Sorbic Acid Market To Observe Fastest Growth In APAC
As per a statement by P&S Intelligence, the sorbic acid market is projected to reach USD 521,126.7 thousand, advancing at a CAGR of 4.7%, by 2030 . The growth is mainly credited to the existence of reputable pharmaceutical and food & beverages industries in Western countries, along with the increasing per capita consumption of food & beverages in Brazil, India, and China. Based on form, the powdered category held the larger sorbic acid industry size, in recent years. This is due to the easier manufacturing method of the powdered compound when compared to the encapsulated form, as a result of this companies in the industry favor manufacturing sorbic acid in the powdered form. Moreover, powdered sorbic acid can be added to any type of processed beverage or food, which is why it is adopted widely in the food & beverages industry. Based on application, the food & beverage category is expected to witness the fastest growth in the industry by ...