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The global sodium benzoate market continues to grow as a result of its extensive use as a preservative in the food and beverage industry, pharmaceuticals, and cosmetics. The subject area includes the various applications based on product segment, such as food and beverage, pharmaceutical, and cosmetic preservatives. Sodium benzoate, however, finds applications in chemicals, agriculture products, and others.
Recent demands for preservatives have been able to increase sodium benzoate usage at an annual average rate of approximately 4%, according to U.S. Department of Agriculture records. Its application in cosmetics also increased its use since 30% of products use sodium benzoate, as per the U.S. FDA. This scenario explains its growing relevance beyond food preservation.
Sodium Benzoate Market Growth Driven By Food, Cosmetics, Industry
Sodium benzoate has vast applications in food preservation that are expected to drive the sodium benzoate market as reports from the Food and Agriculture Organization suggest that 80% of the total consumption of sodium benzoate in the world comes from the food and beverage industry. In cosmetics, sodium benzoate continues to find a wide range of applications, with the Personal Care Products Council reporting a compound annual growth rate in demand of 6%. In addition, sodium benzoate is unique when it comes to synthetic resin usage among other industrial applications and has a dominant share of this market with 8%, according to the European Chemicals Agency.
Regulatory Scrutiny and Natural Alternatives Impact Sodium Benzoate Market Growth
The sodium benzoate market is facing tough competition with the raging impinging preference of consumers toward natural preservatives rather than synthetic ones. Such a trend is very likely to influence the demand for sodium benzoate in the food industry. It is also being marked by arbitrary restrictions due to regulatory scrutiny, signified by the recent report of the European Food Safety Authority, leading to a 5% decline in the use of sodium benzoate in food over the last five years as a result of tighter regulations.
Emerging Regions Drive Sodium Benzoate Market Growth in Pharmaceuticals
It is anticipated that this rate of growth in the sodium benzoate market shall continue in the near future for emerging regional applications. Food and Agriculture Organization states that 10% of the world's sodium benzoate consumption is accounted for by agricultural products, which goes to show the growing applications. Additionally, the other new opportunity opens in the pharmaceutical sector, where sodium benzoate in pharmaceutical applications has increased by 7% in the last five years, according to the National Institutes of Health.
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The report covers the following key insights:
By form, the market is divided into powder, granular, and others.
Sodium benzoate powder is way ahead of the markets owing to its good solubility and versatility in food preservation as a shelf-life-increasor by 50% as allowed by U.S. FDA, besides rising pharmaceutical and cosmetic applications.
The granules segment is set for promising growth owing to their use in industrial applications, especially synthetic resins, with an 8% share of the market, as reported by the European Chemicals Agency. A slow dissolution rate renders it more viable for use in bulk manufacturing processes.
By application, the market is divided into food & beverages, pharmaceuticals, cosmetics, personal care, and others.
According to the U.S. Department of Agriculture, the major use for sodium benzoate is for food and beverage applications in that it serves about 40% of all packaged food in North America. The other sector very much affected, especially in dairy products, is based on FDA reports, indicating that 30% of sodium benzoate is used for food applications.
The pharmaceutical segment is expected to develop rapidly, with increasing applications in health supplements, in which sodium benzoate is utilized in 15% of formulations, according to the FDA; the demand for effective preservatives in liquid medicines would further support this growth within the sector.
Based on geography, the market has been studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
As stated by the European Commission, the European continent has a notable market share as about 85% of sodium benzoate is used under food safety standards classification in the EU regulation. The very powerful underlying strict regulations about its use in food, beverages, and pharmaceuticals keep this market strong throughout Europe.
The United Nations Economic and Social Commission for Asia and the Pacific estimates that the Asia Pacific region will be the fastest-growing market, with a very predictable 40% share in sodium benzoate consumption around the world. Some points that may drive the growth of this market include rapid urbanization, increasing demand for processed foods, and lax regulations.
According to the U.S. Food and Drug Administration, sodium benzoate is a food preservative found in approximately 25% of frozen foods in North America. High demand for long shelf life products and the increased use of preservatives in ready-to-eat meals keep the market on the rise.
The report includes the profiles of the following key players:
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