Europe Sodium Benzoate Market Forecast to 2028

Report Code : TIPRE00028933 | Region : Europe | Industry : Chemicals and Materials | Published Date : 10/Aug/2022

Europe Sodium Benzoate Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Application (Food and Beverages, Pharmaceuticals, Cosmetics, Agriculture, and Others)

The sodium benzoate market in Europe is expected to grow from US$ 29,571.41 thousand in 2021 to US$ 39,681.94 thousand by 2028; it is estimated to register a CAGR of 4.3% from 2021 to 2028.

The extensive usage of sodium benzoate in various end-use industries, including food & beverages, pharmaceutical, and cosmetic & personal care, is the major factor driving the growth of the Europe sodium benzoate market. Sodium benzoate is widely used in several end-use industries to maintain product quality, improve product safety, and extend product shelf life. It is utilized as a preservative in various food and beverage products, cosmetics, and medicines. In the food & beverage industry, sodium benzoate is required to prevent spoilage from harmful microorganisms, such as bacteria, yeasts, and molds. It also helps maintain the freshness and shelf life of food.

Sodium benzoate is utilized to treat urea cycle problems due to its ability to bind amino acids. As a result, these amino acids are excreted, accounting for a decline in ammonia levels. It also finds application as an antimicrobial preservative, antifungal, and lubricant for tablets and capsules. Sodium benzoate is often used as a preservative in liquid medicines such as cough syrup. It is applied in fireworks as a fuel in whistle mix, a powder that emits a whistling noise when compressed into a tube and ignited. It is used to deter corrosion in coolants for car engines and antifreeze products. In agriculture, sodium benzoate is used as a feed additive with anti-mold and antifungal properties, compatible with lactic acid bacteria added during ensiling. Furthermore, it may be found in nonconsumable cosmetic items such as toothpaste, mouthwash, and various types of hair care products. Sodium benzoate acts as a corrosion inhibitor, fragrance component, and preservative in a wide range of cosmetics and personal care products. Thus, the increasing demand for sodium benzoate across various end-use industries is propelling the market growth.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe sodium benzoate market. The Europe sodium benzoate market is expected to grow at a notable CAGR during the forecast period.

Europe Sodium Benzoate Market Revenue and Forecast to 2028 (US$ Thousand)

Europe Sodium Benzoate Market Segmentation

The Europe sodium benzoate market is bifurcated into application and country. Based on application, the Europe sodium benzoate market is segmented into food and beverages, pharmaceuticals, cosmetics, agriculture, and others. In 2021, the food and beverages segment accounted for the largest revenue share. Based on country, the Europe sodium benzoate market is segmented into France, Germany, Italy, the UK, Turkey, Russia, and the Rest of Europe. Further, the Rest of Europe held the largest market share in 2021.

A.M FOOD CHEMICAL CO., LIMITED; Akema S.r.l.; Eastman Chemical Company; Foodchem International Corporation; Jarchem Innovative Ingredients LLC; LANXESS; MERCK KGaA; and Zancheng Life Sciences Ltd. are among the leading companies operating in the sodium benzoate market in Europe

The List of Companies - Europe Sodium Benzoate Market

● A.M FOOD CHEMICAL CO., LIMITED

● Akema S.r.l.

● Eastman Chemical Company

● Foodchem International Corporation

● Jarchem Innovative Ingredients LLC

● LANXESS

● MERCK KGaA

● Zancheng Life Sciences Ltd.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection

3.2.2 Primary Interviews

3.2.3 Hypothesis Formulation

3.2.4 Macro-economic Factor Analysis

3.2.5 Developing Base Number

3.2.6 Data Triangulation

3.2.7 Country Level Data

4. Europe Sodium Benzoate Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers:

4.2.2 Bargaining Power of Buyers:

4.2.3 Threat of New Entrants:

4.2.4 Competitive Rivalry:

4.2.5 Threat of Substitutes:

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Europe Sodium Benzoate Market — Key Market Dynamics

5.1 Market Drivers

5.1.1 Demand for Sodium Benzoate in Food & Beverages Industry Rising

5.1.2 Sodium Benzoate Being Widely Used in Various End-Use Industries

5.2 Market Restraints

5.2.1 Growing Safety Concerns Regarding Sodium Benzoate

5.3 Market Opportunities

5.3.1 Significant Growth of Cosmetics & Personal Care Sector

5.4 Future Trends

5.4.1 Rising Trend of Consuming Packaged Food and Beverages

5.5 Impact Analysis of Drivers and Restraints

6. Sodium Benzoate Market – Europe Analysis

6.1 Europe Sodium Benzoate Market Overview

6.2 Europe Sodium Benzoate Market –Revenue and Forecast to 2028

7. Europe Sodium Benzoate Market Analysis – By Application

7.1 Overview

7.2 Europe Sodium Benzoate Market Breakdown, by Application, 2020 and 2028

7.3 Food and Beverage

7.3.1 Overview

7.3.2 Food and Beverage: Europe Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)

7.3.3 Food and Beverage: Europe Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)

7.4 Pharmaceuticals

7.4.1 Overview

7.4.2 Pharmaceuticals: Europe Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)

7.4.3 Pharmaceuticals: Europe Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)

7.5 Cosmetics

7.5.1 Overview

7.5.2 Cosmetics: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)

7.5.3 Cosmetics: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)

7.6 Agriculture

7.6.1 Overview

7.6.2 Agriculture: Europe Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)

7.6.3 Agriculture: Europe Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)

7.7 Others

7.7.1 Overview

7.7.2 Others: Europe Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)

7.7.3 Others: Europe Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)

8. Europe Sodium Benzoate Market – Country Analysis

8.1 Overview

8.1.1 Europe: Sodium Benzoate Market, by Key Country

8.1.1.1 Germany: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.1.1 Germany: Sodium Benzoate Market, by Application

8.1.1.2 France: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.3 France: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)

8.1.1.3.1 France: Sodium Benzoate Market, by Application

8.1.1.4 Italy: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.5 Italy: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)

8.1.1.5.1 Italy: Sodium Benzoate Market, by Application

8.1.1.6 United Kingdom: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.6.1 United Kingdom: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)

8.1.1.6.2 United Kingdom: Sodium Benzoate Market, by Application

8.1.1.7 Russia: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.7.1 Russia: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)

8.1.1.7.2 Russia: : Sodium Benzoate Market, by Application

8.1.1.8 Turkey: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.8.1 Turkey: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)

8.1.1.8.2 Turkey: Sodium Benzoate Market, by Application

8.1.1.9 Rest of Europe: Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.9.1 Rest of Europe: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)

8.1.1.9.2 Rest of Europe: Sodium Benzoate Market, by Application

9. Industry Landscape

9.1 Overview

9.2 Market Initiative

9.3 New Product Development

9.4 Merger and Acquisition

10. Company Profiles

10.1 Eastman Chemical Company

10.1.1 Key Facts

10.1.2 Business Description

10.1.3 Products and Services

10.1.4 Financial Overview

10.1.5 SWOT Analysis

10.1.6 Key Developments

10.2 Foodchem International Corporation

10.2.1 Key Facts

10.2.2 Business Description

10.2.3 Products and Services

10.2.4 Financial Overview

10.2.5 SWOT Analysis

10.2.6 Key Developments

10.3 A.M FOOD CHEMICAL CO., LIMITED

10.3.1 Key Facts

10.3.2 Business Description

10.3.3 Products and Services

10.3.4 Financial Overview

10.3.5 SWOT Analysis

10.3.6 Key Developments

10.4 Jarchem Innovative Ingredients LLC

10.4.1 Key Facts

10.4.2 Business Description

10.4.3 Products and Services

10.4.4 Financial Overview

10.4.5 SWOT Analysis

10.4.6 Key Developments

10.5 LANXESS

10.5.1 Key Facts

10.5.2 Business Description

10.5.3 Products and Services

10.5.4 Financial Overview

10.5.5 SWOT Analysis

10.5.6 Key Developments

10.6 MERCK KGaA

10.6.1 Key Facts

10.6.2 Business Description

10.6.3 Products and Services

10.6.4 Financial Overview

10.6.5 SWOT Analysis

10.6.6 Key Developments

10.7 Akema S.R.L.

10.7.1 Key Facts

10.7.2 Business Description

10.7.3 Products and Services

10.7.4 Financial Overview

10.7.5 SWOT Analysis

10.7.6 Key Developments

10.8 Zancheng Life Sciences Ltd.

10.8.1 Key Facts

10.8.2 Business Description

10.8.3 Products and Services

10.8.4 Financial Overview

10.8.5 SWOT Analysis

10.8.6 Key Developments

11. Appendix

11.1 About The Insight Partners

11.2 Glossary of Terms

LIST OF TABLES.

Table 1. Europe Sodium Benzoate Market –Revenue and Forecast to 2028 (US$ Thousand)

Table 2. Europe Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 3. Europe Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)

Table 4. Germany Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

Table 5. Germany Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)

Table 6. France Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 7. France Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)

Table 8. Italy Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

Table 9. Italy Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)

Table 10. United Kingdom Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 11. United Kingdom Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)

Table 12. Russia : Sodium Benzoate Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)

Table 13. Russia: Sodium Benzoate Market, by Application– Volume and Forecast to 2028 (Tons)

Table 14. Turkey: Sodium Benzoate Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)

Table 15. Turkey: Sodium Benzoate Market, by Application– Volume and Forecast to 2028 (Tons)

Table 16. Rest of Europe Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 17. Rest of Europe Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)

Table 18. Glossary of Terms, Europe Sodium Benzoate Market

The List of Companies - Europe Sodium Benzoate Market

● A.M FOOD CHEMICAL CO., LIMITED

● Akema S.r.l.

● Eastman Chemical Company

● Foodchem International Corporation

● Jarchem Innovative Ingredients LLC

● LANXESS

● MERCK KGaA

● Zancheng Life Sciences Ltd.

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe sodium benzoate market

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the Europe sodium benzoate market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the sodium benzoate market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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