Sodium Benzoate Market Forecasts to 2030 – Global Analysis By Form (Granules, Powder, Flakes and Other Forms), Distribution Channel (Offline Retailer and Online Retailer), Application, End User and By Geography

Sodium Benzoate Market Forecasts to 2030 – Global Analysis By Form (Granules, Powder, Flakes and Other Forms), Distribution Channel (Offline Retailer and Online Retailer), Application, End User and By Geography


According to Stratistics MRC, the Global Sodium Benzoate Market is accounted for $1.43 billion in 2023 and is expected to reach $2.46 billion by 2030 growing at a CAGR of 8.1% during the forecast period. As a synthetic compound, Sodium Benzoate serves as an effective preservative due to its ability to inhibit the growth of bacteria, yeast, and mold in acidic conditions, thereby extending the shelf life of various consumables. Its utilization spans across a spectrum of food and beverage segments including carbonated drinks, fruit juices, sauces, and condiments. Additionally, its affordability and regulatory approval as a safe food additive contribute to its popularity among manufacturers seeking to ensure product quality and safety.

According to the International Program on Health and safety, sodium benzoate is widely used in the beverage sector. Sodium benzoate raises the acidity of soft drinks, which also boosts the flavor intensity of high-fructose corn syrup. Sodium benzoate is listed as E211 in the ingredients list on the back of a soda can, which is the number assigned to it as a food additive. E211 is a common ingredient in diet soft drinks.

Market Dynamics:

Driver:

Stringent food safety regulations

With an increasing emphasis on food quality and safety globally, regulatory authorities have implemented strict guidelines and standards to ensure consumer protection. Sodium benzoate, recognized as a safe and effective preservative by regulatory bodies worldwide, becomes a preferred choice for food manufacturers seeking compliance with these regulations. Its approval for use as a food additive in various jurisdictions provides manufacturers with a reliable option for preserving the integrity of their products while meeting regulatory requirements.

Restraint:

Fluctuations in raw material prices

The primary raw material for sodium benzoate production is benzoic acid, which is derived from various sources such as toluene or benzene. Any volatility in the prices of these raw materials can directly impact the cost of producing sodium benzoate. Factors such as changes in supply and demand dynamics, geopolitical tensions affecting raw material sourcing, and fluctuations in energy prices can all contribute to price instability. These fluctuations not only affect the profitability of sodium benzoate manufacturers but also create uncertainty for buyers and end-users, leading to challenges in budgeting and planning.

Opportunity:

Technological advancements

With continuous innovations in food processing and preservation technologies, manufacturers are constantly seeking more efficient and effective methods to extend the shelf life of their products while ensuring food safety and quality. Sodium benzoate, as a versatile preservative, benefits from these advancements by being incorporated into new formulations and production processes that enhance its efficacy and application flexibility. Advanced techniques such as microencapsulation and nanoemulsification have enabled the development of novel sodium benzoate delivery systems, improving its stability and dispersibility in food and beverage matrices.

Threat:

Emergence of alternative preservation methods

With growing consumer demand for natural and clean-label food products, there has been an increased interest in exploring alternative preservation techniques that offer safer and more natural solutions than synthetic additives like sodium benzoate. Methods such as high-pressure processing, modified atmosphere packaging, and the use of natural antimicrobial agents derived from plant extracts or essential oils are gaining traction as viable alternatives to traditional preservatives. These alternative methods not only meet consumer preferences for clean-label products but also address concerns about potential health risks associated with synthetic additives.

Covid-19 Impact

The shutdown resulted in a notable decline in demand for channel partners. As a result, there were higher inventory levels with the majority of trade partners, and it was unable to settle outstanding stock with them. Because of the COVID-19 pandemic, producers of sodium benzoate had a significant disruption in their raw material supply chain during the first two quarters of 2020. However, the unexpected impact of the pandemic led to a spike in demand for products in the pharmaceutical and nutraceutical businesses that help boost immunity.

The granules segment is expected to be the largest during the forecast period

Granules segment is expected to be the largest during the forecast period. Granular form allows for easier handling, storage, and dispersion in food and beverage formulations, minimizing dust formation and improving process efficiency. Granules offer better flow properties, ensuring uniform distribution within the product matrix, which enhances its effectiveness as a preservative. Furthermore, granulated sodium benzoate exhibits improved stability and reduced caking tendencies compared to powdered forms, prolonging its shelf life and maintaining product quality.

The antimicrobial agent segment is expected to have the highest CAGR during the forecast period

Antimicrobial Agent segment is expected to have the highest CAGR during the forecast period. With consumers increasingly prioritizing food safety and demanding products with extended shelf life, the demand for reliable antimicrobial agents like sodium benzoate is on the rise. As the global consumption of processed and convenience foods continues to surge, the need for effective preservation solutions intensifies, further propelling the growth of the antimicrobial agent segment within the market.

Region with largest share:

Asia Pacific region commanded the largest share of the market over the projection period. Growing populations and rising disposable incomes spurred demand for sodium benzoate in the food and cosmetics industries. As a result, sodium benzoate's price increased in the domestic market. In addition, some of the factors propelling market growth in the region include the specificity of preservatives in biochemical reactions and the rising need for higher-quality juices and beverages.

Region with highest CAGR:

Due to the compound's expanding usage in the pharmaceutical sector as well as rising pharmaceutical spending, North America region is projected to witness lucrative growth over the extrapolated period. In this region, sodium benzoate aids in the preservation of fish marinades, salads, and fruits and vegetables. It's also used to preserve fruit, yogurt, beer, and olives. It is beneficial to the environment and grows in soil and water. Moreover, the substantial expansion of the fast-food industries, especially in the US and Canada, is anticipated to drive the sodium benzoate market's development.

Key players in the market

Some of the key players in Sodium Benzoate market include A.M Food Chemical Co., Limited, Avantor Inc, Dupond De Nemours Company, Ganesh Benzoplast Ltd, Hugestone enterprise co. Ltd, Penta Chemicals, Sigma Aldrich, Eastman Company, Spectrum Chemical, Tengzhou Tenglong Chemical Co., Ltd. and BASF SE.

Key Developments:

In March 2022, Ganesh Benzoplast Limited along with Singapore based Golden Agri International Enterprises Pte. Ltd., K N Agri Resources Ltd and other investors, through– Bluebrahma Clean Energy Solutions Pvt Ltd. – has ventured into production of Ethanol and Extra Neutral Alcohol.

In March 2022, Ganesh Benzoplast Ltd, in collaboration with Golden Agri International Enterprises Pte. Limited., KN Agri Resources Ltd., and other investors, entered the ethanol production and Extra Neutral Alcohol (ENA) by acquiring a 100 percent shareholding in Sagar Industries, a distillery in the Nasik, Maharashtra, India

Forms Covered:
• Granules
• Powder
• Flakes
• Other Forms

Distribution Channels Covered:
• Offline Retailer
• Online Retailer

Applications Covered:
• Antifungal Agent
• Antimicrobial Agent
• Flavoring Agent
• Preservative
• Other Applications

End Users Covered:
• Food & Beverages
• Pharmaceuticals
• Cosmetics
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Sodium Benzoate Market, By Form
5.1 Introduction
5.2 Granules
5.3 Powder
5.4 Flakes
5.5 Other Forms
6 Global Sodium Benzoate Market, By Distribution Channel
6.1 Introduction
6.2 Offline Retailer
6.3 Online Retailer
7 Global Sodium Benzoate Market, By Application
7.1 Introduction
7.2 Antifungal Agent
7.3 Antimicrobial Agent
7.4 Flavoring Agent
7.5 Preservative
7.6 Other Applications
8 Global Sodium Benzoate Market, By End User
8.1 Introduction
8.2 Food & Beverages
8.3 Pharmaceuticals
8.4 Cosmetics
8.5 Other End Users
9 Global Sodium Benzoate Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 A.M Food Chemical Co., Limited
11.2 Avantor Inc
11.3 Dupond De Nemours Company
11.4 Ganesh Benzoplast Ltd
11.5 Hugestone enterprise co. Ltd
11.6 Penta Chemicals
11.7 Sigma Aldrich, Eastman Company
11.8 Spectrum Chemical
11.9 Tengzhou Tenglong Chemical Co., Ltd
11.10 BASF SE
List of Tables
Table 1 Global Sodium Benzoate Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Sodium Benzoate Market Outlook, By Form (2021-2030) ($MN)
Table 3 Global Sodium Benzoate Market Outlook, By Granules (2021-2030) ($MN)
Table 4 Global Sodium Benzoate Market Outlook, By Powder (2021-2030) ($MN)
Table 5 Global Sodium Benzoate Market Outlook, By Flakes (2021-2030) ($MN)
Table 6 Global Sodium Benzoate Market Outlook, By Other Forms (2021-2030) ($MN)
Table 7 Global Sodium Benzoate Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 8 Global Sodium Benzoate Market Outlook, By Offline Retailer (2021-2030) ($MN)
Table 9 Global Sodium Benzoate Market Outlook, By Online Retailer (2021-2030) ($MN)
Table 10 Global Sodium Benzoate Market Outlook, By Application (2021-2030) ($MN)
Table 11 Global Sodium Benzoate Market Outlook, By Antifungal Agent (2021-2030) ($MN)
Table 12 Global Sodium Benzoate Market Outlook, By Antimicrobial Agent (2021-2030) ($MN)
Table 13 Global Sodium Benzoate Market Outlook, By Flavoring Agent (2021-2030) ($MN)
Table 14 Global Sodium Benzoate Market Outlook, By Preservative (2021-2030) ($MN)
Table 15 Global Sodium Benzoate Market Outlook, By Other Applications (2021-2030) ($MN)
Table 16 Global Sodium Benzoate Market Outlook, By End User (2021-2030) ($MN)
Table 17 Global Sodium Benzoate Market Outlook, By Food & Beverages (2021-2030) ($MN)
Table 18 Global Sodium Benzoate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
Table 19 Global Sodium Benzoate Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 20 Global Sodium Benzoate Market Outlook, By Other End Users (2021-2030) ($MN)
Table 21 North America Sodium Benzoate Market Outlook, By Country (2021-2030) ($MN)
Table 22 North America Sodium Benzoate Market Outlook, By Form (2021-2030) ($MN)
Table 23 North America Sodium Benzoate Market Outlook, By Granules (2021-2030) ($MN)
Table 24 North America Sodium Benzoate Market Outlook, By Powder (2021-2030) ($MN)
Table 25 North America Sodium Benzoate Market Outlook, By Flakes (2021-2030) ($MN)
Table 26 North America Sodium Benzoate Market Outlook, By Other Forms (2021-2030) ($MN)
Table 27 North America Sodium Benzoate Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 28 North America Sodium Benzoate Market Outlook, By Offline Retailer (2021-2030) ($MN)
Table 29 North America Sodium Benzoate Market Outlook, By Online Retailer (2021-2030) ($MN)
Table 30 North America Sodium Benzoate Market Outlook, By Application (2021-2030) ($MN)
Table 31 North America Sodium Benzoate Market Outlook, By Antifungal Agent (2021-2030) ($MN)
Table 32 North America Sodium Benzoate Market Outlook, By Antimicrobial Agent (2021-2030) ($MN)
Table 33 North America Sodium Benzoate Market Outlook, By Flavoring Agent (2021-2030) ($MN)
Table 34 North America Sodium Benzoate Market Outlook, By Preservative (2021-2030) ($MN)
Table 35 North America Sodium Benzoate Market Outlook, By Other Applications (2021-2030) ($MN)
Table 36 North America Sodium Benzoate Market Outlook, By End User (2021-2030) ($MN)
Table 37 North America Sodium Benzoate Market Outlook, By Food & Beverages (2021-2030) ($MN)
Table 38 North America Sodium Benzoate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
Table 39 North America Sodium Benzoate Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 40 North America Sodium Benzoate Market Outlook, By Other End Users (2021-2030) ($MN)
Table 41 Europe Sodium Benzoate Market Outlook, By Country (2021-2030) ($MN)
Table 42 Europe Sodium Benzoate Market Outlook, By Form (2021-2030) ($MN)
Table 43 Europe Sodium Benzoate Market Outlook, By Granules (2021-2030) ($MN)
Table 44 Europe Sodium Benzoate Market Outlook, By Powder (2021-2030) ($MN)
Table 45 Europe Sodium Benzoate Market Outlook, By Flakes (2021-2030) ($MN)
Table 46 Europe Sodium Benzoate Market Outlook, By Other Forms (2021-2030) ($MN)
Table 47 Europe Sodium Benzoate Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 48 Europe Sodium Benzoate Market Outlook, By Offline Retailer (2021-2030) ($MN)
Table 49 Europe Sodium Benzoate Market Outlook, By Online Retailer (2021-2030) ($MN)
Table 50 Europe Sodium Benzoate Market Outlook, By Application (2021-2030) ($MN)
Table 51 Europe Sodium Benzoate Market Outlook, By Antifungal Agent (2021-2030) ($MN)
Table 52 Europe Sodium Benzoate Market Outlook, By Antimicrobial Agent (2021-2030) ($MN)
Table 53 Europe Sodium Benzoate Market Outlook, By Flavoring Agent (2021-2030) ($MN)
Table 54 Europe Sodium Benzoate Market Outlook, By Preservative (2021-2030) ($MN)
Table 55 Europe Sodium Benzoate Market Outlook, By Other Applications (2021-2030) ($MN)
Table 56 Europe Sodium Benzoate Market Outlook, By End User (2021-2030) ($MN)
Table 57 Europe Sodium Benzoate Market Outlook, By Food & Beverages (2021-2030) ($MN)
Table 58 Europe Sodium Benzoate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
Table 59 Europe Sodium Benzoate Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 60 Europe Sodium Benzoate Market Outlook, By Other End Users (2021-2030) ($MN)
Table 61 Asia Pacific Sodium Benzoate Market Outlook, By Country (2021-2030) ($MN)
Table 62 Asia Pacific Sodium Benzoate Market Outlook, By Form (2021-2030) ($MN)
Table 63 Asia Pacific Sodium Benzoate Market Outlook, By Granules (2021-2030) ($MN)
Table 64 Asia Pacific Sodium Benzoate Market Outlook, By Powder (2021-2030) ($MN)
Table 65 Asia Pacific Sodium Benzoate Market Outlook, By Flakes (2021-2030) ($MN)
Table 66 Asia Pacific Sodium Benzoate Market Outlook, By Other Forms (2021-2030) ($MN)
Table 67 Asia Pacific Sodium Benzoate Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 68 Asia Pacific Sodium Benzoate Market Outlook, By Offline Retailer (2021-2030) ($MN)
Table 69 Asia Pacific Sodium Benzoate Market Outlook, By Online Retailer (2021-2030) ($MN)
Table 70 Asia Pacific Sodium Benzoate Market Outlook, By Application (2021-2030) ($MN)
Table 71 Asia Pacific Sodium Benzoate Market Outlook, By Antifungal Agent (2021-2030) ($MN)
Table 72 Asia Pacific Sodium Benzoate Market Outlook, By Antimicrobial Agent (2021-2030) ($MN)
Table 73 Asia Pacific Sodium Benzoate Market Outlook, By Flavoring Agent (2021-2030) ($MN)
Table 74 Asia Pacific Sodium Benzoate Market Outlook, By Preservative (2021-2030) ($MN)
Table 75 Asia Pacific Sodium Benzoate Market Outlook, By Other Applications (2021-2030) ($MN)
Table 76 Asia Pacific Sodium Benzoate Market Outlook, By End User (2021-2030) ($MN)
Table 77 Asia Pacific Sodium Benzoate Market Outlook, By Food & Beverages (2021-2030) ($MN)
Table 78 Asia Pacific Sodium Benzoate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
Table 79 Asia Pacific Sodium Benzoate Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 80 Asia Pacific Sodium Benzoate Market Outlook, By Other End Users (2021-2030) ($MN)
Table 81 South America Sodium Benzoate Market Outlook, By Country (2021-2030) ($MN)
Table 82 South America Sodium Benzoate Market Outlook, By Form (2021-2030) ($MN)
Table 83 South America Sodium Benzoate Market Outlook, By Granules (2021-2030) ($MN)
Table 84 South America Sodium Benzoate Market Outlook, By Powder (2021-2030) ($MN)
Table 85 South America Sodium Benzoate Market Outlook, By Flakes (2021-2030) ($MN)
Table 86 South America Sodium Benzoate Market Outlook, By Other Forms (2021-2030) ($MN)
Table 87 South America Sodium Benzoate Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 88 South America Sodium Benzoate Market Outlook, By Offline Retailer (2021-2030) ($MN)
Table 89 South America Sodium Benzoate Market Outlook, By Online Retailer (2021-2030) ($MN)
Table 90 South America Sodium Benzoate Market Outlook, By Application (2021-2030) ($MN)
Table 91 South America Sodium Benzoate Market Outlook, By Antifungal Agent (2021-2030) ($MN)
Table 92 South America Sodium Benzoate Market Outlook, By Antimicrobial Agent (2021-2030) ($MN)
Table 93 South America Sodium Benzoate Market Outlook, By Flavoring Agent (2021-2030) ($MN)
Table 94 South America Sodium Benzoate Market Outlook, By Preservative (2021-2030) ($MN)
Table 95 South America Sodium Benzoate Market Outlook, By Other Applications (2021-2030) ($MN)
Table 96 South America Sodium Benzoate Market Outlook, By End User (2021-2030) ($MN)
Table 97 South America Sodium Benzoate Market Outlook, By Food & Beverages (2021-2030) ($MN)
Table 98 South America Sodium Benzoate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
Table 99 South America Sodium Benzoate Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 100 South America Sodium Benzoate Market Outlook, By Other End Users (2021-2030) ($MN)
Table 101 Middle East & Africa Sodium Benzoate Market Outlook, By Country (2021-2030) ($MN)
Table 102 Middle East & Africa Sodium Benzoate Market Outlook, By Form (2021-2030) ($MN)
Table 103 Middle East & Africa Sodium Benzoate Market Outlook, By Granules (2021-2030) ($MN)
Table 104 Middle East & Africa Sodium Benzoate Market Outlook, By Powder (2021-2030) ($MN)
Table 105 Middle East & Africa Sodium Benzoate Market Outlook, By Flakes (2021-2030) ($MN)
Table 106 Middle East & Africa Sodium Benzoate Market Outlook, By Other Forms (2021-2030) ($MN)
Table 107 Middle East & Africa Sodium Benzoate Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 108 Middle East & Africa Sodium Benzoate Market Outlook, By Offline Retailer (2021-2030) ($MN)
Table 109 Middle East & Africa Sodium Benzoate Market Outlook, By Online Retailer (2021-2030) ($MN)
Table 110 Middle East & Africa Sodium Benzoate Market Outlook, By Application (2021-2030) ($MN)
Table 111 Middle East & Africa Sodium Benzoate Market Outlook, By Antifungal Agent (2021-2030) ($MN)
Table 112 Middle East & Africa Sodium Benzoate Market Outlook, By Antimicrobial Agent (2021-2030) ($MN)
Table 113 Middle East & Africa Sodium Benzoate Market Outlook, By Flavoring Agent (2021-2030) ($MN)
Table 114 Middle East & Africa Sodium Benzoate Market Outlook, By Preservative (2021-2030) ($MN)
Table 115 Middle East & Africa Sodium Benzoate Market Outlook, By Other Applications (2021-2030) ($MN)
Table 116 Middle East & Africa Sodium Benzoate Market Outlook, By End User (2021-2030) ($MN)
Table 117 Middle East & Africa Sodium Benzoate Market Outlook, By Food & Beverages (2021-2030) ($MN)
Table 118 Middle East & Africa Sodium Benzoate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
Table 119 Middle East & Africa Sodium Benzoate Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 120 Middle East & Africa Sodium Benzoate Market Outlook, By Other End Users (2021-2030) ($MN)

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