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Sodium Benzoate Market is Estimated to Witness High Growth Owing to Increasing Demand for Food Preservatives

The global sodium benzoate market is used widely as a food preservative across various industries such as packaged food, beverage, dairy products, and cosmetics among others. Sodium benzoate inhibits the growth of bacteria and molds that cause spoilage and foodborne illnesses. It is widely used as a preservative in carbonated drinks, fruit juices, pickles, jams, jellies and other packaged food products.
The global sodium benzoate market is estimated to be valued at US$ 2.77 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031.
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