The global demand for Sodium Benzoate Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2027 with a CAGR of XX% during 2020-2026.
Sodium Benzoate Sodium Benzoate is used as an antimicrobial, bacteriostatic and fungistatic preservative in foods to increase their life span and is written as E211.It is used in acidic foods like sauces, carbonated drinks, pickles, jam, fruit juices and cosmetics. This is also used as a test for checking the function of liver. the amount of sodium benzoate added in food or other goods is regulated by the Food and Drug Administration (FDA). It is also used as a preservative in medicines, personal care items ensure safety and reduce the possibility of overconsumption. Prolonged/increased exposure to sodium benzoate may cause inflammation, allergies, ADHD and certain chronic diseases like cancer.
There is an increased consumption of store-bought foods and juices by the younger generation and hence the sodium benzoate market will see tremendous growth in the coming years. The rise in disposable income, rapid urbanization and rise in per capita income among the global population will propel the growth of this market. Sodium benzoate is deemed safe and more research is needed to understand its health risks. Hence there is no expected slowdown in the market in the near future. The sodium benzoate market will face a slightly downward trend during COVID-19 times since the consumer industry has slowed down due to the lockdown imposed in many countries across the globe. The challenge faced by this market will come from the health-conscious community who stay away from processed and packed foods.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of sodium benzoate.
The entire sodium benzoate market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Food & Beverages
This section covers regional segmentation which accentuates on current and future demand for sodium benzoate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Sodium Benzoate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sodium benzoate market include Archer Daniels Midland Company, Foodchem International Corporation, A.M. Food Chemical Co. Limited, Wuhan Youji Industries Co., Ltd., DuPont de Nemours Company, Eastman Chemical Company, E.I., Brown Chemical Co. Ltd., Charkit Chemical Corp., Jarchem Industries, Spectrum Chemicals. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.