logo
logo
AI Products 

Sodium Benzoate Market Key Drivers, Insights, Outlook, Overview And Market Research Report 2024-2033

avatar
pavani
Sodium Benzoate Market Key Drivers, Insights, Outlook, Overview And Market Research Report 2024-2033

The Sodium Benzoate by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).


Learn More On The Sodium Benzoate Market:

https://www.thebusinessresearchcompany.com/report/sodium-benzoate-global-market-report


According to The Business Research Company’s Sodium Benzoate, The sodium benzoate market size has grown strongly in recent years. It will grow from $0.61 billion in 2023 to $0.64 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. 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 $0.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. 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 labelling, packaging innovations, substitution in personal care products.


The increasing demand from the cosmetics industry is expected to propel the growth of the sodium benzoate market going forward. Cosmetics refer to a category of health and beauty goods used to improve the appearance of a person's body. Sodium benzoate is utilized as a preservative in both cosmetics and food goods, as it inhibits both bacterial and fungal growth. For instance, according to the Loreal, a France-based cosmetic manufacturing company, the global cosmetics sector reached $228 billion in 2021. Therefore, the increasing demand from the cosmetics industry is driving the growth of the sodium benzoate market.


Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=9842&type=smp


The sodium benzoate market covered in this report is segmented –

1) By Type: Industrial Grade, Food Grade, Pharmaceutical Grade

2) By Form: Powder, Granules, Flakes, Other Forms

3) By Distribution Channel: Online Retailer, Offline Retailer

4) By Application: Antifungal Agent, Antimicrobial Agent, Rust And Corrosion Inhibitor, Preservative, Other Applications


Top Major Players:

  • Foodchem International Corporation
  • M. Food Chemical Co.Limited
  • Brown Chemical Co.Inc.
  • Wuhan Youji Industry Company Limited
  • Jarchem Industries Inc.

Asia-Pacific was the largest region in the sodium benzoate market in 2023.


Product innovation is a key trend gaining popularity in the sodium benzoate market. Major companies operating in the sodium benzoate market are focused on innovative products to sustain their position. For instance, in January 2021, Emerald Kalama, a US-based chemicals company launched Kalama Sodium Benzoate Liquid. It is an effective preservative that incorporates the firm’s high-quality sodium benzoate NF/FCC into a unique solution in water form and it can improve the processing efficiency. This liquid can inhibit the bacteria, and yeast and can mould in the different products at ambient or elevated process temperatures.


The sodium benzoate market report table of contents includes:

1. Executive Summary

2. Sodium Benzoate Market Characteristics

3. Global Sodium Benzoate Market Trends And Strategies

4. Sodium Benzoate Market - Macro Economic Scenario

5. Global Sodium Benzoate Market Size and Growth

…….

26. Global Sodium Benzoate Market Competitive Benchmarking

27. Global Sodium Benzoate Market Competitive Dashboard

28. Key Mergers and Acquisitions Sodium Benzoate Market

29. Sodium Benzoate Market Future Outlook and Potential Analysis

30. Appendix


Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info


Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company


Twitter: https://twitter.com/tbrc_info


Facebook: https://www.facebook.com/TheBusinessResearchCompany 


YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ


Blog: https://blog.tbrc.info/


Healthcare Blog: https://healthcareresearchreports.com/ 


Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

collect
0
avatar
pavani
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more