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Global Sodium Benzoate Market Size, Share & Trends Analysis Report by Form (Powder, Granule), by Application (Beverage & Food, Cosmetics, Pharmaceuticals), by Region, and Segment Forecasts, 2022-2030

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    Report

  • 80 Pages
  • July 2022
  • Region: Global
  • Grand View Research
  • ID: 5644976
The global sodium benzoate market size is anticipated to reach USD 2.1 billion by 2030. The market is expected to expand at a CAGR of 6.1% from 2022 to 2030. Due to the rising worldwide population, the food industry and pharmaceuticals are expanding industries that are expected to drive the market. Factors such as increased consumer awareness, increased urbanization, demand for medicinal supplies, and the growth of the packaged food business have propelled the expansion of the market.

The COVID-19 pandemic had a negative impact on economies and businesses in a number of countries due to lockdowns, travel restrictions, and business closures. Government restrictions were established in response to the pandemic which disrupted manufacturing processes in a number of countries.

The latest clinical study has shown that sodium benzoate can help to improve symptoms in clozapine-resistant schizophrenic patients, giving patients a new option. Clozapine is the last medication given to patients with refractory schizophrenia, and clozapine-resistant patients were thought to be incurable till this study showed positive outcomes. Its use in medicines is also projected to increase as the pharmaceutical industry expands.

Sodium Benzoate Market Report Highlights

  • The powder segment led the market and accounted for 60.9% of the global revenue share in 2021. The granules segment is expected to witness a CAGR of 5.4 % over the forecast period. Sodium benzoate granules has numerous applications in various industries. As dry form is an excellent option due to its solubility and colorlessness
  • Companies are focusing on innovation and developing new products to deliver best-in-class products to the consumers. For instance, in September 2021, Kerry Group, an Irish organization, announced the completion of its acquisition of preservatives manufacturer Niacet. The acquisition is expected to strengthen Kerry Group's industry leadership by adding complementary technologies, resulting in a wider range of preservation solutions and innovative food protection systems
  • The cosmetics segment is expected to register the fastest growth rate of 6.9% over the forecast period. The growing consumer awareness of aesthetics and appearance, as well as the launch of new companies and startups in the cosmetic industry, are driving segment growth
  • The food and beverages segment dominated the market and accounted for 45.3 % of the global revenue shares in 2021. It is utilized as an anti-mold and anti-fungal feed additive in agriculture, and it is compatible with lactic acid bacteria applied during ensiling
  • In January 2022, LANXESS and Matrìca joined forces to develop sustainable preservatives made from bio-based renewable raw materials. LANXESS is a German specialty chemicals firm and its material protection products business segment develops and markets disinfectants, preservatives and biocides for various microbial control applications


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Frequently Asked Questions about the Global Sodium Benzoate Market

What is the estimated value of the Global Sodium Benzoate Market?

The Global Sodium Benzoate Market was estimated to be valued at $1.29 Billion in 2022.

What is the growth rate of the Global Sodium Benzoate Market?

The growth rate of the Global Sodium Benzoate Market is 6.1%, with an estimated value of $2.1 Billion by 2030.

What is the forecasted size of the Global Sodium Benzoate Market?

The Global Sodium Benzoate Market is estimated to be worth $2.1 Billion by 2030.

Who are the key companies in the Global Sodium Benzoate Market?

Key companies in the Global Sodium Benzoate Market include Foodchem International Corporation, Avantor Inc., MERCK KgaA, Ganesh Benzoplast Ltd., Spectrum Chemical, Wuhan Youji Industry Co. Ltd, FCB Industries, Tengzhou Tenglong Chemical Co., Ltd., CELLMARK AB and A.M FOOD CHEMICAL CO., LIMITED.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third - Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Sodium Benzoate Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Segmentation & Scope
3.3. Penetration & Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.5. Regulatory Framework
3.6. Technology Overview
3.7. Sodium Benzoate Market - Market Dynamics
3.7.1. Market Driver Analysis
3.7.2. Market Restraint Analysis
3.8. Business Environment Analysis: Sodium Benzoate Market
3.8.1. Industry Analysis - Porter’s
3.8.1.1. Supplier Power
3.8.1.2. Buyer Power
3.8.1.3. Substitution Threat
3.8.1.4. Threat from New Entrants
3.8.1.5. Competitive Rivalry
3.8.2. PESTEL Analysis
3.8.2.1. Political Landscape
3.8.2.2. Environmental Landscape
3.8.2.3. Social Landscape
3.8.2.4. Technology Landscape
3.8.2.5. Economic Landscape
3.8.2.6. Legal Landscape
Chapter 4. COVID - 19 Impact Analysis
4.1. Impact of COVID - 19 on Global Sodium Benzoate Market
Chapter 5. Sodium Benzoate Market: Form Estimates & Trend Analysis
5.1. Sodium Benzoate Market: Form Movement Analysis, 2022 & 2030
5.2. Powder
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
5.3. Granules
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
5.4. Others
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Sodium Benzoate Market: Application Estimates & Trend Analysis
6.1. Sodium Benzoate Market: Application Movement Analysis, 2022 & 2030
6.2. Beverage & Food
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.3. Cosmetic
6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.4. Pharmaceuticals
6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
6.5. Others
6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Sodium Benzoate Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.2.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.2.4. U.S.
7.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.2.4.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.2.5. Canada
7.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.2.5.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.2.6. Mexico
7.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.2.6.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.3. Europe
7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.3.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.3.4. Germany
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.3.4.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.3.5. France
7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.3.5.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.3.6. U.K.
7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.3.6.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.3.7. Italy
7.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.3.7.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.4. Asia Pacific
7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.4.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.4.4. China
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.4.4.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.4.5. Japan
7.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.4.5.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.4.6. India
7.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.4.6.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.4.7. Australia
7.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.4.7.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.4.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.4.8. South Korea
7.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.4.8.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.4.8.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.5. Central & South America
7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.5.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.5.4. Brazil
7.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.5.4.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.6. Middle East & Africa
7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.6.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
7.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 8. Sodium Benzoate Market: Competitive Analysis
8.1. Key Players, Recent Developments & Their Impact on the Industry
8.2. Major Deals & Strategic Alliance Analysis
8.3. Vendor Landscape
8.3.1. Raw End - use Suppliers
8.3.2. List of Manufacturers
8.3.3. End - user Industries
Chapter 9. Company Profiles
9.1. Foodchem International Corporation
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Strategic Initiatives
9.2. Avantor Inc.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Strategic Initiatives
9.3. MERCK KgaA
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. End - use Benchmarking
9.4. Ganesh Benzoplast Ltd.
9.4.1. Company Overview
9.4.2. Financial Performance
9.5. Spectrum Chemical
9.5.1. Company Overview
9.5.2. Financial Performance
9.6. Wuhan Youji Industry Co. Ltd
9.6.1. Company Overview
9.6.2. Financial Performance
9.7. FCB Industries
9.7.1. Company Overview
9.7.2. Financial Performance
9.8. Tengzhou Tenglong Chemical Co., Ltd.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Strategic Initiatives
9.9. CELLMARK AB
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Strategic Initiatives
9.10. A.M FOOD CHEMICAL CO., LIMITED
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Strategic Initiatives
9.11. Hugestone enterprise co. Ltd
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Strategic Initiatives
9.12. PENTA CHEMICAL
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Strategic Initiatives
9.13. DUPOND DE NEMOURS COMPANY
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Strategic Initiatives
9.14. TULSTAR PRODUCT, INC
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Strategic Initiatives
9.15. LANXESS
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Strategic Initiatives
List of Tables
Table 1 Global powder market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 2 Global granule market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 3 Global others market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 4 Global sodium benzoate market estimates and forecasts for beverage & food, 2018-2030 (USD Million) (Kilotons)
Table 5 Global sodium benzoate market estimates and forecasts for cosmetics, 2018-2030 (USD Million) (Kilotons)
Table 6 Global sodium benzoate market estimates and forecasts for pharmaceuticals, 2018-2030 (USD Million) (Kilotons)
Table 7 Global sodium benzoate market estimates and forecasts for others, 2018-2030 (USD Million) (Kilotons)
Table 8 North America sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 9 North America sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 10 North America sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 11 U.S. sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 12 U.S. sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 13 U.S. sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 14 Canada sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 15 Canada sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 16 Canada sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 17 Mexico sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 18 Mexico sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 19 Mexico sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 20 Europe sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 21 Europe sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 22 Europe sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 23 Italy sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 24 Italy sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 25 Italy sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 26 Germany sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 27 Germany sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 28 Germany sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 29 France sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 30 France sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 31 France sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 32 U.K. sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 33 U.K. sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 34 U.K. sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 35 Asia Pacific sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 36 Asia Pacific sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 37 Asia Pacific sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 38 China sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 39 China sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 40 China sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 41 Japan sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 42 Japan sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 43 Japan sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 44 India sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 45 India sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 46 India sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 47 Australia sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 48 Australia sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 49 Australia sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 50 South Korea sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 51 South Korea sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 52 South Korea sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 53 Central & South America sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 54 Central & South America sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 55 Central & South America sodium benzoate market revenue and volume by application, 2018-20230 (USD Million) (Kilotons)
Table 56 Brazil sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 57 Brazil sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 58 Brazil sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
Table 59 Middle East & Africa sodium benzoate market estimates and forecasts, 2018-2030 (USD Million) (Kilotons)
Table 60 Middle East & Africa sodium benzoate market revenue and volume by form, 2018-2030 (USD Million) (Kilotons)
Table 61 Middle East & Africa sodium benzoate market revenue and volume by application, 2018-2030 (USD Million) (Kilotons)
List of Figures
Fig. 1 Information procurement
Fig. 2 Primary research pattern
Fig. 3 Primary research process
Fig. 4 Primary research approaches
Fig. 5 Market snapshot
Fig. 6 Segmental insights
Fig. 7 Segmental insights
Fig. 8 Competitive insights
Fig. 9 Penetration & growth prospect mapping (USD Million) (Kilotons)
Fig. 10 Global sodium benzoate market: Value chain analysis
Fig. 11 Technology overview
Fig. 12 Global sodium benzoate market dynamics
Fig. 13 Global sodium benzoate market: form movement analysis & market share, 2021 & 2030
Fig. 14 Global sodium benzoate market: application movement analysis & market share, 2021 & 2030
Fig. 15 Global sodium benzoate market: regional movement analysis & market share, 2021 & 2030

Companies Mentioned

  • Foodchem International Corporation
  • Avantor Inc.
  • MERCK KgaA
  • Ganesh Benzoplast Ltd.
  • Spectrum Chemical
  • Wuhan Youji Industry Co. Ltd
  • FCB Industries
  • Tengzhou Tenglong Chemical Co., Ltd.
  • CELLMARK AB
  • A.M FOOD CHEMICAL CO., LIMITED
  • Hugestone enterprise co. Ltd
  • PENTA CHEMICAL
  • DUPOND DE NEMOURS COMPANY
  • TULSTAR PRODUCT, INC
  • LANXESS

Methodology

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