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Sodium Benzoate Market 2023 - Industry Insights, New Trends, Growth, And Forecast To 2032 | Foodchem International Corporation, A.M. Food Chemical Co. Limited, Brown Chemical Co.Inc., Wuhan Youji Industry Company Limited

Sodium Benzoate Market Size

Sodium Benzoate Market Size

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Sodium Benzoate Market Size, Growth Rate, And Forecast
The global sodium benzoate market size is expected to grow from $0.58 billion in 2022 to $0.61 billion in 2023 at a compound annual growth rate (CAGR) of 4.51%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sodium benzoate market size is expected to reach $0.74 billion in 2027 at a CAGR of 5.01%.

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Sodium Benzoate Market Drivers
The increasing demand from the cosmetics industry is expected to propel the growth of the sodium benzoate market going forward. Cosmetics refer to a category of health and beauty goods used to improve the appearance of a person's body. Sodium benzoate is utilized as a preservative in both cosmetics and food goods, as it inhibits both bacterial and fungal growth.

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Sodium Benzoate Market Segments
• By Type: Industrial Grade, Food Grade, Pharmaceutical Grade
• By Form: Powder, Granules, Flakes, Other Forms
• By Distribution Channel: Online Retailer, Offline Retailer
• By Application: Antifungal Agent, Antimicrobial Agent, Rust And Corrosion Inhibitor, Preservative, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the sodium benzoate market.

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Sodium Benzoate Market Key Players
Major competitors in the sodium benzoate market include Foodchem International Corporation, A.M. Food Chemical Co. Limited, Brown Chemical Co.Inc., Wuhan Youji Industry Company Limited, Jarchem Industries Inc., FBC Industries Inc., Archer Daniels Midland Company, Akzo Nobel N.V.

The Business Research Company's "Global Sodium Benzoate Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Sodium Benzoate Market Include:
1. Executive Summary
2. Sodium Benzoate Market Characteristics
3. Sodium Benzoate Market Trends And Strategies
4. Sodium Benzoate Market - Macro Economic Scenario
5. Sodium Benzoate Market Size And Growth
………………………..
26. Africa Sodium Benzoate Market
27. Sodium Benzoate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sodium Benzoate Market
29. Sodium Benzoate Market Future Outlook and Potential Analysis
30. Appendix

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