Sodium Benzoate Market Dynamics: USD 2.23 Bn Value, Overview, Size, and Growth Forecasts (2024-2031) | Spectrum Chemicals, Ganesh Benzoplast Ltd.

Global sodium benzoate market is estimated to be valued at USD 1.46 Bn in 2024 and is expected to reach USD 2.23 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

The latest market intelligence report published by CMI with the title "Global Sodium Benzoate Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Bulk Chemicals industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database.

The Research report on Sodium Benzoate Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.

📌 Do you think, if this report could be of your interest? If yes, request Sample Copy of this Report: https://www.coherentmarketinsights.com/insight/request-sample/7119

*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.

Key trends Sodium Benzoate Market

1. Growing Demand in Food and Beverage Industry: Sodium benzoate is widely used as a preservative in the food and beverage sector to inhibit the growth of mold, yeast, and bacteria. The rising demand for processed and packaged foods is driving the growth of this market as manufacturers seek effective preservation methods.

2. Increasing Awareness of Food Safety: As consumers become more health-conscious, there is a growing focus on food safety and quality. This trend is leading food producers to adopt preservatives like sodium benzoate, which are recognized for their effectiveness in maintaining product integrity.

3. Expansion in Personal Care and Cosmetics: Sodium benzoate is also utilized in personal care and cosmetic products as a preservative. The increasing demand for cosmetics and skincare products, particularly those with longer shelf lives, is boosting the usage of sodium benzoate in this sector.

4. Rise in Demand for Pharmaceuticals: The pharmaceutical industry is another significant market for sodium benzoate, where it is used as a preservative in various formulations. The growing need for effective and safe pharmaceutical products is driving demand for sodium benzoate as a reliable preservative option.

5. Shift Towards Natural and Organic Products: While sodium benzoate is a synthetic preservative, the market is witnessing a trend towards natural and organic alternatives. However, the need for effective preservation in products that claim to be natural is pushing some manufacturers to continue using sodium benzoate as a safer option compared to other synthetic preservatives

📌 Want to access more insights? The journey starts from requesting Sample: https://www.coherentmarketinsights.com/insight/request-sample/7119

*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.

Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):

• By Form:
Granule
Powder
Others

• Application:
Food & Beverages
Cosmetic
Pharmaceuticals
Others

• By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa

Following are the players analyzed in the report:

• Spectrum Chemicals
• Ganesh Benzoplast Ltd.
• Avantor Inc.
• Foodchem International Corporation
• Merck KGaA
• Wuhan Youji Industries Co. Ltd.
• FBC Industries Inc.
• Tengzhou Tenglong Chemical Co., Ltd.,
• CellMark AB
• A.M. Food Chemical Co. Limited
• Hugestone enterprise co. Ltd.
• Penta Chemicals
• DuPont de Nemours Inc.
• Tulstar Products Inc.
• Lanxess AG
• Akshar International
• Ganesh Benzoplast Limited (GBL)
• Rishi Chemical
• Sujata Chemicals

✅Grab the Deal! Up to 25% OFF Purchase this Complete Market Report: https://www.coherentmarketinsights.com/insight/buy-now/7119

Deep-dive Analysis:

The Report provides deep-dive qualitative and quantitative analysis on Sodium Benzoate Market for all the regions and countries covered below:

• North America (the United States, Canada, and Mexico)
• Europe (Germany, France, Italy, United Kingdom, SCANDIVAN, Benelux, Russia, and Rest of Europe)
• Asia-Pacific (Japan, South Korea, India, China, Southeast Asia, and Australia)
• South America (Brazil, Argentina, and Rest of South America)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa, and Rest of the Middle East & Africa)
• Each Country is covered in detail, and report provides qualitative and quantitative analysis on Sodium Benzoate Market on each country.

The research provides answers to the following key questions:

1. What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Sodium Benzoate market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Sodium Benzoate market?
4. What are the prominent market trends influencing the development of the Sodium Benzoate market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Sodium Benzoate market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Key insights provided by the report that could help you take critical strategic decisions?

• Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
• Reports provide opportunities and threats faced by suppliers in the Sodium Benzoate and tubes industry around the world.
• The report shows regions and sectors with the fastest growth potential.
• A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
• The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
• This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
Author of this marketing PR:

Priya Pandey is a dynamic and passionate PR writer with over three years of expertise in content writing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes writing contents and documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

☎ Contact Us:

Mr. Shah
Senior Client Partner - Business Development
Coherent Market Insights

Phone:

US: +1-206-701-6702
UK: +44-020-8133-4027
Australia: +61-2-4786-0457
India: +91-848-285-0837

Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com
Follow Us: LinkedIn | Twitter

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.