Sodium Benzoate Global Market Report 2024

The sodium benzoate market size has grown strongly in recent years. It will grow from $0.61 billion in 2023 to $0.64 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The historical growth in the utilization of sodium benzoate during the past period can be attributed to several contributing factors. These include the demands for stability and extended shelf life of products, the expansion and evolution of the beverage sector, the globalization trends witnessed within the food industry, shifts in consumer lifestyles influencing preferences, and the necessary regulatory approvals to meet industry standards and guidelines. These combined factors played a significant role in driving the increased usage of sodium benzoate.

The sodium benzoate market size is expected to see strong growth in the next few years. It will grow to $0.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forthcoming period is expected to be fueled by various factors such as the rise in demand for organic preservatives, particularly in developing regions, the increasing popularity of clean label trends, regulatory shifts influencing product formulations, and the expansion of the beverage industry. Key trends projected for this period encompass initiatives aimed at consumer education regarding food safety, the growing market for allergen-free products, an increased emphasis on transparency in product labeling, innovations in packaging methodologies, and the substitution of sodium benzoate in personal care products as part of industry-wide changes.

The sodium benzoate market is anticipated to experience growth driven by heightened demand from the cosmetics industry. Cosmetics, encompassing health and beauty products, utilize sodium benzoate as a preservative to inhibit bacterial and fungal growth. Notably, the global cosmetics sector, valued at $228 billion in 2021 according to Loreal, a leading French cosmetic manufacturer, underscores the substantial market opportunity. The surge in demand from the cosmetics industry is a pivotal factor propelling the sodium benzoate market's expansion.

Anticipated growth in the sodium benzoate market is attributed to the escalating demand within the food and beverage industry. This sector, encompassing the processing, packaging, and distribution of raw food, extensively relies on sodium benzoate as a preservative due to its efficacy against bacteria, mold, and yeast. In 2023, the Food & Drink Federation reported that Scotland registered 1,185 companies involved in food and beverage manufacturing. The sector also witnessed a 31% increase in food and beverage exports, reaching $10.18 billion (£8.1 billion) in 2022. With food and beverages turnover accounting for $12.5 billion (£10.3 billion) in the same year, the rising demand from end users, particularly the food and beverage industry, is a key driver of the sodium benzoate market's growth.

A noteworthy trend shaping the sodium benzoate market is product innovation, embraced by major industry players to maintain their competitive edge. Companies, recognizing the importance of innovation, focus on introducing novel products. For instance, in January 2021, Emerald Kalama, a US-based chemicals company, unveiled Kalama Sodium Benzoate Liquid. This innovative solution incorporates high-quality sodium benzoate NF/FCC into a water-based formulation, enhancing processing efficiency. The liquid serves as an effective preservative, inhibiting bacteria, yeast, and mold in various products, even under ambient or elevated process temperatures. Product innovation stands as a key strategy employed by industry leaders to stay ahead in the dynamic sodium benzoate market.

Leading companies in the sodium benzoate market are strategically collaborating to introduce innovative products. Strategic partnerships involve leveraging the strengths and resources of each entity to achieve mutual benefits and success. An illustrative example is the partnership between Fosun Pharma USA Inc., the US-based subsidiary of Shanghai Fosun Pharmaceutical (Group) Co., Ltd, a Chinese pharmaceutical company, and MAIA Pharmaceuticals, Inc., a New Jersey-based specialty pharmaceutical company. In September 2022, they jointly announced the commercialization of the FDA-approved 20ml Sodium Phenylacetate and Sodium Benzoate (SPSB) liquid product, representing a significant advancement in providing critical medicinal medication.

In August 2021, LANXESS, a Germany-based cosmetics and personal care product manufacturer, made a strategic move by acquiring Emerald Kalama for $1.04 billion (EUR 870 million). Emerald Kalama, a US-based chemicals company specializing in various forms of Sodium benzoate, became a part of LANXESS through this acquisition. The integration of both companies resulted in the formation of a new Flavors and Fragrances business unit within LANXESS. This strategic acquisition strengthens LANXESS's position in the market and enhances its capabilities in producing and delivering sodium benzoate for diverse applications.

Major companies operating in the sodium benzoate market report are 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.

Asia-Pacific was the largest region in the sodium benzoate market in 2023. The regions covered in the sodium benzoate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sodium benzoate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary classifications of sodium benzoate include industrial grade, food grade, and pharmaceutical grade. Industrial-grade variants, designed for industrial use, possess resilience to harsher conditions compared to those intended for consumer applications. Available in diverse forms such as powder, granules, flakes, and more, sodium benzoate is distributed through multiple channels including online and offline retailers. It finds application across various sectors for functions such as antifungal and antimicrobial properties, as well as serving as rust and corrosion inhibitors, preservatives, among other uses.

The sodium benzoate market research report is one of a series of new reports that provides sodium benzoate market statistics, including sodium benzoate industry global market size, regional shares, competitors with a sodium benzoate market share, detailed sodium benzoate market segments, market trends, and opportunities, and any further data you may need to thrive in the sodium benzoate industry. This sodium benzoate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.