The global Sorbic Acid market stood at approximately 150 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 4.8% during the forecast period until 2034.
Sorbic acid, a naturally occurring compound found in berries, is a versatile preservative widely used across industries for its antimicrobial properties. In the food industry, it serves as an effective means of extending the shelf life of acidic foods like cheese, wine, fruit juices, and salad dressings by inhibiting the growth of molds, yeasts, and fungi. Its application extends to bakery products such as bread and pastries, where it prevents spoilage and maintains freshness. Furthermore, sorbic id finds its way into beverages, including soft drinks and alcoholic beverages, ensuring product stability during storage and distribution. In cosmetics and personal care products, such as creams, lotions, and shampoos, it acts as a safeguard against microbial contamination, thus preserving product integrity. Pharmaceutical formulations also benefit from sorbic acid's antimicrobial properties, ensuring the safety and efficacy of topical creams and ointments. Even in industrial applications like adhesives and coatings, sorbic acid's ability to inhibit microbial growth enhances product quality and longevity. With its multifaceted role in preserving perishable goods and maintaining product safety, sorbic acid remains a crucial ingredient in a diverse array of products, contributing to their longevity.
The widespread use of Sorbic Acid is driven by its effectiveness in inhibiting the growth of microorganisms drive its market. The food and beverage sector is projected to maintain its position as the primary consumer of sorbic acid. In recent decades, there has been a growing trend towards utilizing natural acids like propionic, sorbic, and benzoic acid as preservatives in the food industry. Sorbic acid occurs naturally in various food and beverage items such as cheese, wine, fish, meat, and pastries. The increasing demand for sorbic acid salts is also anticipated to impact the demand for sorbic acid directly. Sorbic acid salts are favored for their solubility properties, which is driving their increased usage, particularly in the food and beverage sector, when compared to sorbic acid itself. While the food and beverage industry is expected to maintain its dominance, the adoption of sorbic acid in the formulation of personal care and cosmetic products is witnessing an upward trajectory. This trend is anticipated to drive growth in the global sorbic acid market. Sorbic acid is increasingly being incorporated into formulations for makeup, as well as a variety of hair and skincare products. The global Sorbic Acid market is likely to reach approximately 260 thousand tonnes in 2034.
Based on region, the global Sorbic Acid market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. As of 2024, the Asia-Pacific region has emerged as the largest consumer of sorbic acid globally, primarily driven by several factors. The region's burgeoning food and beverage industry, fueled by a growing population and increasing disposable incomes, has led to a heightened demand for preserved food products, thus driving the utilization of sorbic acid as a safe and effective preservative. Additionally, the rising preference for processed and packaged food options, driven by urbanization and busy lifestyles, has further propelled the demand for sorbic acid to extend the shelf life of these products. Furthermore, stringent regulatory standards emphasizing food safety and quality have encouraged the adoption of natural preservatives like sorbic acid over synthetic alternatives, reinforcing its consumption within the Asia-Pacific market. Urbanization and evolving lifestyles play a significant role as well. As more people move to urban areas and adopt busier lifestyles, there's a greater demand for convenient, readily available food choices, often incorporating preservatives.
Based on the end-user industry, the global Sorbic Acid market is divided into Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics, and Others. Among these, Food and Beverages sector is the dominating segment and held about 60% of the global Sorbic Acid market in 2023 and is anticipated to prevail the similar trend in the upcoming years.
Major players in the Global Sorbic Acid market are Eastman Chemical Company, Solvay, Celanese Corporation, PT Halim Sakti Pratama, QINGDAO KAISON CHEMICALS CO. Ltd, Suzhou-Chem Inc., AVATAR CORPORATION, KIC Chemicals Inc., Prinova Group LLC, Continental Chemical USA, ROSE FOODSTUFF CHEMISTRY COMPANY LIMITED, and Seidler Chemical Co. Inc., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Sorbic Acid which covers production, demand and supply of Sorbic Acid market in the globe.
• To analyse and forecast the market size of Sorbic Acid
• To classify and forecast Global Sorbic Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sorbic Acid market in the globe.
To extract data for Global Sorbic Acid market, primary research surveys were conducted with Sorbic Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Sorbic Acid market over the coming years.
ChemAnalyst calculated Sorbic Acid demand across the globe by analyzing the volume of Sorbic Acid consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sorbic Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Sorbic Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sorbic Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Sorbic Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
150 thousand tonnes
Market size Volume in 2034
260 thousand tonnes
Growth Rate
CAGR of 4.8% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Sorbic Acid in terms of volume in 2023?
Ans:
The global market size of Sorbic Acid has reached approximately 150 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Sorbic Acid?
Ans:
Food & Beverages industry is the leading end-user industry of Sorbic Acid globally.
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