Middle East & Africa Sodium Benzoate Market Forecast to 2028

Report Code : BMIRE00025632 | Region : LAMEA | Industry : Chemicals and Materials | Published Date : 10/Aug/2022
Middle East & Africa 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 MEA is expected to grow from US$ 4,472.03 thousand in 2021 to US$ 5,429.56 thousand by 2028; it is estimated to grow at a CAGR of 2.8% from 2021 to 2028

The surging trend of consuming packaged food and beverages is the major factor driving the growth of the MEA sodium benzoate market. The growing consumption of packaged food and beverages is attributed to innovations in processing techniques for extending the shelf life of food products. Changes in food consumption patterns led to an increase in the working population, which is fueling the consumption of packaged food and beverage products. Moreover, due to the ease of purchase, easy availability and transportation, and the ready-to-eat feature, packaged food products are becoming increasingly popular, particularly among the urban population. Packaged food products have grown in popularity in recent years due to their hygienic nature. They are convenient to use and carry a reduced risk of tampering and adulteration.

Furthermore, since the onset of the COVID-19 pandemic, people have been more concerned about their health and consumption patterns. They mostly prefer packaged food and beverage products since they do not come in contact with another person or retailer. Thus, the increasing trend of packaged food and beverage consumption is expected to boost the sodium benzoate market growth during the forecast period.

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

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

MEA Sodium Benzoate Market Segmentation

The MEA sodium benzoate market is bifurcated into application and country. Based on application, the MEA 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 MEA sodium benzoate market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of MEA. Further, the Rest of MEA held the largest market share in 2021.

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

The List of Companies - Middle East and Africa Sodium Benzoate Market

● A.M FOOD CHEMICAL CO., LIMITED

● Akema S.r.l.

● Eastman Chemical Company

● 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. MEA 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. MEA Sodium Benzoate Market — Key Market Dynamics

5.1 Market Drivers

5.1.1 Significant Demand for Sodium Benzoate in Food & Beverages Industry

5.1.2 Increasing Need for Sodium Benzoate 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 Cosmetics & Personal Care Sector Witnessing Growth

5.4 Future Trends

5.4.1 Surging Trend of Consuming Packaged Food and Beverages

5.5 Impact Analysis of Drivers and Restraints

6. Sodium Benzoate Market – MEA Analysis

6.1 MEA Sodium Benzoate Market Overview

6.2 MEA Sodium Benzoate Market –Revenue and Forecast to 2028

7. MEA Sodium Benzoate Market Analysis – By Application

7.1 Overview

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

7.3 Food and Beverage

7.3.1 Overview

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

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

7.4 Pharmaceuticals

7.4.1 Overview

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

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

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

7.7 Others

7.7.1 Overview

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

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

8. MEA Sodium Benzoate Market – Country Analysis

8.1 Overview

8.1.1 MEA: Sodium Benzoate Market, by Key Country

8.1.1.1 South Africa: Sodium Benzoate Market–Analysis and Forecast to 2028 (US$ Thousand)

8.1.1.1.1 South Africa: Sodium Benzoate Market, by Application

8.1.1.2 Saudi Arabia: Sodium Benzoate Market–Analysis and Forecast to 2028 (US$ Thousand)

8.1.1.2.1 Saudi Arabia: Sodium Benzoate Market, by Application

8.1.1.3 UAE: Sodium Benzoate Market–Analysis and Forecast to 2028 (US$ Thousand)

8.1.1.3.1 UAE: Sodium Benzoate Market, by Application

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

8.1.1.4.1 Rest of MEA: 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 A.M FOOD CHEMICAL CO., LIMITED

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 Jarchem Innovative Ingredients LLC

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 LANXESS

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 MERCK KGaA

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 Akema S.R.L.

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 Zancheng Life Sciences Ltd.

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

11. Appendix

11.1 About The Insight Partners

11.2 Glossary of Terms

LIST OF TABLES.

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

Table 2.             MEA Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

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

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

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

Table 6.             Saudi Arabia: Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

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

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

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

Table 10.          Rest of MEA Sodium Benzoate Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

Table 11.          Rest of MEA Sodium Benzoate Market, by Application – Volume and Forecast to 2028 (Tons)

Table 12.          Glossary of Terms, MEA Sodium Benzoate Market

The List of Companies - Middle East and Africa Sodium Benzoate Market

● A.M FOOD CHEMICAL CO., LIMITED

● Akema S.r.l.

● Eastman Chemical Company

● 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 MEA 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 MEA 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 MEA 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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