PUBLISHER: Value Market Research | PRODUCT CODE: 1548019
PUBLISHER: Value Market Research | PRODUCT CODE: 1548019
The global demand for Sodium Benzoate Market is presumed to reach the market size of nearly USD 2.78 Billion by 2032 from USD 1.51 Billion in 2023 with a CAGR of 7.02% under the study period 2024-2032.
Sodium Benzoate Sodium Benzoate is used as an antimicrobial, bacteriostatic and fungistatic preservative in foods to increase their life span and is written as E211.It is used in acidic foods like sauces, carbonated drinks, pickles, jam, fruit juices and cosmetics. This is also used as a test for checking the function of liver. the amount of sodium benzoate added in food or other goods is regulated by the Food and Drug Administration (FDA). It is also used as a preservative in medicines, personal care items ensure safety and reduce the possibility of overconsumption. Prolonged/increased exposure to sodium benzoate may cause inflammation, allergies, ADHD and certain chronic diseases like cancer.
There is an increased consumption of store-bought foods and juices by the younger generation and hence the sodium benzoate market will see tremendous growth in the coming years. The rise in disposable income, rapid urbanization and rise in per capita income among the global population will propel the growth of this market. Sodium benzoate is deemed safe and more research is needed to understand its health risks. Hence there is no expected slowdown in the market in the near future. The sodium benzoate market will face a slightly downward trend during COVID-19 times since the consumer industry has slowed down due to the lockdown imposed in many countries across the globe. The challenge faced by this market will come from the health-conscious community who stay away from processed and packed foods.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Sodium Benzoate. The growth and trends of Sodium Benzoate industry provide a holistic approach to this study.
This section of the Sodium Benzoate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Sodium Benzoate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Sodium Benzoate market include Foodchem International Corporation, Avantor Inc., Merck KGaA, Ganesh Benzoplast Ltd., Spectrum Chemicals, 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. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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