Sorbic Acid Market

GMI Research analysis indicates that the Sorbic Acid Market is expected to raise at a robust CAGR of 5.4% over the forecast period, till 2030 driven by the increasing usage of sorbic acid across food and beverage industry.

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Key Drivers

The key factors driving the global sorbic acid market includes increasing adoption of sorbic acid as a food preservative in the food and beverages industries and rising interest towards natural and organic acids across the globe. For instance, FDA has approved sorbic acid as safe for regular use. Moreover, increasing demand for clean label food items will further boost the sorbic acid market size. The high presence of food and beverages and pharmaceuticals industries is increasing the sorbic acid market demand during the forecast period. Increased concerns related to the food safety along with the growing demand for extended shelf life food products will increase the demand for sorbic acid across the food and beverage industry. Sorbic acid is being widely used for face, hair and skincare products and also used as a preservative to prevent from microbial growth. In addition, increasing use of sorbic acid among various other industries such as pharmaceutical, cosmetic and personal care products, chemicals is further driving the market growth. Increased awareness regarding the benefits of these preservatives for product safety and stability will propel the sorbic acid market growth.

Increasing usage for natural acids such as sorbic, benzoic and propionic acid as a preservatives in the food industry is likely to propel the demand of sorbic acid. Sorbic acid is used for various food and beverages products such as baked goods, meat, cheese, fish, wine, among others. Growing demand for sorbic acid salts due to its soluble properties is positively impacting the demand for sorbic acid, especially in the food and beverages industry. Sorbic acid has emerged as a major preservative in food and beverage applications because of antimicrobial activity and also has ability to prevent from bacteria and yeast. Hence, growing production and consumption of food products is projected to increase the sorbic acid sales in near future. The use of sorbic acid as a preservative to prevent food from contamination or spoilage has encouraged the government support to help the industry is offering enormous opportunities to the market. Increasing application of synthetic preservatives along with the growing use of ready to eat food items due to the change in the lifestyle of consumers is further paving way for sorbic acid market. Moreover, Consumer are inclined towards packaged food products due to the hectic lifestyle is fuelling the market growth. Increased demand for clean label ingredients and clean food production is creating opportunities for the sorbic acid market manufacturers. Growing preference towards naturally sourced products among consumers is boosting the market.

Increasing per capita food and beverages consumption across developing countries such as China, India and Brazil are expected to expand the market growth. In addition, rising adoption of organic preservatives and growing awareness regarding harmful effects of chemical preservatives among consumers is anticipated to raise demand for sorbic acid in upcoming years. The growing demand for sorbic acid in the sporting sector and used in protein drinks contributes towards the market growth. However, high availability of cheaper alternatives and need for sustainable preservatives is hindering the market growth.

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Application – Segment Analysis

The food and beverage segment is driven by the increasing use of sorbic acid as a food preservatives in a wide range of food and beverages products such as wine, fish, meat, dairy, vegetables, bakery, fruits and cheese. Moreover, increasing awareness among consumers regarding the usage of natural and organic acid in the food and beverage industry. Rising R&D activities and advancement in the food and beverage industry is another factor expected to increase the use of sorbic acid across the various application areas. The growing demand for processed food products along with the increasing demand for sorbic acid for extending self-life of the food products.

The pharmaceutical segment is expected to grow during the forecast period owing to the increasing demand of sorbic acid across the pharmaceutical sectors. For instance, Indian government promoting companies to manufacture pharmaceutical ingredients domestically. Rapid growth in the pharma sector is predicted to propel the demand of sorbic acid as it helps to prevent from microorganisms. This is expected to boost the pharmaceutical segment in the global sorbic acid market.

Type– Segment Analysis

Based on the type, the Microcrystaline Cellulose (MCC) is projected to grow at a higher CAGR during the forecast period. The increasing application of MCC in the pharmaceutical sector, is one of the major factors that is contributing to the market growth. It offers features such as tablet disintegrant, strong dry binder, absorbent, lubricant, and anti-adherent.

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Regional – Segment Analysis:

Asia-Pacific sorbic acid market is expected to grow at the fastest rate over the forecast period due to the rapid growth in the food and beverage sectors in countries like India, Australia and South Korea. Increased demand for packaged food and beverages across APAC countries like India and China driven by the improved living standard and changing lifestyle of people is further boosting the market growth. India sorbic acid market is driven by the increasing consumer food preferences and rising disposable income of people are driving the demand for packaged food and beverages which will propel the market growth in India. The Indian government is promoting the local companies to produce pharmaceutical ingredients in the country. For instance, India Brand Equity Foundation estimated that India pharmaceutical market touched USD 20.03 billion in 2019. China sorbic acid market is driven by the increasing use of sorbic acid in the production of bakery products, dairy and snacks products. The Chinese government is focussing on food safety regulations and standards will support the sorbic acid in China.

North America sorbic acid market is projected to grow at a substantial rate in upcoming years driven by the growing demand for natural and organic preservatives in the food and beverage industry. North America is dominated by the US because of the increasing consumption of processed food among consumers. United States sorbic acid market is growing rapidly, this is primarily due to rising the demand in the food and beverages industries with surge in consumer’s spending on the packaged food products. Increase in the demand for convenience food products, such as fast food items, ready-to-eat food products, among other products, which is surging the demand for sorbic acid, especially for preservation. As per the U.S. Department of Agriculture, increasing adoption of convenience food products among American consumers.

Top Market Players

Some of the leading players operating in the market, include Eastman Chemical Company, Celanese Corporation, Nantong Acetic Acid Chemical Co., Ltd., Wanglong Tech Co., Ltd., JIANGBEI ADDITIVE CO., LTD., Shandong Hongda Group, Daicel Nanning Food Ingredients Co., Ltd., Watson Inc., Advance Inorganics, and QINGDAO KAISON CHEMICALS CO. LTD., among others.

Key Development:

• • In 2021, BASF SE acquired Solvay’s Polyamide business which includes sorbic acid. Through this acquisition, the company planned to strengthen its product portfolio and its position in the global market.

Segments covered in the Report:

The global sorbic acid market has been segmented on the basis of type, application, and regions. Based on type, the market is segmented into Activated Carbon, Polyhydroxyalkanoate (PHA), Microcrystaline Cellulose (MCC), Methylcellulose, Carboxymethyl Cellulose (CMC), Ethylcellulose, and Others). Based on Application, the market is segmented into Food & Beverage, Industrial Chemicals, Pharmaceuticals, and Others. 

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Report Coverage	Details
Market Revenues (2022)	USD Million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Eastman Chemical Company, Celanese Corporation, Nantong Acetic Acid Chemical Co., Ltd., Wanglong Tech Co., Ltd., JIANGBEI ADDITIVE CO., LTD., Shandong Hongda Group, Daicel Nanning Food Ingredients Co., Ltd., Watson Inc., Advance Inorganics, and QINGDAO KAISON CHEMICALS CO. LTD., among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Sorbic Acid Market by Type

• • Activated Carbon
  • Polyhydroxyalkanoate (PHA)
  • Microcrystaline Cellulose (MCC)
  • Methylcellulose
  • Carboxymethyl Cellulose (CMC)
  • Ethylcellulose
  • Others

Global Sorbic Acid Market by Application

• • Food & Beverage
  • Industrial Chemicals
  • Pharmaceuticals
  • Others

Global Sorbic Acid Market by Region

• • North America Sorbic Acid Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Sorbic Acid Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Sorbic Acid Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Sorbic Acid Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Global Sorbic Acid (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Eastman Chemical Company
  • Celanese Corporation
  • Nantong Acetic Acid Chemical Co., Ltd.
  • Wanglong Tech Co., Ltd.
  • JIANGBEI ADDITIVE CO., LTD.
  • Shandong Hongda Group
  • Daicel Nanning Food Ingredients Co., Ltd.
  • Watson Inc.
  • Advance Inorganics
  • QINGDAO KAISON CHEMICALS CO. LTD.