Benzoates Market To Gain Substantial Traction Through 2031

Global Benzoates report from Global Insight Services is the single authoritative source of intelligence on Benzoates market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Benzoates are a class of chemicals that are used as food preservatives. They are effective at preventing the growth of bacteria and other microorganisms and are therefore used to extend the shelf life of food products. Benzoates are added to food products in the form of sodium benzoate, potassium benzoate, or calcium benzoate.

Key Trends
In recent years, there has been a trend towards the use of Benzoates technology in the food industry. This is due to the fact that Benzoates is a food preservative that can extend the shelf life of food products.

In addition, Benzoates are also effective in preventing the growth of bacteria and mold. As a result, this technology is becoming increasingly popular in the food industry.

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Market Segments
The benzoates market is segmented by product, application, and region. By product, the market is classified into potassium benzoate, sodium benzoate, and others. Based on application, it is bifurcated into food, drink, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players
The global benzoates market includes players such as AkzoNobel N.V., Brown Chemical Co. Ltd., FBC Industries Inc., Foodchem International Corporation, A.M. Food Chemical Co. Limited, Jarchem Industries, Wuhan Youji Industries Co. Ltd., DuPont de Nemours Company, Eastman Chemical Company E.I., Spectrum Chemicals, and others.

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Key Drivers
The global benzoates market is driven by the growing demand for processed food and beverages. The preservative properties of benzoates help in extending the shelf life of food products, which is a key factor driving their demand.

The stringent food safety regulations set by various governments are another key factor driving the demand for benzoates. These regulations mandate the use of preservatives in food products in order to ensure their safety for human consumption.

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This release was published on openPR.