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Benzoates Market Share

Report ID: GMI6475
Published Date: Aug 2023
Report Format: PDF

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Benzoates Market Share

Some of the major players operating in the benzoates market are:

Emerald Kalama Chemical LLC
Eastman Chemical Company
TCI Chemicals (Tokyo Chemical Industry)
Wuhan Youji Industries Co., Ltd.
Prinova Group LLC
LANXESS AG
SEW-Eurodrive
FBC Industries, Inc.
Muby Chemicals
Spectrum Chemical Mfg. Corp
Merck KGaA
Finar Limited
NOAH Technologies Corporation

The Dow Chemical Company, Sigma-Aldrich Corporation among others. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for benzoates was USD 225 million in 2022 and is estimated to record USD 375.1 million by the end of 2032 due to widespread usage of preservatives in the food and beverage sector.

Demand for sodium benzoate reached USD 60.7 million in 2022 driven by growing adoption of pH regulators and acidulants in certain food and beverage formulations.

Benzoates industry size from the food & beverages application segment is anticipated to witness 4.9% CAGR from 2023-2032 owing to rising adoption in food centres.

U.S. market for benzoates was worth USD 52.1 million in revenue in 2022 and will expand at significant pace from 2023-2032 owing to the presence of stringent regulations and safety standards set by several authorities, such as the U.S. FDA.