Sodium Benzoate Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Form (Powder, Granules, Others), By Application (Beverages & Food, Cosmetics, Pharmaceuticals, Others), By Region, and By Competition

  • Industry : Chemicals
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 1.24 billion

CAGR (2023-2028)

6.01%

Fastest Growing Segment

Cosmetics

Largest Market

Asia-Pacific


Market Overview

Global Sodium Benzoate Market has valued at USD 1.24 billion in 2022 and is anticipated to grow in the forecast period with a CAGR of 6.01% through 2028. Sodium benzoate is a widely used preservative in the food and beverage industry. It is known for its effectiveness in preventing the growth of bacteria, mold, and yeast in various products, thus extending their shelf life. The market for sodium benzoate is influenced by factors such as the demand for processed food, changing consumer preferences, and increasing awareness regarding food safety.

Key Market Drivers

Growing Demand for Processed Foods

In an era defined by fast-paced lifestyles and convenience-driven consumer choices, the demand for processed foods has witnessed an unprecedented surge. This shift in dietary preferences is not only reshaping the way people eat but is also significantly impacting the food industry and its ancillary markets. One such beneficiary of this evolving food landscape is the global sodium benzoate market.

Processed foods, ranging from ready-to-eat meals to packaged snacks, are a mainstay in the modern diet. However, the challenge for manufacturers lies in maintaining the freshness and quality of these products throughout their shelf life. Sodium benzoate, a potent preservative, plays a pivotal role in inhibiting the growth of bacteria, yeast, and mold, thereby extending the longevity of processed foods. As the demand for such products continues to rise, so does the need for reliable preservatives like sodium benzoate.

The contemporary lifestyle, characterized by hectic schedules and on-the-go routines, has led to an increased reliance on convenience foods. Consumers are seeking quick and easy meal solutions, driving the demand for packaged and processed options. Sodium benzoate provides a solution for manufacturers by ensuring that these convenience foods remain safe for consumption, even without the need for refrigeration.

Urbanization is a global phenomenon, and as more people migrate to urban areas, there is a corresponding shift in dietary habits. Urban dwellers often opt for processed and packaged foods due to their convenience and longer shelf life. Sodium benzoate, with its preservative properties, aligns perfectly with the demands of this urbanized consumer base, contributing to the growth of the market.

Consumer preferences are evolving, and the demand for innovative and diverse food options is on the rise. Processed foods, with their wide array of flavors and formulations, are becoming increasingly popular. Sodium benzoate allows manufacturers to meet these evolving preferences by ensuring that the sensory attributes and safety of these products are maintained over time.

Rising Awareness of Food Safety

In an era marked by heightened awareness of health and wellness, consumers are placing increased emphasis on the safety and quality of the food they consume. This growing consciousness around food safety has not only transformed consumer behavior but has also emerged as a significant driver for the global sodium benzoate market.

As consumers become more discerning about the origins and contents of the products they purchase, there has been a notable shift towards a greater emphasis on food safety. Foodborne illnesses and contamination incidents have heightened awareness, prompting consumers to seek products with reliable preservatives to ensure the safety of what they consume. Sodium benzoate, known for its effectiveness in inhibiting microbial growth, stands as a guardian of food safety in various products.

Food safety isn't just about protecting consumers; it also involves minimizing food waste. Sodium benzoate, as a preservative, plays a crucial role in extending the shelf life of products, preventing spoilage, and reducing the likelihood of microbial contamination. This aligns with the broader societal goals of sustainable consumption and production by minimizing food wastage.

Governments and regulatory bodies worldwide have responded to the growing concerns about food safety by implementing stringent standards and regulations. Compliance with these regulations is non-negotiable for players in the food and beverage industry. Sodium benzoate, meeting the required safety standards, has become a staple for manufacturers seeking to adhere to regulatory guidelines and ensure the highest levels of food safety in their products.

The rising awareness of food safety has led consumers to seek products with trustworthy preservatives. Sodium benzoate, with its long history of safe use and approval by regulatory agencies, instills confidence among consumers. This trust factor contributes to the increasing integration of sodium benzoate into various food and beverage products, further driving market growth.

Expanding Beverage Industry

The global beverage industry, characterized by its dynamism and constant innovation, is not only a source of refreshment but also a key driver behind the growth of various supporting markets. One such beneficiary is the global sodium benzoate market.

As the beverage industry continues to expand, there is a growing need for effective preservatives to maintain the freshness and quality of liquid products. Sodium benzoate, with its proven ability to inhibit the growth of bacteria and yeast, is a crucial ingredient in preserving the shelf life of a wide range of beverages. This includes carbonated drinks, fruit juices, energy drinks, and more, all of which contribute to the rising demand for sodium benzoate.

The global trend towards healthier lifestyles has led to a surge in the production and consumption of functional and health-oriented beverages. These beverages often contain vitamins, antioxidants, and other beneficial components that require protection from spoilage. Sodium benzoate, acting as a preservative, ensures that these functional drinks maintain their nutritional integrity over time, thereby supporting the growth of this segment in the beverage industry.

Changing consumer preferences, including a growing focus on health and wellness, have contributed to the rise of non-alcoholic beverages. This segment encompasses a variety of products, such as non-alcoholic beer, mocktails, and alcohol-free spirits. Sodium benzoate plays a pivotal role in extending the shelf life of these products, meeting the demand for preservatives in the non-alcoholic beverage sector.

The contemporary consumer's preference for convenience has fueled the demand for ready-to-drink (RTD) products. These encompass a broad spectrum of beverages, from iced teas to coffee drinks. Sodium benzoate, as a preservative, helps these products maintain their taste and quality over an extended period, catering to the needs of consumers seeking convenient and on-the-go refreshment options.

Globalization and Urbanization

The global landscape is undergoing rapid transformation, marked by the twin forces of globalization and urbanization. As societies become more interconnected and cities burgeon with population influx, the dynamics of various industries are experiencing significant shifts. One such beneficiary of this transformation is the global sodium benzoate market.

The migration of populations from rural to urban areas is a defining characteristic of the contemporary world. Urbanization is often accompanied by shifts in lifestyle and dietary habits. Urban dwellers, with their busy schedules, increasingly turn to processed and convenience foods. Sodium benzoate, a key preservative, ensures the safety and longevity of these urban-centric food products, aligning with the changing dietary preferences of urban populations.

The fast-paced nature of urban lifestyles has given rise to the popularity of convenience foods. Packaged snacks, ready-to-eat meals, and on-the-go beverages have become staples in the diets of urban dwellers. Sodium benzoate, by extending the shelf life of these convenience foods, becomes an indispensable component in catering to the needs of urban consumers seeking quick and easy meal solutions.

Globalization has brought about an exchange of cultures and culinary traditions on an unprecedented scale. People now have access to a wide array of international foods and flavors. Sodium benzoate plays a crucial role in preserving the authenticity and quality of these diverse food offerings, contributing to the globalization of the food industry and subsequently, the growth of the sodium benzoate market.

The global supply chain has become increasingly integrated, allowing for the seamless movement of goods across borders. This integration benefits the sodium benzoate market as manufacturers can source and distribute their products more efficiently. Sodium benzoate, as a preservative, facilitates the global movement of processed foods and beverages, ensuring they reach consumers in urban centers worldwide in optimal condition.


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Key Market Challenges

Growing Demand for Natural Alternatives

One of the significant challenges faced by the sodium benzoate market is the escalating demand for natural and clean-label preservatives. Consumers, increasingly health-conscious and environmentally aware, are seeking alternatives that are perceived as more natural. This shift in consumer preferences poses a challenge for sodium benzoate, which may be viewed as a synthetic preservative.

Regulatory Scrutiny and Compliance

Stringent regulations and standards related to food safety and quality are both a boon and a challenge for the sodium benzoate market. While adherence to these regulations is essential for consumer safety, compliance can be demanding for manufacturers. Meeting evolving regulatory standards across different regions can pose logistical and economic challenges for sodium benzoate producers.

Consumer Awareness and Perception

Consumer awareness of food additives and preservatives has increased, driven by a desire for transparency and clean-label products. Negative perceptions or misconceptions about the safety of sodium benzoate, despite its regulatory approval, can hinder market growth. Building and maintaining consumer trust in the safety of sodium benzoate remains an ongoing challenge.

Key Market Trends

Clean-Label Preservatives

Consumers are increasingly seeking transparency in food labels, driving a demand for clean-label products. In response, the sodium benzoate market is witnessing a trend towards clean-label preservatives, emphasizing natural and recognizable ingredients. Manufacturers are exploring formulations that meet regulatory requirements while aligning with consumer preferences for minimal processing.

Technological Innovations in Preservation

Advancements in food preservation technologies are influencing the sodium benzoate market. Novel techniques, such as advanced packaging technologies and modified atmosphere packaging, are being explored to reduce the reliance on traditional preservatives. The sodium benzoate market is expected to witness innovations that enhance its effectiveness and compatibility with modern food processing methods.

Focus on Microbial Safety

The rising concern about microbial safety and contamination is driving a trend towards preservatives that offer broad-spectrum protection. Sodium benzoate, known for its effectiveness against bacteria, yeast, and mold, is poised to benefit from this trend. Manufacturers are likely to emphasize the microbial safety aspect of sodium benzoate as a key selling point.

Segmental Insights

Form Insights

In 2022, the powder segment emerged as the market leader, securing the largest share of global revenue. Sodium benzoate E211 powder, characterized by its white appearance, exhibits maximum effectiveness at slightly acidic pH levels. It readily dissolves in water but shows lower solubility in organic solvents. This form of sodium benzoate plays a crucial role in preserving fruits, vegetables, salads, and fish marinades. Moreover, it is employed to maintain the freshness of beer, olives, and fruit yogurt. Notably, its environmentally friendly nature allows it to accumulate in water and soil.

Looking ahead, the granules segment is anticipated to experience a notable CAGR during the forecast period. Sodium benzoate granules, which are white in color, represent the sodium salt of benzoic acid and are water-soluble. These granules serve as preservatives in various food items such as fruit juices, pickles, salad dressings, carbonated drinks, and jams. As an antifungal agent, sodium benzoate aids in balancing the pH within individual cells, thereby enhancing the overall acidity of the product. This adjustment makes it challenging for fungi to thrive, preventing food contamination and significantly extending its shelf life.

Application Insights

In 2022, the market was notably led by the food and beverages segment, capturing the largest share of global revenue. According to the International Program on Health and Safety, sodium benzoate is extensively utilized in the beverage industry. Specifically, it is employed to enhance the acidity of soft drinks, thereby intensifying the flavor of high-fructose corn syrup. On the ingredient list of a soda can, sodium benzoate is identified as E211, the designated code for this food additive. E211 is a common component in diet soft drinks.

Looking ahead, the cosmetic segment is poised to experience the most rapid CAGR in terms of revenue during the forecast period. Studies indicate that sodium benzoate can be safely incorporated into cosmetic formulations at concentrations of up to 5%. However, it is essential to consider immunological factors when applying this chemical in cosmetic products designed for infants and children. Functioning as an antifungal preservative, sodium benzoate is found in both cosmetics and food, displaying high efficacy against fungi, yeasts, and bacteria.


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Regional Insights

The Asia-Pacific region is poised to assert dominance in the global sodium benzoate market for several compelling reasons. Firstly, the region is experiencing substantial economic growth, leading to increased consumer spending and a rising demand for processed food and beverages. As sodium benzoate is widely used as a preservative in these products, the escalating consumption contributes significantly to the market's expansion. Moreover, the robust manufacturing sector in countries like China and India positions the region as a key producer of sodium benzoate, fostering a self-sufficient supply chain. Additionally, stringent food safety regulations and a growing awareness of the benefits of using sodium benzoate in various industries further propel its market growth in the Asia-Pacific region. This combination of economic development, production capabilities, and regulatory factors positions Asia-Pacific to emerge as the dominant force in the global sodium benzoate market.

Recent Developments

  • In March 2022, Ganesh Benzoplast Ltd, in partnership with Golden Agri International Enterprises Pte. Limited, KN Agri Resources Ltd., and other investors, entered the ethanol production and Extra Neutral Alcohol (ENA) sector by acquiring a 100 percent shareholding in Sagar Industries, a distillery located in Nasik, Maharashtra, India.
  • In December 2019, DuPont de Nemours ("DuPont") and International Flavors and Fragrances Inc. ("IFF") finalized a definitive agreement to merge DuPont's Nutrition and Biosciences ("N&B") division with IFF. The merger was successfully completed in February 2021, with IFF gaining ownership of various legal entities associated with the N&B company as part of the integration process.

Key Market Players

  • Foodchem International Corporation
  • Avantor Inc.
  • Merck KGaA
  • Ganesh Benzoplast Ltd.
  • Spectrum Chemical Manufacturing Corp
  • Wuhan Youji Industrial Co Ltd
  • FBC Industries, Inc.
  • Tengzhou Tenglong Chemical Co., Ltd.
  • CellMark AB
  • AM Food Chemical Co., Limited

 By Form

By Application

By Region
  • Powder
  • Granules
  • Others
  • Beverages & Food
  • Cosmetics
  • Pharmaceuticals
  • Others
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Sodium Benzoate Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Sodium Benzoate Market, By Form:

o   Powder

o   Granules

o   Others

  • Sodium Benzoate Market, By Application:

o   Beverages & Food

o   Cosmetics

o   Pharmaceuticals

o   Others

  • Sodium Benzoate Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

o   Asia-Pacific

§  China

§  Japan

§  India

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Sodium Benzoate Market.

Available Customizations:

Global Sodium Benzoate market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Sodium Benzoate Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Form (Powder, Granules, Others)

5.2.2.    By Application (Beverages & Food, Cosmetics, Pharmaceuticals, Others)

5.2.3.    By Region

5.2.4.    By Company (2022)

5.3.  Product Market Map

5.3.1.    By Form

5.3.2.    By Application

5.3.3.    By Region

5.4.  Pricing Analysis

6.    North America Sodium Benzoate Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Form (Powder, Granules, Others)

6.2.2.    By Application (Beverages & Food, Cosmetics, Pharmaceuticals, Others)

6.2.3.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Sodium Benzoate Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Form

6.3.1.2.2.           By Application

6.3.2.    Canada Sodium Benzoate Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Form

6.3.2.2.2.           By Application

6.3.3.    Mexico Sodium Benzoate Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Form

6.3.3.2.2.           By Application

7.    Europe Sodium Benzoate Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Form (Powder, Granules, Others)

7.2.2.    By Application (Beverages & Food, Cosmetics, Pharmaceuticals, Others)

7.2.3.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Sodium Benzoate Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Form

7.3.1.2.2.           By Application

7.3.2.    United Kingdom Sodium Benzoate Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Form

7.3.2.2.2.           By Application

7.3.3.    France Sodium Benzoate Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Form

7.3.3.2.2.           By Application

7.3.4.    Italy Sodium Benzoate Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Form

7.3.4.2.2.           By Application

7.3.5.    Spain Sodium Benzoate Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Form

7.3.5.2.2.           By Application

8.    Asia-Pacific Sodium Benzoate Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Form (Powder, Granules, Others)

8.2.2.    By Application (Beverages & Food, Cosmetics, Pharmaceuticals, Others)

8.2.3.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Sodium Benzoate Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Form

8.3.1.2.2.           By Application

8.3.2.    Japan Sodium Benzoate Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Form

8.3.2.2.2.           By Application

8.3.3.    India Sodium Benzoate Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Form

8.3.3.2.2.           By Application

8.3.4.    Australia Sodium Benzoate Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Form

8.3.4.2.2.           By Application

8.3.5.    South Korea Sodium Benzoate Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Form

8.3.5.2.2.           By Application

9.    South America Sodium Benzoate Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Form (Powder, Granules, Others)

9.2.2.    By Application (Beverages & Food, Cosmetics, Pharmaceuticals, Others)

9.2.3.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Sodium Benzoate Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Form

9.3.1.2.2.           By Application

9.3.2.    Argentina Sodium Benzoate Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Form

9.3.2.2.2.           By Application

9.3.3.    Colombia Sodium Benzoate Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Form

9.3.3.2.2.           By Application

10. Middle East and Africa Sodium Benzoate Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Form (Powder, Granules, Others)

10.2.2. By Application (Beverages & Food, Cosmetics, Pharmaceuticals, Others)

10.2.3. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Sodium Benzoate Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Form

10.3.1.2.2.         By Application

10.3.2. Saudi Arabia Sodium Benzoate Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Form

10.3.2.2.2.         By Application

10.3.3. UAE Sodium Benzoate Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Form

10.3.3.2.2.         By Application

10.3.4. Kuwait Sodium Benzoate Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Form

10.3.4.2.2.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Development

12.2.             Mergers & Acquisitions

12.3.             Product Launches

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Products

14. Competitive Landscape

14.1.             Business Overview

14.2.             Product Offerings

14.3.             Recent Developments

14.4.             Financials (As Reported)

14.5.             Key Personnel

14.6.             SWOT Analysis

14.6.1.  Foodchem International Corporation

14.6.2.  Avantor Inc.

14.6.3.  Merck KGaA

14.6.4.  Ganesh Benzoplast Ltd.

14.6.5.  Spectrum Chemical Manufacturing Corp

14.6.6.  Wuhan Youji Industrial Co Ltd

14.6.7.  FBC Industries, Inc.

14.6.8.  Tengzhou Tenglong Chemical Co., Ltd.

14.6.9.  CellMark AB

14.6.10.                AM Food Chemical Co., Limited

15.   Strategic Recommendations

Figures and Tables

Frequently asked questions

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The market size of the Global Sodium Benzoate Market was estimated to be USD 1.24 billion in 2022.

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Foodchem International Corporation, Avantor Inc., Merck KGaA, Ganesh Benzoplast Ltd., Spectrum Chemical Manufacturing Corp, Wuhan Youji Industrial Co Ltd, FBC Industries, Inc., Tengzhou Tenglong Chemical Co., Ltd., CellMark AB, AM Food Chemical Co., Limited are some of the key players operating in the Global Sodium Benzoate Market.

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Growing demand for natural alternatives, consumer awareness & perception, price volatility of raw materials, are some of the major challenges faced by the Global Sodium Benzoate Market in the upcoming years.

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Growing demand for processed foods and rising awareness of food safety are the major drivers for the Global Sodium Benzoate Market.

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Sakshi Bajaal

Business Consultant
Press Release

Sodium Benzoate Market to Grow with a CAGR of 6.01% through 2028

Nov, 2023

Growing demand for processed foods and expanding beverage industry is expected to drive the Global Sodium Benzoate Market growth in the forecast period, 2024-2028.

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