The global sucrose benzoate market is expected to grow at a CAGR of 5.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of the market can be attributed to the increasing demand for sucrose benzoate in food and beverage industry, electronics industry, and energy industry. The food and beverage industry is expected to account for the largest share of the global sucrose benzoate market in terms of revenue during the forecast period due to its high demand from various end-use industries such as bakery & confectionery, dairy products, beverages & soft drinks, meat products & poultry products, snacks & savory foods. In terms of type, powder segment accounted for a larger share in 2018 due to its higher usage in food and beverage applications such as bakery & confectionery and dairy products. In terms of application type, electronics segment accounted for a larger share in 2018 due to its high demand from various end-use industries such as automotive electronics (e-mobility), consumer electronics (smartphones), industrial electronics (automation), medical devices (diagnostic equipment). In terms of region type North America accounted for a larger share in 2018 due to its higher consumption rates among other regions owing mainly because it has one of the highest GDPs per capita globally which leads towards increased spending on consumer goods including sugar benzoates.
- The increasing demand for sugar substitutes in various industries such as pharmaceuticals and cosmetics is also driving the growth of this market globally.
- Increasing awareness about health benefits associated with sucrose benzoate is also expected to drive the growth of this market globally over the forecast period (2017-2025) 5) Increasing use of sucrose benzoate as an additive in various products such as beverages, dairy products, and bakery products are some other factors that are expected to drive this market over the forecast period (2017-2025).
Industry Growth Insights published a new data on “Sucrose Benzoate Market”. The research report is titled “Sucrose Benzoate Market research by Types (Powder, Flake, Others), By Applications (Food & Beverage, Electronics, Energy, Others), By Players/Companies Basf, Feicheng Acid Chemicals, Luxi Chemcial Group, Eastman, Basf-YPC Company, Tianyuan Group, Perstorp, Wuhan Ruisunny Chemical”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sucrose Benzoate Market Research Report
By Type
Powder, Flake, Others
By Application
Food & Beverage, Electronics, Energy, Others
By Companies
Basf, Feicheng Acid Chemicals, Luxi Chemcial Group, Eastman, Basf-YPC Company, Tianyuan Group, Perstorp, Wuhan Ruisunny Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Sucrose Benzoate Market Report Segments:
The global Sucrose Benzoate market is segmented on the basis of:
Types
Powder, Flake, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverage, Electronics, Energy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Basf
- Feicheng Acid Chemicals
- Luxi Chemcial Group
- Eastman
- Basf-YPC Company
- Tianyuan Group
- Perstorp
- Wuhan Ruisunny Chemical
Highlights of The Sucrose Benzoate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder
- Flake
- Others
- By Application:
- Food & Beverage
- Electronics
- Energy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sucrose Benzoate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sucrose benzoate is a white to off-white crystalline powder that is used as a food additive. It has the chemical formula C6H10O5 and is commonly known by its trade name, Benzoic Acid. Sucrose benzoate can be found in many foods, including salad dressings, condiments, and baked goods.
Some of the major players in the sucrose benzoate market are Basf, Feicheng Acid Chemicals, Luxi Chemcial Group, Eastman, Basf-YPC Company, Tianyuan Group, Perstorp, Wuhan Ruisunny Chemical.
The sucrose benzoate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sucrose Benzoate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sucrose Benzoate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sucrose Benzoate Market - Supply Chain
4.5. Global Sucrose Benzoate Market Forecast
4.5.1. Sucrose Benzoate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sucrose Benzoate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sucrose Benzoate Market Absolute $ Opportunity
5. Global Sucrose Benzoate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sucrose Benzoate Market Size and Volume Forecast by Type
5.3.1. Powder
5.3.2. Flake
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sucrose Benzoate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sucrose Benzoate Market Size and Volume Forecast by Application
6.3.1. Food & Beverage
6.3.2. Electronics
6.3.3. Energy
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sucrose Benzoate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sucrose Benzoate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sucrose Benzoate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sucrose Benzoate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sucrose Benzoate Demand Share Forecast, 2019-2026
9. North America Sucrose Benzoate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sucrose Benzoate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sucrose Benzoate Market Size and Volume Forecast by Application
9.4.1. Food & Beverage
9.4.2. Electronics
9.4.3. Energy
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sucrose Benzoate Market Size and Volume Forecast by Type
9.7.1. Powder
9.7.2. Flake
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sucrose Benzoate Demand Share Forecast, 2019-2026
10. Latin America Sucrose Benzoate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sucrose Benzoate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sucrose Benzoate Market Size and Volume Forecast by Application
10.4.1. Food & Beverage
10.4.2. Electronics
10.4.3. Energy
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sucrose Benzoate Market Size and Volume Forecast by Type
10.7.1. Powder
10.7.2. Flake
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sucrose Benzoate Demand Share Forecast, 2019-2026
11. Europe Sucrose Benzoate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sucrose Benzoate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sucrose Benzoate Market Size and Volume Forecast by Application
11.4.1. Food & Beverage
11.4.2. Electronics
11.4.3. Energy
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sucrose Benzoate Market Size and Volume Forecast by Type
11.7.1. Powder
11.7.2. Flake
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sucrose Benzoate Demand Share, 2019-2026
12. Asia Pacific Sucrose Benzoate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sucrose Benzoate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sucrose Benzoate Market Size and Volume Forecast by Application
12.4.1. Food & Beverage
12.4.2. Electronics
12.4.3. Energy
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sucrose Benzoate Market Size and Volume Forecast by Type
12.7.1. Powder
12.7.2. Flake
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sucrose Benzoate Demand Share, 2019-2026
13. Middle East & Africa Sucrose Benzoate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sucrose Benzoate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sucrose Benzoate Market Size and Volume Forecast by Application
13.4.1. Food & Beverage
13.4.2. Electronics
13.4.3. Energy
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sucrose Benzoate Market Size and Volume Forecast by Type
13.7.1. Powder
13.7.2. Flake
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sucrose Benzoate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sucrose Benzoate Market: Market Share Analysis
14.2. Sucrose Benzoate Distributors and Customers
14.3. Sucrose Benzoate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Basf
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Feicheng Acid Chemicals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Luxi Chemcial Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eastman
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Basf-YPC Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tianyuan Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Perstorp
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wuhan Ruisunny Chemical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook