Impact of COVID-19 Outbreak on Sodium Sorbate, Global Market Research Report 2020

In this report, the Impact of COVID-19 Outbreak on Sodium Sorbate, Global market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Impact of COVID-19 Outbreak on Sodium Sorbate, Global market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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Sodium sorbate is basically a food additive. It is a salt derived from sorbic acid that is used in personal care, bathing, and cosmetic products. In personal care and cosmetics, sodium sorbate prevents the growth of bacteria and increases shelf life of the product. In the food industry, sodium sorbate prevents the growth of mold, fungi, and yeast. Though sodium sorbate is present naturally in some berries, it is manufactured synthetically.
The drivers of sodium sorbate industry include advantages of sodium sorbate like longer shelf-life since it is used as preservative, high consumption rate of baked and processed food, vegetables, fruits, and fast food products. Moreover, increased applications of sodium sorbate in food industry, since it does not affect the taste of the food in terms of smell, color, taste and protects food decomposition, easy availability, and cost effectiveness is accelerating the demand for sodium sorbate, thereby affecting the market growth.
Prior to COVID-19, the market for Sodium Sorbate was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of XX% during 2021–2026, whereas post-COVID-19 scenario, the market for Sodium Sorbate is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026. The solicitation of proposals by the governments and public–private companies across the world to mitigate the impact of the COVID-19 pandemic is the key factor propelling the growth of the Sodium Sorbate market.
This report focuses on Sodium Sorbate volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Sodium Sorbate market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.
Global Sodium Sorbate Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 200 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Sodium Sorbate market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyzes the impact of Coronavirus COVID-19 on the Sodium Sorbate industry.
Global Sodium Sorbate Market: Regional Analysis
The research report includes a detailed study of regions of North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Sodium Sorbate Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.
Following are the segments covered by the report are:
Granule
Powder
Liquid
By Application:
Pharmaceutical Products
Food & Beverages
Industrial Usage
Personal Care
Others
Key Players:
The Key manufacturers that are operating in the global Sodium Sorbate market are:
FBC Industries
Celanese Corporation
Jinneng Science & Technology
Wanglong Chemicals
Nantong Acetic Acid Chemical
Shandong Kunda Biotechnology
Daicel Corporation
Brenntag
Competitive Landscape
The analysts have provided a comprehensive analysis of the competitive landscape of the global Sodium Sorbate market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

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