The Worldwide Benzoates Industry is Projected to Reach $540 Million by 2027: Rise in Demand for Personal Care and Home Care Products Drives Growth - ResearchAndMarkets.com
The global benzoates market is projected to grow from USD 429 million in 2022 to USD 540 million by 2027, at a CAGR of 4.7% during the forecast period.
- The global benzoates market is projected to grow from USD 429 million in 2022 to USD 540 million by 2027, at a CAGR of 4.7% during the forecast period.
- Growing demand for benzoates is witnessed due to its usage in diversified applications, such as pickles, beverages, jams, jellies, cosmetic products, animal feed, cough syrups, and others.
- Also, it is used in other industries such as home care, personal care, and pharmaceutical.
- Growing demand for processed food as a result of increasing population and changing lifestyle is driving the growth of benzoates in food & beverage segment.