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.
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.
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
LIST OF FIGURES
Figure 1. North America Sodium Benzoate Market Segmentation
Figure 2. North America Sodium Benzoate Market Segmentation – By Country
Figure 3. North America Sodium Benzoate Market Overview
Figure 4. North America Sodium Benzoate Market, By Application
Figure 5. North America Sodium Benzoate Market, By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem Chain: Sodium Benzoate Market
Figure 8. Expert Opinion
Figure 9. North America Sodium Benzoate Market Impact Analysis of Drivers and Restraints
Figure 10. North America North America: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 11. North America Sodium Benzoate Market Breakdown, by Application, 2020 and 2028
Figure 12. North America Food and Beverage: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. North America Food and Beverage: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 14. North America Pharmaceuticals: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. North America Pharmaceuticals: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 16. North America Cosmetics: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 17. North America Cosmetics: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 18. North America Agriculture: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 19. North America Agriculture: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 20. North America Others: Sodium Benzoate Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. North America Others: Sodium Benzoate Market –Volume and Forecast to 2028 (Tons)
Figure 22. North America: Sodium Benzoate Market, by Key Country – Revenue (2020) (US$ Thousand)
Figure 23. North America: Sodium Benzoate Market Revenue Share, by Key Country (2020 and 2028)
Figure 24. US: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 25. US: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 26. Canada: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 27. Canada: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
Figure 28. Mexico: Sodium Benzoate Market–Revenue and Forecast to 2028 (US$ Thousand)
Figure 29. Mexico: Sodium Benzoate Market–Volume and Forecast to 2028 (Tons)
- 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.
- 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