1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
Table 1 Benzoates Market: Inclusions & Exclusions
1.3 Market Scope
Figure 1 Benzoates Market Segmentation
1.3.1 Regions Covered
1.3.2 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Research Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 2 Benzoates Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Participating Companies in Primary Research
2.1.2.3 Breakdown of Primary Interviews
2.2 Matrix Considered for Demand Side Estimation
Figure 3 Matrix Considered for Estimating Demand for Benzoates
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 5 Market Size Estimation: Top-Down Approach
2.4 Methodology for Supply-Side Sizing of Benzoates Market (1/2)
2.5 Methodology for Supply-Side Sizing of Benzoates Market (2/2)
2.5.1 Supply-Side Analysis
2.5.2 Growth Rate Assumptions/Growth Forecast
2.6 Data Triangulation
Figure 6 Benzoates Market: Data Triangulation
2.7 Key Assumptions for Calculation of Demand-Side Market Size
2.8 Limitations
2.9 Risk Analysis
3 Executive Summary
Table 2 Benzoates Market Snapshot: 2022 Vs. 2027
Figure 7 Sodium Benzoate Segment to Dominate Market Between 2022 and 2027
Figure 8 Food & Beverage Segment to Lead Overall Market Between 2022 and 2027
Figure 9 Asia-Pacific to Dominate Market During Forecast Period
4 Premium Insights
4.1 Significant Opportunities for Players in Benzoates Market
Figure 10 Benzoates Market to Witness Moderate Growth Between 2022 and 2027
4.2 Benzoates Market, by Type
Figure 11 Sodium Benzoate Segment to Account for Largest Share in 2021
4.3 Benzoates Market, by Major Countries
Figure 12 South Korea to Grow at Highest Rate During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 13 Drivers, Restraints, Opportunities, and Challenges in Benzoates Market
5.2.1 Drivers
5.2.1.1 Growth in Demand for Personal Care and Home Care Products
5.2.1.2 High Demand from Non-Alcoholic, Sugar-Free Products
5.2.2 Restraints
5.2.2.1 Regulations to Limit Use of Benzoates in Packaged Food Items & Beverages
5.2.3 Opportunities
5.2.3.1 Use of Benzoates in Animal Nutrition
5.2.3.2 Use of Benzoates in Industrial Applications
5.2.4 Challenges
5.2.4.1 Increase in Use of Natural Preservatives in Food & Beverages
5.3 Value Chain Analysis
Figure 14 Benzoates Market: Value Chain Analysis
5.4 Ecosystem
Figure 15 Ecosystem Map of Benzoates Market
Table 3 Benzoates Market: Ecosystem
5.5 Porter's Five Forces Analysis
Figure 16 Porter's Five Forces Analysis: Benzoates Market
Table 4 Benzoates Market: Porter's Five Forces Analysis
5.5.1 Bargaining Power of Suppliers
5.5.2 Bargaining Power of Buyers
5.5.3 Threat of Substitutes
5.5.4 Threat of New Entrants
5.5.5 Intensity of Competitive Rivalry
5.6 Patent Analysis
5.6.1 Introduction
5.6.2 Methodology
5.6.3 Document Type
Figure 17 Number of Granted Patents, Patent Applications, and Limited Patents
Figure 18 Publication Trends (2012-2021)
5.6.4 Insights
Figure 19 Legal Status of Patents
5.6.5 Jurisdiction Analysis
Figure 20 Top Jurisdiction, by Document
5.6.6 Top Companies/Applicants
Figure 21 Top 10 Companies/Applicants with Highest Number of Patents
Table 5 List of Patents by Kempharm, Inc.
Table 6 List of Patents by Beiersdorf Ag
Table 7 Top 10 Patent Owners, 2012-2021
5.7 Policies and Regulations
5.7.1 Fda Regulations
5.7.2 Regulations by Fda in US
5.7.3 European Commission's Scientific Committee
Figure 22 Commission Implementing Regulation (Eu) 2016/2023, Concerning the Authorisation of Sodium Benzoate, Potassium Sorbate, Formic Acid and Sodium Formate as Feed Additives for All Animal Species
5.7.4 European Food Safety Authority (Efsa)
5.7.5 China
5.7.6 India
Table 8 Food Safety and Standards (Health Supplements, Nutraceuticals, Food for Special Dietary Use, Food for Special Medical Purpose, Functional Food and Novel Food) Regulations
5.8 Case Study Analysis
5.8.1 Sodium Benzoate-Infused Dendrimer Antiscalant
5.9 Trade Data
Table 9 Export Data of Benzoates (2021)
Table 10 Import Data of Benzoates (2021)
5.10 Pricing Analysis
Figure 23 Benzoates Market: Average Price Trend of Benzoates
6 Manufacturing Process
6.1 Introduction
6.2 Sodium Benzoate
6.3 Potassium Benzoate
6.4 Ammonium Benzoate
7 Benzoates Market, by Type
7.1 Introduction
Figure 24 Sodium Benzoate Segment to Account for Largest Market Share During Forecast Period
Table 11 Benzoates Market Size, by Type, 2018-2021 (USD Million)
Table 12 Benzoates Market Size, by Type, 2022-2027 (USD Million)
Table 13 Benzoates Market Size, by Type, 2018-2021 (Ton)
Table 14 Benzoates Market Size, by Type, 2022-2027 (Ton)
7.2 Potassium Benzoate
7.2.1 High Demand from Food & Beverages Sector to Drive Demand
7.3 Sodium Benzoate
7.3.1 Sodium Benzoate Mostly Used as Antimicrobial Preservative in Food & Beverages
7.4 Ammonium Benzoate
7.4.1 Ammonium Benzoate Commonly Used for Its Corrosion Inhibitor Property
7.5 Others
8 Benzoates Market, by End-Use
8.1 Introduction
Figure 25 Food & Beverage to be Largest End-user During Forecast Period
Table 15 Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 16 Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
8.2 Food & Beverage
8.2.1 Antimicrobial Property of Benzoates to Fuel Demand
8.3 Pharmaceutical
8.3.1 Benzoates Used as Preservatives in Pharmaceutical Products
8.4 Personal Care
8.4.1 Sodium Benzoate Used as Fragrance Ingredient in Cosmetics
8.5 Others
9 Benzoates Market, by Region
9.1 Introduction
Figure 26 Asia-Pacific to be Largest Market During Forecast Period
Table 17 Benzoates Market Size, by Region, 2018-2021 (USD Million)
Table 18 Benzoates Market Size, by Region, 2022-2027 (USD Million)
9.2 Asia-Pacific
Figure 27 Asia-Pacific: Benzoates Market Snapshot
Table 19 Asia-Pacific: Benzoates Market Size, by Type, 2018-2021 (USD Million)
Table 20 Asia-Pacific: Benzoates Market Size, by Type, 2022-2027 (USD Million)
Table 21 Asia-Pacific: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 22 Asia-Pacific: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
Table 23 Asia-Pacific: Benzoates Market Size, by Country, 2018-2021 (USD Million)
Table 24 Asia-Pacific: Benzoates Market Size, by Country, 2022-2027 (USD Million)
9.2.1 China
9.2.1.1 Rise in Demand for Packaged Food & Beverages to Drive Market
Table 25 China: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 26 China: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.2.2 India
9.2.2.1 Growth of Paint Industry to Fuel Demand for Benzoates
Table 27 India: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 28 India: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.2.3 Japan
9.2.3.1 Growth in Consumption of Packaged Food to Drive Market
Table 29 Japan: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 30 Japan: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.2.4 South Korea
9.2.4.1 Growing Pharma Sector Fueling Market Growth
Table 31 South Korea: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 32 South Korea: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.2.5 Rest of Asia-Pacific
Table 33 Rest of Asia-Pacific: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 34 Rest of Asia-Pacific: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.3 Europe
Figure 28 Europe: Benzoates Market Snapshot
Table 35 Europe: Benzoates Market Size, by Type, 2018-2021 (USD Million)
Table 36 Europe: Benzoates Market Size, by Type, 2022-2027 (USD Million)
Table 37 Europe: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 38 Europe: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
Table 39 Europe: Benzoates Market Size, by Country, 2018-2021 (USD Million)
Table 40 Europe: Benzoates Market Size, by Country, 2022-2027 (USD Million)
9.3.1 Germany
9.3.1.1 Growth of Processed Food and Pharmaceutical Sectors
Table 41 Germany: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 42 Germany: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.3.2 France
9.3.2.1 Growing Demand for Feed Preservatives to Increase Consumption of Benzoates
Table 43 France: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 44 France: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.3.3 UK
9.3.3.1 Significant Growth in Food & Beverages Sector to Fuel Market
Table 45 UK: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 46 UK: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.3.4 Rest of Europe
Table 47 Rest of Europe: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 48 Rest of Europe: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.4 North America
Figure 29 North America: Benzoates Market Snapshot
Table 49 North America: Benzoates Market Size, by Type, 2018-2021 (USD Million)
Table 50 North America: Benzoates Market Size, by Type, 2022-2027 (USD Million)
Table 51 North America: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 52 North America: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
Table 53 North America: Benzoates Market Size, by Country, 2018-2021 (USD Million)
Table 54 North America: Benzoates Market Size, by Country, 2022-2027 (USD Million)
9.4.1 US
9.4.1.1 Growth in Demand for Beauty Products to Drive Market
Table 55 US: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 56 US: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.4.2 Canada
9.4.2.1 Increasing R&D Activities in Pharmaceutical Sector to Support Market
Table 57 Canada: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 58 Canada: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.4.3 Mexico
9.4.3.1 Food & Beverage to be Largest End-user of Benzoates
Table 59 Mexico: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 60 Mexico: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.5 Rest of World
Table 61 Rest of World: Benzoates Market Size, by Type, 2018-2021 (USD Million)
Table 62 Rest of World: Benzoates Market Size, by Type, 2022-2027 (USD Million)
Table 63 Rest of World: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 64 Rest of World: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
Table 65 Rest of World: Benzoates Market Size, by Country, 2018-2021 (USD Million)
Table 66 Rest of World: Benzoates Market Size, by Country, 2022-2027 (USD Million)
9.5.1 Middle East & Africa
Table 67 Middle East & Africa: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 68 Middle East & Africa: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
9.5.2 South America
Table 69 South America: Benzoates Market Size, by End-Use, 2018-2021 (USD Million)
Table 70 South America: Benzoates Market Size, by End-Use, 2022-2027 (USD Million)
10 Competitive Landscape
10.1 Strategies of Key Players
Table 71 Overview of Key Strategies Adopted by Top Players
10.2 Revenue Analysis
Figure 30 Revenue Analysis for Key Companies (2017-2021)
10.3 Market Share Analysis, 2021
Figure 31 Benzoates Market Share Analysis
Table 72 Benzoates Market: Degree of Competition
10.3.1 Lanxess
10.3.2 Wuhan Youji Industries Co., Ltd.
10.3.3 Tianjin Dongda Chemical Group Co., Ltd.
10.3.4 Eastman Chemical Company
10.3.5 Competitive Benchmarking
Table 73 Benzoates Market: Product Type Footprint
Table 74 Benzoates Market: End-Use Footprint
Table 75 Benzoates Market: Region Footprint
10.4 Company Evaluation Matrix
10.4.1 Stars
10.4.2 Emerging Leaders
10.4.3 Pervasive Companies
10.4.4 Participants
Figure 32 Benzoates: Company Evaluation Matrix, 2021
10.5 Competitive Scenario
Table 76 Benzoates Market: Deals, 2019-2022
Table 77 Benzoates Market: Other Developments, 2019-2022
11 Company Profiles
*Details on Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.
11.1 Lanxess
Table 78 Lanxess: Company Overview
Figure 33 Lanxess: Company Snapshot
Table 79 Lanxess: Products Offered
Table 80 Lanxess: Deals
11.2 Wuhan Youji Industries Co., Ltd.
Table 81 Wuhan Youji Industries Co., Ltd.: Company Overview
Table 82 Wuhan Youji Industries Co., Ltd.: Products Offered
Table 83 Wuhan Youji Industries Co., Ltd.: Others
11.3 Tianjin Dongda Chemical Group Co., Ltd.
Table 84 Tianjin Dongda Chemical Group Co., Ltd.: Company Overview
Table 85 Tianjin Dongda Chemical Group Co., Ltd.: Product Offered
11.4 Tengzhou Tenglong Chemical Co., Ltd.
Table 86 Tengzhou Tenglong Chemical Co., Ltd.: Company Overview
Table 87 Tengzhou Tenglong Chemical Co., Ltd.: Products Offered
11.5 Eastman Chemical Company
Table 88 Eastman Chemical Company: Company Overview
Figure 34 Eastman Chemical Company: Company Snapshot
Table 89 Eastman Chemical Company: Products Offered
Table 90 Eastman Chemical Company: Deals
11.6 A.M Food Chemical Co., Limited
Table 91 A.M Food Chemical Co., Limited: Company Overview
Table 92 A.M Food Chemical Co., Limited: Products Offered
11.7 Vertellus
Table 93 Vertellus: Company Overview
Table 94 Vertellus: Products Offered
Table 95 Vertellus: Deals
11.8 Spectrum Chemical
Table 96 Spectrum Chemical: Company Overview
Table 97 Spectrum Chemical: Products Offered
Table 98 Spectrum Chemical: Deals
11.9 Tengzhou Aolong Chemical Co., Ltd.
Table 99 Tengzhou Aolong Chemical Co., Ltd.: Company Overview
Table 100 Tengzhou Aolong Chemical Co., Ltd.: Products Offered
11.1 Macco Organiques Inc.
Table 101 Macco Organiques Inc.: Company Overview
Table 102 Macco Organiques Inc.: Products Offered
Table 103 Macco Organiques Inc.: Deals
11.11 Fbc Industries
Table 104 Fbc Industries: Company Overview
Table 105 Fbc Industries: Products Offered
11.12 Shandong Tongtaiweirun Food Science Tech Co., Ltd.
Table 106 Shandong Tongtaiweirun Food Science Tech Co., Ltd.: Company Overview
Table 107 Shandong Tongtaiweirun Food Science Tech Co., Ltd.: Products Offered
11.13 Shandong Ruiheng Biotechnology Co., Ltd.
Table 108 Shandong Ruiheng Biotechnology Co., Ltd.: Company Overview
Table 109 Shandong Ruiheng Biotechnology Co., Ltd.: Products Offered
11.14 Rishi Chemical
Table 110 Rishi Chemical: Company Overview
Table 111 Rishi Chemical: Products Offered
11.15 Tokyo Chemical Industry Co., Ltd.
Table 112 Tokyo Chemical Industry Co., Ltd.: Company Overview
Table 113 Tokyo Chemical Industry Co., Ltd.: Products Offered
11.16 Ing. Petr Švec - Penta S.R.O.
Table 114 Ing. Petr Švec - Penta S.R.O.: Company Overview
Table 115 Ing. Petr Švec - Penta S.R.O.: Products Offered
11.17 Ganesh Benzoplast Limited
Table 116 Ganesh Benzoplast Limited: Company Overview
Figure 35 Ganesh Benzoplast Limited: Company Snapshot
Table 117 Ganesh Benzoplast Limited: Products Offered
11.18 Foodchem International Corporation
Table 118 Foodchem International Corporation: Company Overview
Table 119 Foodchem International Corporation: Products Offered
Table 120 Foodchem International Corporation: Others
11.19 American Elements
Table 121 American Elements: Company Overview
Table 122 American Elements: Products Offered
*Details on Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.
12 Appendix
12.1 Discussion Guide
12.2 Knowledgestore: The Subscription Portal
12.3 Customization Options
