LONDON--(EON: Enhanced Online News)--According to the latest market study released by Technavio, the global sodium benzoate market is expected to grow at a CAGR of more than 4% during the forecast period.
“The pharmaceutical applications of sodium benzoate are increasing due to continuous innovations and R&D. Thus, the considerable growth in the pharmaceutical industry is likely to drive the market for sodium benzoate”
This research report titled ‘Global Sodium Benzoate Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
According to Ajay Adikhari, a lead analyst at Technavio for specialty chemicals research, “The global sodium benzoate market is likely to witness significant growth during the forecast period mainly due to the increasing demand for preservatives in end-use industries such as pharmaceuticals, personal care, and food and beverage industries.”
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The market research analysis categorizes the global sodium benzoate market into three major application segments:
- Food and beverage
- Personal care
Global sodium benzoate market for food and beverage
Food spoilage has been a serious issue for the food and beverage industry. In food and beverage products, sodium benzoate is commonly used as a preservative and antibacterial agent. Sodium benzoate prevents the degradation of food and beverage products and inhibits the growth of microorganisms.
Sodium benzoate can be used in various food and beverage products such as fruit salads, jam, jellies, fruit juices, soft drinks, carbonated drinks, snacks, and pickles. The increasing demand for convenience and processed food and beverage products is likely to drive the demand for sodium benzoate. The changing lifestyle and rising concerns of consumers toward food safety are likely to foster the market growth.
Global sodium benzoate market for pharmaceuticals
Sodium benzoate is widely used in pharmaceutical applications, mainly as a preservative. It acts as an antibacterial and preservative in various pharmaceutical products such as ointments, syrups, tinctures, and oral liquid preparations. It helps in healing superficial fungal skin infections.
Sodium benzoate exhibits decent solubilizing effects thus, it is commonly used as a co-solvent in pharmaceutical drugs such as caffeine preparations and aesthetic compositions. The pH of the medium is an important factor for the effectiveness of sodium benzoate. It is also used for liver function as a diagnostic acid.
“The pharmaceutical applications of sodium benzoate are increasing due to continuous innovations and R&D. Thus, the considerable growth in the pharmaceutical industry is likely to drive the market for sodium benzoate,” says Ajay.
Global sodium benzoate market for personal care
Generally, most cosmetics contain water, peptides, oils, and carbohydrates, which act as a good medium for the growth of microbes. Cosmetic preservatives extend the shelf life of the product by preventing spoilage. Sodium benzoate is economical and safe to use as a preservative. The controlled and limited use of sodium benzoate does not cause any side effect. Sodium benzoate produces an odorless, colorless solution when mixed with water.
Sodium benzoate is predominantly used in personal care applications mainly as a preservative, masking ingredient, and anti-corrosive agent. Due to its preservative properties, sodium benzoate prevents the development and growth of microorganisms such as bacteria and fungi in personal care products and in formulas such as oral care, hair care, and skincare.
The top vendors highlighted by Technavio’s chemicals and materials market research analysts in this report are:
- Eastman Chemical
- FBC Industries
- Tengzhou Tenglong Chemical
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