Sodium Benzoate Market Statics Will Help The Establishments And New Entrants To Identify The Needs Into Maximum Returns
According to the market research report “Sodium Benzoate Market: Application (Pharmaceuticals, Food and Beverages, Personal Care, Plasticizers, Animal Feed And Others); Geography (Europe, North America, Asia-Pacific)- Forecast(2017-2025)”, published by IndustryARC, estimates the usage will turn into extend product.
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Sodium benzoate is the sodium salt of benzoic acid. Naturally, sodium benzoat is set up in several fruits such as berries, plums, apples, clove, and cinnamons.
It is a water-soluble compound and mainly used as a preservative in various applications such as food, beverage, pharmaceuticals, and personal care.
Benzoate is predominantly used in food and beverage applications such as soft drinks, carbonated drinks, beer, fruit juice, flavoring syrups, jams, jellies, margarine, salad cream and dressings, pickles, pineapple juice, fruit yogurt, table olives, and meat products. The application of benzoic citric acid can be traced in medical, dye intermediates, and animal feed.
Benzoic acid in food is used as a component for the treatment of fungal skin diseases, such as ringworm, athlete’s foot,.
Scope & Regional Forecast of the Sodium Benzoate Market
Benzoic acid is a common constituent in toothpaste, mouthwashes, deodorants,., where it acts as an anti-microbial agent. Due to such of the major requirement in the industry the market is creating its strong pillar terms of adoption.
Extensive use of potassium benzoate and sorbate salts for large-scale food and drink preservation was regarded as completely safe. Claims to this effect are often still issued by the organizations that represent the soft drink industry.
Such statements reflect the long history of apparently safe use of these sodium benzoate food preservative and a safety testing that has largely focused on the maximum levels of these compounds.
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Food and beverages applications is one of the governing sector acid consumption in the form of derivatives, such as sodium cyclamate and potassium benzoate, and accounted for more than 45% for the total value as per 2017. The application of food and beverages is expected to grow in the coming year of 2018 and the statistics says the market size will register more than the average.
Geologically, the Sodium Benzoate Market is segmented in the areas of North America, Europe, Asia-Pacific and the other regions. Growing population, higher income, and changing psychographics among Asian countries will drive the benzoic acid market.
The consumption remains relatively higher in the Asia-Pacific region, which is expected to boost the market advancements. Moreover, growing demand has been supporting the market growth.
Segmentations & Key Players Involved in the Sodium Benzoate Market
The Sodium Benzoate Market can be broken down into various segmentations on the basis of -
- Application: Pharmaceuticals, Food and Beverages, Personal Care, Plasticizers, Animal Feed And Others
- Geography: Europe, North America, Asia-Pacific And Rest Of The World
Some of the key players involved in the Sodium Benzoate Market are as follows:
- Eastman Chemical
- FBC Industries
- Tengzhou Tenglong Chemical
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* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
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