With Rising Consumption Of Processed Foods, The Sorbates Market Is Expected To Reach $308 Million As Per The Business Research Company’s Sorbates Global Market Report 2022

LONDON, Feb. 24, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the sorbates market, an increase in the consumption of processed food across the globe is driving the growth of the sorbates market. Due to busy lives, changing eating patterns of the global population, and the spread of the coronavirus pandemic, demand for packaged and ready-to-eat food is increasing. Sorbates are used in processed foods to keep them fresh for longer periods of time.

For instance, according to the Medical News Report in 2020, the global consumption of processed food accounts for 20 – 60% of a person’s daily energy intake, which includes frozen or ready meals, baked goods, packaged bread, and processed cheese products. Furthermore, according to the Fast-Food Statistics 2021 report, in the US, 23% of adults eat fast food meals three or more times a week, while 34% of children aged 2 to 19 years eat fast food daily, and 80% of Americans visit a fast-food outlet once a month. Therefore, the increasing consumption of processed food is expected to drive the demand for sorbates over the coming years.

The global sorbates market size is expected to grow from $230.41 million in 2021 to $242.93 million in 2022 at a compound annual growth rate (CAGR) of 5.4%. The sorbates market growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $308.45 million in 2026 at a CAGR of 6.2%.

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Players in the sorbates market are focusing on the development of new technologies to cope with market challenges. Sorbates are 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, industry 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.

Major players in the sorbates market are Nantong Acetic Acid Chemical, Sydney Essential Oil Company, Tengzhou Aolong Fine Chemical, APAC Chemical Corporation, Zhejiang Bossen Technology, Celanese, Sorbic International, FBC Industries, Inc., Lubon Industry Co. Ltd., Wanglong Group, Shandong Hongda Biotechnology Co. Ltd., Jinneng Science and Technology Company Ltd., Advanced Inorganics, RuGao ChangJiang Food Co. Ltd., and Daicel Corporation.

The global sorbates market analysis report is segmented by type into sorbic acid, potassium sorbate, others; by application into food, oils and fats, bakery and confectionery, dairy and frozen products, snacks, meat, poultry, and seafood, beverages, others.

North America was the largest region in the sorbates market in 2021. The regions covered in the sorbate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Sorbates Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provide sorbates market overviews, sorbates market analyze and forecast market size and growth for the whole market, sorbates market segments and geographies, sorbates market trends, sorbates market drivers, sorbates market restraints, sorbates market leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.

The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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