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 key sectors such as food and pharmaceuticals, coupled with lower costs of raw materials. Europe experienced a parallel trend, influenced by weakened consumer demand, rising inventories, and unstable market dynamics, notably marked by a substantial drop in June. In North America, the descending price trajectory was driven by declining domestic orders, heightened inventory levels, reduced trade activities, and lower freight charges. These combined factors created a challenging market landscape, impacting the overall 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 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 utilized as a preservative with diverse applications in various industries. Its capacity to impede the growth of mold, yeast, and bacteria contributes to extending the shelf life of products in sectors such as food, beverages, cosmetics, and pharmaceuticals. The compound plays a crucial role in ensuring the quality and safety of food items, preventing spoilage in beverages, and maintaining the stability of cosmetic formulations. In the pharmaceutical field, potassium sorbate is employed to preserve the effectiveness of liquid medications and creams. Moreover, it is utilized in sectors like animal feed, textiles, and personal hygiene products. Its essential function in inhibiting microbial growth makes it a vital component 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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