Benzoates Market Pegged for Robust Expansion During 2023-2031 | AkzoNobel N.V., Brown Chemical Co. Ltd., FBC Industries Inc., Foodchem International Corporation

New York, According to a new market research report published by Global Insight Services Benzoates Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Benzoates are a class of chemicals that are used as food preservatives. They are effective at preventing the growth of bacteria and other microorganisms and are therefore used to extend the shelf life of food products. Benzoates are added to food products in the form of sodium benzoate, potassium benzoate, or calcium benzoate.

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Key Trends

In recent years, there has been a trend towards the use of Benzoates technology in the food industry. This is due to the fact that Benzoates is a food preservative that can extend the shelf life of food products.

In addition, Benzoates are also effective in preventing the growth of bacteria and mold. As a result, this technology is becoming increasingly popular in the food industry.

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Key Drivers

The global benzoates market is driven by the growing demand for processed food and beverages. The preservative properties of benzoates help in extending the shelf life of food products, which is a key factor driving their demand.

The stringent food safety regulations set by various governments are another key factor driving the demand for benzoates. These regulations mandate the use of preservatives in food products in order to ensure their safety for human consumption.

The growing demand for natural and organic food products is a key challenge faced by the benzoates market. Consumers are becoming increasingly aware of the health risks associated with the consumption of synthetic preservatives.

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Market Segmentation
By Product

Potassium Benzoate
Sodium Benzoate
Others

By Application

Food
Drink
Others

Key Players

The global benzoates market includes players such as AkzoNobel N.V., Brown Chemical Co. Ltd., FBC Industries Inc., Foodchem International Corporation, A.M. Food Chemical Co. Limited, Jarchem Industries, Wuhan Youji Industries Co. Ltd., DuPont de Nemours Company, Eastman Chemical Company E.I., Spectrum Chemicals, and others.

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Reasons to buy Benzoates Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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