Reports and Data estimates the global Benzoate of soda competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2027 as the forecast period. The report offers CAGR and market size for the global Benzoate of soda during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Foodchem International Corporation, Wuhan Youji Industries Co., Ltd., DuPont de Nemours, Inc., Huangshi Xinghua Biochemical Co., Ltd., Akzo Nobel N.V., Eastman Chemical Company, Emerald Performance Materials, AM Food Chemical Co. Ltd., American Tartaric Products, and FBC Industries Inc., among others.

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Benzoate of soda Overview :-

Benzoate of soda is approved by the European Union (EU) and European Free Trade Association (EFTA) as a safe food additive with a distinctive E-Number of E211. Benzoate of soda also meets all the standards for the food grade and pharmaceutical applications with predefined limitations by the Food Chemicals Codex, the United States Pharmacopeia, Japanese Pharmacopeia, and British Pharmacopeia, among others.

The global market is growing at a substantial pace due to the growing demand for benzoate of sodas in food preserving applications and ornithine cycle disorder treatment. An escalation in the number of urea cycle disorders (UCD) and hyperammonemia has actively uplifted the demand for benzoate of soda. Continuous expansion of the food & beverage industries has directly influenced the growth of benzoate of soda as this chemical is utilized in the food-grade applications for preservation, flavor adjustment & enhancement, and buffering, among others. Using this chemical, the shelf-life of the food items can substantially be augmented. Elevated rise in the expenditure of personal medication is projected to take part in the market growth significantly.

Asia Pacific held the highest market share in 2018 in the market. APAC, due to its considerable demand for benzoate of soda in food & beverage applications coupled with extensive growth in the healthcare industries, is growing with the fastest CAGR of 5.8% throughout the forecast period. China and India are some of the most valuable contributors in the Asia Pacific region.

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For the purpose of this report Reports and Data has segmented global Benzoate of soda market on the basis of type, application, and region:

Distribution Channel Outlook (Revenue, USD Million; 2016-2027)

  • Online Retailing
  • Offline Retailing

Application Outlook (Revenue, USD Million; 2016-2027)

  • Food Preservative & Acidulant
  • Antifoulants
  • Buffering Agent
  • Other Applications

End-Use Verticals Outlook (Revenue, USD Million; 2016-2027)

  • Food & Beverage Industry
  • Medical & Pharmaceutical
  • Personal Care Products
  • Others

Key Regional Markets Covered in the Report:

·       North America (U.S.A., Canada, Mexico)

·       Europe (Italy, U.K., Germany, France, Rest of Europe)

·       Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

·       Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

 

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 Key Questions answered by the Report:

·       What is the expected year-on-year growth of the Benzoate of soda during the forecast period?

·       What key trends are expected influence revenue growth of the market going ahead?

·       Which region is expected to account for largest revenue share over the forecast period?

·       Which key companies are profiled in the report?

 

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