Middle East & Africa Sodium Benzoate Market
No. of Pages: 98 | Report Code: BMIRE00025632 | Category: Chemicals and Materials
No. of Pages: 98 | Report Code: BMIRE00025632 | Category: Chemicals and Materials
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.
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.
Strategic insights for the Middle East & Africa Sodium Benzoate provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 4,472.03 thousand |
| Market Size by 2028 | US$ 5,429.56 thousand |
| Global CAGR (2021 - 2028) | 2.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Sodium Benzoate refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East & Africa Sodium Benzoate Market is valued at US$ 4,472.03 thousand in 2021, it is projected to reach US$ 5,429.56 thousand by 2028.
As per our report Middle East & Africa Sodium Benzoate Market, the market size is valued at US$ 4,472.03 thousand in 2021, projecting it to reach US$ 5,429.56 thousand by 2028. This translates to a CAGR of approximately 2.8% during the forecast period.
The Middle East & Africa Sodium Benzoate Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Sodium Benzoate Market report:
The Middle East & Africa Sodium Benzoate Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Sodium Benzoate Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Sodium Benzoate Market value chain can benefit from the information contained in a comprehensive market report.
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