Sodium Benzoate Market is predicted to reach USD 597.9 million at a CAGR of 4.3% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Sodium Benzoate Market” that contains information from 2018 to 2028. The Sodium Benzoate Market is estimated to register a CAGR of 4.3% during the forecast period of 2023 to 2028.
MRFR recognizes the following companies as the key players in the global Sodium Benzoate Market — Avantor Inc., Grenkem, Foodchem International Corporation, Tulstar Products Inc., DuPont de Nemours Company, Merck KGaA, Hugestone Enterprise Co. Ltd., Emerald Performance Materials LLC, Food Chemical Co. Limited, and Linuo Europe GmbH
Sodium Benzoate Market Highlights
The global Sodium Benzoate Market is accounted to register a CAGR of 4.3% during the forecast period and is estimated to reach USD 597.9 million by 2028.
Sodium benzoate is a widely used preservative and food additive. It's a sodium salt of benzoic acid and is commonly used to extend the shelf life of various food and beverage products by inhibiting the growth of bacteria, yeast, and fungi. It's also used in certain personal care products and pharmaceuticals.
Segment Analysis
The global Sodium Benzoate Market has been segmented based on Form, and Application.
The powder market segment held the market's top spot & accounted for 60.9% of worldwide revenue. The effects of white sodium benzoate E211 powder are greatest at pH levels that are mildly acidic. In water, it dissolves easily, but less so in organic solvents. Fruit and vegetable salads, marinades for fish, and sodium benzoate all benefit from preservation. Beer, olives, fruit yogurt, and other items are also preserved with it. It is safe for the environment and builds up in soil and water.
the market was dominated by the food and beverage sector, which accounted for 45.3% of global revenue shares. The beverage industry makes extensive usage of sodium benzoate, according to the International Programme on Health and Safety. Soft drink acidity is increased by sodium benzoate, which also increases the flavor potency of high-fructose corn syrup. The number given to sodium benzoate as a food additive, E211, is listed in the ingredients list on the exterior of a soda can. Diet soft drinks commonly contain the chemical E211.
Regional Analysis
The global Sodium Benzoate Market, based on region, has been divided into North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. the Asia Pacific region is expected to witness a specific growth during the forecast period because of the presence of the key industries of food and beverages in that region. The pharmaceutical industry in the Asia Pacific region is currently dominating the market and hence, is expected to provide a great opportunity to the sodium benzoate market towards its growth. In addition to that, there is a huge growth of fast food industries in that region especially in countries like China and India which may fuel the growth of the market for sodium benzoate.
Europe, on the other hand, is holding the largest sodium benzoate market share. The key players of this region hold a specific growth rate for a longer period of time which became a major growth factor for the market. Moreover, an increase in awareness regarding the harmful effects of synthetic preservatives can be a major factor that can hamper the growth of the market.
The North American market, including the United States and Canada, is a significant consumer of sodium benzoate due to the large food and beverage industry. The demand for packaged and processed foods drives the use of preservatives like sodium benzoate to extend shelf life.
Key Findings of the Study
- The global Sodium Benzoate Market is expected to reach USD 597.9 million by 2028, at a CAGR of 4.3% during the forecast period.
- The North American market, including the United States and Canada, is a significant consumer of sodium benzoate due to the large food and beverage industry. The demand for packaged and processed foods drives the use of preservatives like sodium benzoate to extend shelf life.
- The powder market segment held the market's top spot & accounted for 60.9% of worldwide revenue. The effects of white sodium benzoate E211 powder are greatest at pH levels that are mildly acidic. In water, it dissolves easily, but less so in organic solvents.
- Avantor Inc., Grenkem, Foodchem International Corporation, Tulstar Products Inc., DuPont de Nemours Company, Merck KGaA, Hugestone Enterprise Co. Ltd., Emerald Performance Materials LLC, Food Chemical Co. Limited, and Linuo Europe GmbH
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Companies Covered | 15 |
Pages | 90 |
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