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Global Sorbic Acid Market Research Report (2020 to 2030) - Change in Global Food Consumption Patterns is Driving Growth yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Sorbic Acid Market Revenue Worth $521,126.7 Thousand by 2030, says P&S Intelligence NEW YORK, Jan. 28, 2021 /PRNewswire/ Economic growth is leading to the increasing spending power of people, which is driving a shift in worldwide food consumption patterns. As a result, the sale of cheeses, wines, fresh produce, baked products, and refrigerated meats is rising. This is why the global sorbic acid market is predicted to grow from $347,661.0 thousand in 2019 to $521,126.7 thousand in 2030, at a 4.7% CAGR between 2020 and 2030, according to P&S Intelligence. This is because sorbic acid is used to prevent the growth of mold, which is one of the biggest reasons behind food spoilage. This is why the sorbic acid market is being particularly propelled by the increasing cheese and wine consumption. For instance, from 2018, worldwide cheese consumption rose by 2.3% to reach $114.1 billion in 2019. Similarly, compared to 241 million hectoliters in 2014, 246 million hectoliters of win ....