Global Benzoates Market
Benzoates are food preservatives that are used to stop the growth of bacteria, fungi, and other microorganisms. They are added to foods in the form of sodium benzoate, potassium benzoate, or benzoic acid. They are generally regarded as safe for consumption, although some people may be sensitive to them.
Benzoates are typically derived from a combination of sodium hydroxide, carbon dioxide, and benzaldehyde. Other common raw materials used to manufacture benzoates include hydrochloric acid, sodium chloride, and sodium bicarbonate.
The global benzoates market is expected to experience significant growth during the forecast period of 2023-2033. Market analysts attribute this growth to the increasing demand for preservatives in food and beverage products, as well as the rising consumer inclination towards organic food and beverages.
The supply chain for benzoates typically begins with the extraction of benzaldehyde from petroleum sources. The benzaldehyde is then reacted with sodium hydroxide and carbon dioxide to produce sodium benzoate. This sodium benzoate is then used to produce other benzoates, such as potassium benzoate.
The value chain for benzoates includes the extraction of benzaldehyde from petroleum sources, the production of sodium benzoate, and the production of other benzoate preservatives. The value chain also includes the packaging and distribution of benzoate preservatives, as well as the marketing and sale of benzoate preservatives.
The price of benzoate preservatives is highly dependent on the price of the raw materials used to produce them. When the cost of benzaldehyde, sodium hydroxide, and carbon dioxide increase, the cost of producing benzoate preservatives also increases, resulting in an increase in the price of benzoate preservatives.
Benzoates are typically transported via air, sea, or land. Common logistics used for the transportation of benzoates include trucking, container ships, and air freight.
The growth of the global benzoates market is further propelled by the increasing demand from the personal care and pharmaceutical industries. The key trends in the benzoates market include the increasing demand for natural and organic preservatives, the growing popularity of benzoates-free products, the rising awareness about food safety, the increasing number of health-conscious consumers, and the increasing use of benzoates as preservatives.
The key players in the benzoates market are Cargill Inc., Tate & Lyle Plc, Archer Daniels Midland Company, Roquette Freres, and Jungbunzlauer Suisse AG. These companies are focusing on strategies such as mergers and acquisitions to expand their presence in the benzoates market. For instance, in August 2020, Cargill Inc. acquired EWOS Group, a Norwegian-based aquaculture feed company. The acquisition will enable Cargill to expand its presence in the benzoates market. In August 2019, Tate & Lyle PLC acquired a controlling stake in Eco-Cap Technologies Inc., a Winnipeg-based food and beverage ingredient supplier.
The acquisition will enable Tate & Lyle to expand its product portfolio and strengthen its presence in the benzoates market. In May 2019, Archer Daniels Midland Company acquired a controlling stake in Neovia, a French-based animal nutrition company. The acquisition will enable the company to expand its presence in the benzoates market.
TABLE OF CONTENT
Global Benzoates Market Report
1 Market Introduction of Global Benzoates Market Report
2 Market Segmentation of Benzoates Market Report
2.1 Benzoates Market Segmentation By Region
2.2 Benzoates Market Segmentation By Type
2.3 Benzoates Market Segmentation By Crop Type
3 Cost Structure of Benzoates Market Report
4 Country Analysis of Benzoates Market Report
4.1 China
4.1.1 Benzoates Market Forecast & Size in China
4.1.2 Benzoates Market Trends & Analysis in China
4.1.3 Key Benzoates companies in China
4.1.4 Regulatory Framework of Benzoates Market in China
4.2 Germany
4.2.1 Benzoates Market Size in Germany
4.2.2 Benzoates Market Trends & Analysis in Germany
4.2.3 Key Benzoates companies in Germany
4.2.4 Regulatory Framework of Benzoates Market in Germany
4.3 France
4.3.1 Benzoates Market Size in France
4.3.2 Benzoates Market Trends & Analysis in France
4.3.3 Key Benzoates companies in France
4.3.4 Regulatory Framework of Benzoates Market in France
4.4 Italy
4.4.1 Benzoates Market Size in Italy
4.4.2 Benzoates Market Trends & Analysis in Italy
4.4.3 Key Benzoates companies in Italy
4.4.4 Regulatory Framework of Benzoates Market in Italy
4.5 Netherland
4.5.1 Benzoates Market Size in Netherland
4.5.2 Benzoates Market Trends & Analysis in Netherland
4.5.3 Key Benzoates companies in Netherland
4.5.4 Regulatory Framework of Benzoates Market in Netherland
4.6 Russia
4.6.1 Benzoates Market Size in Russia
4.6.2 Benzoates Market Trends & Analysis in Russia
4.6.3 Key Benzoates companies in Russia
4.6.4 Regulatory Framework of Benzoates Market in Russia
4.7 Canada
4.7.1 Benzoates Market Size in Canada
4.7.2 Benzoates Market Trends & Analysis in Canada
4.7.3 Key Benzoates companies in Canada
4.7.4 Regulatory Framework of Benzoates Market in Canada
4.8 Mexico
4.8.1 Benzoates Market Size in Mexico
4.8.2 Benzoates Market Trends & Analysis in Mexico
4.8.3 Key Benzoates companies in Mexico
4.8.4 Regulatory Framework of Benzoates Market in Mexico
4.9 Singapore
4.9.1 Benzoates Market Size in Singapore
4.9.2 Benzoates Market Trends & Analysis in Singapore
4.9.3 Key Benzoates companies in Singapore
4.9.4 Regulatory Framework of Benzoates Market in Singapore
4.10 United Kingdom
4.10.1 Benzoates Market Size in United Kingdom
4.10.2 Benzoates Market Trends & Analysis in United Kingdom
4.10.3 Key Benzoates companies in United Kingdom
4.10.4 Regulatory Framework of Benzoates Market in United Kingdom
4.11 Switzerland
4.11.1 Market Size in Switzerland
4.11.2 Market Trends & Analysis in Switzerland
4.11.3 Key Benzoates companies in Switzerland
4.11.4 Regulatory Framework of Benzoates Market in Switzerland
4.12 Brazil
4.12.1 Market Size in Brazil
4.12.2 Market Trends & Analysis in Brazil
4.12.3 Key Benzoates companies in Brazil
4.12.4 Regulatory Framework of Benzoates Market in Brazil
4.13 USA
4.13.1 Market Size in US
4.13.2 Market Trends & Analysis in US
4.13.3 Key Benzoates companies in US
4.13.4 Regulatory Framework of Benzoates Market in US
4.14 Japan
4.14.1 Market Size in Japan
4.14.2 Market Trends & Analysis in Japan
4.14.3 Key Benzoates companies in Japan
4.14.4 Regulatory Framework of Benzoates Market in Japan
4.15 South Korea
4.15.1 Market Size in South Korea
4.15.2 Market Trends & Analysis in South Korea
4.15.3 Key Benzoates companies in South Korea
4.15.4 Regulatory Framework of Benzoates Market in South Korea
4.16 India
4.16.1 Market Size in India
4.16.2 Market Trends & Analysis in India
4.16.3 Key Benzoates companies in India
4.16.4 Regulatory Framework of Benzoates Market in India
4.17 Thailand
4.17.1 Market Size in Thailand
4.17.2 Market Trends & Analysis in Thailand
4.17.3 Key Benzoates companies in Thailand
4.17.4 Regulatory Framework of Benzoates Market in Thailand
4.18 Russia
4.18.1 Market Size in Russia
4.18.2 Market Trends & Analysis in Russia
4.18.3 Key Benzoates companies in Russia
4.18.4 Regulatory Framework of Benzoates Market in Russia
4.19 Malaysia
4.19.1 Market Size in Malaysia
4.19.2 Market Trends & Analysis in Malaysia
4.19.3 Key Benzoates companies in Malaysia
4.19.4 Regulatory Framework of Benzoates Market in Malaysia
4.20 Saudi Arabia
4.20.1 Market Size in Saudi Arabia
4.20.2 Market Trends & Analysis in Saudi Arabia
4.20.3 Key Benzoates companies in Saudi Arabia
4.20.4 Regulatory Framework of Benzoates Market in Saudi Arabia
5 Global Benzoates Market Trends
5.1 Benzoates Market Trends- Key Drivers
5.2 Benzoates Market Trends- Key Restraints
5.3 Benzoates Market Trends- Key Challenges
5.4 Porter’s Five Forces Analysis of Benzoates Market
5.5 PEST Analysis- Benzoates Market
6 Global Benzoates Market Forecast
6.1 Benzoates Market Forecast By Region
6.1.1 North America
6.1.2 Europe
6.1.3 APAC
6.1.4 Middle East
6.1.5 ROW
6.2 Benzoates Market Forecast By Type
6.2.1 Fertilizer
6.2.2 Pesticide
6.3 Benzoates Market Forecast By Crop Type
6.3.1 Fruits & Vegetables
6.3.2 Oilseed and Pulses
6.3.3 Cereals & Grains
6.3.4 Other
7 Supply Chain of the Benzoates Market Analysis
8 Opportunity Analysis
9 Scenario Analysis
10 Key Company Profiles
11 Strategic Conclusions – Benzoates Market Report
12 Abbreviations used in Benzoates Market Report
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