The global sorbates market size is expected to grow from $230.41 million in 2021 to $242.93 million in 2022 at a compound annual growth rate (CAGR) of 5.4%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The sorbate market is expected to reach $308.45 million in 2026 at a CAGR of 6.2%.
What is the Global Sorbates Market?
The sorbates market consists of sales of sorbates by entities (organizations, sole traders, and partnerships) that are easily soluble in water and protect the food from a wide spectrum of microorganisms including food-borne pathogens. Sorbates are esters and salts that are produced using sorbic acid. Sorbates are used as preservatives in pharmaceuticals, food, cosmetics, detergents, and feed.
Get a Sample of the global sorbates market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5613&&type=smp
What drives the Global Sorbates Market?
An increase in the consumption of processed food across the globe is driving the growth of the sorbates market. Due to busy lives, changing eating patterns of the global population, and the spread of the coronavirus pandemic, demand for packaged and ready-to-eat food is increasing. Sorbates are used in processed foods to keep them fresh for longer periods of time. For instance, according to the Medical News Report in 2020, the global consumption of processed food accounts for 20-60% of a person’s daily energy intake, which includes frozen or ready meals, baked goods, packaged bread, and processed cheese products. Furthermore, according to the Fast-Food Statistics 2021 report, in the US, 23% of the adults eat fast food meals three or more times a week while 34% of children aged 2 to 19 years eat fast food daily and 80% of Americans visit a fast-food outlet once a month. Therefore, the increasing consumption of processed food is expected to drive the demand for sorbates the over coming years.
Get the full global sorbates industry report here:
https://www.thebusinessresearchcompany.com/report/sorbates-global-market-report
Global Sorbates Market Segments
The global sorbates market is segmented:
By Type: Sorbic Acid, Potassium Sorbate, Others
By Application: Food, Oils and Fats, Bakery and Confectionery, Dairy and Frozen Products, Snacks, Meat, Poultry, and Seafood, Beverages, Others
By Geography: The regions covered in the sorbates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Sorbates Global Market Report 2022provides market size and growth forecasts for the global sorbates market, global sorbates market share, sorbates market segments and geographies, sorbates market competitive landscape including leading competitors’ revenues, profiles and market shares. The sorbates market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Sorbates Industry Playersinclude Nantong Acetic Acid Chemical, Sydney Essential Oil Company, Tengzhou Aolong Fine Chemical, APAC Chemical Corporation, Zhejiang Bossen Technology, Celanese, Sorbic International, FBC Industries Inc, Lubon Industry Co. Ltd., Wanglong Group, Shandong Hongda Biotechnology Co. Ltd., Jinneng Science and Technology Company Ltd., Advanced Inorganics, RuGao ChangJiang Food Co. Ltd., and Daicel Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
