PUBLISHER: The Business Research Company | PRODUCT CODE: 1664712
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664712
Sodium benzoate is a colorless, crystalline powder created by reacting benzoic acid with sodium hydroxide. It is commonly utilized as a preservative in food and beverages because of its effectiveness in preventing the growth of mold, yeast, and certain bacteria.
The primary classifications of sodium benzoate include industrial grade, food grade, and pharmaceutical grade. Industrial-grade variants, designed for industrial use, possess resilience to harsher conditions compared to those intended for consumer applications. Available in diverse forms such as powder, granules, flakes, and more, sodium benzoate is distributed through multiple channels including online and offline retailers. It finds application across various sectors for functions such as antifungal and antimicrobial properties, as well as serving as rust and corrosion inhibitors, preservatives, among other uses.
The sodium benzoate market research report is one of a series of new reports from The Business Research Company that provides sodium benzoate market statistics, including sodium benzoate industry global market size, regional shares, competitors with a sodium benzoate market share, detailed sodium benzoate market segments, market trends, and opportunities, and any further data you may need to thrive in the sodium benzoate industry. This sodium benzoate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The sodium benzoate market size has grown steadily in recent years. It will grow from $0.63 billion in 2024 to $0.67 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to stability and shelf-life demands, expansion of beverage sector, globalization of food industry, changing consumer lifestyles, regulatory approvals.
The sodium benzoate market size is expected to see strong growth in the next few years. It will grow to $0.87 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to growth in organic preservatives, demand in developing regions, clean label trends, regulatory changes, expansion of beverages. Major trends in the forecast period include consumer education on food safety, allergen-free products, increased transparency in labeling, packaging innovations, substitution in personal care products.
The growing demand from the cosmetics industry is anticipated to drive the expansion of the sodium benzoate market in the future. Cosmetics encompass a range of health and beauty products designed to enhance an individual's appearance. Sodium benzoate serves as a preservative in both cosmetics and food items, effectively inhibiting the growth of bacteria and fungi. For instance, in 2023, Cosmetics Europe, a Belgium-based personal care association, reported that approximately 500 million consumers use personal care products daily in Europe to promote their well-being and safeguard their health. Furthermore, the personal care sector contributes around USD 31.23 billion (€29 billion) annually to the European economy. Consequently, the increasing demand from the cosmetics industry is fueling the growth of the sodium benzoate market.
Anticipated growth in the sodium benzoate market is attributed to the escalating demand within the food and beverage industry. This sector, encompassing the processing, packaging, and distribution of raw food, extensively relies on sodium benzoate as a preservative due to its efficacy against bacteria, mold, and yeast. In 2023, the Food & Drink Federation reported that Scotland registered 1,185 companies involved in food and beverage manufacturing. The sector also witnessed a 31% increase in food and beverage exports, reaching $10.18 billion (£8.1 billion) in 2022. With food and beverages turnover accounting for $12.5 billion (£10.3 billion) in the same year, the rising demand from end users, particularly the food and beverage industry, is a key driver of the sodium benzoate market's growth.
Leading companies in the sodium benzoate industry are concentrating on creating innovative products, such as dessert items, to enhance food safety and quality while meeting the needs of health-conscious consumers. Dessert items are sweet courses typically served at the end of a meal, which include cakes, pastries, ice creams, and puddings. These treats are often crafted from ingredients like sugar, flour, dairy, and fruit, providing a delightful and satisfying conclusion to dining experiences. For example, in August 2024, Marine Hydrocolloids, an India-based manufacturing firm, introduced flavored jelly crystal mixes and custard products that offer convenient, ready-to-use options. These new offerings cater to various tastes and are designed for easy preparation, appealing to both home cooks and culinary professionals.
Leading companies in the sodium benzoate market are strategically collaborating to introduce innovative products. Strategic partnerships involve leveraging the strengths and resources of each entity to achieve mutual benefits and success. An illustrative example is the partnership between Fosun Pharma USA Inc., the US-based subsidiary of Shanghai Fosun Pharmaceutical (Group) Co., Ltd, a Chinese pharmaceutical company, and MAIA Pharmaceuticals, Inc., a New Jersey-based specialty pharmaceutical company. In September 2022, they jointly announced the commercialization of the FDA-approved 20ml Sodium Phenylacetate and Sodium Benzoate (SPSB) liquid product, representing a significant advancement in providing critical medicinal medication.
In August 2023, VION Biosciences, a US-based provider of chemicals, reagents, and services for the life sciences industry, acquired Aldon Corporation for an undisclosed amount. This acquisition aims to enhance VION Biosciences' product offerings and solidify its position in the life sciences sector, facilitating innovative solutions for scientific research, clinical testing, and therapeutic development. Aldon Corporation, also based in the US, specializes in manufacturing chemicals, including sodium benzoate.
Major companies operating in the sodium benzoate market include Foodchem International Corporation, A.M. Food Chemical Co.Limited, Brown Chemical Co.Inc., Wuhan Youji Industry Company Limited, Jarchem Industries Inc., FBC Industries Inc., Archer Daniels Midland Company, Akzo Nobel N.V., Spectrum Chemicals, DuPont de Nemours Company, Tengzhou Tenglong Chemical Co. Ltd., Cellmark USA LLC, Ganesh Benzoplast Limited, Vizag Chemicals, Krishna Chemicals, Eastman Chemical Company, MERCK KGaA, LANXESS, Akema S.r.l., Zancheng Life Sciences Ltd., Reagents, Charkit Chemical Corp, Tulstar Products Inc., Shandong Tong Tai Wei Run, Vertellus, Tokyo Chemical Industry Co. Ltd., Macco Organiques Inc., W. Ulrich GmbH, COFERMIN CHEMICALS GMBH & CO. KG, Wuhan Biet Co. Ltd, Atul Limited
Asia-Pacific was the largest region in the sodium benzoate market in 2024. The regions covered in the sodium benzoate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the sodium benzoate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The sodium benzoate market consists of sales of cosmetic-grade sodium benzoate and benzoic acid. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Sodium Benzoate Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sodium benzoate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sodium benzoate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sodium benzoate market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.