Reports
Reports
Rise in the consumption of processed food products across developed and developing nations around the world is prognosticated to fuel the demand opportunities in the global sorbates market during the forecast period of 2021 to 2031.
An upcoming analysis report by Transparency Market Research (TMR) delivers exhaustive study of key factors influencing the growth trajectory of the global sorbates market. Hence, the sorbates market survey delivers comprehensive review on the growth drivers, current and historical trends, challenges, and restraints in the market. Moreover, this study enlightens readers on the R&Ds, challenges, and recent developments in the sorbates market. Furthermore, the research report on the sorbates industry delivers dependable statistics on the volume, production, shares, revenues, and sales of sorbates.
The analysts at TMR have presented the report on the global sorbates market in the form of different segments, which are based on several vital parameters including the type, application, and region. In terms of type, the market for sorbates is being divided into three main parts, namely, sorbic acid, potassium sorbate, and others.
Sorbates refer to organic compounds that are extensively used as food preservative. These unsaturated fatty acids are gaining traction owing to their ability to inhibit the growth of varied microorganisms such as food-borne pathogens. Moreover, sorbates can easily dissolve in water and work with high efficiency in the pH range of 4 to 6.5, state analysts of a study by TMR. Owing to these properties, the demand for this compound is being increasing in the recent years from different end-users, notes a TMR report on the global sorbates market.
Sorbates find application in a wide range of products including the oils & fats, food, dairy & frozen products, bakery & confectionery, meat, poultry, & seafood, snacks, beverages, sauces, dressings, savory, pharmaceuticals, cosmetic, and feed industry. This broad range of product application suggests that the global sorbates market is likely to expand at notable pace during the forecast period. Moreover, the expansion of these industries is fueling the sales growth in the market.
The global sorbates market is moderately fragmented in nature. The existence of notable number of companies suggests that the competition levels in the market for sorbates are highly intense. Hence, players are utilizing numerous strategies such as mergers, joint ventures, partnerships, acquisitions, and collaborations in order to stay competitive.
Several companies in the global sorbates market are increasing focus on R&D projects. These initiatives are helping the market enterprises to launch innovative products, thereby the expansion of their product portfolios. These factors are expected to help in the development of the sorbates market during the forecast period, state analysts at TMR.
The list of key players in the global sorbates market includes:
Based on region, the global sorbates market shows existence in many regions including North America, Europe, Asia Pacific, and Rest of the World. Of all regions, North America is one of the leading regions of the market for sorbates. The market growth in North America is ascribed to many factors including the presence of sizable number of market players in the region. The players are anticipated to gain significant expansion opportunities in Asia Pacific during the forecast period owing to the expansion of different end-use industries in many emerging economies of Asia Pacific.
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Sorbates Market
