Sodium Benzoate Market Expected to Reach $372.3 Million by 2030

The global sodium benzoate market is projected to expand steadily over the coming years, driven by its widespread use across food, pharmaceutical, cosmetic, and home care applications. According to the report “Sodium Benzoate Market by Application and Region – Global Forecast to 2030”, the market is expected to grow from USD 304.9 million in 2025 to USD 372.3 million by 2030, registering a compound annual growth rate (CAGR) of 4.1%.

Market growth is primarily supported by increasing demand for preservatives in food and beverages, where sodium benzoate is commonly used to extend shelf life and maintain product quality. Its expanding application in pharmaceutical formulations, along with rising consumption of cosmetics and home care products, is also contributing to sustained demand.

Market Dynamics

The report highlights several factors shaping the sodium benzoate market. A key growth driver is the rising consumption of processed and packaged foods, particularly in urban markets. However, the industry faces challenges from a growing preference for natural preservatives and increasing regulatory scrutiny in certain regions. At the same time, new opportunities are emerging from the animal feed segment within the livestock industry, where sodium benzoate is being explored for its stabilizing properties.

Regional Outlook

The Asia Pacific region is expected to hold the largest share of the global sodium benzoate market throughout the forecast period. This dominance is attributed to rapid industrialization, expanding food processing sectors, and strong growth in the pharmaceutical and cosmetics industries. Countries including China, India, Japan, and South Korea are major contributors, supported by population growth, evolving dietary patterns, and rising demand for packaged and convenience foods.

The region’s well-established pharmaceutical manufacturing base further supports market growth, as sodium benzoate is widely used for its antimicrobial and stabilizing characteristics. In addition, the expanding personal care and cosmetics sector, driven by increasing disposable incomes and greater emphasis on product safety, continues to support the use of sodium benzoate as an alternative to parabens.

Key Market Participants

Major companies operating in the global sodium benzoate market include LANXESS (Germany), Wuhan Youji Holdings Ltd. (China), Tianjin Dongda Chemical Group Co., Ltd. (China), Eastman Chemical Company (US), and Tengzhou Tenglong Food Technology Development Co., Ltd. (China), among others.

Source: marketsandmarkets