Sodium Benzoate Market Size, Growth and Forecast to 2028
[Research Report] The sodium benzoate market is projected to reach US$ 182,965.2 thousand by 2028 from US$ 132,214.6 thousand in 2021; it is expected to grow at a CAGR of 4.5% during 2021–2028.
There is a rise in demand for preservatives across various end-user industries such as food & beverages, cosmetics, fabric care, and pharmaceuticals, which further increases the need for sodium benzoate. The growing demand for preservatives to improve the shelf life of the different food products contributes to the strong demand for sodium benzoate in the food & beverages industry. Moreover, the increasing demand for cosmetic products in the world is propelling the growth of the sodium benzoate market. There is a high demand for preservatives in the cosmetics industry to enhance the quality of the product and increase the product's shelf life, which is expected to fuel the need for sodium benzoate. The cosmetics companies continued to increase market shares worldwide, especially in emerging countries. For instance, according to the report from the Federation of Beauty Companies (FEBEA), French cosmetics export earnings were US$ 18.1 billion in 2021, an increase of 2.5% compared with 2019. The factors mentioned above are driving the demand for sodium benzoate.
In 2020, Asia Pacific held the largest share of the global sodium benzoate market and is estimated to register the highest CAGR in the market during the forecast period. APAC comprises China, India, Japan, Australia, South Korea, and the Rest of APAC. APAC countries such as China and India are among the fastest-growing populations. Automotive, packaging, construction, personal care, and food & beverages industries are rapidly developing in APAC with the growing population. Established sectors such as food & beverages, cosmetics, personal care, and pharmaceuticals have increased the demand for sodium benzoate in the region.
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Sodium Benzoate Market: Strategic Insights
Market Size Value in US$ 132,214.6 thousand in 2021 Market Size Value by US$ 182,965.2 thousand by 2028 Growth rate CAGR of 4.5% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Impact of COVID-19 Pandemic on Sodium Benzoate Market
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Sodium Benzoate Market: Strategic Insights
| Market Size Value in | US$ 132,214.6 thousand in 2021 |
| Market Size Value by | US$ 182,965.2 thousand by 2028 |
| Growth rate | CAGR of 4.5% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Sodium Benzoate Market
The COVID-19 pandemic had a mixed impact on the sodium benzoate market. Initially, COVID-19 had a substantial impact on the market because of the decrease in manufacturing. The imposition of lockdown measures resulted in the discontinuation of manufacturing operations, resulting in a decrease in supply activities. In addition, travel restrictions around the world made it difficult to transport raw materials, which restrained the growth of the global economy. However, the COVID-19 pandemic is expected to have a long-term favorable effect on the market in the coming years. The outbreak led to the rise in packaged food items as consumers became increasingly aware of the hygiene and safety of products and therefore preferred purchasing food with safe packaging. As sodium benzoate is used as a preservative in many packaged food items, the growth in packaged food production favored the market. Moreover, due to the sudden impact of the pandemic, the market saw a boom in demand for products that support immunity-boosting in the pharmaceuticals & nutraceuticals industry. The pharmaceutical industry is one of the major application industries for the sodium benzoate market. As a result, the consumption of sodium benzoate also surged. Further, to address such rising demand for these supplements, manufacturers redirected their efforts toward improving their sales strategies and pushing the product into untapped markets.
Market Insights
Surging Demand for Sodium Benzoate in Food & Beverages Industry
Sodium benzoate is the sodium salt of benzoic acid. It is widely used as a food preservative and a pickling agent in the food & beverages industry. It is generally recognized as safe by the Food and Drug Administration (FDA) and allows up to a 0.1% concentration by weight when used in foods. Sodium Benzoate is used in acidic foods such as salad dressings, carbonated drinks, pickles, jams and fruit juices, condiments, and frozen yogurt toppings to prevent spoilage caused by harmful micro-organisms such as harmful bacteria, yeasts, and molds. It also helps maintain freshness in food by slowing down or preventing color, flavor, PH, and texture changes. Moreover, it acts as a bacteriostatic and fungistatic preservative in soft drinks and other beverages, which increases the acidic flavor and extend the product's shelf life. Sodium benzoate is commonly used as a preservative to protect the taste. The Coca-Cola Company also uses it as an antimicrobial agent in Coca-Cola drinks.
Application Insights
Based on application, the global sodium benzoate market is segmented into food and beverages, pharmaceuticals, cosmetics, agriculture, and others. In 2020, the food and beverages segment accounted for the largest revenue share. The demand for sodium benzoate is increasing substantially in the food & beverages industry due to changes in customer preferences for packaged food and beverages and higher per capita income. In many countries, the increasing tendency to skip meals, such as breakfast, has led to a rise in consumers' demand for processed and packaged food and beverage products.
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 are among the key players operating in the market. These companies provide a wide range of product portfolios for the market. The companies have their presence in the developing regions, which provides lucrative opportunities for the market growth. The market players are developing high-quality and innovative products to meet the customers’ requirements.
Sodium Benzoate Market Report Scope
Report Spotlights
- Progressive industry trends in the sodium benzoate market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the sodium benzoate market from 2019 to 2028
- Estimation of global demand for sodium benzoate
- Porter’s five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the growth of the sodium benzoate market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the sodium benzoate market size at various nodes
- Detailed overview and segmentation of the market, as well as the sodium benzoate industry dynamics
- Size of the sodium benzoate market in various regions with promising growth opportunities
The "Global Sodium Benzoate Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a special focus on the global sodium benzoate market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The sodium benzoate market is segmented based on application and geography. By application, the sodium benzoate market is segmented into food and beverages, pharmaceuticals, cosmetics, agriculture, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
Company Profiles:
- Eastman Chemical Company
- Foodchem International Corporatio
- A.M FOOD CHEMICAL CO., LIMITED
- Jarchem Innovative Ingredients LLC
- MERCK KGaA
- LANXESS
- Akema S.r.l.
- Zancheng Life Sciences Ltd.
- FBC Industries
- Reagents
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific is estimated to register the fastest CAGR in the global sodium benzoate market over the forecast period. The growth of the sodium benzoate market in Asia-Pacific is driven by rising demand for sodium benzoate from various end-use industries such as cosmetics, food and beverages, pharmaceuticals, and automotive.
The cosmetic segment is the fastest growing segment in the global sodium benzoate market during the forecasted period. Sodium benzoate is used as a preservative in cosmetics and personal care products due to its antimicrobial and antifungal. Furthermore, the demand for halal cosmetics is rising, which is expected to build a proper base for the growing preservatives market.
The pharmaceutical segment holds the attractive opportunities during the forecast period. Sodium benzoate is often used as a preservative in liquid medicines, such as cough syrup. It also finds application as an antimicrobial preservative, antifungal, and lubricant for tablets and capsules.
The food and beverage segment held the largest market share. Sodium benzoate is used as preservative in packaged food. The food & beverage industry is mostly dominated by the packaged food. A change in culinary style with rise in consumption of ready-to-eat products increased the demand for packaged foods across the globe.
In 2021, Asia Pacific held the largest share of the global sodium benzoate market. China and India are the two leading producers of sodium benzoate across the world. In India, the sodium benzoate production industry is among the fastest-growing ones. The growing urbanization in this region, coupled with rise in demand for packaged food and cosmetics, has fueled the consumption of sodium benzoate extensively.
The major players operating in the global sodium benzoate market are 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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Sodium Benzoate Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers:
4.2.2 Bargaining Power of Buyers:
4.2.3 Threat of New Entrants:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Sodium Benzoate Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for Sodium Benzoate in Food & Beverages Industry
5.1.2 Rising Requirement for Sodium Benzoate in Various End-Use Industries
5.2 Market Restraints
5.2.1 Growing Safety Concerns Regarding Sodium Benzoate
5.3 Market Opportunities
5.3.1 Growing Cosmetics & Personal Care Sector Globally
5.4 Future Trends
5.4.1 Rising Trend of Consuming Packaged Food and Beverages
5.5 Impact Analysis of Drivers and Restraints
6. Sodium Benzoate – Global Market Analysis
6.1 Sodium Benzoate Market Overview
6.2 Sodium Benzoate Market –Revenue and Forecast to 2028
6.3 Competitive Positioning – Key Market Players
7. Sodium Benzoate Market Analysis – By Application
7.1 Overview
7.2 Global Sodium Benzoate Market Breakdown, by Application, 2020 and 2028
7.3 Food and Beverage
7.3.1 Overview
7.3.2 Food and Beverage: Global Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
7.3.3 Food and Beverage: Global Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
7.4 Pharmaceuticals
7.4.1 Overview
7.4.2 Pharmaceuticals: Global Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
7.4.3 Pharmaceuticals: Global Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
7.5 Cosmetics
7.5.1 Overview
7.5.2 Cosmetics: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
7.5.3 Cosmetics: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
7.6 Agriculture
7.6.1 Overview
7.6.2 Agriculture: Global Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
7.6.3 Agriculture: Global Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
7.7 Others
7.7.1 Overview
7.7.2 Others: Global Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
7.7.3 Others: Global Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
8. Sodium Benzoate Market – Geographic Analysis
8.1 Overview
8.2 North America: Sodium Benzoate Market
8.2.1 North America: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
8.2.2 North America: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
8.2.3 North America: Sodium Benzoate Market, by Application
8.2.4 North America: Sodium Benzoate Market, by Key Country
8.2.4.1 US: Sodium Benzoate Market–Analysis and Forecast to 2028 (US$ Thousand)
8.2.4.1.1 US: Sodium Benzoate Market, by Application
8.2.4.2 Canada: Sodium Benzoate Market–Analysis and Forecast to 2028 (US$ Thousand)
8.2.4.2.1 Canada: Sodium Benzoate Market, by Application
8.2.4.3 Mexico: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
8.2.4.3.1 Mexico: Sodium Benzoate Market, by Application
8.3 Europe: Sodium Benzoate Market
8.3.1 Europe: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
8.3.2 Europe: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
8.3.3 Europe: Sodium Benzoate Market, by Application
8.3.4 Europe: Sodium Benzoate Market, by Key Country
8.3.4.1 Germany: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
8.3.4.1.1 Germany: Sodium Benzoate Market, by Application
8.3.4.2 France: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
8.3.4.3 France: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
8.3.4.3.1 France: Sodium Benzoate Market, by Application
8.3.4.4 Italy: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
8.3.4.5 Italy: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
8.3.4.5.1 Italy: Sodium Benzoate Market, by Application
8.3.4.6 United Kingdom: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
8.3.4.6.1 United Kingdom: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
8.3.4.6.2 United Kingdom: Sodium Benzoate Market, by Application
8.3.4.7 Russia: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
8.3.4.7.1 Russia: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
8.3.4.7.2 Russia: : Sodium Benzoate Market, by Application
8.3.4.8 Turkey: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
8.3.4.8.1 Turkey: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
8.3.4.8.2 Turkey : Sodium Benzoate Market, by Application
8.3.4.9 Rest of Europe: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
8.3.4.9.1 Rest of Europe: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
8.3.4.9.2 Rest of Europe: Sodium Benzoate Market, by Application
8.4 Asia Pacific: Sodium Benzoate Market
8.4.1 Asia Pacific: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
8.4.2 Asia Pacific: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
8.4.3 Asia Pacific: Sodium Benzoate Market, by Application
8.4.4 Asia Pacific: Sodium Benzoate Market, by Key Country
8.4.4.1 Australia: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
8.4.4.1.1 Australia: Sodium Benzoate Market, by Application
8.4.4.2 China: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
8.4.4.2.1 China: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
8.4.4.2.2 China: Sodium Benzoate Market, by Application
8.4.4.3 India: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
8.4.4.3.1 India: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
8.4.4.3.2 India: Sodium Benzoate Market, by Application
8.4.4.4 Japan: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
8.4.4.4.1 Japan: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
8.4.4.4.2 Japan: Sodium Benzoate Market, by Application
8.4.4.5 South Korea: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
8.4.4.5.1 South Korea: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
8.4.4.5.2 South Korea: Sodium Benzoate Market, by Application
8.4.4.6 Rest of Asia Pacific: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
8.4.4.6.1 Rest of Asia Pacific: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
8.4.4.6.2 Rest of Asia Pacific: Sodium Benzoate Market, by Application
8.5 Middle East and Africa: Sodium Benzoate Market
8.5.1 Middle East and Africa: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
8.5.2 Middle East and Africa: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
8.5.3 Middle East and Africa: Sodium Benzoate Market, by Application
8.5.4 Middle East and Africa: Sodium Benzoate Market, by Key Country
8.5.4.1 South Africa: Sodium Benzoate Market–Analysis and Forecast to 2028 (US$ Thousand)
8.5.4.1.1 South Africa: Sodium Benzoate Market, by Application
8.5.4.2 Saudi Arabia: Sodium Benzoate Market–Analysis and Forecast to 2028 (US$ Thousand)
8.5.4.2.1 Saudi Arabia: Sodium Benzoate Market, by Application
8.5.4.3 UAE: Sodium Benzoate Market–Analysis and Forecast to 2028 (US$ Thousand)
8.5.4.3.1 UAE: Sodium Benzoate Market, by Application
8.5.4.4 Rest of Middle East and Africa: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
8.5.4.4.1 Rest of Middle East and Africa: Sodium Benzoate Market, by Application
8.6 South and Central America: Sodium Benzoate Market
8.6.1 South and Central America: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
8.6.2 South and Central America: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
8.6.3 South and Central America: Sodium Benzoate Market, by Application
8.6.4 South and Central America: Sodium Benzoate Market, by Key Country
8.6.4.1 Brazil: Sodium Benzoate Market–Analysis and Forecast to 2028 (US$ Thousand)
8.6.4.1.1 Brazil: Sodium Benzoate Market, by Application
8.6.4.2 Argentina: Sodium Benzoate Market–Analysis and Forecast to 2028 (US$ Thousand)
8.6.4.2.1 Argentina: Sodium Benzoate Market, by Application
8.6.4.3 Rest of South and Central America: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
8.6.4.3.1 Rest of South and Central America: Sodium Benzoate Market, by Application
9. Impact of COVID-19
9.1 Overview – Impact of COVID-19
9.2 North America: Impact Assessment of COVID-19 Pandemic
9.3 Europe: Impact Assessment of COVID-19 Pandemic
9.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
9.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
9.6 South America: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Eastman Chemical Company
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Foodchem International Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 A.M FOOD CHEMICAL CO., LIMITED
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Jarchem Innovative Ingredients LLC
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 LANXESS
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 MERCK KGaA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Akema S.R.L.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 FBC Industries
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Zancheng Life Sciences Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Reagents
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 2. Global Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 3. Global Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 4. North America Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 5. North America Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 6. US: Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 7. US: Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 8. Canada: Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 9. Canada: Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 10. Mexico Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 11. Mexico Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 12. Europe Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 13. Europe Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 14. Germany Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 15. Germany Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 16. France Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 17. France Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 18. Italy Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 19. Italy Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 20. United Kingdom Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 21. United Kingdom Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 22. Russia : Sodium Benzoate Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 23. Russia : Sodium Benzoate Market, by Application– Volume and Forecast to 2028 (Tons)
Table 24. Turkey : Sodium Benzoate Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 25. Turkey : Sodium Benzoate Market, by Application– Volume and Forecast to 2028 (Tons)
Table 26. Rest of Europe Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 27. Rest of Europe Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 28. Asia Pacific Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 29. Asia Pacific Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 30. Australia Sodium Benzoate Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 31. Australia Sodium Benzoate Market, by Application– Volume and Forecast to 2028 (Tons)
Table 32. China Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 33. China Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 34. India Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 35. India Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 36. Japan Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 37. Japan Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 38. South Korea Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 39. South Korea Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 40. Rest of Asia Pacific Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 41. Rest of Asia Pacific Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 42. Middle East and Africa Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 43. Middle East and Africa Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 44. South Africa: Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 45. South Africa: Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 46. Saudi Arabia: Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 47. Saudi Arabia: Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 48. UAE: Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 49. UAE: Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 50. Rest of Middle East and Africa Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 51. Rest of Middle East and Africa Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 52. South and Central America Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 53. South and Central America Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 54. Brazil: Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 55. Brazil: Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 56. Argentina: Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 57. Argentina: Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 58. Rest of South and Central America Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 59. Rest of South and Central America Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)
Table 60. Glossary of Terms, Global Sodium Benzoate Market
LIST OF FIGURES
Figure 1. Global Sodium Benzoate Market Segmentation
Figure 2. Sodium Benzoate Market Segmentation – By Geography
Figure 3. Global Sodium Benzoate Market Overview
Figure 4. Sodium Benzoate Market, By Application
Figure 5. Sodium Benzoate Market, By Geography
Figure 6. Global Sodium Benzoate Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem Chain: Sodium Benzoate
Figure 9. Expert Opinion
Figure 10. Global Sodium Benzoate Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Sodium Benzoate Market
Figure 12. Global: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. Global Sodium Benzoate Market Breakdown, by Application, 2020 and 2028
Figure 14. Food and Beverage: Global Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. Food and Beverage: Global Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 16. Pharmaceuticals: Global Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 17. Pharmaceuticals: Global Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 18. Cosmetics: Global Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 19. Cosmetics: Global Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 20. Agriculture: Global Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. Agriculture: Global Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 22. Others: Global Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 23. Others: Global Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 24. Global Sodium Benzoate Market Revenue Share, by Region (2020 and 2028)
Figure 25. North America: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 26. North America: Sodium Benzoate Market – Volume and Forecast to 2028 (Tons)
Figure 27. North America: Sodium Benzoate Market Revenue Share, by Application (2020 and 2028)
Figure 28. North America: Sodium Benzoate Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. US: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 30. US: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 31. Canada: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 32. Canada: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 33. Mexico: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 34. Mexico: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 35. Europe: Sodium Benzoate Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 36. Europe: Sodium Benzoate Market– Volume and Forecast to 2028 (Tons)
Figure 37. Europe: Sodium Benzoate Market Revenue Share, by Application (2020 and 2028)
Figure 38. Europe: Sodium Benzoate Market Revenue Share, by Key Country (2020 and 2028)
Figure 39. Germany: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 40. Germany: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 41. France: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 42. France: Sodium Benzoate Market– Volume and Forecast to 2028 (Tons)
Figure 43. Italy: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 44. Italy: Sodium Benzoate Market– Volume and Forecast to 2028 (Tons)
Figure 45. United Kingdom: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 46. United Kingdom: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 47. Russia: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 48. Russia: Sodium Benzoate Market– Volume and Forecast to 2028 (US$ Tons)
Figure 49. Turkey: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 50. Turkey: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 51. Rest of Europe: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 52. Rest of Europe: Sodium Benzoate Market – Volume and Forecast to 2028 (Tons)
Figure 53. Asia Pacific: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 54. Asia Pacific: Sodium Benzoate Market – Volume and Forecast to 2028 (Tons)
Figure 55. Asia Pacific: Sodium Benzoate Market Revenue Share, by Application (2020 and 2028)
Figure 56. Asia Pacific: Sodium Benzoate Market Revenue Share, by Key Country (2020 and 2028)
Figure 57. Australia: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 58. Australia: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 59. China: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 60. China: Sodium Benzoate Market – Volume and Forecast to 2028 (Tons)
Figure 61. India: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 62. India: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 63. Japan: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 64. Japan: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 65. South Korea: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 66. South Korea: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 67. Rest of Asia Pacific: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 68. Rest of Asia Pacific: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 69. Middle East and Africa: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 70. Middle East and Africa: Sodium Benzoate Market – Volume and Forecast to 2028 (Tons)
Figure 71. Middle East and Africa: Sodium Benzoate Market Revenue Share, by Application (2020 and 2028)
Figure 72. Middle East and Africa: Sodium Benzoate Market Revenue Share, by Key Country (2020 and 2028)
Figure 73. South Africa: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 74. South Africa: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 75. Saudi Arabia: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 76. Saudi Arabia: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 77. UAE: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 78. UAE: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 79. Rest of Middle East and Africa: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 80. Rest of Middle East and Africa: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 81. South and Central America: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 82. South and Central America: Sodium Benzoate Market – Volume and Forecast to 2028 (Tons)
Figure 83. South and Central America: Sodium Benzoate Market Revenue Share, by Application (2020 and 2028)
Figure 84. South and Central America: Sodium Benzoate Market Revenue Share, by Key Country (2020 and 2028)
Figure 85. Brazil: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 86. Brazil: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 87. Argentina: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 88. Argentina: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 89. Rest of South and Central America: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 90. Rest of South and Central America: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 91. Impact of COVID-19 Pandemic on Sodium Benzoate Market in North America
Figure 92. Impact of COVID-19 Pandemic on Sodium Benzoate Market in Europe
Figure 93. Impact of COVID-19 Pandemic on Sodium Benzoate Market in Asia Pacific
Figure 94. Impact of COVID-19 Pandemic on Sodium Benzoate in Middle East and Africa
Figure 95. Impact of COVID-19 Pandemic on Sodium Benzoate in South America
The List of Companies - Sodium Benzoate Market
- 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
- Reagents
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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