The sodium benzoate market in Europe is expected to reach a projected revenue of US$ 95.4 million by 2030. A compound annual growth rate of 5.8% is expected of Europe sodium benzoate market from 2024 to 2030.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 294.8 million by 2030.
The market in Europe is projected to grow during the forecast period owing to the rising demand for sodium benzoate for use in the food & beverage, pharmaceuticals, and cosmetics industries in the region. It is used as a preservative in the food & beverage industry to stop the growth of microorganisms in food products and beverages.
In October 2023, The Coca-Cola company announced a collaboration with The Absolut Company. Vodka & Sprite introduces a ready-to-drink pre-mixed cocktail (PMC) that comprises Absolut, the global premium vodka, and Sprite, the lemon sparkling soft drink consumed worldwide. This PMC beverage is available in two versions: Sprite Zero Sugar and Sprite.
The initial launch was planned for select European countries, such as Spain, the Netherlands, the UK, and Germany, in early 2024. This has resulted in a rise in demand for sodium benzoate, which is primarily used in Coca-Cola products.
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 56.9% in 2023.
Horizon Databook has segmented the Europe sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
The market in Europe is projected to grow during the forecast period owing to the rising demand for sodium benzoate for use in the food & beverage, pharmaceuticals, and cosmetics industries in the region. It is used as a preservative in the food & beverage industry to stop the growth of microorganisms in food products and beverages.
In October 2023, The Coca-Cola company announced a collaboration with The Absolut Company. Vodka & Sprite introduces a ready-to-drink pre-mixed cocktail (PMC) that comprises Absolut, the global premium vodka, and Sprite, the lemon sparkling soft drink consumed worldwide. This PMC beverage is available in two versions: Sprite Zero Sugar and Sprite.
The initial launch was planned for select European countries, such as Spain, the Netherlands, the UK, and Germany, in early 2024. This has resulted in a rise in demand for sodium benzoate, which is primarily used in Coca-Cola products.
Europe Sodium Benzoate Market Form Outlook (Revenue, USD Million , 2018-2030)
Powder
Granules
Others
Europe 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 continent-level data and insights on the Europe sodium benzoate market report, including forecasts for subscribers. This continent databook contains high-level insights into Europe sodium benzoate market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.