0
Upcoming Allied Market Research
2023
Sodium Benzoate Market

Sodium benzoate Market: Global Opportunity Analysis and Industry Forecast 2023-2030 Market

Report Code: A06924
Pages: NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Sodium benzoate Market Analysis

Sodium benzoate is a benzoic acid salt that is commonly used as a preservative in multiple end-user industries. It is naturally present in low rates in cranberries, apples, cinnamon, and plums. It is one of the inexpensive and readily available preservatives, and hence has strong demand from various end-user industries, such as food & beverage, pharmaceuticals, cosmetics, and agriculture. The market for sodium benzoate is estimated to witness notable growth, owing to rise in applications of sodium benzoate in various industries.  It is used by producers as a preservative to prevent spoilage. Acidic products such as soda, hot sauce, jellies, jams, and sauerkraut are the most common sources of sodium benzoate. Sodium benzoate is further used as a medicine for treating hyperammonemia, a rare condition that triggers excess ammonia to build up in the body. The cost-effective price of cosmetic and chemical preservatives and their convenient availability make them a popular option for most food and cosmetic companies.

Key drivers of global sodium benzoate market

The growth of the sodium benzoate market is expected to be driven by increase in demand for benzoate from cosmetics and food industries. In certain foods and seasonings, including cranberries, cinnamon, prunes, and apples, sodium benzoate is found naturally.  Furthermore, rapid expansion of the pharmaceutical and cosmetics industries plays a vital role in increasing demand for sodium benzoates, which, in turn, is expected to fuel the market growth in the years to come.

Market scenario: opportunities and challenges

The global sodium benzoate industry is expected to grow at a rapid rate in the near future, owing to surge in demand for sodium benzoate. New scopes for sodium benzoate are emerging for the wealthy, millennial population. This is attributed to the fact that population of developed countries is witnessing a huge shift in their food habits. However, the use of hazardous chemicals in cosmetics, pharmaceuticals, and food is strictly regulated and restricted by government authorities, which negatively impacts the rate of growth of the sodium benzoate market.

COVID-19 scenario analysis

Owing to the COVID-19 pandemic, the global sodium benzoate market is expected to witness decline in growth rate during the forecast period, owing to the outbreak of the COVID-19 pandemic. COVID-19 may influence the global market for sodium benzoate in three major ways, by actively impacting production & demand, by generating supply chain & business instability. The sodium benzoate industry is anticipated to experience a direct impact for the next one or two years, if the growth of the food industry declines, as it is one of the key consumers of sodium benzoate.

Key benefits of the report

  • This study presents the analytical depiction of the global sodium benzoate industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sodium benzoate market share.
  • The current market is quantitatively analyzed to highlight the global sodium benzoate market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global sodium benzoate market research report:

  • Which are the leading market players active in the global sodium benzoate market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?

Sodium benzoate Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights

Aspects Details
By Application
  • Beverage
  • Food
  • Pharmaceuticals
  • Cosmetics
  • Agriculture
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
Key Market Players Jarchem Industries, Eastman Chemical Company, E.I., Spectrum Chemicals, AkzoNobel N.V., DuPont de Nemours Company, FBC Industries Inc., A.M. Food Chemical Co. Limited, Brown Chemical Co. Ltd, Foodchem International Corporation, Wuhan Youji Industries Co., Ltd.
 

Loading Table Of Content...


 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Sodium Benzoate Market

Start reading.
This Report and over 71,229+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise
    License/PDF

  • $9,870
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers