The Sodium Benzoate Global Market Report 2023, provides comprehensive information on the sodium benzoate market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global sodium benzoate market size is expected to grow from $0.58 billion in 2022 to $0.61 billion in 2023 at a compound annual growth rate (CAGR) of 4.51%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sodium benzoate market size is expected to reach $0.74 billion in 2027 at a CAGR of 5.01%.
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Product innovation is a key trend gaining popularity in the sodium benzoate market. Major companies operating in the sodium benzoate market are focused on innovative products to sustain their position. For instance, in January 2021, Emerald Kalama, a US-based chemicals company launched Kalama Sodium Benzoate Liquid. It is an effective preservative that incorporates the firm’s high-quality sodium benzoate NF/FCC into a unique solution in water form and it can improve the processing efficiency. This liquid can inhibit the bacteria, and yeast and can mould in the different products at ambient or elevated process temperatures.
The sodium benzoate market is segmented:
1) By Type: Industrial Grade, Food Grade, Pharmaceutical Grade
2) By Form: Powder, Granules, Flakes, Other Forms
3) By Distribution Channel: Online Retailer, Offline Retailer
4) By Application: Antifungal Agent, Antimicrobial Agent, Rust And Corrosion Inhibitor, Preservative, Other Applications
Asia-Pacific was the largest region in the sodium benzoate market in 2022.
The table of contents in TBRC’s sodium benzoate market report includes:
1. Executive Summary
2. Sodium Benzoate Market Characteristics\
3. Sodium Benzoate Market Trends And Strategies\
4. Sodium Benzoate Market – Macro Economic Scenario
5. Sodium Benzoate Market Size And Growth
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26. Africa Sodium Benzoate Market
27. Sodium Benzoate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sodium Benzoate Market
29. Sodium Benzoate Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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