According to a new market report published by Credence Research Inc., “Sodium Benzoate Market by Application Type (Food & Beverages, Pharmaceutical, Cosmetics and Others)” – Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023”, the worldwide sodium benzoate market was valued at US$ 122.94 Mn in 2015. In the same year, in terms of volume the market was 72.75 kilo tons.
Browse the full report at http://www.credenceresearch.com/report/sodium-benzoate-market
Sodium benzoate is extensively used as a preservative in various industries to improve product safety, maintain product quality and to extend product shelf-life. It is not recommended as a preservative at pH level more than 4.5. As a preservative, the effectiveness of sodium benzoate increases with the declining pH level. The global market for sodium benzoate is growing steadily owing to rise in demand for convenience foods and food products with longer shelf life. Moreover, rising use of synthetic preservatives on poultry and meat in Asia Pacific and Middle East and Africa regions is another factor contributing towards the market growth.
However, rise in concerns about the use of synthetic preservative especially in Europe and North America regions the market is declining and being replaced with natural preservatives. Improving standard of living, continuous urbanization, and rise in food safety concerns and convenience foods particularly in Asia Pacific and Middle East regions provides huge market opportunities for the sodium benzoate players.
The market is moderately competitive owing to presence of various large, small and medium scale firms. Players are adopting various strategies to maintain their market position. Merger and acquisition is the key strategy adopted by the market players.
Browse For The Sample Page@ http://www.credenceresearch.com/sample-request/57936
- Asia Pacific and Middle East regions offers huge untapped market potential
- Rising demand for convenience and ready to eat food and beverages
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Sodium Benzoate Market
Chapter 3 Market Dynamics
3.2 Value Chain Analysis
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Market Opportunities
3.6 Attractive Investment Proposition, By Application Type
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Players…
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Name: Chris Smith
Designation: Global Sales Manager