South 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 SAM is expected to grow from US$ 2,377.91 thousand in 2021 to US$ 2,817.76 thousand by 2028; it is estimated to register a CAGR of 2.5% from 2021 to 2028.

The sodium benzoate market in SAM is expected to grow from US$ 2,377.91 thousand in 2021 to US$ 2,817.76 thousand by 2028; it is estimated to register a CAGR of 2.5% from 2021 to 2028. The changing economic conditions in SAM due to the growth of the food & beverage industry provide significant growth prospects for the sodium benzoate market. The growth of the agriculture industry is also driving the market growth. SAM is widely known for its food & beverages, agricultural, and industrial growth. Sodium benzoate is used as a preservative in the food & beverage and agriculture industries. The sodium benzoate market is projected to witness high growth due to its use in end-use industries such as food & beverages, pharmaceuticals, agriculture, and personal care & cosmetics.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM sodium benzoate market at a notable CAGR during the forecast period.

SAM Sodium Benzoate Market Revenue and Forecast to 2028 (US$ Thousand)

SAM Sodium Benzoate Market Segmentation     

The SAM sodium benzoate market is segmented into application and country. Based on application, the SAM 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 SAM sodium benzoate market is segmented into Brazil, Argentina, and the Rest of SAM. Further, Brazil 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 South America.

1. A.M FOOD CHEMICAL CO., LIMITED
2. Akema S.r.l.
3. Eastman Chemical Company
4. Jarchem Innovative Ingredients LLC
5. LANXESS
6. MERCK KGaA   
7. Zancheng Life Sciences Ltd. 

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM 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 SAM 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 SAM 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