France Sodium Benzoate Market Size & Outlook, 2023-2030
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France sodium benzoate market highlights
- The France sodium benzoate market generated a revenue of USD 12.2 million in 2023 and is expected to reach USD 18.4 million by 2030.
- The France market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, powder was the largest revenue generating form in 2023.
- Powder is the most lucrative form segment registering the fastest growth during the forecast period.
Sodium benzoate market data book summary
| Market revenue in 2023 | USD 12.2 million |
| Market revenue in 2030 | USD 18.4 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Powder |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder, Granules |
| Key market players worldwide | Foodchem International Corporation, Avantor Inc, Merck KGaA, Azelis Group NV, Spectrum Chemicals, DuPont de Nemours Inc, Tulstar Products, Lanxess AG |
Other key industry trends
- In terms of revenue, France accounted for 2.8% of the global sodium benzoate market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany sodium benzoate market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 18.4 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 |
France 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 57.38% in 2023. Horizon Databook has segmented the France sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
Sodium benzoate market in France is projected to grow during the forecast period. The growth of this market can be attributed to the availability of different categories of processed food in the country, with desserts being one of the most popular among them.
As frozen desserts such as ice creams, sorbets, and pastries are popular in France, they are consumed as a staple in the country. Frozen seafood market in France is also gaining traction. Seafood has always been an integral part of French cuisine.
This has resulted in a rising demand for sodium benzoate in the country that is commonly used as a preservative in the food & beverage industry. In November 2022, the European Commission established maximum limits for certain antioxidants to prevent the widespread occurrence of Tuna Fraud.
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Horizon Databook provides a detailed overview of country-level data and insights on the France sodium benzoate market , including forecasts for subscribers. This country databook contains high-level insights into France sodium benzoate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France sodium benzoate market report size, by form, 2018-2030 (US$M)
France Sodium Benzoate Market Share, 2023 & 2030 (US$M)
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