Growing Popularity of Ready-To-Eat Foods Augmenting Demand for Sorbic Acid

With the growing popularity of ready-to-eat food items, on account of the changing food consumption patterns in several countries, the demand for food preservatives is growing rapidly all over the world. This is, in turn, pushing up the demand for sorbic acid, as it is extensively used as a food preservative, because of its ability to inhibit the growth of mold and fungi, that may spoil and contaminate the food items, efficiently. 

Moreover, sorbic acid does not affect the flavor of the final product, which further boosts its popularity as a food preservative in foods such as cheeses, fresh produce, refrigerated meats, baked products, and wines. Apart from this factor, the rapid expansion of the pharmaceutical industry, especially in the Asia-Pacific (APAC) region, is also positively impacting the demand for sorbic acid across the world. The compound is heavily used as an antimicrobial preservative in this industry.

Furthermore, the region’s healthcare expenditure is predicted to grow to $2.4 trillion by 2022. Because of these factors, the sales of sorbic acid are rising sharply all over the world, which is, in turn, propelling the expansion of the global sorbic acid market. The valuation of the market is predicted to grow from $347,661.0 thousand in 2019 to $521,126.7 thousand by 2030. The market is also predicted to advance at a CAGR of 4.7% between 2020 and 2030.

Hence, it is safe to say that the demand for sorbic acid will shoot up all over the world in the coming years, mainly because of the chemical’s growing usage as a food preservative. 

Key Findings of Global Sorbic Acid Market

• Market not affected much by COVID-19 pandemic

• Powdered form of sorbic acid more popular among users

• Changing food habits driving sorbic acid consumption

• APAC is best region for sorbic acid suppliers

• Market highly consolidated

• Chinese players account for majority of sorbic acid supply

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