Sodium Benzoate Market, By Form (Granule, Powder, Others), By Application (Food & Beverages, Cosmetic, Pharmaceuticals, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

Global sodium benzoate market is estimated to be valued at USD 1.46 Bn in 2024 and is expected to reach USD 2.23 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 1.46 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	6.20%	2031 Value Projection:	US$ 2.23 Bn

Figure. Sodium Benzoate Market Share (%), By Region 2024

Sodium benzoate is a widely used preservative in food and beverages products. It has antimicrobial properties and effectively inhibits the growth of mold, yeast and bacteria. Sodium benzoate occurs naturally in some fruits such as green plums, cranberries, and prunes. However, most sodium benzoate used in commercial food applications is produced synthetically from benzoic acid. As a food preservative, sodium benzoate is effective in acidic foods and beverages with a pH level of below 4.5. Some common food items containing sodium benzoate include fruit juices, carbonated drinks, pickles, condiments and salad dressings. Sodium benzoate has been approved by international food regulatory bodies as a safe food additive when used in specified quantities.

Market Dynamics:

Global sodium benzoate market growth is driven by growing demand for longer shelf-life convenience food products across various regions. The rapid pace of urbanization and changing lifestyles have led to increased consumption of packaged and ready-to-eat foods. Sodium benzoate acts as an important preservative in such foods. However, negative perception around synthetic preservatives can hamper the market growth. Also, some consumers prefer natural or 'clean-label' preservatives, which can also hamper the market growth. Huge demand for sodium benzoate in developing countries, along with increasing application in personal care and pharmaceutical industries can offer market growth opportunities. Innovation around 'green' preservative technologies can also can offer market growth opportunities.

Key Features of the Study:

This report provides in-depth analysis of the global sodium benzoate market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global sodium benzoate market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Spectrum Chemicals, Ganesh Benzoplast Ltd., Avantor Inc., Foodchem International Corporation, Merck KGaA, Wuhan Youji Industries Co. Ltd., FBC Industries, Inc., Tengzhou Tenglong Chemical Co., Ltd., CellMark AB, A.M. Food Chemical Co. Limited, Hugestone enterprise co. Ltd., Penta Chemicals, DuPont de Nemours, Inc., Tulstar Products, Inc., Lanxess AG, Akshar International, Ganesh Benzoplast Limited (GBL), Rishi Chemical, Sujata Chemicals
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global sodium benzoate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sodium benzoate market

Detailed Segmentation-

By Form:
- Granule
- Powder
- Others
Application:
- Food & Beverages
- Cosmetic
- Pharmaceuticals
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Spectrum Chemicals
- Ganesh Benzoplast Ltd.
- Avantor Inc.
- Foodchem International Corporation
- Merck KGaA
- Wuhan Youji Industries Co. Ltd.
- FBC Industries, Inc.
- Tengzhou Tenglong Chemical Co., Ltd.
- CellMark AB
- A.M. Food Chemical Co. Limited
- Hugestone enterprise co. Ltd.
- Penta Chemicals
- DuPont de Nemours, Inc.
- Tulstar Products, Inc.
- Lanxess AG
- Akshar International
- Ganesh Benzoplast Limited (GBL)
- Rishi Chemical
- Sujata Chemicals

Product Code: CMI7119

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Form
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Sodium Benzoate Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Sodium Benzoate Market
Impact Analysis

5. Global Sodium Benzoate Market, By Form, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Granule
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Powder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Sodium Benzoate Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Cosmetic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Sodium Benzoate Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Form, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Form, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Form, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Form, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Form, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Spectrum Chemicals
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Ganesh Benzoplast Ltd.
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Avantor Inc.
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Foodchem International Corporation
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Merck KGaA
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Wuhan Youji Industries Co. Ltd.
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- FBC Industries, Inc.
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Tengzhou Tenglong Chemical Co., Ltd.
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- CellMark AB
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- A.M. Food Chemical Co. Limited
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Hugestone enterprise co. Ltd.
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Penta Chemicals
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- DuPont de Nemours, Inc.
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Tulstar Products, Inc.
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Lanxess AG
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Akshar International
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Ganesh Benzoplast Limited (GBL)
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Rishi Chemical
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Sujata Chemicals
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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