China’s Potassium Sorbate overcapacity is becoming more and more obvious, and the industrial adjustment needs to be accelerated in the future

The rapid development of China's food industry has led to the gradual expansion of the scale of the food additive industry. At present, China has become a big consumer of food additives in the world. As a subdivision of food additives, the market demand of Potassium Sorbate also maintains a growth trend. The capacity of local enterprises has increased rapidly, accounting for nearly 95% of the global total capacity. It can be seen that China's domestic Sorbic Acid ( and Potassium Sorbate) industry have great influence in the international market, but the domestic overcapacity situation is obvious.

From the perspective of market structure, there are a large number of market participants in China's Sorbic Acid (Potassium Sorbate) industry, and the market competition is fierce. Among them, Jinneng technology, Nantong Acetic Acid, Daicel(Nanning) , Ningbo Wanglong and other enterprises occupy a large proportion in China's market, and the market competitiveness is relatively strong. Among them, Nantong Acetic Acid is a leading enterprise in China's Sorbic Acid (Potassium Sorbate) market, its products are mainly used in the production process of food, feed, medicine, pesticide and dye, it has a production capacity of 38,000tons/year and has obvious market competitive advantage.

In recent years, with the rapid development of the food industry, it has driven the rapid growth of the food additive industry and helped the development of the Potassium Sorbate market to a certain extent. At present, the capacity of domestic Potassium Sorbate production enterprises is constantly improving, which improves the influence of domestic brands to a certain extent, but also causes overcapacity in the domestic market. In the future, it is still the general trend for enterprises to speed up the adjustment of industrial structur