How Has The Sorbates Market Size Evolved In Recent Years?
The sorbates market has seen considerable growth due to a variety of factors.
• The size of the sorbates market has seen robust expansion in the past year. An increase from $279.31 billion in 2024 to $298.82 billion by 2025 is projected, with a compound annual growth rate (CAGR) of 7.0%.
This notable increase during the historical phase is credited to factors such as increasing consumer requests for extended shelf life, heightened demand for processed and convenience foods, growth within the food and beverage sector, increasing consciousness about food safety and preservation, and a surge in requests for natural and clean-label food items.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Sorbates Market?
The sorbates market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the sorbates market to witness robust expansion in the coming years, with projections reaching a whopping $399.24 billion by 2029 and a CAGR of 7.5%.
Several factors will contribute to this anticipated growth during the forecast period, including rising consumer preference for natural and organic food items, the escalating need for food preservatives in emerging economies, an increase in demand for frozen and packaged foods, the implementation of e-commerce and direct-to-consumer selling methods, alongside rising markets. Future trends expected to shape the forecast period involve technological breakthroughs in food preservation methods, R&D efforts focused on producing innovative sorbate solutions, the personalization of sorbate, the advent of clean-label preservatives, and the adoption of eco-friendly packaging solutions.
What Are The Essential Drivers Behind The Growth Of The Sorbates Market?
The surge in the intake of processed food worldwide is propelling the progression of the sorbates market. Given the swift lifestyle changes, altered dietary habits of people globally, and the advent of the COVID-19 pandemic, the need for packaged and ready-to-consume meals is on the rise. Sorbates serve the purpose of retaining the freshness of these processed foods for extended durations. For example, the Fast-Food Statistics 2022 report shows that 23% of American adults consume fast food at least three times a week, 34% of kids aged 2 to 19 consume fast food daily, and 80% of Americans visit a fast-food joint at least once a month. Consequently, the escalating consumption of processed food is forecasted to push the demand for sorbates in the forthcoming years.
How Is The Global Sorbates Market Divided Into Key Segments?
The sorbates market covered in this report is segmented –
1) By Type: Sorbic Acid, Potassium Sorbate, Other Types
2) By Application: Food, Oils And Fats, Bakery And Confectionery, Dairy And Frozen Products, Snacks, Meat, Poultry, And Seafood, Beverages, Other Applications
Subsegments:
1) By Sorbic Acid: Food-Grade Sorbic Acid, Industrial-Grade Sorbic Acid, Sorbic Acid for Personal Care Products
2) By Potassium Sorbate: Food-Grade Potassium Sorbate, Industrial-Grade Potassium Sorbate, Potassium Sorbate for Personal Care Applications
3) By Other Types: Calcium Sorbate, Sodium Sorbate, Other Sorbate Derivatives
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What Trends Are Reshaping The Future Of The Share Market?
Key players in the sorbates market are concentrating on the creation of innovative products, including natural potassium sorbate, in response to increasing consumer needs for natural and clean-label food preservatives. Natural Potassium Sorbate is a common compound originating from sorbic acid, primarily used for preventing yeast and mold growth in food, thus recognised for its safety and effectiveness in prolonging the life of various food and drink items. For example, in September 2024, Evident Ingredients, a manufacturing company based in Germany, introduced Evicide Potassium Sorbate Eco, a product that boasts powerful antimicrobial properties to combat the development of mold, yeast, and fungi in personal care items. Its COSMOS certification marks its suitability for natural formulations and makes it an attractive choice for eco-aware brands. Perfect for use in wet wipes, shampoos, and conditioners, it blends effectiveness with sustainability in the beauty industry.
Who Are the Key Players in the Sorbates Market?
Major companies operating in the sorbates market include:
• Nantong Acetic Acid Chemical Co.Ltd.
• Tengzhou Aolong Fine Chemical Co.Ltd.
• APAC Chemical Corporation
• Zhejiang Bossen Technology Co.Ltd.
• Celanese Corporation
• Sorbic International plc
• FBC Industries Inc
• Lubon Industry Co.Ltd.
• Wanglong Group Co.Ltd.
• Shandong Hongda Biotechnology Co.Ltd.
• Jinneng Science and Technology Company Ltd.
• Advanced Inorganics Inc.
• RuGao ChangJiang Food Co.Ltd.
• Daicel Corporation
• A.M. Food Chemical Co. Limited
• Farchemia Srl
• Triveni Interchem Pvt. Ltd.
• Fine Organics Industries Pvt. Ltd.
• Bartek Ingredients Inc.
• Qiancheng Chemical Co.Ltd.
• Tharakan and Company
• Tate & Lyle plc
• Hangzhou Kalong Trade Co.Ltd.
• Ningbo Kodobio Chemical Co.Ltd.
• Auro Chemicals
• Lianyungang Dongtai Food Ingredients Co.Ltd.
• Spectrum Chemical Mfg. Corp.
• I. G. Petrochemicals Ltd.
What are the Regional Insights into the Sorbates Market?
North America was the largest region in the sorbates market in 2024. The regions covered in the sorbates market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
