India Potassium Sorbate Market (2024-2030) Outlook | Trends, Forecast, Value, Revenue, Growth, Analysis, Companies, Industry, Size & Share

India Potassium Sorbate Market Synopsis

India is the third largest consumer of potassium sorbate with a market share of 8.6% in 2019 and is expected to grow at a CAGR of 5.9% during 2020-2025. The usage of potassium sorbate as an antimicrobial agent has been increasing in India due to its natural origin, low cost, and non-toxicity nature. Moreover, it is used for food preservation purposes and also finds application in personal care products such as oral healthcare products, shampoos & conditioners, skin creams etc., which will drive the India Potassium Sorbate market over the forecast period (2020-2025).

Market Drivers

India is the third largest consumer of potassium sorbate with a market share of 8.6% in 2019 and is expected to grow at a CAGR of 5.9% during 2020-2025. The usage of potassium sorbate as an antimicrobial agent has been increasing in India due to its natural origin, low cost, and non-toxicity nature. Moreover, it is used for food preservation purposes and also finds application in personal care products such as oral healthcare products, shampoos & conditioners, skin creams etc., which will drive the India Potassium Sorbate market over the forecast period (2020-2025).

Challenges of the Market

However there are few challenges faced by players operating in this space such as stringent regulations imposed by government authorities related environment protection along with restricted availability raw material supply could hamper overall production process thus limiting sufficient supply across major markets.Moreover high cost involved associated manufacturing processes further restricts potential investments into this business segment thus restraining revenue flow across various regions.

Key Players in the Market

Some key players operating in India Potassium Sorbate Market includes Orion Corporation ,Kemira Oyj ,Cargill Incorporated ,FBC Industries Ltd ,Morechem Manufacturing Private Limited etc.

COVID-19 Impact on the Market

The India Potassium Sorbate market is expected to be negatively impacted by the Covid-19 pandemic. The demand for food preservatives like potassium sorbate has declined due to decreased consumption in the hospitality industry and restaurants, as they have closed down due to government regulations related to social distancing. This has led to a decline in sales of food products which use potassium sorbate as a preservative leading to lower demand for this product. In addition, disruption in the supply chain due various lockdowns imposed across the country has further affected manufacturers??? ability to produce and distribute their products efficiently resulting in decreased revenue for them.

Key Highlights of the Report:

• India Potassium Sorbate Market Outlook
• Market Size of India Potassium Sorbate Market, 2023
• Forecast of India Potassium Sorbate Market, 2030
• Historical Data and Forecast of India Potassium Sorbate Revenues & Volume for the Period 2020-2030
• India Potassium Sorbate Market Trend Evolution
• India Potassium Sorbate Market Drivers and Challenges
• India Potassium Sorbate Price Trends
• India Potassium Sorbate Porter's Five Forces
• India Potassium Sorbate Industry Life Cycle
• Historical Data and Forecast of India Potassium Sorbate Market Revenues & Volume By By Type for the Period 2020-2030
• Historical Data and Forecast of India Potassium Sorbate Market Revenues & Volume By Sorbic Acid for the Period 2020-2030
• Historical Data and Forecast of India Potassium Sorbate Market Revenues & Volume By Potassium Hydroxide for the Period 2020-2030
• Historical Data and Forecast of India Potassium Sorbate Market Revenues & Volume By By Application for the Period 2020-2030
• Historical Data and Forecast of India Potassium Sorbate Market Revenues & Volume By Food and Beverages for the Period 2020-2030
• Historical Data and Forecast of India Potassium Sorbate Market Revenues & Volume By Personal Care for the Period 2020-2030
• Historical Data and Forecast of India Potassium Sorbate Market Revenues & Volume By Others for the Period 2020-2030
• India Potassium Sorbate Import Export Trade Statistics
• Market Opportunity Assessment By By Type
• Market Opportunity Assessment By By Application
• India Potassium Sorbate Top Companies Market Share
• India Potassium Sorbate Competitive Benchmarking By Technical and Operational Parameters
• India Potassium Sorbate Company Profiles
• India Potassium Sorbate Key Strategic Recommendations