North America Sodium Benzoate Market Forecast to 2028

Report Code : BMIRE00025633 | Region : North America | Industry : Chemicals and Materials | Published Date : 10/Aug/2022
North America 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 North America is expected to grow from US$ 17,397.64 thousand in 2021 to US$ 22,793.05 thousand by 2028; it is estimated to register a CAGR of 3.9% from 2021 to 2028.

Sodium benzoate is the sodium salt of benzoic acid. It is widely used as a food preservative and a pickling agent in the food & beverages industry. The rising demand for sodium benzoate in this industry is the major factor driving the growth of the North America sodium benzoate market. It is generally recognized as safe by the Food and Drug Administration (FDA) and allows up to a 0.1% concentration by weight when used in food products. Sodium benzoate is used in acidic foods such as salad dressings, carbonated drinks, pickles, jams and fruit juices, condiments, and frozen yogurt toppings to prevent spoilage caused by harmful microorganisms such as harmful bacteria, yeasts, and molds. It also helps maintain freshness in food by slowing down or preventing color, flavor, PH, and texture changes. Moreover, it acts as a bacteriostatic and fungistatic preservative in soft drinks and other beverages, which increases the acidic flavor and extend the product's shelf life. Sodium benzoate is commonly used as a preservative in many products to protect the food taste. For instance, the Coca-Cola Company uses it as an antimicrobial agent in Coca-Cola drinks.

The North America food & beverages industry is growing at a rapid pace. People consume packaged food products due to their hectic lifestyles, busy work schedules, and high disposable incomes. People prefer consuming on-the-go food and beverages to minimize the time required for preparing food at home. Moreover, packaged food products are growing in popularity among young consumers, and they are convenient to consume and have significant nutritional value. These factors are driving the demand for sodium benzoate across the food & beverages industry.

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

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

North America Sodium Benzoate Market Segmentation

The North America sodium benzoate market is bifurcated into application and country. Based on application, the North America 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 North America sodium benzoate market is segmented into the US, Canada, and Mexico. Further, the US held the largest market share in 2021.

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

The List of Companies - North America Sodium Benzoate Market

● A.M FOOD CHEMICAL CO., LIMITED

● Akema S.r.l.

● Eastman Chemical Company

● FBC Industries

● Foodchem International Corporation

● Jarchem Innovative Ingredients LLC

● LANXESS

● MERCK KGaA

● Reagents

● 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. North America 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. North America Sodium Benzoate Market — Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Demand for Sodium Benzoate in Food & Beverages Industry

5.1.2 Significant Requirement for Sodium Benzoate in Various End-Use Industries

5.2 Market Restraints

5.2.1 Growing Safety Concerns Related to Sodium Benzoate

5.3 Market Opportunities

5.3.1 Cosmetics & Personal Care Sector Witnessing Growth

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 – North America Analysis

6.1 North America Sodium Benzoate Market Overview

6.2 North America Sodium Benzoate Market –Revenue and Forecast to 2028

7. North America Sodium Benzoate Market Analysis – By Application

7.1 Overview

7.2 North America Sodium Benzoate Market Breakdown, by Application, 2020 and 2028

7.3 Food and Beverage

7.3.1 Overview

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

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

7.4 Pharmaceuticals

7.4.1 Overview

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

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

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

7.7 Others

7.7.1 Overview

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

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

8. North America Sodium Benzoate Market – Country Analysis

8.1 Overview

8.1.1 North America: Sodium Benzoate Market, by Key Country

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

8.1.1.1.1 US: Sodium Benzoate Market, by Application

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

8.1.1.2.1 Canada: Sodium Benzoate Market, by Application

8.1.1.3 Mexico: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.3.1 Mexico: 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 FBC Industries

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

10.9 Zancheng Life Sciences Ltd.

10.9.1 Key Facts

10.9.2 Business Description

10.9.3 Products and Services

10.9.4 Financial Overview

10.9.5 SWOT Analysis

10.9.6 Key Developments

10.10 Reagents

10.10.1 Key Facts

10.10.2 Business Description

10.10.3 Products and Services

10.10.4 Financial Overview

10.10.5 SWOT Analysis

10.10.6 Key Developments

11. Appendix

11.1 About The Insight Partners

11.2 Glossary of Terms

LIST OF TABLES.

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

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

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

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

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

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

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

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

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

Table 10.          Glossary of Terms, North America Sodium Benzoate Market

The List of Companies - North America Sodium Benzoate Market

● A.M FOOD CHEMICAL CO., LIMITED

● Akema S.r.l.

● Eastman Chemical Company

● FBC Industries

● Foodchem International Corporation

● Jarchem Innovative Ingredients LLC

● LANXESS

● MERCK KGaA

● Reagents

● 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 North America 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 North America 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 North America 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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