Sorbic Acid Market: Trends, Growth, and Forecast 2031

Being used extensively as a food preservative, in cosmetics, and in various pharmaceutical applications, the sorbic acid market is expected to register a decent growth rate in the coming years.Sorbic acid is a natural organic compound used in processing various foods and beverages to prevent growth of mould, yeast and fungi. With constant rise in the processed and packaged food market in the global front, sorbic acid is becoming a famous choice and the market for sorbic acid is booming as a result.

Market Overview

The global sorbic acid market in 2023 was USD XX million,being expected reach a mark of USD XX million by 2031 with a CAGR of XX% during the forecast period of 2023-2031. The primary motivating factor is rising demand for safer and effective preservatives particularly in food industry which relies upon extended shelf life.

Key Drivers and Market Trends

Sorbic Acid Potentiality In Food And Beverage: 

Sorbic acid can be widely used with wide applications as preservative in food and beverage industry because it can stop bacterial growth without affecting the flavour, smell or colour of food. The demand for processedfoods, frozen meals and readytoteat products is growing across the world, which needs sorbic acid as preservative.

Growing consumer demand for natural and organic preservatives:

The consumption of natural or organic ingredients is booming as a result of consumers’ increasing health awareness.Although synthetic preservatives are still widespread, the natural and safer sorbic have received wide market acceptance.

Pharmaceutical and Cosmetic Industries :

This compound is not just used in the food industry, but also in the manufacturing of pharmaceuticals and cosmetics. Sorbic acid also preserves these products and extends their shelf life. Growing consumer expenditure and growing income towards beauty products and personal care are also driving the sorbic acid market.

Regulatory Approvals and Safe Use:

As an approved food additive in many parts of the world, including the United States by the Food and Drugs Administration (FDA) and Europe by the European Food Safety Authority (EFSA), it has been a reliable tool for many manufacturers.

Segmentation Analysis

The sorbic acid market can be segmented by application, end-use industry, and region.

Applications include its use as a preservative in food and beverages, cosmetics, and pharmaceuticals.

End-use industries primarily include food and beverage manufacturers, pharmaceutical companies, and cosmetic producers.

Of these, food and beverege is the industry with the highest market share, and accounts for a large proportion of the total global sorbic acid consumption.

Regional Insights

North America: North America is leading the global sorbic acid market due to rising demand for processed foods products all over the region. North America’s well-developed food processing industry and growing appetite for natural preservatives are stimulating the market growth.

Europe: Europe is second major region for the sorbic acid market. The region displays significant demand for natural preservatives due to food safety and quality regulations, and brings major markets for ACG such as Germany, United Kingdom, France etc.

Asia-Pacific: Asia-Pacific is projected to be the fastest-growing market for sorbic acid backed by quick urbanisation, changing customer habits, and increasing disposable income. Rising demand for packed and readymade meals in huge populated nations such as China and India are the main boosters of market development.

Competitive Landscape

The key companies operating in the sorbic acid market includes Celanese Corporation, Eastman Chemical Company, Wego Chemical Group, Hawkins Inc. and Nantong Acetic Acid Chemical Co. Ltd. These companies majorly focus on increasing their product offerings, compliance with regulatory norms, and increasing product quality to stay competitive in market.

Market Forecast and Outlook

According to the latest research conducted by Persistence Market Research, the global sorbic acid market is estimated to expand at a CAGR of XX% from 2023 to 2031. The market valuation is projected to hit US$ XX million by 2031. The growth of this market is primarily fuelled by a rising demand in the food and beverage industry and the expanding pharmaceutical and cosmetics industries, along with an increase in consumer awareness about food safety and the advantages of natural preservatives.

FAQs

1. What is sorbic acid?

Sorbic acid, which is found naturally in the berries of the mountain ash, is used as a food, cosmetic and pharmaceutical preservative to stop microorganisms such as mould, yeast and fungi from growing.

2. Why is sorbic acid used in the food industry?

It is commonly used by the food industry because it inhibits microbial growth, prolonging shelf life, without changing the colour, taste or smell of the food product.

3. What industries use sorbic acid?

Sorbic acid is widely used as a preservative in the food and beverage, pharmaceutical and cosmetics industries.

4. Is sorbic acid safe for consumption?

Absolutely – it has been approved as a safe food preservative by bodies such as the FDA and the European Food Safety Authority.

5. What is driving the demand for sorbic acid?

The major reasons for increasing demand for processed and packaged foods and consumers’ preference for natural preservatives are expected to drive the growth of the market.

6. Which region dominates the sorbic acid market?

North America has the largest share of the world sorbic acid market. The second-largest consumer of sorbic acid is Europe, followed by the Asia-Pacific.

7. What is the expected CAGR of the sorbic acid market from 2023 to 2031?

The sorbic acid market is expected to grow at an average growth rate of XX% during the forecasted period.

8. Which companies are key players in the sorbic acid market?

Major players include Celanese Corporation, Eastman Chemical Company, and Wego Chemical Group.