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

During the initial six months of 2023, potassium sorbate prices witnessed a significant decrease globally. In Asia, the decline was attributed to diminished demand in sectors such as food and pharmaceuticals, coupled with lower costs of raw materials. Meanwhile, Europe experienced a parallel trend marked by sluggish consumer demand, rising inventories, and market instability, culminating in a notable drop in June. In North America, a combination of declining domestic orders, increased inventory levels, reduced trade activities, and lower freight charges all contributed to the downward trajectory of potassium sorbate prices. Collectively, these factors created a challenging market environment, influencing the overall price 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 chart, 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, is widely employed as a preservative with versatile applications across various industries. Its capacity to impede the development of mold, yeast, and bacteria serves to prolong the shelf life of a diverse range of products, encompassing those in the food, beverage, cosmetics, and pharmaceutical sectors. By ensuring the quality and safety of food items, preventing spoilage in beverages, and maintaining the stability of cosmetic formulations, potassium sorbate plays a crucial role. In the pharmaceutical field, it preserves the effectiveness of liquid medications and creams. Moreover, it is utilized in animal feed, textiles, and personal hygiene products. The compound’s significant function in inhibiting microbial growth establishes its indispensable role in safeguarding 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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