Increasing demand for sodium benzoate in online retails especially in the emerging nations coupled with high investment in R&D of sodium benzoate, is fueling the market growth.
Sodium Benzoate Market Size – USD 427.3 Million in 2018, Growth – CAGR of 4.2%, Trends – Increase in demand for Sodium Benzoate as food preserving additive in foods & beverages.
The Global Sodium Benzoate Market is forecast to reach USD 597.6 Million by 2027, according to a new report by Reports and Data. Sodium Benzoate is an odorless partly hygroscopic crystalline common potassium salt of benzoic acid with alkalinizing property, which is manufactured by complete neutralization of benzoic acid with a high purity sodium carbonate or sodium bicarbonate or sodium hydroxide and subsequent crystallization. Sodium benzoate is approved by the European Union (EU) and European Free Trade Association (EFTA) as a safe food additive with a distinctive E-Number of E211. The global market is growing at a substantial pace due to the growing demand for sodium benzoates in food preserving applications and ornithine cycle disorder treatment. Continuous expansion of the food & beverage industries has directly influenced the growth of sodium benzoate as this chemical is utilized in the food-grade applications for preservation, flavor adjustment & enhancement, and buffering, among others.
The Asia Pacific region is expected to retain its dominance in the global market. The market is North America is growing at a significant pace due to the extensive use of sodium benzoate in food preservatives and the healthcare applications. China and India are some of the fastest-growing markets in the world, while the Netherlands and the United States hold some of the most prominent players in the market.
Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/2660
Top Lading Players: Foodchem International Corporation, Wuhan Youji Industries Co., Ltd., DuPont de Nemours, Inc., Huangshi Xinghua Biochemical Co., Ltd., Akzo Nobel N.V., Eastman Chemical Company, Emerald Performance Materials, AM Food Chemical Co. Ltd., American Tartaric Products, and FBC Industries Inc., among others.
Some Key Highlights from the Report:
- Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing is expected to gain a market share of 33.9% by 2027.
- Sodium Benzoate acidulants are used in food & beverage applications as additives that provide a sharp taste in food items with assisting in the setting of gels to act as preservatives also. Also, Sodium Benzoate sequestering agents are used in foods & beverages so that they can stabilize the inner molecule and prevent deterioration in food color & aroma.
- European region is forecasted to witness significant growth in the overall market, with 15.6% of market possession by 2027, having grown with a CAGR of 1.9% during the forecast period. The Netherlands holds some of the most prominent players in this region.
- North America, with its high demand for sodium benzoate food preservative & antifoulants, is accounted to retain a significant position in the global market by 2027, and the CAGR is calculated to be 4.6% during the forecast period.
Segments covered in the report:
Distribution Channel Outlook (Revenue, USD Million; 2016-2027)
- Online Retailing
- Offline Retailing
Application Outlook (Revenue, USD Million; 2016-2027)
- Food Preservative & Acidulant
- Antifoulants
- Buffering Agent
- Other Applications
End-Use Verticals Outlook (Revenue, USD Million; 2016-2027)
- Food & Beverage Industry
- Medical & Pharmaceutical
- Personal Care Products
- Others
Ask for Customize Research Report: https://www.reportsanddata.com/request-customization-form/2660
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Browse More Related Research Reports:
Energy Retrofit Systems Market:https://www.digitaljournal.com/pr/news/energy-retrofit-market-size-was-valued-at-usd-82-3-billion-at-a-cagr-of-8-9-by-2032-reports-and-data
Lubricants for Wind Turbine Market:https://www.digitaljournal.com/pr/news/lubricants-for-wind-turbine-market-to-reach-usd-307-57-million-at-a-cagr-of-8-16-by-2030-reports-and-data
Biodegradable Plastics Market:https://www.digitaljournal.com/pr/news/biodegradable-plastics-market-size-to-reach-usd-12-80-billion-at-a-cagr-of-15-5-by-2028-reports-and-data
About Us:Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports
Exclusive For You!
🚀 Ready to take your business to the next level? Look no further than Walltronix! We're your go-to experts for all things digital, dedicated to helping businesses of all sizes thrive. 🌟 Imagine a future where innovation and creativity reign supreme. That's what we're all about. 🎨 From jaw-dropping design and development to turbocharged SEO services, we've got your digital needs covered. 💻✨ Join us on this exciting journey to digital success! 🌐💼
Walltronix core services encompass:
- Digital & Social Media Marketing
- Website Design & Development
- E-commerce Development
- Native Mobile Applications
- Web & SaaS Applications
- SEO & Backlink Generation
- Content Management
- Blog creation & monetization
Unlocking Your Potential with Walltronix:
Discover a range of Free invaluable tools, thoughtfully crafted to enhance your digital journey:
- Bolt: Website audit & SEO report generator Tool
- The SMS City: Premium WhatsApp & SMS messaging Platform
- Sizzly: Advanced URL shortner, Custom CTA, Bio Pages & much More
- Optimus: Track live website visitors & traffic
- Mosh: Ultimate website widgets & conversion generator
Elevate your digital presence and engage your audience effectively with Walltronix. Join hands with us, and let's shape your digital future together.
Visit Website
Mail Us
WhatsApp Us
Our Portfolios
