During the initial half of 2023, potassium sorbate prices underwent a considerable downturn globally. Asia witnessed a decrease driven by reduced demand in vital sectors like food and pharmaceuticals. This was amplified by lower costs of raw materials, contributing to the decline. In Europe, a parallel trend emerged owing to sluggish consumer demand, a surge in inventories, and an unstable market landscape, notably plummeting in June. Meanwhile, in North America, a combination of declining local orders, heightened inventory levels, reduced trade activities, and decreased freight charges all played roles in the downward trajectory of prices. These interconnected factors collectively created a challenging market scenario, significantly impacting the potassium sorbate price trend.
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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 as an invaluable preservative in various industries. Its remarkable capability to deter mold, yeast, and bacterial proliferation extends the shelf life of numerous products across the food, beverage, cosmetics, and pharmaceutical sectors. In the food industry, it ensures the longevity and safety of products, while in beverages, it prevents spoilage, ensuring their quality. Moreover, in cosmetics, potassium sorbate maintains the stability of formulations, safeguarding their integrity. In pharmaceuticals, this compound plays a crucial role in preserving the effectiveness of liquid medications and creams. Beyond these sectors, it also finds applications in animal feed, textiles, and personal hygiene products. Its pivotal function in inhibiting microbial growth makes it an indispensable component for upholding product integrity across diverse industries.
Key Players:
Potassium Sorbate Price
- FBC Industries
- Seidler Chemical
- Tianjin Chemical Industry
- Bimal Pharma
- Ningbo Wanglong
- Celanese
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