The global sorbic acid market is expected to expand from USD 62.2 million in 2023 to USD 121.9 million by 2033. Over the forecast period 2023 to 2033, global sorbic acid sales are likely to soar at a 7.0% CAGR.
Key Trends Listed by Future Market Insights (FMI):
Sorbic acid is widely used as a preservative in the food and beverage sector. It limits the growth of microorganisms and extends the shelf life of food products. It is generally safe and is approved for usage as a preservative by regulatory bodies such as the Food and Drug Administration (FDA).
The safety and effectiveness of sorbic acid makes it a useful ingredient in a wide variety of products, including food items, pharmaceuticals, pet food, cosmetics, and even contact lens solutions.
Growing usage of sorbic acid in the thriving food & beverage sector is a prominent factor driving the global market.
Sorbic acid is being used in a wide range of food products including bakery, confectionery, and dairy items to inhibit microbial growth and improve shelf life. Hence, increasing production and consumption of these products is expected to positively impact sorbic acid sales during the assessment period.
Sorbic acid and its salts including calcium sorbate, potassium sorbate, and others are antimicrobial agents. They are used as preservatives and play a crucial role in ensuring product quality and upholding food safety standards in the food & beverage sector. This is due to their ability to inhibit the growth of bacteria, molds, and yeast.
Natural mold inhibitors such as absorb acid also enhance taste, aroma, texture, consistency, and shelf life while providing a clean label alternative to artificial chemical preservatives.
Growing demand for clean-label ingredients and natural food preservatives is another key factor creating opportunities for sorbic acid companies.
The global sorbic acid industry is projected to thrive at a robust pace due to several factors. These include the expansion of food & beverage sector and an increasing preference among consumers for naturally sourced products.
Rising usage of sorbic acid in cosmetic & personal care sector is expected to fuel market expansion. Sorbic acid is being increasingly used in various facial, hair, and skincare products. Similarly, widening applications in the pharmaceutical sector is expected to uplift sorbic acid demand globally.
Several ingredients in pharmaceutical formulations can promote microbial growth as they are susceptible to microbial attacks. As a result, preservatives possessing antimicrobial activities such as sorbic acid are being added to these medical formulations.
Ascorbic acid also finds application as an additive for cold rubber and ain intermediate in the manufacturing of lubricants and plasticizers. These emerging applications are likely to help players in the sorbic acid business to increase their revenues.
Companies are actively focusing on enhancing various production methods to improve the efficiency of sorbic acid. They are also focusing on increasing their production capacities to meet rising end user demand.
Leading players prioritize product quality and compliance with regulatory guidelines. New entrants and smaller-scale players on the other hand actively seek partnerships and collaborations with food manufacturers to gain profits.
| Attributes | Key Insights |
|---|---|
| Estimated Global Sorbic Acid Market Size (2023E) | USD 62.2 million |
| Projected Sorbic Acid Market Value (2033F) | USD 121.9 million |
| Value-based CAGR (2023 to 2033) | 7.0% |
| Top 3 Countries’ Value | USD 30.1 million |
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According to the Future Market Insights (FMI) analysis, global sorbic acid sales grew at a CAGR of 5.5% from 2018 to 2022. Over the forecast period, the worldwide market for sorbic acid is forecast to progress at 7.0% CAGR.
In the mid-20th century, sorbic acid was introduced to the market as a food preservative. Its journey through the market has been exciting since its introduction, with its usage and application expanding to encompass items of all varieties in the food and beverage sector.
Consumption of sorbic acid is rising due to strong demand for convenient processed foods with longer shelf life along with enhanced importance on ensuring proper preparedness regarding food safety.
The improvement and development of products have served both producers and consumers well, with consistency being rewarded by the market.
The sorbic acid industry is set to witness impressive growth and limitless potential during the projection period. This is due to rising demand for packaged food products with extended shelf life.
Similarly, due to intense requirements from persistent individuals who label their products as natural and clean, the need for such naturally preservative substances like sorbic acid is predicted to soar.
Thanks to its effectiveness in impeding microbial development and prolonging the lifespan of products, sorbic acid fits perfectly with the emphasis placed on food safety concerns and the reduction of waste regarding food vendors and products.
Ongoing research and development efforts are leading to improvements in methods of production as well as enhancements towards better efficacy with sorbic acid, technological progress, and formulation diversification.
The need for compliant preservatives such as sorbic acid is pushed by the regulatory landscape including stricter regulations on food additives.
The expanding food & beverage sector in emerging economies and the growing market for convenience foods contribute further to the future market potential of sorbic acid. Its versatility and effectiveness further add to a huge appetite for it due to its smooth consumption in various types of food items despite a refined flavor profile.
Sorbic acid is destined to play an important role when it comes to preserving food products and adapting as modern society reacts to increasing hunger and diet-related health issues. This is expected to provide impetus for the market expansion during the assessment period.
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 5.6% |
| BPS Analysis | -172 |
| Market Value (2033) | USD 43.1 million |
| Region | Europe |
|---|---|
| Country | Germany |
| CAGR | 3.6% |
| BPS Analysis | -606 |
| Market Value (2033) | USD 5.8 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 7.3% |
| BPS Analysis | -387 |
| Market Value (2033) | USD 7.3 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 8.2% |
| BPS Analysis | -363 |
| Market Value (2033) | USD 4.9 million |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 8.9% |
| BPS Analysis | +277 |
| Market Value (2033) | USD 5.6 million |
Booming Food & Beverage Sector Making the United States a Dominant Sorbic Acid Market
As per Future Market Insights (FMI), the United States sorbic acid market is expected to reach a valuation of around USD 43.1 million by 2033. It is likely to hold a prominent value share of 91.3% in the North American market.
Rising usage of sorbic acid in the thriving food & beverage sector is a key factor driving the United States sorbic acid industry forward.
Sorbic acid is recognized as a safe food additive (GRAS) by regulatory organizations such as the United States Food and Drug Administration (FDA). This has resulted in widespread adoption in the food sector.
Sorbic acid is being increasingly used in a wide range of food products to protect them from spoilage as well as to extend their shelf life. This in turn is boosting sales in the market.
The United States is the primary producer and exporter of sorbic acid. The whole market is likely to increase and expand as more of this acid is exported to overseas markets.
Regulatory Compliances to Ensure Food Safety & Quality Driving Sorbic Acid Demand in Germany
According to Future Market Insights’ (FMI) analysis, Germany sorbic acid industry is poised to exhibit a CAGR of 3.6% during the assessment period. By 2033, Germany is expected to reach USD 5.8 million.
Germany has established rigorous food safety regulations and standards that necessitate the use of effective preservatives for ensuring product safety & preventing microbial growth. To meet these regulations, sorbic acid, renowned for its antimicrobial properties, is extensively utilized in the food sector.
Rising demand for sorbic acid from Germany’s robust and flourishing food & beverage sector is anticipated to play a key role in boosting the target market.
As food sector continues to expand and diversify, it becomes increasingly imperative to employ food preservatives such as sorbic acid to uphold product quality, prolong shelf life, and prevent spoilage.
Germany food sector places great importance on delivering high-quality products with an extended shelf life. As a result, natural & safe preservatives such as sorbic acid are gaining wider popularity as they prevent microbial growth and preserve the freshness of foods & beverages.
Increasing Consumption of Processed Food to Boost Sorbic Acid Sales in China
Sorbic acid sales in China are anticipated to rise at a healthy CAGR of 7.3% during the forecast period from 2023 to 2033. By the end of 2033, China is likely to attain a valuation of USD 7.3 million.
The hectic lifestyle of consumers in China has led to a growth in demand for convenience and packaged food products. These products require preservation to maintain their quality and extend their shelf life. Sorbic acid serves as a reliable preservative in these applications, contributing to its market growth.
Food manufacturers in China are aiming to obtain food safety certifications and sorbic acid that is approved for the required safety and regulatory approvals makes it a more suitable option as a food preservative.
Principal Consultant
Demand in the Market to Remain High for Powdered Sorbic Acid
Based on form, demand is expected to remain high for sorbic acid powder during the assessment period. As per Future Market Insights (FMI), with a market share of around 81.2%, powder segment is projected to reach a valuation of USD 99.0 million by 2033.
Powder sorbic acid can be used in several industries, such as food & beverages, pharmaceuticals, cosmetics, and personal care products. Its broad application range is a key factor fueling demand globally.
Powdered sorbic acid is easy to store and has a longer shelf life. These benefits are making it ideal for usage across various sectors, thereby fueling the segment growth.
Sorbic acid powder is traded at a global level. Manufacturers are exporting sorbic acid powder to well-established markets. The increasing demand for processed foods, both domestically and internationally, creates export opportunities for powdered sorbic acid.
Food & Beverage to Remain Key Application Segment of Sorbic Acid
The food and beverage application segment of sorbic acid is anticipated to thrive at 5.0% CAGR during the projection period. It is likely to reach a market valuation of USD 44.8 million by 2033.
Sorbic acid has become one of the most commonly used preservatives in the food & beverage sector. It is used in a wide range of food products. Increasing consumption of processed and packaged food items across the world is expected to elevate sorbic acid demand
Sorbic acid also finds application in bakery products such as bread, cakes, pastries, and muffins to maintain the freshness of these products. It helps prevent the spoilage of baked goods due to its antimicrobial properties.
Sorbic acid is used to limit the growth of spoiling organisms in dairy products. It is also utilized in sauces, dressings, and condiments including mayonnaise, mustard, ketchup, and salad dressings to avert degradation by bacteria and preserve them for a long time.
Presence of numerous competitors has made the global sorbic acid industry highly competitive. To uphold superior product characteristics and meet regulatory factors, sorbic acid manufacturers concentrate on quality assurance.
Leading players implement rigorous quality control methods, undertake periodic audits, and make certain that food safety rules and industry regulations are complied with. They are also employing strategies such as facility expansions, mergers, acquisitions, and partnerships to gain profits.
Recent developments:
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| Attribute | Details |
|---|---|
| Estimated Market Value in 2023 | USD 62.2 million |
| Projected Market Value in 2033 | USD 121.9 million |
| Anticipated Growth Rate (2023 to 2033) | 7.0% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD Million) |
| Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Form, Application, and Region |
| Key Companies Profiled | Eastman Chemical Company; Solvay; Celanese Corporation; PT Halim Sakti Pratama; QINGDAO KAISON CHEMICALS CO. Ltd; Suzhou-Chem Inc.; AVATAR CORPORATION; KIC Chemicals Inc.; Prinova Group LLC; Continental Chemical USA; ROSE FOODSTUFF CHEMISTRY COMPANY LIMITED; Seidler Chemical Co. Inc.; Wego Chemical & Mineral Corporation |
The sorbic acid industry is estimated to reach about USD 62.2 million in 2023.
The global sorbic acid industry is projected to reach USD 121.9 million by 2033.
Global sorbic acid demand is expected to increase at a CAGR of around 7.0% through 2033.
North America is expected to have a market share of 43.3% by the end of 2033.
The global market for sorbic acid registered a CAGR of 5.5% historically, from 2018 to 2022.
The market is valued at USD 62.2 million in 2023.
The market is expected to progress at a CAGR of 7%
North America will expand to hold 43.3% CAGR until 2033.
The sorbic acid powder will hold an 81.2% share throughout 2033.
The market shall reach USD 121.9 million in 2033.
1. Executive Summary 2. Market Overview 3. Global Market - Pricing Analysis 4. Value Chain Analysis 5. Market Dynamics 6. Regulations 7. Global Market Size (in Value (USD Million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033) 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 8.1. Powder 8.2. Liquid 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 9.1. Food and Beverage 9.2. Pharmaceuticals 9.3. Nutraceuticals 9.4. Cosmetics & Personal Care 9.5. Pet Food 9.6. Animal Feed 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 10.1. North America 10.2. Latin America 10.3. East Asia 10.4. South Asia 10.5. Oceania 10.6. Middle East & Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Country-level Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Eastman Chemical Company 20.2. Solvay 20.3. Celanese Corporation 20.4. PT Halim Sakti Pratama 20.5. QINGDAO KAISON CHEMICALS CO. Ltd 20.6. Suzhou-Chem Inc. 20.7. AVATAR CORPORATION 20.8. KIC Chemicals Inc. 20.9. Prinova Group LLC 20.10. Continental Chemical USA 20.11. ROSE FOODSTUFF CHEMISTRY COMPANY LIMITED 20.12. Seidler Chemical Co. Inc. 20.13. Wego Chemical & Mineral Corporation 20.14. Other Players (On Additional Requests) 21. Assumptions and Acronyms Used 22. Research Methodology
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Sorbic Acid Market
