The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising demand from the cosmetics industry is likely to promote innovation in sodium benzoate production, propelling the market during the forecast period.

The global sodium benzoate market 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 global sodium benzoate market size is expected to reach $0.74 billion in 2027 at a CAGR of 5.01%.

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Global Sodium Benzoate Market Segments Include:

• By Type: Industrial Grade, Food Grade, Pharmaceutical Grade
• By Form: Powder, Granules, Flakes, Other Forms
• By Distribution Channel: Online Retailer, Offline Retailer
• By Application: Antifungal Agent, Antimicrobial Agent, Rust And Corrosion Inhibitor, Preservative, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global sodium benzoate market in 2021.

Major Market Players in the sodium benzoate market include Foodchem International Corporation, A.M. Food Chemical Co. Limited, Brown Chemical Co.Inc., Wuhan Youji Industry Company Limited, Jarchem Industries Inc., FBC Industries Inc.

Product innovation is a hot trend in the sodium benzoate market. To maintain their market position, major businesses in the sodium benzoate market are focusing on novel goods. Emerald Kalama, a US-based chemicals business, for example, launched Kalama Sodium Benzoate Liquid in January 2021. It is an effective preservative that blends the company’s high-quality sodium benzoate NF/FCC into a one-of-a-kind water-based solution and can improve processing efficiency. At ambient or elevated process temperatures, this liquid can suppress bacteria and yeast and mould in various goods.

The Sodium Benzoate Global Market Report 2023  provides a sodium benzoate market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sodium benzoate market forecast analyzes sodium benzoate market size, sodium benzoate market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Sodium benzoate is an odourless, crystalline powder created by combining benzoic acid and sodium hydroxide.

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