Europe Sodium Benzoate Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis – by Application (Food and Beverages, Pharmaceuticals, Cosmetics, Agriculture, and Others)


No. of Pages: 111    |    Report Code: TIPRE00028933    |    Category: Chemicals and Materials

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Europe Sodium Benzoate Market

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 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

    1. A.M FOOD CHEMICAL CO., LIMITED
    2. Akema S.r.l.
    3. Eastman Chemical Company
    4. Foodchem International Corporation
    5. Jarchem Innovative Ingredients LLC
    6. LANXESS
    7. MERCK KGaA
    8. Zancheng Life Sciences Ltd. 
Frequently Asked Questions
How big is the Europe Sodium Benzoate Market?

The Europe Sodium Benzoate Market is valued at US$ 29,571.41 thousand in 2021, it is projected to reach US$ 39,681.94 thousand by 2028.

What is the CAGR for Europe Sodium Benzoate Market by (2021 - 2028)?

As per our report Europe Sodium Benzoate Market, the market size is valued at US$ 29,571.41 thousand in 2021, projecting it to reach US$ 39,681.94 thousand by 2028. This translates to a CAGR of approximately 4.3% during the forecast period.

What segments are covered in this report?

The Europe Sodium Benzoate Market report typically cover these key segments-

  • Application (Food and Beverages, Pharmaceuticals, Cosmetics, Agriculture)
  • What is the historic period, base year, and forecast period taken for Europe Sodium Benzoate Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Sodium Benzoate Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Europe Sodium Benzoate Market?

    The Europe Sodium Benzoate Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 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.
  • Who should buy this report?

    The Europe Sodium Benzoate Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Sodium Benzoate Market value chain can benefit from the information contained in a comprehensive market report.