Sodium Benzoate Market Size

SkyQuest Technology's Sodium benzoate market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Sodium Benzoate Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Sodium Benzoate Market Insights

Global Sodium Benzoate Market size was valued at USD 292.6 million in 2023 and is poised to grow from USD 306.6 million in 2024 to USD 456.45 million by 2032, growing at a CAGR of 5.11% during the forecast period (2025-2032).

The prevalence of skipping meals, such as breakfast, has increased consumer desire for processed & packaged food and beverages in many European nations, thereby propelling growth for the global sodium benzoate market. The industry has been driven by the use of preservatives, such as sodium benzoate, that are a necessary component of processed food and drinks.

The channel's collaborators noticed a considerable decline in demand as a result of the stoppage. As a result, the majority of our trading partners had larger inventory levels, in order to be unable to settle any remaining stock with them. Due to the COVID-19 pandemic, manufacturers of sodium benzoate encountered a significant disruption in the material's supply chain during the initial two quarters of 2020. One of the major market growth drivers is the use of sodium benzoate for its synthetic preservation in the food industry. In lower pH items like jams, dressings for salads, carbonated drinks, pickles, etcIt is primarily used as an antimicrobial. Due to its low cost, colorlessness, and ease of manufacture, it is a widely used food preservative. In the pharmaceutical industry, it is also used as a form of preservation in liquid medicinal formulations.

The food sector and pharmaceuticals have grown into industries expected to drive the market due to the growing global population. The market has grown as a result of factors such rising consumer awareness, urbanization, rising need for medical supplies, and the expansion of the packaged food industry. In the coming years, market growth is expected to be constrained by rising public awareness of the risks associated with synthetic preservatives, notably in North America and Europe.

Government authorities in North America and Europe have rigorous regulations and strict oversight for the use of hazardous chemicals in beauty products, food, and pharmaceutical products, which may have an impact on how quickly the industry grows. Though sodium benzoate is a widely used ingredient in the industry, there are numerous alternatives on the marketplace for both food and drugs, which has reduced sodium benzoate's market share.

US Sodium Benzoate Market is poised to grow at a sustainable CAGR for the next forecast year.

Sodium Benzoate Market Report Snapshots

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Global Sodium Benzoate Market size was valued at USD 292.6 million in 2023 and is poised to grow from USD 307.52 million in 2024 to USD 457.82 million by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).

Due to the presence of numerous international and regional market competitors, the industry is fragmented. To increase their market share, top industry players are using methods like alliances, partnerships, joint ventures, acquisitions, and mergers. In March 2022, Ganesh Benzoplast Ltd., Golden Agri International Enterprises Pte. Limited, KN Agri Resources Ltd., and other investors entered the ethanol production as well as Extra Neutral Alcohol (ENA) market by acquiring a 100 percent stake in Sagar Industries, a distillery in Nasik, Maharashtra, India. 'Lanxess AG ', 'Merck KGaA ', 'Univar Solutions Inc. ', 'Jungbunzlauer ', 'Vertellus ', 'Hawkins Inc. ', 'Wuhan Youji Holdings Ltd. ', 'Sisco Research Laboratories Pvt. Ltd. (SRL) ', 'Tianji Dongda Chemical Group Company Ltd. ', 'Spectrum Chemical Mfg. Corp. ', 'FBC Industries, Inc. ', 'Ases Chemical Works ', 'Ganesh Benzoplast Limited ', 'Shandong Ruiheng Biotechnology Co., Ltd. ', 'Tengzhou Tenglong Chemical Co. Ltd. ', 'Foodchem ', 'Novaphene ', 'Ataman Kimya A.S. Inc. ', 'Penta Manufacturing Company ', 'Wuhan Biet Co., Ltd. ', 'Dastech International, Inc. ', 'Shandong Tongtai Weirun Chemical Co., Ltd. '

The demand for processed and convenience foods is on the rise globally, driven by factors such as changing lifestyles, urbanization, and busy schedules. Sodium benzoate is widely used as a preservative in these food products to enhance their shelf life and prevent microbial spoilage, thus driving the demand for sodium benzoate.

Growing Demand for Clean Label Ingredients: There is an increasing consumer preference for clean label products, which has influenced the sodium benzoate market. Clean label ingredients, including preservatives, are those perceived as natural and free from artificial additives. Manufacturers are responding to this trend by offering sodium benzoate derived from natural sources or exploring alternative natural preservatives.

The market in Asia Pacific held a 16.2% revenue share in 2022. Due to higher demand from end-user industries and decreased feedstock prices, sodium benzoate prices rose in Asia Pacific in the first month of 2022. Due to rising disposable income and population growth, sodium benzoate demand in the food and cosmetics industries expanded. As a result, sodium benzoate prices increased on the domestic market.

Sodium Benzoate Market Size

Sodium Benzoate Market Insights

Sodium Benzoate Market Report Snapshots

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