Medical Newswire

Medical Newswire!

Medicine, Healthcare, Medical Research, Hospitals, Management
Press release distribution service
Home | Medical-Newswire.Com:

Market Dynamics of Benzoates: Researching Growth and Applications

 



(Medical-NewsWire.com, August 11, 2023 ) The benzoates industry produces salts/esters of benzoic acid. Demand lies in food preservation, pharmaceutical stability, and cosmetics. Applications span food, meds, cosmetics, and industrial sectors due to their antimicrobial properties. The report "Benzoates Market by Type (Potassium Benzoate, Sodium Benzoate, Ammonium Benzoate), End-Use (Food & Beverage, Pharmaceutical, Personal Care), and Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2027", is projected to grow from USD 429 million in 2022 to USD 540 million by 2027, at a CAGR of 4.7% during the forecast period. High demand for food & drinks, and pharmaceutical products in countries such as India and China along with the growth in personal care & home care, and animal feed industry is expected to drive the benzoates market.

Browse in-depth TOC on "Benzoates Market”

122 - Market Data Tables

35 - Figures

135 - Pages

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108159649

Sodium benzoate, by type, is expected to account for the largest market share during the forecast period

Based on type, the benzoates are classified into potassium benzoate, sodium benzoate, ammonium benzoate, and others. Sodium benzoate is majorly used in food products to increase their shelf life and preserve them. There is significant growth related to the food & beverage industry in some of the key countries, such as China, Japan, Germany, which is driving the market for benzoates.

Food & beverage segment, by end-use, is expected to account for the largest market share during the forecast period

Based on end-use, the benzoate market is segmented into food & beverage, pharmaceutical, personal care, and others. Growing population of countries such as India and China with a significant growth in urban population has given a boost in the demand for packaged food & drinks. Benzoates are used as preservatives in this industry. Thus, usage of benzoates in the production of food & beverage is expected to drive the market.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=108159649

North America region is expected to account for the second-largest market share during the forecast period

North America is expected to be the second-largest market during the forecast period by value. This demand can be attributed to the increasing use of cosmetic & personal care products in the region. US is one of the largest markets for benzoates and is expected to contribute a major portion to the overall regional demand for benzoates during the forecast period.

Some of the leading players in this market include LANXESS (Germany), Wuhan Youji Industries Co., Ltd. (China), Tengzhou Tenglong Chemical Co., Ltd. (China), Eastman Chemical Company (US), Merck KGaA (Germany), Tokyo Chemical Industry Co., Ltd. (Japan), Tianjin Dongda Chemical Group Co., Ltd (China), Ganesh Benzoplast Limited (India), American Elements (US), among others.

Don't miss out on business opportunities in Benzoates Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=108159649

LANXESS is one of the major players in the global benzoates market. It is involved in manufacturing of chemical intermediates, additives, specialty chemicals and consumer protection products. The company serves approximately 30 countries across the Americas, Asia Pacific, and EMEA. It has manufacturing facilities in several countries of the Americas, Asia, and EMEA, including India, China, South Korea, Argentina, Brazil, Canada, Belgium, France, and Germany. This further allows the company to meet the consumer demand rapidly. The company has a considerable focus on its consumer protection segment as it generates around 20% of revenue for the company. This indicates a good platform for the growth of its benzoates business.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com


Medical Resources
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Healthcare resource center today to browse our selection of 600+ complimentary Healthcare magazines, white papers, webinars, podcasts, and more. Get popular titles including:

Eyecare Business
Medical Laboratory Observer
FierceHealthcare

No credit cards, coupons, or promo codes required. Try it today!

Medical Sponsors

Health News


Pharmanewswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com. CityRegions.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2012 GroupWeb Media LLC. All Rights Reserved.


GroupWeb Media Network
AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
| InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
Medical-Newswire.com - Medicl Newswire and Press Release service of GroupWeb Media LLC