Sodium Benzoate Market : Global Industry Analysis and Forecast 2021 - 2027

1. Title: Sodium Benzoate Market : Global Industry Analysis and Forecast 2021 - 2027 Keywords: Sodium Benzoate Market Description: Sodium Benzoate is a popular preservative which is used in foods. Several industries such as food, cosmetics widely use this preservative in different products. Market Overview The global sodium benzoate market was valued at USD 186.3 million in 2020 and is expected to register a CAGR of 4.3% between 2021 and 2028. Sodium benzoate is a preservative used widely across industries. It acts as a food preservative and occurs naturally in fruits such as cranberries, prunes, plums, and apples. Sodium benzoate is the sodium salt obtained when benzoic acid reacts with sodium hydroxide. Apart from the food and beverage industry, sodium benzoate has its applications across pharmaceutical as well as personal care industry. The increasing demand for convenience food across the world has propelled the growth of the sodium benzoate market. The advent of various fast-food companies across the globe has further proliferated the market growth in the last couple of years. Competitive Landscape The market for sodium benzoate has a list of many small, medium, and large-scale key players. Some of them are Foodchem International Corporation, Emerald Performance Materials LLC, Grenkem, and Avantor. They are trying to implement new strategies to market their products. Also, these key players are investing their money to cope up with the constantly changing demands and preferences of the consumers. Market Segmentation Based on the Sodium benzoate market analysis, the market for sodium benzoate is segmented into two major categories which include by application and by form. These two major segments are further divided into sub-segments which are mentioned below. Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/sodium-benzoate-market-10543 Regional Analysis The sodium benzoate global market is segmented on the basis of five major regions which include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Out of these five regions, the Asia Pacific region is expected to witness a specific growth during the forecast period because of the presence of the key industries of food and beverages in that region. The

2. pharmaceutical industry in the Asia Pacific region is currently dominating the market and hence, is expected to provide a great opportunity to the sodium benzoate market towards its growth. In addition to that, there is a huge growth of fast food industries in that region especially in countries like China and India which may fuel the growth of the market for sodium benzoate. NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details. About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com