The sodium benzoate market in China is expected to reach a projected revenue of US$ 128.9 million by 2030. A compound annual growth rate of 6% is expected of China sodium benzoate market from 2024 to 2030.
Country-wise, China is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China sodium benzoate market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 100.1 million by 2030.
China sodium benzoate market is expected to grow over the forecast period. This is attributed to the rise in demand for preservatives in the food & beverage industry. Sodium benzoate also finds application in pharmaceutical and personal care industries.
The sodium benzoate market is also growing due to government regulations in favor of promoting market players to get a foothold in the sodium benzoate market. For instance, in March 2023, the National Health Commission (NHC) announced the approval of 28 new food materials and additives, of which six are enzymes derived from Genetically Modified Microorganisms (GMMs).
NHC issued two announcements (No. 1 of 2023 and No. 3 of 2023), in which a total of 42 products were approved. Out of these, 22 were new food additives (including those for expanded use). This includes sodium benzoate, which is used as a preservative in the food & beverage industry, leading to a rise in the use of sodium benzoate in the region.
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 62.67% in 2023.
Horizon Databook has segmented the China sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
China sodium benzoate market is expected to grow over the forecast period. This is attributed to the rise in demand for preservatives in the food & beverage industry. Sodium benzoate also finds application in pharmaceutical and personal care industries.
The sodium benzoate market is also growing due to government regulations in favor of promoting market players to get a foothold in the sodium benzoate market. For instance, in March 2023, the National Health Commission (NHC) announced the approval of 28 new food materials and additives, of which six are enzymes derived from Genetically Modified Microorganisms (GMMs).
NHC issued two announcements (No. 1 of 2023 and No. 3 of 2023), in which a total of 42 products were approved. Out of these, 22 were new food additives (including those for expanded use). This includes sodium benzoate, which is used as a preservative in the food & beverage industry, leading to a rise in the use of sodium benzoate in the region.
China Sodium Benzoate Market Form Outlook (Revenue, USD Million , 2018-2030)
Powder
Granules
Others
China 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 China sodium benzoate market report, including forecasts for subscribers. This country databook contains high-level insights into China sodium benzoate market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.