Global Sodium Benzoate Market, Get Market Research, Business Risk & Industry Analysis Reports 2028
Market Forecast
The global sodium
benzoate market was valued at USD 186.3 million in 2020 and is
expected to register a CAGR of 4.3% between 2021 and 2028.
Sodium benzoate is a
preservative used widely across industries. It acts as a food preservative and
occurs naturally in fruits such as cranberries, prunes, plums, and apples.
Sodium benzoate is the sodium salt obtained when benzoic acid reacts with
sodium hydroxide. Apart from the food and beverage industry, sodium benzoate
has its applications across pharmaceutical as well as personal care industry.
The increasing demand for convenience food across the world has propelled the
growth of the sodium benzoate market. The advent of
various fast-food companies across the globe has further proliferated the market
growth in the last couple of years.
The outbreak of
Covid-19 has created lucrative opportunities for manufacturers of sodium
benzoate across the globe. Lockdown restrictions caused by the pandemic have
resulted in supply chain woes. Hence, the need for increasing the shelf-life of
various food products have increased drastically. This has resulted in an
increasing demand for food preservatives across the globe. More demand for such
food preservatives post the Covid-19 outbreak has been witnessed across
Asia-Pacific compared to Europe and North America as consumer preference for
synthetic preservatives has decreased significantly across these regions.
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Market USP
Increasing consumer
preference toward convenience food
Growth Opportunities
in the Market
Growing demand fordry
form of sodium benzoate: Dry form of sodium benzoate is highly popular across the food &
beverage, personal care, cosmetics, and pharmaceutical industries. Powder and
granular forms of sodium benzoate have extensive applications in these
industries. Its solubility and odorless features make dry form a suitable
option. The segment is anticipated to witness the highest growth opportunities
across regions in the future.
Food retail segment to
remain dominant distribution channels: The food & beverage industry acquired highest
market share in 2020 and is anticipated to witness fastest growth opportunities
in coming years. Strong application of preservatives in these industries to
increase shelf-life has been major factor behind its growth. Additionally, the
outbreak of Covid-19 has boosted the demand for preservatives for these
industries to increase the shelf-life of products, owing to transportation woes
due to lockdown restrictions. Similarly, other industries such as personal care
in Asia-Pacific is expected to create lucrative opportunities for sodium benzoate
in the upcoming years.
Key Players
- Linuo Europe GmbH
- DuPont de Nemours Company
- M. Food Chemical Co. Limited
- Tulstar Products Inc.
- Emerald Performance Materials LLC
- Foodchem International Corporation
- Hugestone enterprise co. Ltd.
- Grenkem
- Merck KGaA
- Avantor inc
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NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
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