Benzoates Market Analysis and Forecast to 2031: By Product (Potassium Benzoate, Sodium Benzoate, Others), Application (Food, Drink, Others), and Region

Benzoates are a class of chemicals that are used as food preservatives. They are effective at preventing the growth of bacteria and other microorganisms and are therefore used to extend the shelf life of food products. Benzoates are added to food products in the form of sodium benzoate, potassium benzoate, or calcium benzoate.

Key Trends

In recent years, there has been a trend towards the use of Benzoates technology in the food industry. This is due to the fact that Benzoates is a food preservative that can extend the shelf life of food products.

In addition, Benzoates are also effective in preventing the growth of bacteria and mold. As a result, this technology is becoming increasingly popular in the food industry.

Key Drivers

The global benzoates market is driven by the growing demand for processed food and beverages. The preservative properties of benzoates help in extending the shelf life of food products, which is a key factor driving their demand.

The stringent food safety regulations set by various governments are another key factor driving the demand for benzoates. These regulations mandate the use of preservatives in food products in order to ensure their safety for human consumption.

The growing demand for natural and organic food products is a key challenge faced by the benzoates market. Consumers are becoming increasingly aware of the health risks associated with the consumption of synthetic preservatives.

Restraints & Challenges

The key restraints and challenges in the benzoates market are as follows:

1. Stringent regulations: The use of benzoates is regulated by various food safety authorities due to its potential health risks. This has resulted in the removal of benzoates from many food products.

2. Limited applications: Benzoates have a limited range of applications due to their potential health risks.

3. Health concerns: Benzoates are believed to be carcinogenic and have been linked to several other health problems. This has resulted in many consumers avoiding products containing benzoates.

Market Segments

The benzoates market is segmented by product, application, and region. By product, the market is classified into potassium benzoate, sodium benzoate, and others. Based on application, it is bifurcated into food, drink, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The global benzoates market includes players such as AkzoNobel N.V., Brown Chemical Co. Ltd., FBC Industries Inc., Foodchem International Corporation, A.M. Food Chemical Co. Limited, Jarchem Industries, Wuhan Youji Industries Co. Ltd., DuPont de Nemours Company, Eastman Chemical Company E.I., Spectrum Chemicals, and others.

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Benzoates Market Outlook
3.1. Benzoates Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Benzoates Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Benzoates Market
4.3. Economic Impact Analysis

Chapter 5. Benzoates Market by Application
5.1. Market Overview
5.2. Food
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Drink
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Others
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Benzoates Market by Product
6.1. Market Overview
6.2. Potassium Benzoate
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Sodium Benzoate
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Others
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Benzoates Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.3. North America Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.2.4. North America Benzoates Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.5.2. The U.S. Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.6.2. Canada Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.7.2. Mexico Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)

7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.3. Europe Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.3.4. Europe Benzoates Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.5.2. Germany Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.6.2. France Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.7.2. U.K. Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.8.2. Spain Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.9.2. Italy Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)

7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Benzoates Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.4. Asia-Pacific Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.5.2. China Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.6.2. India Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.7.2. Japan Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.8.2. South Korea Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)

7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.3. Rest of the World Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.5.4. Rest of the World Benzoates Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.5.2. Latin America Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.6.2. Middle East Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Benzoates Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.7.2. Africa Benzoates Market Size and Forecast by Product, 2021-2031, ($Million)

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. AkzoNobel N.V.
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Brown Chemical Co. Ltd
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. FBC Industries Inc.
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. Foodchem International Corporation
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. A.M. Food Chemical Co. Limited
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Jarchem Industries
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Wuhan Youji Industries Co Ltd.
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. DuPont de Nemours Company
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product Offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Eastman Chemical Company E.I.
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product Offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Spectrum Chemicals
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product Offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis

*The list of companies is subject to change during the final compilation of the report

 

 

Market Segmentation

By Product

  • Potassium Benzoate
  • Sodium Benzoate
  • Others

By Application

  • Food
  • Drink
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

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