Sodium Benzoate Market - Forecast(2024 - 2030)

Report Code: CMR 0843 Report Format: PDF + Excel
Sodium Benzoate Market Overview:
Sodium Benzoate is used as a food preservative in packed goods. Especially for those food products in the acidic pH range such as soft drinks, pickles jams and so on. It is also used in cosmetic and personal care products as well as pharmaceuticals due to its preservative properties and as an adjuvant. Major markets for this Products are the US, Europe and the Asia Pacific region.

Sodium Benzoate Market Outlook:
Sodium Benzoate is the Sodium Salt of Benzoic Acid. It is produced by reacting Benzoic Acid with Sodium hydroxide. Sodium Benzoate is a crystalline salt that is sold in the form of powder, granules, flakes and noodles and even as submicron and nanopowders. It is an important additive in the food Industry and an intermediate in the pharmaceutical Industry, used as a preservative due to its antimicrobial and antifungal properties. It is also used as a flavoring agents and adjuvant in the food and beverage Industry. It also has rust and corrosion inhibiting properties due to which it finds use in the Manufacturing Sector. Apart from these it also has application in Cosmetic and personal care products.

Sodium Benzoate Market Growth drivers:
An important growth driver for the Sodium Benzoate market is its use in the food industry as a synthetic preservative. It’s primarily used in products in the lower pH range as anti-microbial in carbonated drinks, jams, pickles, salad dressings and many more. Due to its low cost, ease of processing and colorlessness it is a popular preservative in the food industry. It is also used in the pharmaceutical industry as a preservative in the in liquid pharmaceutical preparations. Both Pharmaceuticals and the Food Industry are growing sectors due to increasing global population and are major growth drivers for the Sodium Benzoate Market.

Sodium Benzoate Market Challenges:
Sodium benzoate though a popular additive within the industries, has many substitutes available for both food and pharmaceuticals in the market due to which there is a constraint on the market share of Sodium Benzoate.
Increasing awareness regarding the usage of synthetic food additives and its side effects among the general populace is posing as a critical challenge for the Sodium Benzoate market. The demand for natural additives in food items is pushing the growth of Natural food additives market which can disrupt the Sodium Benzoate Market in the food industry.

Sodium Benzoate Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Sodium Benzoate Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.

Sodium Benzoate (SAP) Market Report: Industry Coverage

Sodium Benzoate Market– By Form: Powder, Granules, Flakes, Noodles, Nanopowders and others.

Sodium Benzoate  Market– By Grades and Standards: Grade:Food Grade, Laboratory Grade, Analytical Grade and others; Standards: US Pharmacopeia (USP) and National Formulatory (NF), European Pharmacopeia (EP/PhEur), British Pharmacopeia (BP), Japanese Pharmacopeia (JP), Food Chemical Codex (FCC), Halal, Kosher and others.

Sodium Benzoate Market – By Application: Antifungal Agent, Antimicrobial Agent, Flavoring agent, Rust and corrosion Inhibitor, Mosquito Repellant, Adjuvant, Mildew Inhibitor, Preservative, Fragrant, Chemical intermediate and others.

Sodium Benzoate Market – By End User Industry: Pharmaceutical Industry, Manufacturing Industry, Food and beverages Industry, Packaging Industry, Personal Care and Hygiene Industry, Cosmetic Industry and others.

The Sodium Benzoate Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia

Sodium Benzoate Market Key Players Perspective:
Some of the Key players in this market that have been studied for this report include: Sigma Aldrich, Eastman Company, Foodchem International Corporation, A.M. Food Chemical Co. Limited, Wuhan Youji Industries Co., Ltd. DuPont de Nemours Company, Avantor inc., American elemnts, Rishi Chemicals, Penta Chemicals and many more.

Market Research and Market Trends of Sodium Benzoate Market
  • A major trend that is seen in the market is the growing concern over synthetic additives in food and personal care products. This will have a negative impact on the Sodium Benzoate Market as the Food industry, one of its primary end user industry, shifts to natural products as additives.
  • Recent medical research has shown Sodium Benzoate to help improve symptoms in clozapine-resistant schizophrenic patients thus providing the patients a new option as clozapine is the last medication that is provided to patients with refractory schizophrenia and the clozapine-resistant patients are considered almost untreatable until this research which has shown positive results. Its use in medicines is also expected to grow due to the growing pharmaceutical industry.
  • Rising demand for packaged food in the Asian Pacific countries due to growing population levels and improving economic conditions and the phase out from the western market will push the market for Sodium benzoate as food additive toward the APAC region.
1. Sodium Benzoate  Market - Overview
1.1. Definitions and Scope
2. Sodium Benzoate  Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Sodium Benzoate  Market 
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis 
4. Sodium Benzoate  Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes 
5. Sodium Benzoate  Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
6. Sodium Benzoate  Market– By Form (Market Size -$Million / $Billion)
6.1. Segment type Size and Market Share Analysis 
6.2. Application Revenue and Trends by type of Application
6.3. Application Segment Analysis by Type
6.3.1. Powder
6.3.2. Granules
6.3.3. Flakes
6.3.4. Noodles
6.3.5. Nanopowders
6.3.6. Others
7. Sodium Benzoate  Market– By Grades and Standards (Market Size -$Million / $Billion)
7.1. Grade:
7.1.1. Food Grade
7.1.2. Laboratory Grade
7.1.3. Analytical Grade
7.1.4. Others
7.2. Standards:
7.2.1. US Pharmacopeia (USP) and National Formulatory (NF)
7.2.2. European Pharmacopeia (EP/PhEur)
7.2.3. British Pharmacopeia (BP)
7.2.4. Japanese Pharmacopeia (JP)
7.2.5. Food Chemical Codex (FCC)
7.2.6. Halal
7.2.7. Kosher
7.2.8. Others
8. Sodium Benzoate  Market – By Application (Market Size -$Million / $Billion)
8.1. Antifungal Agent
8.2. Antimicrobial Agent
8.3. Flavoring agent
8.4. Rust and corrosion Inhibitor
8.5. Mosquito Repellant
8.6. Adjuvant
8.7. Mildew Inhibitor
8.8. Preservative 
8.9. Fragrant
8.10. Chemical intermediate
8.11. Others
9. Sodium Benzoate  Market – By End User Industry (Market Size -$Million / $Billion)
9.1. Market Size and Market Share Analysis 
9.2. Application Revenue and Trend Research
9.3. Product Segment Analysis
9.3.1. Pharmaceutical Industry
9.3.2. Manufacturing Industry
9.3.3. Food and beverages Industry
9.3.4. Packaging Industry
9.3.5. Personal Care and Hygiene Industry
9.3.6. Cosmetic Industry
9.3.7. Others
10. Sodium Benzoate - By Geography (Market Size -$Million / $Billion)
10.1. Sodium Benzoate Market - North America Segment Research
10.2. North America Market Research (Million / $Billion)
10.2.1. Segment type Size and Market Size Analysis 
10.2.2. Revenue and Trends
10.2.3. Application Revenue and Trends by type of Application
10.2.4. Company Revenue and Product Analysis
10.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
10.3. Sodium Benzoate - South America Segment Research
10.4. South America Market Research (Market Size -$Million / $Billion)
10.4.1. Segment type Size and Market Size Analysis 
10.4.2. Revenue and Trends
10.4.3. Application Revenue and Trends by type of Application
10.4.4. Company Revenue and Product Analysis
10.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
10.5. Sodium Benzoate - Europe Segment Research
10.6. Europe Market Research (Market Size -$Million / $Billion)
10.6.1. Segment type Size and Market Size Analysis 
10.6.2. Revenue and Trends
10.6.3. Application Revenue and Trends by type of Application
10.6.4. Company Revenue and Product Analysis
10.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
10.7. Sodium Benzoate – APAC Segment Research
10.8. APAC Market Research (Market Size -$Million / $Billion)
10.8.1. Segment type Size and Market Size Analysis 
10.8.2. Revenue and Trends
10.8.3. Application Revenue and Trends by type of Application
10.8.4. Company Revenue and Product Analysis
10.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
11. Sodium Benzoate Market - Entropy
11.1. New product launches
11.2. M&A's, collaborations, JVs and partnerships
12. Sodium Benzoate Market – Industry / Segment Competition landscape Premium
12.1. Market Share Analysis
12.1.1. Market Share by Country- Top companies
12.1.2. Market Share by Region- Top 10 companies
12.1.3. Market Share by type of Application – Top 10 companies
12.1.4. Market Share by type of Product / Product category- Top 10 companies
12.1.5. Market Share at global level- Top 10 companies
12.1.6. Best Practises for companies
13. Sodium Benzoate Market – Key Company List by Country Premium
14. Sodium Benzoate Market Company Analysis
14.1. Market Share, Company Revenue, Products, M&A, Developments
14.2. Sigma Aldrich, Eastman Company
14.3. Foodchem International Corporation
14.4. A.M. Food Chemical Co. Limited
14.5. Wuhan Youji Industries Co. Ltd. 
14.6. DuPont de Nemours Company
14.7. Avantor inc.
14.8. American elemnts
14.9. Rishi Chemicals
14.10. Penta Chemicals 
14.11. Company 10
14.12. Company 11
14.13. Company 12 and more
"*Financials would be provided on a best efforts basis for private companies"
15. Sodium Benzoate Market -Appendix
15.1. Abbreviations
15.2. Sources
16. Sodium Benzoate Market -Methodology Premium
16.1. Research Methodology
16.1.1. Company Expert Interviews
16.1.2. Industry Databases
16.1.3. Associations
16.1.4. Company News
16.1.5. Company Annual Reports
16.1.6. Application Trends
16.1.7. New Products and Product database
16.1.8. Company Transcripts
16.1.9. R&D Trends
16.1.10. Key Opinion Leaders Interviews
16.1.10. Supply and Demand Trends