Global Sodium Benzoate Market Size & Outlook, 2023-2030
Global sodium benzoate market , 2018-2030 (US$M)
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Global sodium benzoate market highlights
- The global sodium benzoate market generated a revenue of USD 431.5 million in 2023 and is expected to reach USD 633.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.6% by 2030.
- In terms of segment, powder accounted for a revenue of USD 264.5 million in 2023.
- Powder is the most lucrative form segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 431.5 million |
| Market revenue in 2030 | USD 633.8 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Powder |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder, Granules |
Other key industry trends
- In terms of revenue, the North America accounted for 21.1% of the global sodium benzoate market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 11.7 million by 2030.
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Sodium Benzoate Market Scope
Sodium Benzoate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tulstar Products | View profile | 11-50 | Tulsa, Oklahoma, United States, North America | https://www.tulstar.com |
| Foodchem International Corporation | View profile | - | Shanghai, Shanghai, China, Asia | http://www.foodchemadditives.com/ |
| Spectrum Chemicals | View profile | 11-50 | Mumbai, Maharashtra, India, Asia | https://www.spectrumchemicals.net |
| Azelis Group NV | View profile | 4206 | Posthofbrug 12, Box 6, Antwerp, Belgium, B-2600 | https://www.azelis.com |
| Lanxess AG | View profile | 12621 | Kennedyplatz 1, Cologne, Germany, 50569 | https://www.lanxess.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Avantor Inc | View profile | 14500 | 100 Matsonford Road, Suite 200, Building One, Radnor Corporate Center, Radnor, PA, United States, 19087 | https://www.avantorsciences.com |
| Merck KGaA | View profile | 62345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | https://www.emdgroup.com |
Global sodium benzoate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sodium benzoate market will help companies and investors design strategic landscapes.
Powder was the largest segment with a revenue share of 61.3% in 2023. Horizon Databook has segmented the Global sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Sodium Benzoate Form Outlook (Revenue, USD Million, 2018-2030)
- Granules
- Others
- Powder
- Global Sodium Benzoate Application Outlook (Revenue, USD Million, 2018-2030)
- Cosmetics
- Food & Beverages
- Pharmaceuticals
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global sodium benzoate market , including forecasts for subscribers. This global databook contains high-level insights into Global sodium benzoate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global sodium benzoate market report size, by regions, 2018-2030 (US$M)
Top 10 countries: Sodium benzoate market report size, 2023 (US$M)
Global sodium benzoate market report share, by form, 2023 & 2030 (%, US$M)
Sodium benzoate market : Opportunity assessment by country
Global sodium benzoate market , by region, 2023 (US$M)
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