The potassium sorbate price index experienced a significant decline in the first half of 2023 across various regions. In Asia, prices dropped due to diminished demand in sectors like food and pharmaceuticals, coupled with lower feedstock material costs. Similarly, Europe witnessed a downward trend influenced by weak consumer demand, increased inventories, and market instability, particularly notable in June. North America also saw a decline in prices attributed to decreased domestic orders, higher inventory levels, reduced trade activities, and lower freight charges. These combined factors created a challenging market environment, impacting the potassium sorbate price index.
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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.
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.
Potassium sorbate, a versatile chemical compound, serves as a preservative in various industrial contexts. Its efficacy in inhibiting the growth of mold, yeast, and bacteria prolongs the shelf life of a wide array of products, including those in the food, beverage, cosmetics, and pharmaceutical sectors. In food production, it plays a crucial role in maintaining the quality and safety of products, while in beverages, it prevents spoilage. Furthermore, potassium sorbate contributes to the stability of cosmetic formulations and preserves the effectiveness of liquid medications and creams in the pharmaceutical industry. Beyond these applications, it is also utilized in animal feed, textiles, and personal hygiene products. Given its essential function in inhibiting microbial growth, potassium sorbate plays a pivotal role in ensuring the integrity of products across diverse industries.
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
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