Press release
Strategic Forecast for the Sodium Benzoate Industry: Market Outlook 2025-2034
Sodium Benzoate Market Size
Sodium Benzoate Market Size Growth Forecast: What to Expect by 2025?
In recent times, the sodium benzoate market has experienced steady expansion. It is projected to rise from $0.63 billion in 2024 to $0.67 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.0%. Factors such as the need for stability and extended shelf life, growth of the beverage industry, worldwide expansion of the food industry, evolving consumer habits, and regulatory authorizations have contributed to the growth during the historic period.
How Will the Sodium Benzoate Market Size Evolve and Grow by 2029?
Surges in growth are predicted for the sodium benzoate market in the upcoming years, with projections reaching $0.87 billion by 2029 at a compound annual growth rate (CAGR) of 6.9%. This notable growth during the forecast period can be accredited to the rise in organic preservatives, heightened demand in burgeoning regions, trends towards clean labeling, changes in regulation, and the burgeoning beverage sector. Major trends likely to influence the forecast period include improved consumer education surrounding food safety, products free from allergens, enhanced transparency in product labeling, innovation in packaging, and its substitution in personal care products.
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What Drivers Are Propelling the Growth of Sodium Benzoate Market Forward?
Growth in the sodium benzoate market is expected to be propelled by the surging demand from the cosmetics industry. Cosmetics, a category of goods designed to enhance bodily aesthetics and health, frequently use sodium benzoate as a preservative. This is due to its ability to prevent the growth of bacteria and fungus in both cosmetic and food products. For example, every day in 2023, Cosmetics Europe, a personal care association based in Belgium, claims that 500 million consumers used personal care goods to support their health and boost their well-being within Europe. Furthermore, the personal care sector contributes about USD 31.23 billion (€29 billion) every year to the European economy. Hence, the escalating demand via the cosmetics industry is stimulating the expansion of the sodium benzoate market.
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Which Emerging Trends Are Transforming the Sodium Benzoate Market in 2025?
Leading businesses in the sodium benzoate sector are putting their efforts towards the creation of groundbreaking products like dessert offerings to enhance food quality and safety and meet the demands of health-conscious consumers. Desserts, typically served at the end of a meal, encompass a variety of sweet dishes such as cakes, pastries, ice creams, and puddings. They are mostly prepared using ingredients like sugar, flour, dairy, and fruit, aiming to offer a delightful and gratifying finale to a meal. For example, Marine Hydrocolloids, a manufacturing company based in India, in August 2024, introduced flavored jelly crystal mixes and custard products. These product lines offer easy-to-use options catering to a range of taste preferences and are aimed at making preparation easy, thus appealing to both amateur cooks and professional chefs.
What Are the Key Segments in the Sodium Benzoate Market?
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
Subsegments:
1) By Industrial Grade: Chemical Manufacturing, Water Treatment, Personal Care Products
2) By Food Grade: Preservatives In Food And Beverages, Flavoring Agents
3) By Pharmaceutical Grade: Active Pharmaceutical Ingredients (APIs), Excipients In Drug Formulations
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Who Are the Key Players Shaping the Sodium Benzoate Market's Competitive Landscape?
Major companies operating 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., 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
What Geographic Markets Are Powering Growth in the Sodium Benzoate Market?
Asia-Pacific was the largest region in the sodium benzoate market in 2024. The regions covered in the sodium benzoate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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