Global Potassium Sorbate Market 2023-2027
Technavio has been monitoring the potassium sorbate market and is forecast to grow by $57.87 mn during 2022-2027, accelerating at a CAGR of 5.38% during the forecast period. Our report on the potassium sorbate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for potassium sorbate in processed food, easy production process, and approvals from regulatory bodies and governments.
Technavio's potassium sorbate market is segmented as below:
By End-user
- Food and beverages
- Pharmaceuticals
- Personal care and cosmetics
- Others
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the diversified applications as one of the prime reasons driving the potassium sorbate market growth during the next few years. Also, increasing demand for clean-label ingredients and the growth of packaged food and beverage industry will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the potassium sorbate market covers the following areas:
- Potassium sorbate market sizing
- Potassium sorbate market forecast
- Potassium sorbate market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading potassium sorbate market vendors that include Anant Pharmaceuticals Pvt. Ltd., Anmol Chemicals Group, APAC Chemical Corp., Astrra Chemicals, ATP Group, BIMAL PHARMA PVT. LTD., Celanese Corp., Chemball HangZhou Chemicals Co. Ltd., CNK Fragrances Pvt. Ltd., FBC Industries Inc., Hawkins Watts Ltd., Jinneng Science and Technology Co. Ltd., LUBON INDUSTRY Co. LTD., Manus Aktteva Biopharma LLP, REJOICE LIFE INGREDIENTS, SHANGHAI NICECHEM CO. LTD., Spectrum Laboratory Products Inc., Tianjin Haitong Chemical Industrial Co. Ltd., Titan Biotech Ltd., and Wanglong Tech Co. Ltd. Also, the potassium sorbate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.