According to TechSci Research report, “Sodium Benzoate Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Sodium Benzoate Market stood at USD 1.24 billion in 2022 and is anticipated to grow with a CAGR of 6.01% in the forecast period, 2024-2028. This can be attributed to research and development initiatives. Key players in the sodium benzoate market are actively engaged in research and development activities to enhance the efficiency and safety profile of their products. Continuous innovation in preservative technologies ensures that sodium benzoate remains a reliable solution for food and beverage manufacturers seeking to meet consumer demands for both convenience and safety.
Furthermore, sustainability is a buzzword across industries, and the sodium benzoate market is no exception. Green chemistry practices, such as optimizing production processes and reducing environmental impact, are gaining traction. Manufacturers are expected to explore sustainable sourcing, production, and packaging practices to align with global sustainability goals.
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Consumers are increasingly turning to processed food and beverage items like fruit drinks, snacks, and processed meat to meet their daily nutritional needs. In several European countries, the growing trend of skipping meals, particularly breakfast, has heightened consumer inclination towards processed and packaged food and beverage products. Essential ingredients in these products, such as preservatives including sodium benzoate, have played a pivotal role in driving the market.
The market, however, faced a significant downturn as channel partners experienced a notable decline in demand due to shutdowns, leading to elevated inventory levels and challenges in clearing pending stock. The first two quarters of 2020 saw sodium benzoate manufacturers grappling with substantial disruptions in their raw material supply chain caused by the COVID-19 pandemic. The widespread use of sodium benzoate as a synthetic preservative in the food industry serves as a major growth driver, particularly in low pH products like jams, salad dressings, carbonated drinks, pickles, etc. Its popularity stems from its ease of manufacturing, colorlessness, and cost-effectiveness. Additionally, the pharmaceutical sector employs sodium benzoate as a preservative in liquid formulations.
The Global Sodium Benzoate Market is segmented into form, application, regional distribution, and company.
Based on its form, the powder segment emerged as the market leader, securing the largest share of global revenue in 2022. Sodium benzoate E211 powder, characterized by its white appearance, exhibits maximum effectiveness at slightly acidic pH levels. It readily dissolves in water but shows lower solubility in organic solvents. This form of sodium benzoate plays a crucial role in preserving fruits, vegetables, salads, and fish marinades. Moreover, it is employed to maintain the freshness of beer, olives, and fruit yogurt. Notably, its environmentally friendly nature allows it to accumulate in water and soil.
Looking ahead, the granules segment is anticipated to experience a notable CAGR during the forecast period. Sodium benzoate granules, which are white in color, represent the sodium salt of benzoic acid and are water-soluble. These granules serve as preservatives in various food items such as fruit juices, pickles, salad dressings, carbonated drinks, and jams. As an antifungal agent, sodium benzoate aids in balancing the pH within individual cells, thereby enhancing the overall acidity of the product. This adjustment makes it challenging for fungi to thrive, preventing food contamination and significantly extending its shelf life.
Based on application, the market was notably led by the food and beverages segment, capturing the largest share of global revenue in 2022. According to the International Program on Health and Safety, sodium benzoate is extensively utilized in the beverage industry. Specifically, it is employed to enhance the acidity of soft drinks, thereby intensifying the flavor of high-fructose corn syrup. On the ingredient list of a soda can, sodium benzoate is identified as E211, the designated code for this food additive. E211 is a common component in diet soft drinks.
Looking ahead, the cosmetic segment is poised to experience the most rapid CAGR in terms of revenue during the forecast period. Studies indicate that sodium benzoate can be safely incorporated into cosmetic formulations at concentrations of up to 5%. However, it is essential to consider immunological factors when applying this chemical in cosmetic products designed for infants and children. Functioning as an antifungal preservative, sodium benzoate is found in both cosmetics and food, displaying high efficacy against fungi, yeasts, and bacteria.
Major companies operating in Global Sodium Benzoate Market are:
- Foodchem International Corporation
- Avantor Inc.
- Merck KGaA
- Ganesh Benzoplast Ltd.
- Spectrum Chemical Manufacturing Corp
- Wuhan Youji Industrial Co Ltd
- FBC Industries, Inc.
- Tengzhou Tenglong Chemical Co., Ltd.
- CellMark AB
- AM Food Chemical Co., Limited
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“The global sodium benzoate market is on the brink of transformative changes, driven by evolving consumer preferences and industry dynamics. Staying attuned to the emerging trends will be essential for market players seeking to capitalize on new opportunities, meet evolving regulatory standards, and maintain a competitive edge in a rapidly evolving market landscape. As the sodium benzoate market navigates the future, the trends are set to shape its trajectory and influence its role in diverse industries,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Sodium Benzoate Market By Form (Powder, Granules, Others), By Application (Beverages & Food, Cosmetics, Pharmaceuticals, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Sodium Benzoate Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Sodium Benzoate Market.
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