The sodium benzoate market in Argentina is expected to reach a projected revenue of US$ 15.6 million by 2030. A compound annual growth rate of 5.2% is expected of Argentina sodium benzoate market from 2024 to 2030.
Country-wise, China is expected to lead the global market in terms of revenue in 2030.
In Latin America, Brazil sodium benzoate market is projected to lead the regional market in terms of revenue in 2030.
Brazil is the fastest growing regional market in Latin America and is projected to reach USD 28.6 million by 2030.
The sodium benzoate market is expected to grow in Argentina owing to the increasing consumption of processed foods and beverages. This growth is attributed to the rising consumption of food & beverage globally.
For instance, in March 2024, Santa Julia Winery and McDonald's announced the launching of a wine in aluminum cans throughout Argentina. Canned wine is becoming popular worldwide owing to its sustainability attributed to aluminum's infinite recyclable nature, as well as its ease of transportation, durability, and ability to protect the beverage from harmful UV rays.
Globally, winemakers add a small amount of sodium benzoate in the wine-making process, leading to a rise in demand for sodium benzoate in the country.
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 60.0% in 2023.
Horizon Databook has segmented the Argentina sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
The sodium benzoate market is expected to grow in Argentina owing to the increasing consumption of processed foods and beverages. This growth is attributed to the rising consumption of food & beverage globally.
For instance, in March 2024, Santa Julia Winery and McDonald's announced the launching of a wine in aluminum cans throughout Argentina. Canned wine is becoming popular worldwide owing to its sustainability attributed to aluminum's infinite recyclable nature, as well as its ease of transportation, durability, and ability to protect the beverage from harmful UV rays.
Globally, winemakers add a small amount of sodium benzoate in the wine-making process, leading to a rise in demand for sodium benzoate in the country.
Argentina Sodium Benzoate Market Form Outlook (Revenue, USD Million , 2018-2030)
Powder
Granules
Others
Argentina Sodium Benzoate Market Application Outlook (Revenue, USD Million , 2018-2030)
Food & Beverages
Pharmaceuticals
Cosmetics
Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina sodium benzoate market report, including forecasts for subscribers. This country databook contains high-level insights into Argentina sodium benzoate market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Argentina Sodium Benzoate Market, 2018-2030 (US$M)