

Attractive Opportunities in Potassium Sorbate Market by End-user and Geography – Forecast and Analysis 2022-2026

The potential growth difference for the potassium sorbate market between 2021 and 2026 is USD 29.74 million, according to the latest market analysis report by Technavio. The report also identifies the market to register an accelerating growth momentum at a CAGR of 3.98% during the forecast period.

To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver

  • Market Challenges

The increased demand for potassium sorbate in processed food and easy production process are some of the key market drivers. However, factors such as allergic reaction caused by potassium sorbate will challenge market growth. An increase in consumption of baked foods, processed fruits, vegetables, and the growth of the dairy industry is expected to fuel the market during the forecast period. The increasing demand for confectionery, dairy and frozen products, meat, and seafood can propel the growth of the market in focus in the coming years. Among the numerous applications of potassium sorbet, it is extensively used in canned fruits and vegetables, canned meat, desserts, and the dairy sector that offers milk-based products as a preservative in the food and beverage industry. Moreover, it is also used in cosmetics, personal care products, pharmaceuticals, animal feed, surfactants, and detergents. It functions as a stabilizer in beverages and protects them from secondary fermentation and reinfection.

The allergic reaction is caused by potassium sorbate when used above the prescribed limits in food products, pharmaceuticals, and cosmetics. It can cause skin irritation, itchy scalp, and skin allergies. The allergic reactions and side effects of potassium sorbate above the prescribed level in food products can significantly reduce its consumption rate in food and beverage products will hinder the market’s growth.

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Key Segment Analysis

The potassium sorbate market report is segmented by End-user (Food and beverages, Pharmaceuticals, Personal care and cosmetics, and Others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa). The food and beverages end-user segment held the largest potassium sorbate market share in 2021. The segment will continue to account for the largest growth during the forecast period due to the significant increase in the demand for packaged food and ready-to-eat meals in developed and developing economies. North America will be the leading region with 34% of the market’s growth during the forecast period. 34% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for potassium sorbate in North America. Market growth in this region will be faster than the growth of the market in Europe.The significant increase in the demand for potassium sorbate from end-user segments owing to favorable government support for its production and consumption will facilitate the potassium sorbate market growth in North America over the forecast period.

View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.

Some Companies Mentioned with their Offerings

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Potassium Sorbate Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.98%

Market growth 2022-2026

$ 29.74 million

Market structure

Fragmented

YoY growth (%)

3.0

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Anant Pharmaceuticals Pvt. Ltd., Anmol Chemicals Group, APAC Chemical Corp., Astrra Chemicals, BIMAL PHARMA PVT. LTD., Celanese Corp., CNK Fragrances Pvt. Ltd., FBC Industries Inc., Jinneng Science and Technology Co. Ltd., LINYI VAN SCIENCE AND TECHNIQUE CO. LTD., LUBON INDUSTRY Co. LTD, Nantong Acetic Acid Chemical Co. Ltd., REJOICE LIFE INGREDIENTS, Shandong Hongda Biotechnology Co. Ltd., SHANGHAI NICECHEM CO. LTD., Spectrum Laboratory Products Inc., Tianjin Haitong Chemical Industrial Co. Ltd., Titan Biotech Ltd., Wanglong Tech Co. Ltd, and Daicel Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1. Executive Summary

1.1 Market Overview

Exhibit 01: Key Finding 1

Exhibit 02: Key Finding 1

Exhibit 03: Key Finding 2

Exhibit 04: Key Finding 3

Exhibit 05: Key Finding 4

Exhibit 06: Key Finding 5

Exhibit 07: Key Finding 5

Exhibit 08: Key Finding 6

2. Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market

Exhibit 10: Market characteristics

3. Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021 – 2026

Exhibit 13: Global – Market size and forecast 2021 – 2026 ($ million)

Exhibit 14: Global – Market size and forecast 2021-2026 ($ million)

Exhibit 15: Global Market: Year-over-year growth 2021-2026 (%)

Exhibit 16: Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis

4.1 Five Forces Summary

Exhibit 17: Five forces analysis 2021 & 2026

4.2 Bargaining power of buyers

Exhibit 18: Bargaining power of buyers

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry

4.7 Market condition

Exhibit 23: Market condition – Five forces 2021

5 Market Segmentation by End-user

5.1 Market segments

Exhibit 24: End-user – Market share 2021-2026 (%)

Exhibit 25: End-user – Market share 2021-2026 (%)

5.2 Comparison by End-user

Exhibit 26: Comparison by End-user

Exhibit 27: Comparison by End-user

5.3 Food and beverages – Market size and forecast 2021-2026

Exhibit 28: Food and beverages – Market size and forecast 2021-2026 ($ million)

Exhibit 29: Food and beverages – Market size and forecast 2021-2026 ($ million)

Exhibit 30: Food and beverages – Year-over-year growth 2021-2026 (%)

Exhibit 31: Food and beverages – Year-over-year growth 2021-2026 (%)

5.4 Pharmaceuticals – Market size and forecast 2021-2026

Exhibit 32: Pharmaceuticals – Market size and forecast 2021-2026 ($ million)

Exhibit 33: Pharmaceuticals – Market size and forecast 2021-2026 ($ million)

Exhibit 34: Pharmaceuticals – Year-over-year growth 2021-2026 (%)

Exhibit 35: Pharmaceuticals – Year-over-year growth 2021-2026 (%)

5.5 Personal care and cosmetics – Market size and forecast 2021-2026

Exhibit 36: Personal care and cosmetics – Market size and forecast 2021-2026 ($ million)

Exhibit 37: Personal care and cosmetics – Market size and forecast 2021-2026 ($ million)

Exhibit 38: Personal care and cosmetics – Year-over-year growth 2021-2026 (%)

Exhibit 39: Personal care and cosmetics – Year-over-year growth 2021-2026 (%)

5.6 Others – Market size and forecast 2021-2026

Exhibit 40: Others – Market size and forecast 2021-2026 ($ million)

Exhibit 41: Others – Market size and forecast 2021-2026 ($ million)

Exhibit 42: Others – Year-over-year growth 2021-2026 (%)

Exhibit 43: Others – Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by End-user

Exhibit 44: Market opportunity by End-user ($ million)

6. Customer landscape

6.1 Customer landscape

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

Exhibit 45: ?Customer landscape?

7. Geographic Landscape

7.1 Geographic segmentation

Exhibit 46: Market share by geography 2021-2026 (%)

Exhibit 47: Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 48: Geographic comparison

Exhibit 49: Geographic comparison

7.3 North America – Market size and forecast 2021-2026

Exhibit 50: North America – Market size and forecast 2021-2026 ($ million)

Exhibit 51: North America – Market size and forecast 2021-2026 ($ million)

Exhibit 52: North America – Year-over-year growth 2021-2026 (%)

Exhibit 53: North America – Year-over-year growth 2021-2026 (%)

7.4 Europe – Market size and forecast 2021-2026

Exhibit 54: Europe – Market size and forecast 2021-2026 ($ million)

Exhibit 55: Europe – Market size and forecast 2021-2026 ($ million)

Exhibit 56: Europe – Year-over-year growth 2021-2026 (%)

Exhibit 57: Europe – Year-over-year growth 2021-2026 (%)

7.5 APAC – Market size and forecast 2021-2026

Exhibit 58: APAC – Market size and forecast 2021-2026 ($ million)

Exhibit 59: APAC – Market size and forecast 2021-2026 ($ million)

Exhibit 60: APAC – Year-over-year growth 2021-2026 (%)

Exhibit 61: APAC – Year-over-year growth 2021-2026 (%)

7.6 South America – Market size and forecast 2021-2026

Exhibit 62: South America – Market size and forecast 2021-2026 ($ million)

Exhibit 63: South America – Market size and forecast 2021-2026 ($ million)

Exhibit 64: South America – Year-over-year growth 2021-2026 (%)

Exhibit 65: South America – Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa – Market size and forecast 2021-2026

Exhibit 66: Middle East and Africa – Market size and forecast 2021-2026 ($ million)

Exhibit 67: Middle East and Africa – Market size and forecast 2021-2026 ($ million)

Exhibit 68: Middle East and Africa – Year-over-year growth 2021-2026 (%)

Exhibit 69: Middle East and Africa – Year-over-year growth 2021-2026 (%)

7.8 US – Market size and forecast 2021-2026

Exhibit 70: US – Market size and forecast 2021-2026 ($ million)

Exhibit 71: US – Market size and forecast 2021-2026 ($ million)

Exhibit 72: US – Year-over-year growth 2021-2026 (%)

Exhibit 73: US – Year-over-year growth 2021-2026 (%)

7.9 China – Market size and forecast 2021-2026

Exhibit 74: China – Market size and forecast 2021-2026 ($ million)

Exhibit 75: China – Market size and forecast 2021-2026 ($ million)

Exhibit 76: China – Year-over-year growth 2021-2026 (%)

Exhibit 77: China – Year-over-year growth 2021-2026 (%)

7.10 Germany – Market size and forecast 2021-2026

Exhibit 78: Germany – Market size and forecast 2021-2026 ($ million)

Exhibit 79: Germany – Market size and forecast 2021-2026 ($ million)

Exhibit 80: Germany – Year-over-year growth 2021-2026 (%)

Exhibit 81: Germany – Year-over-year growth 2021-2026 (%)

7.11 Canada – Market size and forecast 2021-2026

Exhibit 82: Canada – Market size and forecast 2021-2026 ($ million)

Exhibit 83: Canada – Market size and forecast 2021-2026 ($ million)

Exhibit 84: Canada – Year-over-year growth 2021-2026 (%)

Exhibit 85: Canada – Year-over-year growth 2021-2026 (%)

7.12 UK – Market size and forecast 2021-2026

Exhibit 86: Chart on UK – Market size and forecast 2021-2026 ($ million)

Exhibit 87: Data Table on UK – Market size and forecast 2021-2026 ($ million)

Exhibit 88: Chart on UK – Year-over-year growth 2021-2026 (%)

Exhibit 89: Data Table on UK – Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 90: Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends

8.1 Market drivers

8.1.1 Increased demand for potassium sorbate in processed food

8.1.2 Easy production process

8.1.3 Approvals from regulatory bodies and governments

8.2 Market challenges

8.2.1 Allergic reaction caused by potassium sorbate

8.2.2 Availability of substitutes

8.2.3 Lack of customization and differentiation

8.3 Impact of drivers and challenges

Exhibit 91: Impact of drivers and challenges

8.4 Market trends

8.4.1 Diversified applications

8.4.2 Increasing demand for clean label ingredients

8.4.3 Growth of the packaged food and beverage industry

9. Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 92: Vendor landscape

The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.

9.3 Landscape disruption

Exhibit 93: ?Landscape disruption?

9.4 Industry risks

Exhibit 94: Industry risks

10. Vendor Analysis

10.1 Vendors covered

Exhibit 95: Vendors covered

10.2 Market positioning of vendors

Exhibit 96: ?Market positioning of vendors?

10.3 APAC Chemical Corp.

Exhibit 97: APAC Chemical Corp. – Overview

Exhibit 98: APAC Chemical Corp. – Product / Service

Exhibit 99: APAC Chemical Corp. – Key offerings

10.4 Celanese Corp.

Exhibit 100: Celanese Corp. – Overview

Exhibit 101: Celanese Corp. – Business segments

Exhibit 102: Celanese Corp. – Key news

Exhibit 103: Celanese Corp. – Key offerings

Exhibit 104: Celanese Corp. – Segment focus

10.5 FBC Industries Inc.

Exhibit 105: FBC Industries Inc. – Overview

Exhibit 106: FBC Industries Inc. – Product / Service

Exhibit 107: FBC Industries Inc. – Key offerings

10.6 Jinneng Science and Technology Co. Ltd.

Exhibit 108: Jinneng Science and Technology Co. Ltd. – Overview

Exhibit 109: Jinneng Science and Technology Co. Ltd. – Product / Service

Exhibit 110: Jinneng Science and Technology Co. Ltd. – Key offerings

10.7 LINYI VAN SCIENCE AND TECHNIQUE CO. LTD.

Exhibit 111: LINYI VAN SCIENCE AND TECHNIQUE CO. LTD. – Overview

Exhibit 112: LINYI VAN SCIENCE AND TECHNIQUE CO. LTD. – Product / Service

Exhibit 113: LINYI VAN SCIENCE AND TECHNIQUE CO. LTD. – Key offerings

10.8 LUBON INDUSTRY Co. LTD

Exhibit 114: LUBON INDUSTRY Co. LTD – Overview

Exhibit 115: LUBON INDUSTRY Co. LTD – Product / Service

Exhibit 116: LUBON INDUSTRY Co. LTD – Key offerings

10.9 Nantong Acetic Acid Chemical Co. Ltd.

Exhibit 117: Nantong Acetic Acid Chemical Co. Ltd. – Overview

Exhibit 118: Nantong Acetic Acid Chemical Co. Ltd. – Product / Service

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