Sodium benzoate is the sodium salt of benzoic acid. Naturally, sodium benzoate is found in several fruits such as apples, berries, plums, clove, and cinnamons. It is a water-soluble compound and mainly used as a preservative in various applications such as food, beverage, pharmaceuticals, and personal care.
The global sodium benzoate market for food and beverages segment accounted for the majority market share during 2017 and will continue to dominate the market for the next few years.
In terms of geography, APAC accounted for the majority market share during 2017 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the growing consumption of sodium benzoate in the region is the rising population, growing urbanization, economic development, flourishing personal care, and the emerging pharmaceutical industry and food and beverage industry.
In 2019, the market size of Sodium Benzoate is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Sodium Benzoate.
This report studies the global market size of Sodium Benzoate, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Sodium Benzoate production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Tengzhou Tenglong Chemical
Shandong Tong Tai Wei Run Chemical
Market Segment by Product Type
Market Segment by Application
Food and Beverage
Key Regions split in this report: breakdown data for each region.
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Sodium Benzoate status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Sodium Benzoate manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Sodium Benzoate are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025