Sodium Benzoate Market growing at a CAGR of 6.1% from 2022 to 2030

The global sodium benzoate market size was estimated at USD 1.22 billion in 2021 and is projected to reach USD 2.1 billion by 2030, growing at a CAGR of 6.1% from 2022 to 2030. Consumers’ are moving toward processed food and beverage goods such as fruit drinks, snacks, processed meat, and others to fulfill their daily meal requirements.

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In many European countries, the popularity of missing meals such as breakfast has increased customer preference for processed and packaged food and beverage goods. Preservatives, including sodium benzoate, is an essential ingredient in processed food and beverage and has driven the market.

Due to the shutdown, channel partners witnessed a significant drop in demand. This resulted in higher inventory levels with most trade partners, as well as an inability to clear pending stock with them. During the first two quarters of 2020, sodium benzoate manufacturers experienced a substantial disruption in their raw material supply chain owing to the COVID-19 pandemic. The usage of sodium benzoate as a synthetic preservative in the food industry is a significant growth driver for the market. It is primarily utilized as an anti-microbial in lower pH products such as jams, salad dressings, carbonated drinks, pickles, etc. It is a popular food preservative due to its ease of manufacturing, colorlessness, and low cost. It is also employed as a preservative in liquid pharmaceutical formulations in the pharmaceutical sector.

Due to the rising worldwide population, the food industry and pharmaceuticals are expanding industries that will drive the market. Factors such as increased consumer awareness, increased urbanization, increased demand for medicinal supplies, and the growth of the packaged food business have driven the expansion of the market. Increasing public awareness about the dangers of synthetic preservatives, particularly in North America and Europe, is projected to limit market growth in the future years.

The use of dangerous chemicals in cosmetics, food, and pharmaceuticals is restricted and tightly monitored by government authorities in North America and Europe, which might have an impact on the rate of expansion of the market. Although sodium benzoate is a common additive in the industry, there are many replacements available in the market for both food and pharmaceuticals, limiting the market share of sodium benzoate.

Form Insights

The powder segment led the market and accounted for 60.9% of the global revenue share in 2021. Sodium benzoate E211 powder is a white powder with the strongest impact at slightly acidic pH levels. It dissolves readily in water but less in organic solvents. Sodium benzoate helps to preserve fruit and vegetable, salads, and fish marinades. It’s also used to keep beer, olives fresh, and fruit yogurt. It is environmentally friendly and accumulates in water and soil.

The granules segment is expected to witness a CAGR of 5.4 % over the forecast period. Sodium benzoate granules are whitein color. This is the sodium salt of benzoic acid, which is water-soluble. It is utilized as preservatives in food. Such as fruit juices, pickles, salad dressings, carbonated drinks, jams, etc. As an antifungal, sodium benzoate is used to balance the pH inside individual cells, boosting the overall acidity of the product and making it more difficult for fungi to proliferate. These fungi can infect food and cause it to degrade, reducing its shelf life substantially.

Due to the rising worldwide population, the food industry and pharmaceuticals are expanding industries that will drive the market. Factors such as increased consumer awareness, increased urbanization, increased demand for medicinal supplies, and the growth of the packaged food business have driven the expansion of the market. Increasing public awareness about the dangers of synthetic preservatives, particularly in North America and Europe, is projected to limit market growth in the future years.

The use of dangerous chemicals in cosmetics, food, and pharmaceuticals is restricted and tightly monitored by government authorities in North America and Europe, which might have an impact on the rate of expansion of the market. Although sodium benzoate is a common additive in the industry, there are many replacements available in the market for both food and pharmaceuticals, limiting the market share of sodium benzoate.

Form Insights

The powder segment led the market and accounted for 60.9% of the global revenue share in 2021. Sodium benzoate E211 powder is a white powder with the strongest impact at slightly acidic pH levels. It dissolves readily in water but less in organic solvents. Sodium benzoate helps to preserve fruit and vegetable, salads, and fish marinades. It’s also used to keep beer, olives fresh, and fruit yogurt. It is environmentally friendly and accumulates in water and soil.

The granules segment is expected to witness a CAGR of 5.4 % over the forecast period. Sodium benzoate granules are whitein color. This is the sodium salt of benzoic acid, which is water-soluble. It is utilized as preservatives in food. Such as fruit juices, pickles, salad dressings, carbonated drinks, jams, etc. As an antifungal, sodium benzoate is used to balance the pH inside individual cells, boosting the overall acidity of the product and making it more difficult for fungi to proliferate. These fungi can infect food and cause it to degrade, reducing its shelf life substantially.

Sodium Benzoate Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 1.29 billion
Revenue forecast in 2030	USD 2.1 billion
Growth rate	CAGR of 6.1% from 2022 to 2030 in terms of revenue
Base year for estimation	2021
Historical data	2018 – 2020
Forecast period	2022 – 2030
Quantitative units	Volume in kilotons, revenue in USD million, and CAGR from 2022 to 2030
Report coverage	Volume forecast, Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Form, application, region
Regional scope	North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
Country Scope	U.S.; Canada; Mexico; Germany; France; U.K.; Italy; China; Japan; India; South Korea; Australia; Brazil
Key companies profiled	Foodchem International Corporation; Avantor Inc.; Merck KGaA; Ganesh Benzoplast Ltd.; Spectrum Chemicals; Wuhan Youji Industries Co. Ltd.; FBC Industries, Inc.; Tengzhou Tenglong Chemical Co., Ltd.; CellMark AB; A.M. Food Chemical Co. Limited; Hugestone enterprise co. Ltd.; PENTA CHEMICALS; DuPont de Nemours, Inc.; Tulstar Products, Inc.; Lanxess AG
Customization scope	Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional, and segment scope
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options