Axiom Market Research & Consulting™ added a, “Sodium Benzoate Market Report, By Application and Geography – Global Market Share, Trend Analysis and Forecast up to 2024”. Sodium Benzoate is a preservative found in various food, beverages, and condiments that is generally recognized to be consumed in small dosages. The most common source of sodium benzoate is food; manufacturers use it as a preservative to prevent spoilage. Acidic products like sauerkraut, jellies and jams, hot sauce and soda are the most common sources of sodium benzoate. Less commonly, sodium benzoate is used as a medication to treat hyperammonemia, a rare disorder that causes excess ammonia to accumulate in the blood. Traces of sodium benzoate are present naturally in some foods and seasonings, including cranberries, cinnamon, prunes, and apples. Thus, the growing demand from food and beverages industry is driving the market for sodium benzoate. The global sodium benzoate market was valued at USD 130.91 million in 2017 and is expected to expand at a CAGR of 4.5% from 2019 to 2024. Sodium benzoate is also used as a preservative in cosmetics and medicines. It has application in fireworks as a fuel which is in powdered form that gives out a whistling sound. Therefore, the whistle mix cracker and rockets emit sound once they are fired. Their use in all these end use industries is projected to drive the market growth in near future. Certain health issues owing to benzoates reported by the FDA and World Health Organizations are projected to hamper the market growth of benzoate market. The global sodium benzoate market has been segmented based on application and geography. Based on applications, the global sodium benzoate market has been segmented into food & beverages, cosmetics, pharmaceuticals, and others. Among various applications, rising demand for processed foods is anticipated to lead the food and beverages market and this segment is further expected to remain dominant in the near future expanding at a CAGR of 4.8% from 2019 to 2024. Other application segments are also expected to showcase significant growth thereby boost the demand for sodium benzoate over the forecast period from 2019 to 2024. Scope & Analysis of the Report Based on Geography: The global market is studied for key regions such as, North America which includes U.S., Canada and Mexico, Europe which includes Germany, France, U.K., Italy, Rest of Europe, Asia Pacific which includes China, Japan, India, South Korea, Rest of Asia pacific and Rest of the world which includes Latin America and Middle East and Africa. Ask for Sample PDF of report at https://axiommrc.com/request-forsample/?report=1653 The governments of these countries such as China and India are indifferent about the usage of the harmful preservatives in food articles. The cosmetic consumer protection laws are facile. Thus, the opportunities for the preservatives makers are maximum in this market, giving rise to the market for sodium benzoate in the region
Global Sodium Benzoates Market Is Led By Leading Companies:
Foodchem International Corporation A.M. Food Chemical Co. Limited Wuhan Youji Industries Co., Ltd. DuPont de Nemours Company, and Eastman Chemical Company, E.I., among others.
Inquire for further detailed information about Sodium Benzoates https://axiommrc.com/speak-to-analyst/?report=1653 Sodium Benzoates market has been segmented on the basis of Applications:
Food & Beverages, Cosmetics, Pharmaceuticals and others
Key Questions Answered in Report: –
What are the Future Scope of global Sodium Benzoates market up to 2024 What are the challenges to market growth? Who are the key vendors in the global Sodium Benzoates market? What will the market size and the growth rate be in 2024? What are the key market trends impacting the growth of the global Sodium Benzoates market? What are the key Companies the global Sodium Benzoates market? What are the market opportunities and threats faced by the vendors in the global Sodium Benzoates market?
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