Corbion NV launched a new state-of-the-art solution for increasing the efficiency of the operation, minimizing food waste, and providing better preservatives for increasing the shelf life of the product. It was launched at the International Baking Industry Exposition at the Las Vegas Convention Center. The consumer can sample the solution through customer services offered by 360 degree by Corbion.
Kerry Group Plc announced the agreement with Pilgrim’s Pride Corporation, to sell its consumer foods’ meats and meals business in the United Kingdom and Ireland for USD 875 million. In the UK and Ireland, the Meats company is a leading maker of branded ready-to-eat, meat snacks and private-label meats. Meal business of Kerry group primarily serves the need for frozen ready meals in UK.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5052
Published Date: Jun 17, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for packaged and processed food followed by rising attention towards food safety are the major factors driving the market growth.
The market size of potassium sorbate is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Kerry Group Plc, Shaowu Huaxin Chemical Co. Ltd., Jiangbei Additive Co.,Ltd., Vigon International, CJ Chemicals, Twin Specialties Corp, ChemCeed, Celanese Corporation, Dastech International Inc., and Corbion NV
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, application, end user, and by region.
The food & beverage industry segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Unawareness about the benefits of potassium sorbate, and fluctuating process of raw material are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.