Sodium Benzoate Market Size Share worth USD: Industrial Trends, Report, Analysis, Players, Outlook, Forecast, Growth, Value, Segmentation
"Insights covered in the wide ranging Sodium Benzoate Market report enable the buyer of the report to achieve a telescopic view of the competitive landscape and plan the business strategies accordingly to thrive in the market. An expert team, in coordination with project managers, presents the clients on every strategic aspect including product development, key areas of development, application modelling, use of technologies, the acquisition strategies, exploring niche growth opportunities and new markets. What is more, an all-inclusive Sodium Benzoate Market report underlines various strategies that are used by top market players in the Sodium Benzoate Market industry. Market research reports are very influential in many ways to grow business.
Besides, Sodium Benzoate Marketing research report assists in planning by providing accurate and state-of-the-art information about the consumer’s demands, their buying preferences, attitudes and their changing tastes about the specific product. The report deals with several markets internationally including Asia, North America, South America, and Africa in accord with the client’s needs. To acquire knowledge about the current and future market status, global, local and regional level is considered in this report which offers business insights at the extensive marketplace. The winning Sodium Benzoate Market report also illustrates the CAGR values for the historic year 2020, the base year 2021, and the forecast for the year 2023-2030.
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The use of natural preservatives derived from plants and animals is becoming more popular in the food preservatives market. Synthetic preservatives were previously preferred because they were effective. Consumers have recently shifted to preservative-free, natural, or organic food products. As a result, the food industry is developing preservatives that are as effective as natural ones.
Data Bridge Market Research analyses that the sodium benzoate market was valued at USD 589.3 million in 2021 and is expected to reach the value of USD 806.50 million by 2029, at a CAGR of 4.00% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Sodium Benzoate Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Form (Powder, Granules, Flakes, and Others), By Application (Antifungal Agent, Antimicrobial Agent, Rust and Corrosion Inhibitor, Preservative, and Others), By End-User (Food & Beverages, Cosmetics, Pharmaceuticals, and Others) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | ADM (U.S.), Sysco Corporation (U.S.), Conagra Foodservice, Inc. (U.S.), Royal Ridge Fruits (U.S.), Capricorn Food Products India Ltd. (India), ALFA LAVAL (Sweden), Tricom Fruit Products Limited (India), Capuzzo S.r.l. (Italy), Freudenberg Group (Germany), Saraf Foods Ltd (India), Mysore Fruits (India), Rhodes Food Group (South Africa), Del Monte (U.S.), MANDAR FOOD PRODUCTS (India), AOHATA CORPORATION. (Japan), Reid Produce Co. (U.S.), Speyfruit Ltd. (U.K.), PACIFIC COAST FRUIT COMPANY (U.S.), Washington Fruit & Produce Co (U.S.) |
Opportunities |
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Market Definition
Sodium benzoate is a food preservative used in packaged goods. Especially for acidic pH food products like soft drinks, pickles, jams, and so on. Because of its preservative and adjuvant properties are also used in cosmetics, personal care products, and pharmaceuticals.
Drivers
- Global rising trend of consuming high quality processed food
The growing demand for processed foods as a result of their ease of storage and longer shelf life, as well as changing lifestyles, is fuelling the growth of the sodium benzoate market. Furthermore, the specificity of preservatives in biochemical reactions and the increasing demand for higher quality juices and beverages are some of the factors driving market growth. Furthermore, rising disposable income and increased awareness of healthy and high-quality nutritious food positively impact market growth.
- High application from the medical industry is augmenting market growth
Sodium benzoate also has medical applications, as it can be used to treat urea cycle disorders and hyper ammonemia. The increased use of this compound in the pharmaceutical industry, combined with rising pharmaceutical investment, is expected to boost the global sodium benzoate market. In the manufacturing industry, sodium benzoate is used to prevent rust and corrosion.
Opportunities
Globalization is the most important factor in connecting countries through trade. Similarly, it is the primary reason for developed nations' affluent GDPs. Similarly, as developing countries increase their exports, the purchasing power of the general public living in these countries grows. As a result, people can now afford convenience foods and meat. People with active lifestyles are gravitating toward ready-made, convenient foods. As a result of the increased demand for convenient food, the demand for its extended shelf life is increasing, driving the overall preservative industry.
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Table of Contents for a Sodium Benzoate Market Research Article:
- Introduction
- Background and Overview
- Objective of the Study
- Scope of the Sodium Benzoate Market Research
- Methodology
- Data Collection
- Data Analysis
- Research Approach
- Sampling Techniques
- Research Instruments
- Executive Summary
- Key Findings
- Sodium Benzoate Market Overview
- Sodium Benzoate Market Trends and Insights
- Sodium Benzoate Market Overview
- Sodium Benzoate Market Definition
- Sodium Benzoate Market Segmentation
- Sodium Benzoate Market Size and Growth Rate
- Sodium Benzoate Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porter's Five Forces Analysis
- Sodium Benzoate Market Trends and Insights
- Emerging Technologies
- Consumer Behavior and Preferences
- Regulatory Landscape
- Competitive Analysis
- Sodium Benzoate Market Segmentation
- Product Type
- Application
- Region
- End-User
- Other Relevant Segments
- Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Competitive Landscape
- Sodium Benzoate Market Share Analysis
- Key Players Profiles
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments
Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-sodium-benzoate-market
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