30 May 2019 - Global Sodium
Sorbate Market is
estimated to grow considerably in the coming years owing to the high demand for
processed food. Sodium sorbate is basically a food additive. It is a salt
derived from sorbic acid that is used in personal care, bathing, and cosmetic
products. In personal care and cosmetics, sodium sorbate prevents the growth of
bacteria and increases shelf life of the product. In the food industry, sodium
sorbate prevents the growth of mold, fungi, and yeast. Though sodium sorbate is
present naturally in some berries, it is manufactured synthetically.
Market Segment:
Report contents include
•
Analysis of the sodium sorbate market including revenues, future growth, market
outlook
•
Historical data and forecast
•
Regional analysis including growth estimates
•
Analyzes the end user markets including growth estimates.
•
Profiles on sodium sorbate including products, sales/revenues, and market
position
•
Market structure, market drivers and restraints.
Key regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
The
drivers of sodium sorbate industry include advantages of sodium sorbate like
longer shelf-life since it is used as preservative, high consumption rate of
baked and processed food, vegetables, fruits, and fast food products. Moreover,
increased applications of sodium sorbate in food industry, since it does not
affect the taste of the food in terms of smell, color, taste and protects food
decomposition, easy availability, and cost effectiveness is accelerating the
demand for sodium sorbate, thereby affecting the market growth.
However,
increase in health issues, such as vomiting, diarrhea, nutritional
deficiencies, etc. due to excessive consumption is hampering the market growth.
Additionally, applications of sodium sorbate as a food ingredient is banned in
European Union due to possible genotoxic effects.
Growing
demand for clean label food additives is an emerging trend in the market.
Shifting trend of consumers from processed foods to organic and natural foods
is another trend witnessed in the market. Processed food products contain
synthetic and artificial ingredients like colorants, flavors, and preservatives
that result in health issues.
Sodium
sorbate market is categorized on the basis of product type, application, and
geography. On the basis of product type, sodium sorbate industry is divided
into powder, granule, and liquid form. Among these, granules segment is
predicted to hold larger share in the market due to high applications in the
food industry.
In
terms of application, sodium sorbate market is divided into pharmaceutical products,
food & beverages, industrial usage, and personal care. Food and beverages
sector is further split into dairy products, bakery, canned foods carbonated
beverages, powdered mixes & non-carbonated beverages. Food and beverages
industry is predicted to lead the sodium sorbate industry owing to the increase
in demand for food due to explosive population on the global scale.
Geographically,
sodium sorbate market is segmented as North America, Latin America, Europe,
Asia Pacific, and Middle East & Africa. Asia Pacific is expected to
dominate the market in the forecast period owing to the high demand from the
food industry and increased applications from various industries. North America
is also predicted to lead the market owing to high consumption from various
sectors.
The
major players in sodium sorbate industry include FBC Industries, ICIS, Lubon
Industry Co., Ltd.,Inc., Jinneng Science and Technology Company Limited,
Parchem fine & specialty chemicals, APAC Chemical Corporation, WANGLONG
CHEMICALS, Sorbic International PLC, and TENGZHOU AOLONGCHEMICAL CO., LTD.
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