SODIUM BENZOATE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Sodium benzoate is a widely used preservative in food and beverages products. It has antimicrobial properties and effectively inhibits the growth of mold, yeast and bacteria. Sodium benzoate occurs naturally in some fruits such as green plums, cranberries, and prunes. However, most sodium benzoate used in commercial food applications is produced synthetically from benzoic acid. As a food preservative, sodium benzoate is effective in acidic foods and beverages with a pH level of below 4.5. Some common food items containing sodium benzoate include fruit juices, carbonated drinks, pickles, condiments and salad dressings. Sodium benzoate has been approved by international food regulatory bodies as a safe food additive when used in specified quantities.

 Market Dynamics:

Global sodium benzoate market growth is driven by growing demand for longer shelf-life convenience food products across various regions. The rapid pace of urbanization and changing lifestyles have led to increased consumption of packaged and ready-to-eat foods. Sodium benzoate acts as an important preservative in such foods. However, negative perception around synthetic preservatives can hamper the market growth. Also, some consumers prefer natural or 'clean-label' preservatives, which can also hamper the market growth. Huge demand for sodium benzoate in developing countries, along with increasing application in personal care and pharmaceutical industries can offer market growth opportunities. Innovation around 'green' preservative technologies can also can offer market growth opportunities.

Key Features of the Study:

• This report provides in-depth analysis of the global sodium benzoate market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global sodium benzoate market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Spectrum Chemicals, Ganesh Benzoplast Ltd., Avantor Inc., Foodchem International Corporation, Merck KGaA, 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, Akshar International, Ganesh Benzoplast Limited (GBL), Rishi Chemical, Sujata Chemicals
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global sodium benzoate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sodium benzoate market

Detailed Segmentation-

• By Form:
• • Granule
  • Powder
  • Others 
• Application:
• • Food & Beverages
  • Cosmetic
  • Pharmaceuticals
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Spectrum Chemicals
  • Ganesh Benzoplast Ltd.
  • Avantor Inc.
  • Foodchem International Corporation
  • Merck KGaA
  • 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
  • Akshar International
  • Ganesh Benzoplast Limited (GBL)
  • Rishi Chemical
  • Sujata Chemicals