The Sorbates Global Market Report 2023, provides comprehensive information on the sorbates market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/sorbates-global-market-report
As per The Business Research Company’s Sorbates Global Market Report 2023, the market size is expected to grow from $245.04 million in 2022 to $266.61 million in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of sorbates is expected to grow to $343.87 million in 2027 at a CAGR of 6.6%.
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Players in the sorbates market are focusing on the development of new technologies to cope with market challenges. Sorbate is an important preservative in food products, but these compounds can also have genotoxic effects, causing health risks to their consumers. Hence to determine the concentrations of sorbate in food items such as mustard, ketchup, and tomato sauce, players are developing new techniques. For instance, in July 2021, the Department of Food Science and Technology in Brazil developed a capillary electrophoresis technique to determine the concentrations of sorbate and benzoate in Brazilian samples of mustard, ketchup, and tomato sauce.
The sorbates market is segmented:
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
North America was the largest region in the sorbates market in 2022.
The table of contents in TBRC’s sorbates market report includes:
- Executive Summary
- Sorbates Market Characteristics
- Sorbates Market Trends And Strategies
- Sorbates Market – Macro Economic Scenario
- Sorbates Market Size And Growth
- Sorbates Market Segmentation
- Sorbates Market Regional And Country Analysis
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- Sorbates Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Sorbates Market
- Sorbates Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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