April 19, 2024

Potassium Sorbate Prices Today, Price Chart and Forecast Analysis | Procurement Resource

3 min read

During the initial months of 2023, potassium sorbate prices underwent a notable decrease worldwide. In Asia, decreased demand from industries like food and pharmaceuticals, coupled with low raw material costs, caused a decline. Europe mirrored this pattern due to sluggish consumer demand, rising stockpiles, and market instability, especially witnessing a significant drop in June. In North America, reduced domestic orders, high inventory levels, decreased trade, and lowered freight fees all played a role in driving prices downward. These combined factors created a difficult market landscape that significantly influenced the pricing trend for potassium sorbate.

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Definition

Potassium sorbate is a chemical compound used as a preservative. It inhibits microbial growth, extending the shelf life of products. Its properties include effective mold, yeast, and bacterial control, making it vital in food, cosmetics, and pharmaceutical industries. It’s water-soluble, safe for consumption, and regulated by health authorities. Potassium sorbate is tasteless, odorless, and works across a wide pH range.

Key Details About the Potassium Sorbate Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Potassium Sorbate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Potassium Sorbate Price trends, including India Potassium Sorbate price, USA Potassium Sorbate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Potassium Sorbate Price Trend:

Potassium sorbate, a versatile chemical compound, serves a multitude of purposes in different industries as a preservative. Its remarkable capacity to prevent the growth of mold, yeast, and bacteria significantly prolongs the shelf life of numerous products. This extends to various sectors such as food, beverages, cosmetics, and pharmaceuticals. Its primary functions include ensuring the freshness and safety of food items, safeguarding beverages from spoilage, and upholding the stability of cosmetic compositions. Within the pharmaceutical domain, potassium sorbate plays a crucial role in maintaining the effectiveness of liquid medicines and creams. Moreover, its application spans beyond these sectors, being utilized in animal feed, textiles, and personal hygiene items. Its pivotal role in restraining microbial growth underscores its vital contribution to preserving the integrity of products across multiple industries.

Key Players:

  • FBC Industries
  • Seidler Chemical
  • Tianjin Chemical Industry
  • Bimal Pharma
  • Ningbo Wanglong
  • Celanese

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

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