Sodium Benzoate Market Share with Regional Portfolio, Gross Margin, Key Driven| Forecast
Market Forecast The global sodium benzoate market size was valued at USD 186.3 million in 2020 and is expected to register a CAGR of 4.3% between 2021 and 2028. Sodium benzoate is a preservative used widely across industries. It acts as a food preservative and occurs naturally in fruits such as cranberries, prunes, plums, and apples. Sodium benzoate is the sodium salt obtained when benzoic acid reacts with sodium hydroxide. Apart from the food and beverage industry, sodium benzoate has its applications across pharmaceutical as well as personal care industry. The increasing demand for convenience food across the world has propelled the growth of the sodium benzoate market share. The advent of various fast-food companies across the globe has further proliferated the market growth in the last couple of years. The outbreak of Covid-19 has created lucrative opportunities for manufacturers of sodium benzoate market share across the globe. Lockdown restric...