The latest report published by Reports and Data is a work of meticulous research on the global Potassium Sorbate industry. It delves into the core structure of the industry to highlight its key segments and various micro-economic and macro-economic factors that influence industry growth. The report elucidates the key market dynamics such as market size, market share, market growth drivers, restraints, threats, and opportunities using advanced analytical methods including SWOT analysis and Porter’s Five Forces analysis. It further offers market revenue growth in terms of gross profits, regional market revenues, industry revenue growth rate, sales statistics, manufacturing costs, production & consumption, supply & demand, and key market players’ financial standing.
The Potassium Sorbate market report offers latest updates on the COVID-19 situation of the market, as well as the profound changes that followed the outbreak. In the COVID-19 Impact Analysis section of the report, major focus has been laid on the severe effects of the pandemic on the industry’s functioning. Moreover, market experts at Reports and Data offer research-backed insights into the Potassium Sorbate industry and identify the key barriers to industry growth. The aim of this report is to enable businesses to optimize their growth strategies and capitalize on the emerging opportunities.
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Further key findings from the report suggest
- Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of distributors in the supply chain model, the profit margin is way more than that of the offline retailing sales channel. The online retailing is expected to gain a market share of 33.9% by 2027.
- Potassium sorbate is used as food preservatives for its antimicrobial properties, which protects the food product from growing any fungi that can potentially spoil the quality and smell of the food. Potassium Sorbate acidulant increases the shelf-life of the food. Food & beverage items sub-segment had the highest market and growing with a CAGR of 3.9% during the forecast period.
- European region is forecasted to witness significant growth in the overall market, with 15.6% of market possession by 2027, having grown with a CAGR of 2.1% during the forecast period. The Netherlands holds some of the most prominent players in this region.
- North America, with its high demand for potassium sorbate fungistatic agents & antifoulants, is accounted to retain a significant position in the global market by 2027, and the CAGR is calculated to be 4.5% during the forecast period.
- Key participants include APAC Chemical Corporation, Sorbic International PLC, Celanese Corporation, Wanglong Chemicals, Parchem, Jinneng Science & Technology Co. Ltd., FBC Industries Inc., Independent Chemical Information Service, Lubon Industry Co. Ltd., and Tengzhou Aolong Fine Chemical Co. Ltd., among others.
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For the purpose of this report, Reports and Data have segmented the global potassium sorbate market on the basis of distribution channel, application, end-use verticals, and region:
Distribution Channel Outlook (Revenue, USD Million; 2016-2027)
- Online Retailing
- Offline Retailing
Application Outlook (Revenue, USD Million; 2016-2027)
- Fungistatic Agent
- Buffering Agent
- Other Applications
End-Use Verticals Outlook (Revenue, USD Million; 2016-2027)
- Food & Beverage Items
- Pharmaceutical Industry
- Personal Care Products
Regional Outlook (Revenue, USD Million; 2016-2027)
- North America
- Asia Pacific
- Latin America
Reasons to purchase this report:
- The industry analysis report offers actionable insights into the global Potassium Sorbate industry and discusses the major growth propellers, limitations, opportunities, and challenges existing in the market.
- The report closely investigates the present and historical market scenarios to help readers predict the market situation over the next seven years.
- The report systematically profiles the leading companies operating in the Potassium Sorbate market, and, at the same time, highlights their long-term business expansion strategies.
- In-depth scrutiny of the Potassium Sorbate business landscape with accurate market projections for the forecast period.
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