Potassium Sorbate Price in Germany

• Germany: 2640 USD/MT

By the conclusion of the quarter, potassium sorbate reached 2640 USD/MT in price. Germany observed a fluctuating price trend in the potassium sorbate market during the final quarter of 2023.

The latest report by IMARC Group, titled "Potassium Sorbate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of potassium sorbate prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Potassium Sorbate Prices December 2023:

• Germany: 2640 USD/MT

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The study delves into the factors affecting potassium sorbate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Potassium Sorbate Price Trend- Q4 2023

Potassium sorbate is widely used as a food preservative in many different areas of the food and beverage (FB) business, which drives the demand for the product. Because of its ability to keep mold, yeast, and fungi at bay, it is particularly helpful for increasing the shelf life of perishable foods, including as dairy products, baked goods, and beverages. The growing global demand for processed and ready-to-eat (RTE) food products, which is being driven by increasing consumer knowledge of food safety and changing lifestyle habits, has resulted in an expansion of the potassium sorbate market. Furthermore, producers have been using potassium sorbate because to its effectiveness and safety profile, as well as a noticeable trend among health-conscious consumers towards natural preservative-containing products. Potassium sorbate is used in many different products by the cosmetics industry to keep them intact and prevent spoiling, which increases the demand for the substance.

Potassium Sorbate Market Analysis

The global potassium sorbate market size reached US$ 181.4 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 275.3 Million, at a projected CAGR of 4.70% during 2023-2032. In the fourth quarter of 2023, significant price fluctuations were observed in the North American potassium sorbate market. First, prices increased as a result of growing inflation and output, which in turn drove up consumer demand. Mid-quarter prices fell, despite a slight gain in prices toward the end of the quarter due to a subsequent decrease in demand. November saw a decline in purchasing activity, therefore the festive demand initially drove up prices in the APAC region. But due to peaks in seasonal demand in December, prices went up once again. Prices in Europe fell substantially as a result of an excess and decreased raw material costs, despite the demand from the FB sector originally driving them higher. However, a late-quarter spike in demand contributed to a slight price recovery.

In Q4 2023, prices of potassium sorbate were impacted by a combination of supply and demand factors. Variations in the price of raw materials, especially potassium hydroxide and sorbic acid, were mostly caused by supply chain disruptions brought on by geopolitical tensions, trade concerns, and lockdowns owing to health emergencies. These elements caused intermittent production halts and shortages in supply, which raised prices. Furthermore, variations in energy costs have an effect on production costs. The demand side has seen periodic price spikes and changes in general market pricing tactics due to factors such as the expanding food and beverage industry, seasonal production peaks, regulatory changes in food safety, and a competitive market landscape.

Browse Full Report: https://www.imarcgroup.com/potassium-sorbate-pricing-report

Key Points Covered in the Potassium Sorbate Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Potassium Sorbate Prices
• Price of Potassium Sorbate
• Potassium Sorbate Demand Supply
• Potassium Sorbate Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Potassium Sorbate Price Analysis
• Potassium Sorbate Industry Drivers, Restraints, and Opportunities
• Potassium Sorbate News and Recent developments
• Global Event Analysis
• List of Key Players

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Browse More Pricing Reports By IMARC Group:

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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