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Sorbates Global Market Report 2024

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    Report

  • 200 Pages
  • January 2024
  • Region: Global
  • The Business Research Company
  • ID: 5744240
Sorbates are food preservatives known for their high solubility in water and their ability to protect food from a broad spectrum of microorganisms, including food-borne pathogens.

The primary types of sorbates include sorbic acid, potassium sorbates, and other variants. Sorbic acid, a naturally occurring compound, is widely utilized as a food preservative to safeguard against molds, bacteria, fungi, and yeasts. It is particularly effective in preserving the safety and quality of low-moisture foods. Sorbates find applications in various sectors, including food, oils and fats, bakery and confectionery, dairy and frozen products, snacks, meat, poultry, seafood, beverages, and other related industries.

The sorbates market research report is one of a series of new reports that provides sorbates market statistics, including sorbates industry, global sorbates market size, regional shares, competitors with a sorbates market share, detailed sorbates market segments, market trends, and opportunities, and any further data you may need to thrive in the sorbates industry. This sorbates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The sorbates market size has grown strongly in recent years. It will grow from $261.07 billion in 2023 to $279.31 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%.
The growth observed during the historical period can be attributed to various factors, including consumer demand for longer shelf life in food products, increased popularity of processed and convenience foods, expansion of the food and beverage industry, growing awareness about food safety and preservation, and a rising demand for natural and clean-label food products.

The sorbates market size is expected to see strong growth in the next few years. It will grow to $370.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for natural and organic food products, a growing need for food preservatives in developing countries, a rising demand for frozen and packaged food products, the influence of e-commerce and direct-to-consumer sales, and the emergence of new markets. Major trends expected in the forecast period include technological advancements in food preservation techniques, ongoing research and development to create innovative sorbate solutions, customization of sorbate products, the popularity of clean label preservatives, and a focus on sustainable packaging solutions.

The growth of the sorbates market is being propelled by an increase in the consumption of processed food globally. The demand for packaged and ready-to-eat food has risen due to factors such as busy lifestyles, changing eating patterns, and the impact of the COVID-19 pandemic. Sorbates play a crucial role in processed foods, extending their freshness over longer periods. For instance, as per the Fast-Food Statistics 2021 report, in the US, 23% of adults consume fast food three or more times a week, while 34% of children aged 2 to 19 eat fast food daily, and 80% of Americans visit a fast-food outlet monthly. Hence, the escalating consumption of processed food is anticipated to drive the demand for sorbates in the coming years.

The sorbates market is expected to experience growth due to increasing consumer awareness of food safety. Consumer awareness of food safety involves the level of knowledge and concern individuals have regarding the safety and quality of the food they consume. As consumers become more conscious of the quality and safety of their food, there is a growing demand for effective food preservation methods. Sorbates, as preservatives, contribute significantly by inhibiting the growth of mold, yeast, and bacteria in food products. For instance, according to the United Kingdom Food Security Report 2021, 93% of respondents in England, Wales, and Northern Ireland reported confidence in the safety of the food they purchase. Therefore, rising consumer awareness of food safety is poised to contribute to the growth of the sorbates market.

In response to market challenges, players in the sorbates market are focusing on the development of new technologies. While sorbates are important preservatives, they may have genotoxic effects, posing health risks to consumers. To address this, new techniques, such as capillary electrophoresis, are being developed to determine sorbate concentrations in food items like mustard, ketchup, and tomato sauce. For instance, the Department of Food Science and Technology in Brazil developed a capillary electrophoresis technique for this purpose in July 2021.

Major companies in the sorbates market are adopting a strategic partnership approach to expand their product portfolios. Strategic partnerships involve leveraging each other's strengths and resources for mutual benefits. For example, in June 2023, Celanese Corporation, a US-based manufacturer of sorbic acid and potassium sorbate, partnered with Mitsui & Co., Ltd. to establish a Food Ingredients joint venture named Nutrinova. This collaboration combines Mitsui's extensive holdings in the food value chain with Celanese's technology, product portfolio, and backward integration in the Food Ingredients business. Mitsui & Co., Ltd is a Japan-based general trading company.

In October 2023, SK Capital Partners, LP, a New York-based private investment firm, acquired J&K Ingredients, Inc. for an undisclosed amount. This acquisition is expected to help SK Capital expand its presence in the food and beverage industry by building an attractive ingredients platform. J&K Ingredients, Inc is a New Jersey-based company manufacturing high-quality, clean label ingredients, including sorbates, for the baking industry and other food sectors.

Major companies operating in the sorbates market include Nantong Acetic Acid Chemical Co.Ltd., Sydney Essential Oil Company Pty Ltd., Tengzhou Aolong Fine Chemical Co.Ltd., APAC Chemical Corporation, Zhejiang Bossen Technology Co.Ltd., Celanese Corporation, Sorbic International PLC, FBC Industries Inc., Lubon Industry Co.Ltd., Wanglong Group Co.Ltd., Shandong Hongda Biotechnology Co.Ltd., Jinneng Science and Technology Company Ltd., Advanced Inorganics Inc., RuGao ChangJiang Food Co.Ltd., Daicel Corporation, A.M. Food Chemical Co. Limited, Farchemia Srl, Triveni Interchem Pvt. Ltd., Fine Organics Industries Pvt. Ltd., Bartek Ingredients Inc., Qiancheng Chemical Co.Ltd., Tharakan and Company, Tate & Lyle PLC, Hangzhou Kalong Trade Co.Ltd., Ningbo Kodobio Chemical Co.Ltd., Auro Chemicals, Lianyungang Dongtai Food Ingredients Co.Ltd., Spectrum Chemical Mfg. Corp., I. G. Petrochemicals Ltd.

North America was the largest region in the sorbates market in 2023. The regions covered in the sorbates market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the sorbates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The sorbates market consists of sales of oils and fats, bakery and confectionery, dairy and frozen products, snacks, meat, poultry, and seafood, beverages. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Sorbates Market Characteristics3. Sorbates Market Trends And Strategies
4. Sorbates Market - Macro Economic Scenario
4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market
5. Global Sorbates Market Size and Growth
5.1. Global Sorbates Market Drivers and Restraints
5.1.1. Drivers Of The Market
5.1.2. Restraints Of The Market
5.2. Global Sorbates Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Sorbates Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Sorbates Market Segmentation
6.1. Global Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Sorbic Acid
Potassium Sorbate
Other Types
6.2. Global Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food
Oils And Fats
Bakery And Confectionery
Dairy And Frozen Products
Snacks
Meat, Poultry, And Seafood
Beverages
Other Applications
7. Sorbates Market Regional And Country Analysis
7.1. Global Sorbates Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Sorbates Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Sorbates Market
8.1. Asia-Pacific Sorbates Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Sorbates Market
9.1. China Sorbates Market Overview
9.2. China Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Sorbates Market
10.1. India Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Sorbates Market
11.1. Japan Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Sorbates Market
12.1. Australia Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Sorbates Market
13.1. Indonesia Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Sorbates Market
14.1. South Korea Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Sorbates Market
15.1. Western Europe Sorbates Market Overview
15.2. Western Europe Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Sorbates Market
16.1. UK Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Sorbates Market
17.1. Germany Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Sorbates Market
18.4. France Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.5. France Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Sorbates Market
19.7. Italy Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.8. Italy Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Sorbates Market
20.10. Spain Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.11. Spain Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Sorbates Market
21.1. Eastern Europe Sorbates Market Overview
21.2. Eastern Europe Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Sorbates Market
22.1. Russia Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Sorbates Market
23.1. North America Sorbates Market Overview
23.2. North America Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Sorbates Market
24.1. USA Sorbates Market Overview
24.2. USA Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Sorbates Market
25.1. Canada Sorbates Market Overview
25.2. Canada Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Sorbates Market
26.1. South America Sorbates Market Overview
26.2. South America Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Sorbates Market
27.1. Brazil Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Sorbates Market
28.1. Middle East Sorbates Market Overview
28.2. Middle East Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Sorbates Market
29.1. Africa Sorbates Market Overview
29.2. Africa Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Sorbates Market Competitive Landscape And Company Profiles
30.1. Sorbates Market Competitive Landscape
30.2. Sorbates Market Company Profiles
30.2.1. Nantong Acetic Acid Chemical Co.Ltd.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Sydney Essential Oil Company Pty Ltd.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Tengzhou Aolong Fine Chemical Co.Ltd.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. APAC Chemical Corporation
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Zhejiang Bossen Technology Co.Ltd.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Global Sorbates Market Competitive Benchmarking32. Global Sorbates Market Competitive Dashboard33. Key Mergers And Acquisitions In The Sorbates Market
34. Sorbates Market Future Outlook and Potential Analysis
34.1 Sorbates Market In 2028 - Countries Offering Most New Opportunities
34.2 Sorbates Market In 2028 - Segments Offering Most New Opportunities
34.3 Sorbates Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies
35. Appendix
35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer

Executive Summary

Sorbates Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on sorbates market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • All data from the report will also be delivered in an excel dashboard format.

Description:

Where is the largest and fastest growing market for sorbates? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

  • Markets Covered: 1) By Type: Sorbic Acid; Potassium Sorbate; Other Types 2) By Application: Food; Oils And Fats; Bakery And Confectionery; Dairy And Frozen Products; Snacks; Meat, Poultry, And Seafood; Beverages; Other Applications
  • Companies Mentioned: Nantong Acetic Acid Chemical Co.Ltd.; Sydney Essential Oil Company Pty Ltd.; Tengzhou Aolong Fine Chemical Co.Ltd.; APAC Chemical Corporation; Zhejiang Bossen Technology Co.Ltd.
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • Nantong Acetic Acid Chemical Co.Ltd.
  • Sydney Essential Oil Company Pty Ltd.
  • Tengzhou Aolong Fine Chemical Co.Ltd.
  • APAC Chemical Corporation
  • Zhejiang Bossen Technology Co.Ltd.
  • Celanese Corporation
  • Sorbic International plc
  • FBC Industries Inc
  • Lubon Industry Co.Ltd.
  • Wanglong Group Co.Ltd.
  • Shandong Hongda Biotechnology Co.Ltd.
  • Jinneng Science and Technology Company Ltd.
  • Advanced Inorganics Inc.
  • RuGao ChangJiang Food Co.Ltd.
  • Daicel Corporation
  • A.M. Food Chemical Co. Limited
  • Farchemia Srl
  • Triveni Interchem Pvt. Ltd.
  • Fine Organics Industries Pvt. Ltd.
  • Bartek Ingredients Inc.
  • Qiancheng Chemical Co.Ltd.
  • Tharakan and Company
  • Tate & Lyle plc
  • Hangzhou Kalong Trade Co.Ltd.
  • Ningbo Kodobio Chemical Co.Ltd.
  • Auro Chemicals
  • Lianyungang Dongtai Food Ingredients Co.Ltd.
  • Spectrum Chemical Mfg. Corp.
  • I. G. Petrochemicals Ltd.

Methodology

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