In the first half of 2023, potassium sorbate prices faced a substantial decline across regions. Asia experienced a drop due to reduced demand in downstream sectors like food and pharmaceuticals, compounded by low feedstock material costs. Europe saw a similar trend due to weak consumer demand, increasing inventories, and unstable market dynamics, with a significant decline noted in June. In North America, dwindling domestic orders, elevated inventory levels, reduced trade activities, and lower freight charges contributed to the downward price trajectory. These factors collectively led to a challenging market environment, impacting the price trend of 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 chemical compound, finds diverse industrial applications as a preservative. Its ability to hinder mold, yeast, and bacterial growth extends the shelf life of various products, spanning the food, beverage, cosmetics, and pharmaceutical sectors. It ensures the quality and safety of food products, prevents spoilage in beverages, and maintains the stability of cosmetic formulations. In the pharmaceutical realm, potassium sorbate preserves the efficacy of liquid medications and creams. Additionally, it's used in animal feed, textile, and personal hygiene products. Its role in inhibiting microbial growth makes it indispensable in safeguarding product integrity across multiple industries.
Key Players:
- FBC Industries
- Seidler Chemical
- Tianjin Chemical Industry
- Bimal Pharma
- Ningbo Wanglong
- Celanese
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