Sodium Benzoate Market - Forecast(2023 - 2028)

Sodium Benzoate is used as a food preservative in packed goods. Especially for those food products in the acidic pH range such as soft drinks, pickles jams and so on. It is also used in cosmetic and personal care products as well as pharmaceuticals due to its preservative properties and as an adjuvant. Major markets for this Products are the US, Europe and the Asia Pacific region.

Sodium Benzoate is the Sodium Salt of Benzoic Acid. It is produced by reacting Benzoic Acid with Sodium hydroxide. Sodium Benzoate is a crystalline salt that is sold in the form of powder, granules, flakes and noodles and even as submicron and nanopowders. It is an important additive in the food Industry and an intermediate in the pharmaceutical Industry, used as a preservative due to its antimicrobial and antifungal properties. It is also used as a flavoring agents and adjuvant in the food and beverage Industry. It also has rust and corrosion inhibiting properties due to which it finds use in the Manufacturing Sector. Apart from these it also has application in Cosmetic and personal care products.

An important growth driver for the Sodium Benzoate market is its use in the food industry as a synthetic preservative. It’s primarily used in products in the lower pH range as anti-microbial in carbonated drinks, jams, pickles, salad dressings and many more. Due to its low cost, ease of processing and colorlessness it is a popular preservative in the food industry. It is also used in the pharmaceutical industry as a preservative in the in liquid pharmaceutical preparations. Both Pharmaceuticals and the Food Industry are growing sectors due to increasing global population and are major growth drivers for the Sodium Benzoate Market.

Sodium benzoate though a popular additive within the industries, has many substitutes available for both food and pharmaceuticals in the market due to which there is a constraint on the market share of Sodium Benzoate.

Increasing awareness regarding the usage of synthetic food additives and its side effects among the general populace is posing as a critical challenge for the Sodium Benzoate market. The demand for natural additives in food items is pushing the growth of Natural food additives market which can disrupt the Sodium Benzoate Market in the food industry.

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Sodium Benzoate Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.

Sodium Benzoate Market– By Form: Powder, Granules, Flakes, Noodles, Nanopowders and others.

Sodium Benzoate  Market– By Grades and Standards: Grade:Food Grade, Laboratory Grade, Analytical Grade and others; Standards: US Pharmacopeia (USP) and National Formulatory (NF), European Pharmacopeia (EP/PhEur), British Pharmacopeia (BP), Japanese Pharmacopeia (JP), Food Chemical Codex (FCC), Halal, Kosher and others.

Sodium Benzoate Market – By Application: Antifungal Agent, Antimicrobial Agent, Flavoring agent, Rust and corrosion Inhibitor, Mosquito Repellant, Adjuvant, Mildew Inhibitor, Preservative, Fragrant, Chemical intermediate and others.

Sodium Benzoate Market – By End User Industry: Pharmaceutical Industry, Manufacturing Industry, Food and beverages Industry, Packaging Industry, Personal Care and Hygiene Industry, Cosmetic Industry and others.

The Sodium Benzoate Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

Some of the Key players in this market that have been studied for this report include: Sigma Aldrich, Eastman Company, Foodchem International Corporation, A.M. Food Chemical Co. Limited, Wuhan Youji Industries Co., Ltd. DuPont de Nemours Company, Avantor inc., American elemnts, Rishi Chemicals, Penta Chemicals and many more.