Press release
Sodium Benzoate Market: Stable Growth and Key Players Propel A Projected $0.67 billion Market in 2025 At A 5.0% CAGR
Sodium Benzoate Market Size
What Is The Projected Market Size Of The Global Sodium Benzoate Market And Its Growth Rate?
The Sodium Benzoate market has witnessed steady growth over the years.
• Market size in 2024: $0.63 billion
• Projected market size in 2025: $0.67 billion, at a CAGR of 5.0%
• Projected market size in 2029: $0.87 billion, at a CAGR of 6.9%
Factors contributing to growth include stability and shelf-life demands, expansion of the beverage sector, changing consumer lifestyles, and regulatory approvals.
What Is Driving The Growth In The Sodium Benzoate Market?
Increasing demand from the cosmetics industry is driving the growth of the sodium benzoate market. Sodium benzoate, used as a preservative in cosmetics and food items, curbs the growth of bacteria and fungi, thus enhancing the shelf-life of products. Statistics from Cosmetics Europe show daily usage of personal care products by 500 million consumers, thus contributing significantly to the European economy, which in turn propels the growth of the sodium benzoate market.
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Who Are the Key Players Driving Sodium Benzoate Market Growth?
Prominent companies influencing the Sodium Benzoate market are:
• Foodchem International Corporation
• A.M. Food Chemical Co.Limited
• Brown Chemical Co.Inc
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