Product Code: ETC204400 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Indonesia Potassium Sorbate market currently, in 2023, has witnessed an HHI of 9281, Which has increased moderately as compared to the HHI of 4720 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Indonesia Potassium Sorbate is a food preservative used to inhibit the growth of fungi and other microorganisms in fruit juices, baked goods, cheese and processed meats. It is widely produced in Indonesia from natural sources such as sorbitol or by chemical synthesis. The demand for potassium sorbate has been gradually increasing over the past few years due to its wide usage in food processing, pharmaceuticals and personal care products.
The demand for potassium sorbate market in Indonesia is expected to grow at a steady rate driven primarily by rising awareness about health benefits associated with its consumption. Growing trend of consuming packaged food which need preservatives also drives this market?s growth significantly. Additionally, growing population coupled with increasing disposable income creates an opportunity for this product?s penetration into different sectors like cosmetics industry etc., creating potential opportunities for further progress of potassium sorbates market across Indonesia. Moreover advancements in production technologies will open up new avenues for increase production capacity leading to higher sales volume and revenues generated from this sector.
The major factors driving the growth of Indonesia Potassium Sorbate Market are growing awareness about health benefits associated with its consumption, developing infrastructure facilitating easy distribution channels; expanding retail industry; changing lifestyle patterns among consumers favoring quick convenience foods; rise in global population along with increasing urbanization rates; rapid economic development leading to improved quality standards & regulations on food preservation methods & accessibilities of healthier food choices etc.. All these trends boost the overall demand for potassium sorbetes across various industries like Food & Beverage Processing Industries, Pharmaceutical Manufacturing Industry etc., thus propelling the growth prospects of Indonesia Potassium Sorbete Market positively.
Due to COVID-19 pandemic there was a significant decline observed in various end user industries where Potassium Sorbetes were being utilized including Food Processing Industries , Cosmetics Manufacturing Industry , Pharmaceutical Manufacturing Industry as well as Personal Care Products manufacturing sector. This had led many players operating within Indian potash borate market register lower than anticipated revenues owing disruption caused by stringent lockdown imposed globally resulting limited mobility& stoppage industrial operations. However after certain relaxations players have resumed their business activities but still are yet not able recover completely from effect induced on their businesses due lack access raw materials especially derivatives originating abroad since transportation services still.
However, challenges such as cost and availability remain limiting factors in this market. there are certain challenges that may hamper the growth of this market such as price hikes due to short supply caused by lack of raw materials and stringent regulations imposed by governments regarding use of chemical additives.
Major players operating in the Indonesia potassium sorbate market include PT Sanghiang Perkasa, Indo Amines Ltd., and Akzo Nobel Chemicals Pvt Ltd among others. These companies are engaged in manufacturing and supplying various types of high-grade quality potassium sorbates at competitive prices across Indonesia.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Potassium Sorbate Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Potassium Sorbate Market Revenues & Volume, 2020 & 2030F |
3.3 Indonesia Potassium Sorbate Market - Industry Life Cycle |
3.4 Indonesia Potassium Sorbate Market - Porter's Five Forces |
3.5 Indonesia Potassium Sorbate Market Revenues & Volume Share, By By Type, 2020 & 2030F |
3.6 Indonesia Potassium Sorbate Market Revenues & Volume Share, By By Application, 2020 & 2030F |
4 Indonesia Potassium Sorbate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Potassium Sorbate Market Trends |
6 Indonesia Potassium Sorbate Market, By Types |
6.1 Indonesia Potassium Sorbate Market, By By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Potassium Sorbate Market Revenues & Volume, By By Type, 2020-2030F |
6.1.3 Indonesia Potassium Sorbate Market Revenues & Volume, By Sorbic Acid, 2020-2030F |
6.1.4 Indonesia Potassium Sorbate Market Revenues & Volume, By Potassium Hydroxide, 2020-2030F |
6.2 Indonesia Potassium Sorbate Market, By By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Potassium Sorbate Market Revenues & Volume, By Food and Beverages, 2020-2030F |
6.2.3 Indonesia Potassium Sorbate Market Revenues & Volume, By Personal Care, 2020-2030F |
6.2.4 Indonesia Potassium Sorbate Market Revenues & Volume, By Others, 2020-2030F |
7 Indonesia Potassium Sorbate Market Import-Export Trade Statistics |
7.1 Indonesia Potassium Sorbate Market Export to Major Countries |
7.2 Indonesia Potassium Sorbate Market Imports from Major Countries |
8 Indonesia Potassium Sorbate Market Key Performance Indicators |
9 Indonesia Potassium Sorbate Market - Opportunity Assessment |
9.1 Indonesia Potassium Sorbate Market Opportunity Assessment, By By Type, 2020 & 2030F |
9.2 Indonesia Potassium Sorbate Market Opportunity Assessment, By By Application, 2020 & 2030F |
10 Indonesia Potassium Sorbate Market - Competitive Landscape |
10.1 Indonesia Potassium Sorbate Market Revenue Share, By Companies, 2023 |
10.2 Indonesia Potassium Sorbate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |