Benzoates Market

Published Aug 01, 2023

Length 250 Pages

SKU # FMARI18092112

Description

Benzoates Market

Benzoic acid is a simple aromatic carboxylic acid which is a colorless crystalline solid. It’s only known source is gum benzoic, through which the name benzoic was derived. Benzoic acid is a naturally occurring acid in plants that serves as an intermediate in the biosynthesis of various secondary metabolites. Benzoic acid is a major precursor for the industrial synthesis of variety of organic substances. The salts of benzoic acid have application as food preservatives in the food industry. The esters and salts of benzoic acid are known as benzoates.

Benzoates are divided into two types such as potassium benzoate and sodium benzoate. Potassium benzoate has application in food preservation. It restricts the growth of yeast, molds and some bacteria’s and functions efficiently in products having pH below 4.5. In low pH products, potassium benzoate exists as benzoic acid. Acidic food stuffs and beverages that include sparkling drinks, fruit juices, pickles and soft drinks are preserved with potassium benzoate. It is used and approved in many countries such as the U.S., Canada, and Europe. In these countries potassium benzoate is denoted by the number E, E212. In the European countries, potassium benzoate is not approved for consumption by children. Sodium benzoate has the same application as potassium benzoate and is denoted by the number E211. It exists in the form of benzoic acid when mixed with water. It is known to be fungistatic and bacteriostatic in acidic conditions. It is widely used in foods which are basically acidic in nature, such as salad dressings, fruit juices, jams and carbonated drinks.Sodium benzoate is also used in food industry as a preservative for products such as barley water, tomato and other sauces, crushes, fruit jelly, coffee extracts and squashes. Sodium benzoateis also used as a preservative in cosmetics and medicines. It has application in fireworks as a fuel which is in powdered form that gives out a whistling sound. Therefore, the whistle mix cracker and rockets emit sound once they are fired.

The growing demand from the food industry is the major driving factor for the benzoate industry. Other industries that include pharmaceutical and cosmetic industriesare also expected to boost demand for benzoates in the market.Factors that are anticipated to fuel growth of the market include food safety, longer shelf life of food, improving living standards, particularly in the emerging economies and continuing urbanization.

Certain health issues owing to benzoates reported by the FDA and World Health Organizations are known to hamper the market growth of benzoate market. Ascorbic acid in combination of sodium benzoate forms benzene that is known to be a carcinogen. This carcinogen is expected to be a threat to human health.

North America, Asia Pacific, Europe and Rest of the World (RoW) are the major segments for benzoate market. Asia Pacific is the largest producer as well as consumer of benzoates. The developed regions such as North America, Europe and Central and South America is expected to boost demand for benzoates in the near future.

Key companies profiled for the benzoates industry include: Poulvet, RM Chemicals, The Good Scents Company, Taj Pharmaceuticals, Sakshi Dyes and Pharmaceuticals, SONEF, FBC Industries Inc, Panjiva, , Sino Harvest, Surya Life Sciences Ltd, SAFC, Brown Chemical Co. Ltd, Charkit Chemical Corp, Jarchem Industries, Total Specialty Chemicals Inc, U.S. Chemicals, LLC, Spectrum Chemicals and Cellmark USA, LLC.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size & Forecast 2015 -2025
Supply & Demand Value Chain
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Market Drivers and Restraints
Regional analysis includes

North America
US & Canada
Latin America
Brazil, Argentina & Others
Western Europe
EU5
Nordics
Benelux
Eastern Europe
Asia Pacific
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa

1. Executive Summary: 1.1. Global Market Outlook; 1.2. Demand-side Trends; 1.3. Supply-side Trends; 1.4. Technology Roadmap Analysis; 1.5. Analysis and Recommendations
2. Market Overview: 2.1. Market Coverage / Taxonomy; 2.2. Market Definition / Scope / Limitations
3. Market Background: 3.1. Market Dynamics; 3.1.1. Drivers; 3.1.2. Restraints; 3.1.3. Opportunity; 3.1.4. Trends; 3.2. Scenario Forecast; 3.2.1. Demand in Optimistic Scenario; 3.2.2. Demand in Likely Scenario; 3.2.3. Demand in Conservative Scenario; 3.3. Opportunity Map Analysis; 3.4. Product Life Cycle Analysis; 3.5. Supply Chain Analysis; 3.5.1. Supply Side Participants and their Roles; 3.5.1.1. Producers; 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers); 3.5.1.3. Wholesalers and Distributors; 3.5.2. Value Added and Value Created at Node in the Supply Chain; 3.5.3. List of Raw Material Suppliers; 3.5.4. List of Existing and Potential Buyer’s; 3.6. Investment Feasibility Matrix; 3.7. Value Chain Analysis; 3.7.1. Profit Margin Analysis; 3.7.2. Wholesalers and Distributors; 3.7.3. Retailers; 3.8. PESTLE and Porter’s Analysis; 3.9. Regulatory Landscape; 3.9.1. By Key Regions; 3.9.2. By Key Countries; 3.10. Regional Parent Market Outlook; 3.11. Production and Consumption Statistics; 3.12. Import and Export Statistics
4. Global Benzoates Market Analysis 2017-2021 and Forecast, 2022-2032: 4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021; 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032; 4.2.1. Y-o-Y Growth Trend Analysis; 4.2.2. Absolute $ Opportunity Analysis
5. Global Benzoates Market Analysis 2017-2021 and Forecast 2022-2032, By Product Type: 5.1. Introduction / Key Findings; 5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Product Type, 2017-2021; 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Product Type, 2022-2032; 5.3.1. Sodium Benzoate; 5.3.2. Potassium Benzoate; 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017-2021; 5.5. Absolute $ Opportunity Analysis By Product Type, 2022-2032; Deep-dive segmentation will be available in the sample on request
6. Global Benzoates Market Analysis 2017-2021 and Forecast 2022-2032, By Grade: 6.1. Introduction / Key Findings; 6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Grade, 2017-2021; 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Grade, 2022-2032; 6.3.1. Pharmaceuticals & Personal Care; 6.3.2. Food & Beverages; 6.3.3. Others; 6.4. Y-o-Y Growth Trend Analysis By Grade, 2017-2021; 6.5. Absolute $ Opportunity Analysis By Grade, 2022-2032; Deep-dive segmentation will be available in the sample on request
7. Global Benzoates Market Analysis 2017-2021 and Forecast 2022-2032, By Application: 7.1. Introduction / Key Findings; 7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Application, 2017-2021; 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Application, 2022-2032; 7.3.1. Food & Beverages; 7.3.2. Personal Care and Cosmetics; 7.3.3. Pharmaceuticals; 7.3.4. Animal Feed; 7.3.5. Others; 7.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021; 7.5. Absolute $ Opportunity Analysis By Application, 2022-2032; Deep-dive segmentation will be available in the sample on request
8. Global Benzoates Market Analysis 2017-2021 and Forecast 2022-2032, By Region: 8.1. Introduction; 8.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021; 8.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032; 8.3.1. North America; 8.3.2. Latin America; 8.3.3. Europe; 8.3.4. East Asia; 8.3.5. South Asia & Pacific; 8.3.6. MEA; 8.4. Market Attractiveness Analysis By Region
9. North America Benzoates Market Analysis 2017-2021 and Forecast 2022-2032, By Country: 9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021; 9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032; 9.2.1. By Country; 9.2.1.1. U.S.; 9.2.1.2. Canada; 9.2.2. By Product Type; 9.2.3. By Grade; 9.2.4. By Application; 9.3. Market Attractiveness Analysis; 9.3.1. By Country; 9.3.2. By Product Type; 9.3.3. By Grade; 9.3.4. By Application; 9.4. Key Takeaways
10. Latin America Benzoates Market Analysis 2017-2021 and Forecast 2022-2032, By Country: 10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021; 10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032; 10.2.1. By Country; 10.2.1.1. Brazil; 10.2.1.2. Mexico; 10.2.1.3. Rest of Latin America; 10.2.2. By Product Type; 10.2.3. By Grade; 10.2.4. By Application; 10.3. Market Attractiveness Analysis; 10.3.1. By Country; 10.3.2. By Product Type; 10.3.3. By Grade; 10.3.4. By Application; 10.4. Key Takeaways
11. Europe Benzoates Market Analysis 2017-2021 and Forecast 2022-2032, By Country: 11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021; 11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032; 11.2.1. By Country; 11.2.1.1. Germany; 11.2.1.2. U.K.; 11.2.1.3. France; 11.2.1.4. Spain; 11.2.1.5. Italy; 11.2.1.6. Rest of Europe; 11.2.2. By Product Type; 11.2.3. By Grade; 11.2.4. By Application; 11.3. Market Attractiveness Analysis; 11.3.1. By Country; 11.3.2. By Product Type; 11.3.3. By Grade; 11.3.4. By Application; 11.4. Key Takeaways
12. East Asia Benzoates Market Analysis 2017-2021 and Forecast 2022-2032, By Country: 12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021; 12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032; 12.2.1. By Country; 12.2.1.1. China; 12.2.1.2. Japan; 12.2.1.3. South Korea; 12.2.2. By Product Type; 12.2.3. By Grade; 12.2.4. By Application; 12.3. Market Attractiveness Analysis; 12.3.1. By Country; 12.3.2. By Product Type; 12.3.3. By Grade; 12.3.4. By Application; 12.4. Key Takeaways
13. South Asia & Pacific Benzoates Market Analysis 2017-2021 and Forecast 2022-2032, By Country: 13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021; 13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032; 13.2.1. By Country; 13.2.1.1. India; 13.2.1.2. Thailand; 13.2.1.3. Indonesia; 13.2.1.4. Malaysia; 13.2.1.5. Singapore; 13.2.1.6. Australia; 13.2.1.7. New Zealand; 13.2.1.8. Rest of South Asia & Pacific; 13.2.2. By Product Type; 13.2.3. By Grade; 13.2.4. By Application; 13.3. Market Attractiveness Analysis; 13.3.1. By Country; 13.3.2. By Product Type; 13.3.3. By Grade; 13.3.4. By Application; 13.4. Key Takeaways
14. MEA Benzoates Market Analysis 2017-2021 and Forecast 2022-2032, By Country: 14.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021; 14.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032; 14.2.1. By Country; 14.2.1.1. GCC Countries; 14.2.1.2. South Africa; 14.2.1.3. Israel; 14.2.1.4. Rest of MEA; 14.2.2. By Product Type; 14.2.3. By Grade; 14.2.4. By Application; 14.3. Market Attractiveness Analysis; 14.3.1. By Country; 14.3.2. By Product Type; 14.3.3. By Grade; 14.3.4. By Application; 14.4. Key Takeaways
15. Key Countries Benzoates Market Analysis: 15.1. U.S.; 15.1.1. Pricing Analysis; 15.1.2. Market Share Analysis, 2021; 15.1.2.1. By Product Type; 15.1.2.2. By Grade; 15.1.2.3. By Application; 15.2. Canada; 15.2.1. Pricing Analysis; 15.2.2. Market Share Analysis, 2021; 15.2.2.1. By Product Type; 15.2.2.2. By Grade; 15.2.2.3. By Application; 15.3. Brazil; 15.3.1. Pricing Analysis; 15.3.2. Market Share Analysis, 2021; 15.3.2.1. By Product Type; 15.3.2.2. By Grade; 15.3.2.3. By Application; 15.4. Mexico; 15.4.1. Pricing Analysis; 15.4.2. Market Share Analysis, 2021; 15.4.2.1. By Product Type; 15.4.2.2. By Grade; 15.4.2.3. By Application; 15.5. Germany; 15.5.1. Pricing Analysis; 15.5.2. Market Share Analysis, 2021; 15.5.2.1. By Product Type; 15.5.2.2. By Grade; 15.5.2.3. By Application; 15.6. U.K.; 15.6.1. Pricing Analysis; 15.6.2. Market Share Analysis, 2021; 15.6.2.1. By Product Type; 15.6.2.2. By Grade; 15.6.2.3. By Application; 15.7. France; 15.7.1. Pricing Analysis; 15.7.2. Market Share Analysis, 2021; 15.7.2.1. By Product Type; 15.7.2.2. By Grade; 15.7.2.3. By Application; 15.8. Spain; 15.8.1. Pricing Analysis; 15.8.2. Market Share Analysis, 2021; 15.8.2.1. By Product Type; 15.8.2.2. By Grade; 15.8.2.3. By Application; 15.9. Italy; 15.9.1. Pricing Analysis; 15.9.2. Market Share Analysis, 2021; 15.9.2.1. By Product Type; 15.9.2.2. By Grade; 15.9.2.3. By Application; 15.10. China; 15.10.1. Pricing Analysis; 15.10.2. Market Share Analysis, 2021; 15.10.2.1. By Product Type; 15.10.2.2. By Grade; 15.10.2.3. By Application; 15.11. Japan; 15.11.1. Pricing Analysis; 15.11.2. Market Share Analysis, 2021; 15.11.2.1. By Product Type; 15.11.2.2. By Grade; 15.11.2.3. By Application; 15.12. South Korea; 15.12.1. Pricing Analysis; 15.12.2. Market Share Analysis, 2021; 15.12.2.1. By Product Type; 15.12.2.2. By Grade; 15.12.2.3. By Application; 15.13. India; 15.13.1. Pricing Analysis; 15.13.2. Market Share Analysis, 2021; 15.13.2.1. By Product Type; 15.13.2.2. By Grade; 15.13.2.3. By Application; 15.14. Thailand; 15.14.1. Pricing Analysis; 15.14.2. Market Share Analysis, 2021; 15.14.2.1. By Product Type; 15.14.2.2. By Grade; 15.14.2.3. By Application; 15.15. Indonesia; 15.15.1. Pricing Analysis; 15.15.2. Market Share Analysis, 2021; 15.15.2.1. By Product Type; 15.15.2.2. By Grade; 15.15.2.3. By Application; 15.16. Malaysia; 15.16.1. Pricing Analysis; 15.16.2. Market Share Analysis, 2021; 15.16.2.1. By Product Type; 15.16.2.2. By Grade; 15.16.2.3. By Application; 15.17. Singapore; 15.17.1. Pricing Analysis; 15.17.2. Market Share Analysis, 2021; 15.17.2.1. By Product Type; 15.17.2.2. By Grade; 15.17.2.3. By Application; 15.18. Australia; 15.18.1. Pricing Analysis; 15.18.2. Market Share Analysis, 2021; 15.18.2.1. By Product Type; 15.18.2.2. By Grade; 15.18.2.3. By Application; 15.19. New Zealand; 15.19.1. Pricing Analysis; 15.19.2. Market Share Analysis, 2021; 15.19.2.1. By Product Type; 15.19.2.2. By Grade; 15.19.2.3. By Application; 15.20. GCC Countries; 15.20.1. Pricing Analysis; 15.20.2. Market Share Analysis, 2021; 15.20.2.1. By Product Type; 15.20.2.2. By Grade; 15.20.2.3. By Application; 15.21. South Africa; 15.21.1. Pricing Analysis; 15.21.2. Market Share Analysis, 2021; 15.21.2.1. By Product Type; 15.21.2.2. By Grade; 15.21.2.3. By Application; 15.22. Israel; 15.22.1. Pricing Analysis; 15.22.2. Market Share Analysis, 2021; 15.22.2.1. By Product Type; 15.22.2.2. By Grade; 15.22.2.3. By Application
16. Market Structure Analysis: 16.1. Competition Dashboard; 16.2. Competition Benchmarking; 16.3. Market Share Analysis of Top Players; 16.3.1. By Regional; 16.3.2. By Product Type; 16.3.3. By Grade; 16.3.4. By Application
17. Competition Analysis: 17.1. Competition Deep Dive; 17.1.1. Eastman Chemical Company; 17.1.1.1. Overview; 17.1.1.2. Product Portfolio; 17.1.1.3. Profitability by Market Segments; 17.1.1.4. Sales Footprint; 17.1.1.5. Strategy Overview; 17.1.1.5.1. Marketing Strategy; 17.1.1.5.2. Product Strategy; 17.1.1.5.3. Channel Strategy; 17.1.2. Emerald Performance Materials, LLC; 17.1.2.1. Overview; 17.1.2.2. Product Portfolio; 17.1.2.3. Profitability by Market Segments; 17.1.2.4. Sales Footprint; 17.1.2.5. Strategy Overview; 17.1.2.5.1. Marketing Strategy; 17.1.2.5.2. Product Strategy; 17.1.2.5.3. Channel Strategy; 17.1.3. Dr. Paul Lohmann; 17.1.3.1. Overview; 17.1.3.2. Product Portfolio; 17.1.3.3. Profitability by Market Segments; 17.1.3.4. Sales Footprint; 17.1.3.5. Strategy Overview; 17.1.3.5.1. Marketing Strategy; 17.1.3.5.2. Product Strategy; 17.1.3.5.3. Channel Strategy; 17.1.4. Velsicol Chemical LLC.; 17.1.4.1. Overview; 17.1.4.2. Product Portfolio; 17.1.4.3. Profitability by Market Segments; 17.1.4.4. Sales Footprint; 17.1.4.5. Strategy Overview; 17.1.4.5.1. Marketing Strategy; 17.1.4.5.2. Product Strategy; 17.1.4.5.3. Channel Strategy; 17.1.5. FBC Industries Inc.; 17.1.5.1. Overview; 17.1.5.2. Product Portfolio; 17.1.5.3. Profitability by Market Segments; 17.1.5.4. Sales Footprint; 17.1.5.5. Strategy Overview; 17.1.5.5.1. Marketing Strategy; 17.1.5.5.2. Product Strategy; 17.1.5.5.3. Channel Strategy; 17.1.6. Tengzhou Tenglong Chemical Co., Ltd.; 17.1.6.1. Overview; 17.1.6.2. Product Portfolio; 17.1.6.3. Profitability by Market Segments; 17.1.6.4. Sales Footprint; 17.1.6.5. Strategy Overview; 17.1.6.5.1. Marketing Strategy; 17.1.6.5.2. Product Strategy; 17.1.6.5.3. Channel Strategy; 17.1.7. Jarchem Industries Inc.; 17.1.7.1. Overview; 17.1.7.2. Product Portfolio; 17.1.7.3. Profitability by Market Segments; 17.1.7.4. Sales Footprint; 17.1.7.5. Strategy Overview; 17.1.7.5.1. Marketing Strategy; 17.1.7.5.2. Product Strategy; 17.1.7.5.3. Channel Strategy; 17.1.8. Tulstar Products, Inc.; 17.1.8.1. Overview; 17.1.8.2. Product Portfolio; 17.1.8.3. Profitability by Market Segments; 17.1.8.4. Sales Footprint; 17.1.8.5. Strategy Overview; 17.1.8.5.1. Marketing Strategy; 17.1.8.5.2. Product Strategy; 17.1.8.5.3. Channel Strategy; 17.1.9. Shandong Tong Tai Wei Run Chemical Co., Ltd; 17.1.9.1. Overview; 17.1.9.2. Product Portfolio; 17.1.9.3. Profitability by Market Segments; 17.1.9.4. Sales Footprint; 17.1.9.5. Strategy Overview; 17.1.9.5.1. Marketing Strategy; 17.1.9.5.2. Product Strategy; 17.1.9.5.3. Channel Strategy; 17.1.10. Tianjin Dongda Chemical Group Co., Ltd; 17.1.10.1. Overview; 17.1.10.2. Product Portfolio; 17.1.10.3. Profitability by Market Segments; 17.1.10.4. Sales Footprint; 17.1.10.5. Strategy Overview; 17.1.10.5.1. Marketing Strategy; 17.1.10.5.2. Product Strategy; 17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology

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