You are here

Sodium Benzoate Market Share, Size and Growth Report 2023

Submitted by priti on Thu, 12/07/2023 - 20:29

Sodium Benzoate Market Overview:

The Sodium Benzoate Market Share was valued at USD 1.34 billion in 2022. It is projected to reach USD 2.12 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2023 to 2030.

Sodium Benzoate, a widely utilized chemical compound, has witnessed substantial growth in recent years. With its market size reaching USD 1.34 billion in 2022, the industry is poised for further expansion. Projections indicate that by 2030, the market will soar to an impressive USD 2.12 billion, reflecting a robust compound annual growth rate (CAGR) of 5.9% over the forecast period spanning from 2023 to 2030.

This upward trajectory can be attributed to several factors driving the demand for Sodium Benzoate. As a key ingredient in various industries, including food and beverages, pharmaceuticals, and personal care products, Sodium Benzoate plays a crucial role in preserving and enhancing the quality of these goods. Its ability to inhibit the growth of bacteria and fungi, thereby extending the shelf life of products, has made it an indispensable component in the manufacturing process.

Furthermore, the increasing consumer awareness regarding the importance of food safety and hygiene has further propelled the demand for Sodium Benzoate. With a growing emphasis on maintaining product freshness and preventing spoilage, manufacturers are increasingly turning to Sodium Benzoate as a reliable solution.

The forecasted CAGR of 5.9% signifies the steady growth potential of the Sodium Benzoate market. As industries continue to prioritize product quality and safety, the demand for this versatile compound is expected to surge. Manufacturers and suppliers in the Sodium Benzoate market are poised to capitalize on this opportunity, investing in research and development to meet the evolving needs of various sectors.

In conclusion, the Sodium Benzoate market is set to witness substantial growth, with a projected This growth is driven by the increasing awareness of the harmful effects of synthetic preservatives, leading to a shift towards natural alternatives like Sodium Benzoate.

Get a Sample report of Sodium Benzoate Market @

https://www.snsinsider.com/sample-request/3705

Major Key Players Included are:

DuPont de Nemours Inc., Lanxess AG, PENTA CHEMICALS, Merck KGaA, Avantor Inc., Foodchem International Corporation, Tulstar Products Inc., Wuhan Youji Industries Co. Ltd., Spectrum Chemicals, FBC Industries Inc., and other key players mentioned in the final report.

Market Segmentation

The research categorizes the Sodium Benzoate market share into segments based on application, end-user, and region to provide you a thorough knowledge of the industry. The current and anticipated market trends have been thoroughly considered for each industry category. A thorough market segmentation that describes the sizeable extent of the worldwide market and the viability of investments in distinct market categories is also included in the study's market segmentation section. These descriptions go beyond the potential of fresh initiatives that could soon be successful on the global market.

Market Segmentation & Sub-segmentation included are:

By Form

Granules
Powder
Flakes
Others
By Application

Antimicrobial Agent
Antifungal Agent
Preservative
Rust and Corrosion Inhibitor
Others
By End-user

Cosmetics
Pharmaceuticals
Food & Beverages
Others
Enquire about the Report @ https://www.snsinsider.com/enquiry/3705

Table of Contents – Major Key Points

Introduction
Research Methodology
Market Dynamics
Impact Analysis
COVID-19 Impact Analysis
Impact of Ukraine- Russia war
Impact of ongoing Recession
Value Chain Analysis
Porter’s 5 Forces Model
PEST Analysis
Sodium Benzoate Market Segmentation, By Form
Sodium Benzoate Market Segmentation, By Application
Sodium Benzoate Market Segmentation, By End-user
Regional Analysis
Company Profiles
Competitive Landscape
Conclusion
About US:

SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.

Contact Us:

Akash Anand – Head of Business Development & Strategy

info@snsinsider.com

Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

Website: https://www.snsinsider.com/

Read Our Related Reports:

Butyric Acid Market Report 2023-2030

Oxalic Acid Market Report 2023-2030