Global Sodium Sorbate Market Outlook 2018-2023

The global sodium sorbate market is expected to display higher growth rate over the five seven years. Rapid surge in the market is credited to the rising demand for sodium sorbate as an antimicrobial food additive and increasing product penetration in the global market. Sodium sorbate as an antimicrobial food additive is gaining popularity in preservative free food products that need minimal processing and perishable. Increasing level of awareness associated with consumer health and longer shelf life of products is expected to fuel market demand for market over the next five years.  

Factors positively affecting the growth of sodium sorbate market are varying food preferences, enhancements in living status and rising disposable earnings. Furthermore, implementation of modern techniques in chemical manufacturing sector, and rising preference towards food safety concerns, are predicted to uplift the demand for sodium sorbate over the forecast period. Globally, sodium sorbate market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and development of sodium sorbate. 

Sodium sorbate, also identified as salt of sorbic acid, is typically used as food additive and preservative. Complete ban on sodium sorbate for its use in food & beverages industry by European Union due to potential genotoxic effects is expected to limit market opportunities for industry players over the coming years. Aggressive marketing by the industry players and numerous brand improvement efforts by sodium sorbate manufacturers is attracting more consumers, thus driving market demand over the past few years. 

The sodium sorbate market is broadly categorized into three major segments based on the application type such as food & beverages industry, pharmaceutical products, and industrial use. Food & beverages industry segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of sodium sorbate in food & beverages industry segment is attributed to the increasing market penetration and easy availability. 

The sodium sorbate market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in chemical manufacturing sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, use of sodium sorbate as preservative is completely banned due to potential genotoxic effects. 

Asia-Pacific region is estimated to hold a major share in the sodium sorbate market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing manufacturing activities, robust growth in food & beverages industry, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the sodium sorbate market are TCI Chemicals, Inc., The Good Scents Co., Sigma-Aldrich‎, Inc., Hugestone Enterprises Co., Ltd., Lianyungang Reliance Industries Co., Ltd., Sorbic International plc, and Parchem fine & specialty chemicals. 

Global Market for sodium sorbate to 2023 offers detailed coverage of sodium sorbate industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading sodium sorbate producers to provide exhaustive coverage of the sodium sorbate.

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

Key Vendors
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