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Sodium Benzoate Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | Foodchem International Corporation, A.M. Food Chemical Co.Limited, Brown Chemical Co.Inc., Wuhan Youji Industry Company Limited, Jarchem Industries Inc., FBC

Sodium Benzoate Market Size

Sodium Benzoate Market Size

As per the report, the sodium benzoate market size has grown strongly in recent years. It will grow from $0.61 billion in 2023 to $0.64 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The sodium benzoate market size is expected to see strong growth in the next few years. It will grow to $0.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.

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Sodium Benzoate Market Growth Fueled By Cosmetics Industry Demand
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. For instance, according to the Loreal, a France-based cosmetic manufacturing company, the global cosmetics sector reached $228 billion in 2021. Therefore, the increasing demand from the cosmetics industry is driving the growth of the sodium benzoate market.

Innovative Offerings With Advancements In Sodium Benzoate Market With Liquid Formulation
Product innovation is a key trend gaining popularity in the sodium benzoate market. Major companies operating in the sodium benzoate market are focused on innovative products to sustain their position. For instance, in January 2021, Emerald Kalama, a US-based chemicals company launched Kalama Sodium Benzoate Liquid. It is an effective preservative that incorporates the firm's high-quality sodium benzoate NF/FCC into a unique solution in water form and it can improve the processing efficiency. This liquid can inhibit the bacteria, and yeast and can mould in the different products at ambient or elevated process temperatures.

The sodium benzoate market covered in this report is segmented -

1) By Type: Industrial Grade, Food Grade, Pharmaceutical Grade
2) By Form: Powder, Granules, Flakes, Other Forms
3) By Distribution Channel: Online Retailer, Offline Retailer
4) By Application: Antifungal Agent, Antimicrobial Agent, Rust And Corrosion Inhibitor, Preservative, Other Applications

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Major companies operating in the sodium benzoate market report are 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., Spectrum Chemicals, DuPont de Nemours Company, Tengzhou Tenglong Chemical Co. Ltd., Cellmark USA LLC, Ganesh Benzoplast Limited, Vizag Chemicals, Krishna Chemicals, Eastman Chemical Company, MERCK KGaA, LANXESS, Akema S.r.l., Zancheng Life Sciences Ltd., Reagents, Charkit Chemical Corp, Tulstar Products Inc., Shandong Tong Tai Wei Run, Vertellus, Tokyo Chemical Industry Co. Ltd., Macco Organiques Inc., W. Ulrich GmbH , COFERMIN CHEMICALS GMBH & CO. KG , Wuhan Biet Co. Ltd, Atul Limited .

Contents of the report:
1. Executive Summary
2. Sodium Benzoate Market Report Structure
3. Sodium Benzoate Market Trends And Strategies
4. Sodium Benzoate Market - Macro Economic Scenario
5. Sodium Benzoate Market Size And Growth
…..
27. Sodium Benzoate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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