Sodium benzoate is sodium salt of benzoic acid and is formed by chemical reaction of sodium hydroxide and benzoic acid. The adoption of sodium benzoate as major food preservative is highly observed across major countries. Sodium benzoate is approved by food and drug administration (FDA) for use as additive to prevent food against harmful microorganisms, such as harmful bacteria, yeasts, and molds. Therefore, sodium benzoate find its application in acidic foods, such as salad dressings, carbonated drinks, pickles, jams, fruit juices, condiments, and frozen yogurt toppings. The consumption of packaged food products is rising due to fast paced life schedule and high disposable income, preference for on-the-go products to minimize the cooking time, and change in food consumption pattern due to increase in working class population.
INCREASE IN DEMAND OF FOOD AND BEVERAGES INDUSTRY INFLUENCE THE MARKET GLOBALLY
The major role of sodium benzoate in the food & beverage is to retain the shelf life of packaged products. Many beverage manufacturers, such as The Coca-Cola Company, use sodium benzoate as its major preservative in soft drinks. The increasing demand for beverages, especially among adolescents age group population, has boosted the sales of packaged food and created opportunity for the sodium benzoate market. The packaged food is the major segment of the food & beverage industry. The growing food & beverage industry and increasing production of packaged food would create huge demand for sodium benzoate as a food preservative in the coming years.
In 2020, Asia-Pacific accounted for the largest share in the global sodium benzoate market. Steady growth in the middle-class population coupled with the growth in urbanization in the countries creates lucrative opportunities for the major market players. Factors such as changing consumer life style, increasing demand for pharmaceutical and cosmetics, growing dominance as well as higher production rate of feed additives for agriculture industry, and the easy availability of raw materials boost the growth of the sodium benzoate market in Asia-Pacific.
Some of the major key players operating in the global sodium benzoate market include Eastman Chemical Company; Foodchem International Corporation; A.M FOOD CHEMICAL CO., LIMITED; Jarchem Innovative Ingredients LLC; MERCK KGaA; LANXESS; Akema S.r.l.; Zancheng Life Sciences Ltd.; FBC Industries; and Reagents.
