Sodium Benzoate Market

Global Sodium Benzoate Market Size, Trends & Analysis - Forecasts to 2026 By 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), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Category Chemicals & Advanced Material

Format

This report was recently updated on April 19 2024 with the latest and most recent market numbers

Sodium Benzoate Market Size

The global sodium benzoate market is projected to grow from USD 589.3 million in 2021 to USD 725.8 million by 2026 at a CAGR value of 3.5% from 2021-2026.

Sodium benzoate is a commonly used preservative in the food and beverages industry. This compound prevents bacteria and fungi from growing but not necessarily killing them. Their antibacterial and antifungal properties have seen them become widely used in various applications. They are used in jams, pickles, carbonated drinks, yogurt, condiments, and other foodstuffs to prolong the shelf life of the products. The compound is also used in the pharmaceutical and cosmetics industry to prevent the growth of bacteria and fungi on product surfaces.

The sodium benzoate market size has been growing considerably in recent years owing to the rising demand for processed foodstuff and canned food items with long expiration dates. These compounds are colorless, cheap, and do not require heavy processing to be used which has contributed to their increased usage in the food & beverages industry since the early 19th century. Sodium benzoate has also found applications in medicine as it can be used to treat urea cycle disorders and hyperammonemia. The increased usage of this compound in the pharmaceutical industry combined with growing investments in the pharmaceuticals industry is envisaged to further enhance the sodium benzoate global market. Sodium benzoate is also used in the manufacturing industry to prevent rust formation and corrosion.

Sodium benzoate is used in mosquito repellents and other cosmetic products to prevent bacterial growth. The growing demand for cosmetic products across the globe will have a positive influence on the sodium benzoate market. The growing population and increasing share of the urban population are expected to further increase the demand for sodium benzoate from the food and beverages industry. The compound is heavily regulated by government bodies such as the U.S FDA as the compound can be harmful in heavy concentrations and when used with pH levels above 4.5. The stringent regulations on the food and beverages industry in developed regions such as North America and Europe are expected to hamper the growth of the market. The growing awareness of harmful preservatives and increasing demand for fresh and organic food from consumers will also restrain the potential growth of the market. The growing number of substitutes for sodium benzoate is also expected to impact the growth of the sodium benzoate market.

global sodium benzoate market

Sodium Benzoate Market: By Form

Based on the form in which sodium benzoate is present, the market can be segmented into powder, flakes, granules, and others. The powder segment is expected to hold the dominant share of the market during the forecast period. Powders are generally easier to store and transport. They can be easily dissolved and costs less to transport and store. Increased dissolvability and preference of consumers for sodium benzoate powder have been the major drivers of the segment. The powder segment is also expected to show the fastest growth rate among all segments during the forecast period.

Sodium Benzoate Market: By Application

Based on the various applications of this compound, the market is segmented into antifungal agents, antimicrobial agents, rust and corrosion inhibitor, preservative, and others. The preservative segment is envisaged to hold the lion’s share of the market in terms of revenue during the forecast period.

Sodium Benzoate Market: By End-User

Based on the end-users of sodium benzoate, the market is segmented into food & beverages, cosmetics, pharmaceuticals, and others. The food and beverages industry held the largest share of the market during the forecast period. The extensive use of these compounds as preservatives and the large demand for improved shelf life for food products have been the major contributors to the dominance of the food and beverages segment.

The cosmetics segment is expected to grow at the fastest rate during the forecast period. Growing application of these compounds in cosmetic products such as mosquito repellents to prevent bacterial growth is expected to increase the demand for the compound from the cosmetics industry.

asia pacific sodium benzoate market

Sodium Benzoate Market: By Region

Based on region, the market can be broken into various regions such as North America, Europe, Central and South America, Middle East and North Africa, and Asia Pacific regions. The North American region is expected to hold the largest share of the market revenue during the forecast period. The region’s heavy consumption of canned and preserved food items has influenced the growth of the market in the North American region.

The APAC region is envisaged to log significantly greater growth rates than the other regions during the forecast period. The growing urban populations in the region and less stringent regulations are expected to enhance the growth of the sodium benzoate market.

Sodium Benzoate Market Share and Competitor Analysis

AkzoNobel N.V., Jarchem Industries, FBC Industries Inc., E.I., A.M. Food Chemical Co. Limited, Wuhan Youji Industries Co., Foodchem International Corporation, Brown Chemical Co., DuPont de Nemours Company, Eastman Chemical Company, Cellmark USA, Charkit Chemical Corp, and Spectrum Chemicals among others are the key players in the sodium benzoate market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Sodium Benzoate Industry Overview, 2020-2026

2.1.1 Industry Overview

2.1.2 Form Overview

2.1.3 Application Overview

2.1.4 End-User Overview

2.1.6 Regional Overview

Chapter 3 Sodium Benzoate Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2020-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Rising usage of sodium benzoate in the pharmaceuticals industry

3.3.2 Industry Challenges

3.3.2.1 Stringent food safety regulations in developed regions like North American and Europe

3.4 Prospective Growth Scenario

3.4.1 Form Growth Scenario

3.4.2 Application Growth Scenario

3.4.3 End-User Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 End-User Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Sodium Benzoate Market, By Form

4.1 Form Outlook

4.2 Powder

4.2.1 Market Size, By Region, 2020-2026 (USD Million)

4.3 Granules

4.3.1 Market Size, By Region, 2020-2026 (USD Million)

4.4 Flakes

4.4.1 Market Size, By Region, 2020-2026 (USD Million)

4.5 Others

4.5.1 Market Size, By Region, 2020-2026 (USD Million)

Chapter 5 Sodium Benzoate Market, By Application

5.1 Application Outlook

5.2 Antifungal Agent

5.2.1 Market Size, By Region, 2020-2026 (USD Million)

5.3 Antimicrobial Agent

5.3.1 Market Size, By Region, 2020-2026 (USD Million)

5.4 Rust and Corrosion Inhibitor

5.4.1 Market Size, By Region, 2020-2026 (USD Million)

5.5 Preservative

5.5.1 Market Size, By Region, 2020-2026 (USD Million)

5.6 Others

5.6.1 Market Size, By Region, 2020-2026 (USD Million)

Chapter 6 Sodium Benzoate Market, By End-User

6.1 Food & Beverages

6.1.1 Market Size, By Region, 2020-2026 (USD Million)

6.2 Cosmetics

6.2.1 Market Size, By Region, 2020-2026 (USD Million)

6.3 Pharmaceuticals

6.3.1 Market Size, By Region, 2020-2026 (USD Million)

6.4 Others

6.4.1 Market Size, By Region, 2020-2026 (USD Million)

Chapter 7 Sodium Benzoate Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market Size, By Country 2020-2026 (USD Million)

7.2.2 Market Size, By Form, 2020-2026 (USD Million)

7.2.3 Market Size, By Application, 2020-2026 (USD Million)

7.2.4 Market Size, By End-User, 2020-2026 (USD Million)

7.2.6 U.S.

7.2.6.1 Market Size, By Form, 2020-2026 (USD Million)

7.2.4.2 Market Size, By Application, 2020-2026 (USD Million)

7.2.4.3 Market Size, By End-User, 2020-2026 (USD Million)

7.2.7 Canada

7.2.7.1 Market Size, By Form, 2020-2026 (USD Million)

7.2.7.2 Market Size, By Application, 2020-2026 (USD Million)

7.2.7.3 Market Size, By End-User, 2020-2026 (USD Million)

7.3 Europe

7.3.1 Market Size, By Country 2020-2026 (USD Million)

7.3.2 Market Size, By Form, 2020-2026 (USD Million)

7.3.3 Market Size, By Application, 2020-2026 (USD Million)

7.3.4 Market Size, By End-User, 2020-2026 (USD Million)

7.3.6 Germany

7.3.6.1 Market Size, By Form, 2020-2026 (USD Million)

7.3.6.2 Market Size, By Application, 2020-2026 (USD Million)

7.3.6.3 Market Size, By End-User, 2020-2026 (USD Million)

7.3.7 UK

7.3.7.1 Market Size, By Form, 2020-2026 (USD Million)

7.3.7.2 Market Size, By Application, 2020-2026 (USD Million)

7.3.7.3 Market Size, By End-User, 2020-2026 (USD Million)

7.3.8 France

7.3.7.1 Market Size, By Form, 2020-2026 (USD Million)

7.3.7.2 Market Size, By Application, 2020-2026 (USD Million)

7.3.7.3 Market Size, By End-User, 2020-2026 (USD Million)

7.3.9 Italy

7.3.9.1 Market Size, By Form, 2020-2026 (USD Million)

7.3.9.2 Market Size, By Application, 2020-2026 (USD Million)

7.3.9.3 Market Size, By End-User, 2020-2026 (USD Million)

7.3.10 Spain

7.3.10.1 Market Size, By Form, 2020-2026 (USD Million)

7.3.10.2 Market Size, By Application, 2020-2026 (USD Million)

7.3.10.3 Market Size, By End-User, 2020-2026 (USD Million)

7.3.11 Russia

7.3.11.1 Market Size, By Form, 2020-2026 (USD Million)

7.3.11.2 Market Size, By Application, 2020-2026 (USD Million)

7.3.11.3 Market Size, By End-User, 2020-2026 (USD Million)

7.4 Asia Pacific

7.4.1 Market Size, By Country 2020-2026 (USD Million)

7.4.2 Market Size, By Form, 2020-2026 (USD Million)

7.4.3 Market Size, By Application, 2020-2026 (USD Million)

7.4.4 Market Size, By End-User, 2020-2026 (USD Million)

7.4.6 China

7.4.6.1 Market Size, By Form, 2020-2026 (USD Million)

7.4.6.2 Market Size, By Application, 2020-2026 (USD Million)

7.4.6.3 Market Size, By End-User, 2020-2026 (USD Million)

7.4.7 India

7.4.7.1 Market Size, By Form, 2020-2026 (USD Million)

7.4.7.2 Market Size, By Application, 2020-2026 (USD Million)

7.4.7.3 Market Size, By End-User, 2020-2026 (USD Million)

7.4.8 Japan

7.4.7.1 Market Size, By Form, 2020-2026 (USD Million)

7.4.7.2 Market Size, By Application, 2020-2026 (USD Million)

7.4.7.3 Market Size, By End-User, 2020-2026 (USD Million)

7.4.9 Australia

7.4.9.1 Market Size, By Form, 2020-2026 (USD Million)

7.4.9.2 Market size, By Application, 2020-2026 (USD Million)

7.4.9.3 Market Size, By End-User, 2020-2026 (USD Million)

7.4.10 South Korea

7.4.10.1 Market Size, By Form, 2020-2026 (USD Million)

7.4.10.2 Market Size, By Application, 2020-2026 (USD Million)

7.4.10.3 Market Size, By End-User, 2020-2026 (USD Million)

7.5 Latin America

7.5.1 Market Size, By Country 2020-2026 (USD Million)

7.5.2 Market Size, By Form, 2020-2026 (USD Million)

7.5.3 Market Size, By Application, 2020-2026 (USD Million)

7.5.4 Market Size, By End-User, 2020-2026 (USD Million)

7.5.6 Brazil

7.5.6.1 Market Size, By Form, 2020-2026 (USD Million)

7.5.6.2 Market Size, By Application, 2020-2026 (USD Million)

7.5.6.3 Market Size, By End-User, 2020-2026 (USD Million)

7.5.7 Mexico

7.5.7.1 Market Size, By Form, 2020-2026 (USD Million)

7.5.7.2 Market Size, By Application, 2020-2026 (USD Million)

7.5.7.3 Market Size, By End-User, 2020-2026 (USD Million)

7.5.8 Argentina

7.5.7.1 Market Size, By Form, 2020-2026 (USD Million)

7.5.7.2 Market Size, By Application, 2020-2026 (USD Million)

7.5.7.3 Market Size, By End-User, 2020-2026 (USD Million)

7.6 MEA

7.6.1 Market Size, By Country 2020-2026 (USD Million)

7.6.2 Market Size, By Form, 2020-2026 (USD Million)

7.6.3 Market Size, By Application, 2020-2026 (USD Million)

7.6.4 Market Size, By End-User, 2020-2026 (USD Million)

7.6.6 Saudi Arabia

7.6.6.1 Market Size, By Form, 2020-2026 (USD Million)

7.6.6.2 Market Size, By Application, 2020-2026 (USD Million)

7.6.6.3 Market Size, By End-User, 2020-2026 (USD Million)

7.6.7 UAE

7.6.7.1 Market Size, By Form, 2020-2026 (USD Million)

7.6.7.2 Market Size, By Application, 2020-2026 (USD Million)

7.6.7.3 Market Size, By End-User, 2020-2026 (USD Million)

7.6.8 South Africa

7.6.7.1 Market Size, By Form, 2020-2026 (USD Million)

7.6.7.2 Market Size, By Application, 2020-2026 (USD Million)

7.6.7.3 Market Size, By End-User, 2020-2026 (USD Million)

Chapter 8 Company Landscape

8.1 Competitive Analysis, 2020

8.2 AkzoNobel N.V.

8.2.1 Company Overview

8.2.2 Financial Analysis

8.2.3 Strategic Positioning

8.2.4 Info Graphic Analysis

8.3 Jarchem Industries

8.3.1 Company Overview

8.3.2 Financial Analysis

8.3.3 Strategic Positioning

8.3.4 Info Graphic Analysis

8.4 FBC Industries Inc.

8.4.1 Company Overview

8.4.2 Financial Analysis

8.4.3 Strategic Positioning

8.4.4 Info Graphic Analysis

8.5 E.I.

8.5.1 Company Overview

8.5.2 Financial Analysis

8.5.3 Strategic Positioning

8.5.4 Info Graphic Analysis

8.6 Food Chemical Co. Limited

8.6.1 Company Overview

8.6.2 Financial Analysis

8.6.3 Strategic Positioning

8.6.4 Info Graphic Analysis

8.7 Wuhan Youji Industries Co.

8.7.1 Company Overview

8.7.2 Financial Analysis

8.7.3 Strategic Positioning

8.7.4 Info Graphic Analysis

8.8 Foodchem International Corporation

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.9 Brown Chemical Co.

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.10 DuPont de Nemours Company

8.10.1 Company Overview

8.10.2 Financial Analysis

8.10.3 Strategic Positioning

8.10.4 Info Graphic Analysis

8.11 Other Companies

8.11.1 Company Overview

8.11.2 Financial Analysis

8.11.3 Strategic Positioning

8.11.4 Info Graphic Analysis

The Global Sodium Benzoate Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Sodium Benzoate Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global sodium benzoate market?

The global sodium benzoate market size is projected to grow from USD 589.3 million in 2021 to USD 725.8 million by 2026 at a CAGR value of 3.5%.

Who are the major vendors in the sodium benzoate market?

Key and innovative vendors in the sodium benzoate market include FBC Industries Inc., E.I., A.M. Food Chemical Co. Limited, Wuhan Youji Industries Co., Foodchem International Corporation, Brown Chemical Co., DuPont de Nemours Company, Eastman Chemical Company, and Cellmark USA.

Which region has the highest market share in the sodium benzoate market?

North America is estimated to hold the largest share of the sodium benzoate market.

What is the Covid-19 impact on future sodium benzoate manufacturers?

The COVID-19 pandemic has affected the market as manufacturing sites were shut down, product supply chains were disrupted, and the market witnessed fluctuations in the price of raw materials. The market is expected to bounce back during the forecast period.

What are the major drivers in the sodium benzoate market?

The major driving factors of the sodium benzoate market are the growing urban populations, increased demand for the compound from the cosmetics and pharmaceuticals industry, a wide range of applications of the compound, and the growing demand for foodstuff with longer shelf lives.