The sodium benzoate market in Brazil is expected to reach a projected revenue of US$ 28.6 million by 2030. A compound annual growth rate of 5.4% is expected of Brazil 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 rising due to the growing demand for food and beverages in the country. This has led to the launch of new soft drinks and fruit juices, leading to a rise in demand for sodium benzoate, which is used as a preservative in the food & beverage industry.
For instance, in October 2023, Britvic, a UK soft drink company, announced the acquisition of extra power energy drink brand from GlobalBev along with the acquisition of three more soft drink brands, namely Juxx (a juice brand), Flying Horse (an energy drink brand), and Amazoo (an acai smoothie brand).
These acquisitions enable Britvic to expand its portfolio and regional footprint, with the deal also including a modern warehouse in Brasilia to help route to the market in Brazil’s Center-west region. Britvic has also developed fruit-flavored drink brands such as Maguary, Bela Ischia, and Dafruta into national presences.
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 60.61% in 2023.
Horizon Databook has segmented the Brazil sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
The sodium benzoate market is rising due to the growing demand for food and beverages in the country. This has led to the launch of new soft drinks and fruit juices, leading to a rise in demand for sodium benzoate, which is used as a preservative in the food & beverage industry.
For instance, in October 2023, Britvic, a UK soft drink company, announced the acquisition of extra power energy drink brand from GlobalBev along with the acquisition of three more soft drink brands, namely Juxx (a juice brand), Flying Horse (an energy drink brand), and Amazoo (an acai smoothie brand).
These acquisitions enable Britvic to expand its portfolio and regional footprint, with the deal also including a modern warehouse in Brasilia to help route to the market in Brazil’s Center-west region. Britvic has also developed fruit-flavored drink brands such as Maguary, Bela Ischia, and Dafruta into national presences.
Brazil Sodium Benzoate Market Form Outlook (Revenue, USD Million , 2018-2030)
Powder
Granules
Others
Brazil Sodium Benzoate Market Application Outlook (Revenue, USD Million , 2018-2030)
Food & Beverages
Pharmaceuticals
Cosmetics
Others
Reasons to subscribe to sodium benzoate market report databook
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of sodium benzoate market report databook
Our clientele includes a mix of sodium benzoate market report companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil sodium benzoate market report, including forecasts for subscribers. This country databook contains high-level insights into Brazil sodium benzoate market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.