Potassium Sorbate Market - Global Industry Analysis, Growth, Trends, and Forecast 2016 - 2024

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REPORT DESCRIPTION
Potassium sorbate is a kind of salt or chemical that has wide applications in food and beverages as a preservative, as a chemical
for industrial purpose and as a type of solution in personal care products. Demand of potassium sorbate in market is primarily
increased in food industry where it has greater demand in preprocessed food. In terms of its functionality it is used as a
preservative to avoid the food from spoilage as it prime function is to prevent food and beverages from growth of fungus,
microbes, mold, yeast etc. The reason behind its excessive usage in food industry is because it does not make any effect in
terms of taste, color and smell of food and protect the food from decomposition, which is driving the market growth in the near
future.
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Market Dynamics of Potassium Sorbate Market:
Increasing demand of processed food is one of the major driver behind the rising demand of potassium sorbate in global market.
This driver is influencing food manufacturing companies to offer the products which has longer shelf life as it is used as
preservative in their products. On the other side in terms of trends, mostly the potassium sorbate is gaining importance because
of increase in consumption of baked food, processed fruits, vegetables and fast food products.. Excessive consumption of
potassium sorbate causes health problems such as nutritional deficiencies, problems of vomiting, diarrhea etc. which may
restrain the market growth in the near future.
Market Segmentation of Potassium Sorbate Market:
Potassium sorbate market is segmented on two different basis which includes types and application. As per the types it includes
granule, powder and liquid form. Among these segments, granules segment contributes the largest market share. Market
segment on the basis of application includes food & beverages, pharmaceutical products, personal care and industrial usage.
Further the food & beverage segment is sub-segmented into bakery, dairy products, canned foods carbonated beverages, noncarbonated beverages & powdered mixes. Major demand of potassium sorbate is from the side of food processing industry
followed by pharmaceutical and cosmetic sector.
On analyzing the demand of potassium sorbate, it is observed that highest percentage of its application is in canned fruit and
vegetable products, canned meat, desserts and from dairy sector which includes products like cheese, ice-cream, yogurt etc.
Results of pie chart show that majority of share in market of potassium is from food & beverage industry. It is due to increasing
demand of processed food products among growing population in emerging economies of world. On the other side, potassium
sorbate is also gaining demand in wine industry where it is used in fermentation process and it also used as a stabilizer in
beverage industry to prevent the drinks from secondary fermentation and reinfection. Similarly in personal care products it is
used in shampoo, lotion, cream etc. It is also used in industrial coatings to prevent the industrial products from fungus, yeast,
mold etc.
Regional Outlook of Potassium Sorbate:
On the basis of geographical market segment, it is segmented into seven different regions: North America, Latin America,
Eastern Europe, Western Europe, and Asia-Pacific region, Japan and Middle East and Africa. Asia-Pacific region is expected to be
lucrative market. China is expected to account for major share in terms of volume contribution. On the other side in terms of
consumption, U.S. is expected to be the largest consumer of potassium sorbate in the world followed by European region.
Key Market Players in Potassium Sorbate Market:
Major players in Potassium Sorbate are APAC Chemical Corporation, FBC Industries, Inc., Parchem fine & specialty chemicals,
WANGLONG CHEMICALS, Sorbic International PLC, Jinneng Science and Technology Company Limited, ICIS, TENGZHOU
AOLONGCHEMICAL CO., LTD. and Lubon Industry Co., Ltd.
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Key market segments and sub-segments
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Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
•
North America (U.S. and Canada)
•
Latin America (Mexico, Brazil, Peru, Chile, and others)
•
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
•
Eastern Europe (Poland, Russia)
•
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
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Middle East and Africa (GCC, Southern Africa, North Africa)
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Potassium sorbate is a kind of salt or chemical that has wide applications in food and beverages as a preservative, as a chemical for industrial purpose and as a type of solution in personal care products. Demand of potassium sorbate in market is primarily increased in food industry where it has greater demand in preprocessed food. In terms of its functionality it is used as a preservative to avoid the food from spoilage as it prime function is to prevent food and beverages from growth of fungus, microbes, mold, yeast etc. The reason behind its excessive usage in food industry is because it does not make any effect in terms of taste, color and smell of food and protect the food from decomposition, which is driving the market growth in the near future. Download Free exclusive Sample of this report:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13142