Global Benzoates
Market Report
2025
Global Benzoates market was valued at USD 412.63 million in 2022 and is projected to reach USD 614.30 million by 2030, registering a CAGR of 5.1% for the forecast period 2023-2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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Global Benzoates market was valued at USD 412.63 million in 2022 and is projected to reach USD 614.30 million by 2030, registering a CAGR of 5.1% for the forecast period 2023-2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Benzoates Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 5.1% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Benzoates Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Benzoates are a class of chemical compounds that derives from benzoic acid. It It is a white crystalline substance found naturally in various fruits, such as cranberries, plums, and prunes. Due to its antibacterial and antifungal properties, it is synthesized for use in various industries including personal care, food and beverages, and pharmaceutical. Benzoates are used in personal care products like toothpaste, body lotion, hair conditioner, sunscreen, and lip balm. In Pharmaceuticals, benzoates are used as preservatives in medicines, especially in liquid medicines like cough syrup. It acts as a preservative agent with the presence of acidic pH in foods and beverage products like pickles, jams, margarine, fruit yogurt, and salads.
Increasing usage of benzoates in food and personal care products drives the growth of the benzoates market. In food and beverages, sodium benzoates are used as preservatives to extend the product’s shelf life. Benzoates especially sodium benzoates impede the growth of harmful bacteria and microbes in foods and beverages like juice, jelly, salad, soda, and other condiments. Benzoate is recognized as a safe preservative in food and beverages. For instance, It is listed as E211 in European food products. Moreover, benzoates play a crucial role in the prevention of cosmetics and personal care products. It is widely used in hair products, mouthwash, toothpaste, facial and body creams & lotions to extend its shelf life. Also, it acts as a, pH stabilizer in cosmetics and personal care products.
The harmful effect of benzoate on human health can limit the growth of the benzoate market. Some studies have suggested potential health risks associated with the consumption of certain benzoates, such as sodium benzoates, including allergic reactions and hyperactivity in children. As per the study published by the national library of Medicine, sodium benzoate can cause oxidative stress and inflammation. Also, it causes harmful effects on embryos, hormone levels, liver and kidney function, irritating effects on Gastric Mucosa, and adverse effects on memory and anxiety processes. If consumer concerns regarding the safety of benzoates grow, it may lead to reduce the demand for benzoate and hamper the market growth.
The outbreak of Covid-19 has adverse impact on the Benzoates market growth. Disruption in the supply chain led to an effect on the raw material availability for the manufacturing of benzoates. The food industry which is a major consumer industry of benzoate experienced a downturn due to lockdown and restrictions. Many industries faced operational challenges during a pandemic. Reduces production capacities and workforce shortages. Thus, the disruption of the supply chain, lack of raw materials, downturn of major consumer industries, and workforce shortages declined the demand for the benzoate during the pandemic.
Benzoates manufacture and use have now restarted as Benzoates consumer industries are restarted like pharmaceutical, food and beverages, and personal care. Increasing use of antimicrobial agents during the pandemic increases the demand for the benzoate in food and beverages industry.
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Chemical and materials companies are facing some challenges including stringent rules & regulation, supply chain disruption along with raw material price volatility. Thus, some of the key players are adopting new technologies to enhance their product portfolio. Now days digital technologies play an important role in this sector because it improves efficiency, operations and productivity of the plant. This study helps you to understand the competitor’s revenue generation, key strategies, recent development coupled with its S.W.O.T analysis.
Top Companies Market Share in Benzoates Industry: (In no particular order of Rank)
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The market is segmented based on region: North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Benzoates are estimated to witness steady growth in developing countries of APAC like India, China, and Japan due to increasing investment, population growth, industrialization, urbanization, and changing consumer preferences. Although, benzoates are commonly used in the food and beverages sector, increasing the consumption rate of food and beverages and policy support for the food industry in APAC is expected to propel the benzoate market growth. For instance, the Indian government boosting investment in the food and beverages processing industry, and the production-linked incentive scheme for the food processing industry aims to improve manufacturing, increasing exports. Moreover, increasing export of food and beverages in the APAC region is expected to drive the demand for benzoate. For instance, China and Japan are the 4th and 5th largest exporters countries of the food and beverages sector respectively.
North America is also expected to witness robust growth in the benzoates market over the projection period. The U.S. is the largest exporter country of food and beverages increasing the demand for benzoates as preservatives for food and beverages. Moreover, benzoate is approved for use by regulatory bodies such as the U.S. Food and Drug Administration (FDA) and Health Canada. The acceptance and approval of benzoate in the region are anticipated to grow the benzoate market.
The current report Scope analyzes Benzoates Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Benzoates Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Benzoates Industry growth. Benzoates market has been segmented with the help of its Type, Application , and others. Benzoates market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on type, the market is bifurcated into Sodium Benzoate, Potassium Benzoates, Ammonium Benzoates. Sodium benzoates are used as preservatives to extend the product’s shelf life. It harms the growth of harmful bacteria and microbes in foods and beverages like juice, jelly, salad, soda, and other condiments. Most often, sodium benzoate is added to carbonated drinks, sauces, mayonnaises, margarine, tomato paste, and fruit preserves. Thus, the rising usage of sodium benzoates along with other applications like cosmetics, and personal care is projected to increase the demand for the sodium benzoate segment.
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Based on application, the benzoates market is segmented into Pharmaceutical, Personal care, Food & Beverages, and Others. The expansion of the food and beverage sector is fuelled by rising household spending, urbanization, and changing living and eating patterns. The attraction of the population towards ready-to-eat food increases the demand for antimicrobial agents to preserve food and extend its shelf life. The increasing demand for antimicrobial agents in the food and beverage industry rises the demand for benzoates in the food and beverage industry.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Benzoates Market is witnessing significant growth in the near future.
In 2023, the Sodium Benzoate segment accounted for noticeable share of global Benzoates Market and is projected to experience significant growth in the near future.
The Pharmaceutical segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Sysco Corporation , ADM and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Sodium Benzoate, Potassium Benzoates, Ammonium Benzoates |
Application | Pharmaceutical, Personal care, Food & Beverages, Others |
List of Competitors | Sysco Corporation, Del Monte, ADM, Conagra Foodservice Inc., Capricorn Food Products India Ltd., Royal Ridge Fruits, Saraf Foods Ltd, ALFA LAVAL, Freudenberg Group, Capuzzo S.r.l., Del Monte, Reid Produce Co., acific coast fruit company, MANDAR FOOD PRODUCTS, Washington Fruit & Produce Co, Reid Produce Co, Rhodes Food Group, AOHATA CORPORATION. |
This chapter will help you gain GLOBAL Market Analysis of Benzoates. Further deep in this chapter, you will be able to review Global Benzoates Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Benzoates. Further deep in this chapter, you will be able to review North America Benzoates Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Benzoates. Further deep in this chapter, you will be able to review Europe Benzoates Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Benzoates. Further deep in this chapter, you will be able to review Asia Pacific Benzoates Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Benzoates. Further deep in this chapter, you will be able to review South America Benzoates Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Benzoates. Further deep in this chapter, you will be able to review Middle East and Africa Benzoates Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Benzoates. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Benzoates market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Sodium Benzoate have a significant impact on Benzoates market? |
What are the key factors affecting the Sodium Benzoate and Potassium Benzoates of Benzoates Market? |
What is the CAGR/Growth Rate of Pharmaceutical during the forecast period? |
By type, which segment accounted for largest share of the global Benzoates Market? |
Which region is expected to dominate the global Benzoates Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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