Latin America Sodium Benzoate Market, 2024-2030
- Specialty & Fine Chemicals
- Personal Care & Cosmetic Ingredients
- sodium benzoate market report
- Personal Care & Cosmetic Ingredients
Latin America Sodium Benzoate Market, 2018-2030 (US$M)
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Latin America sodium benzoate market highlights
- The Latin America sodium benzoate market generated a revenue of USD 46.3 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 46.3 million |
| Market revenue in 2030 | USD 65.9 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Powder |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 10.7% of the global sodium benzoate market in 2023.
- 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 sodium benzoate market is expected to grow in the region. This growth is attributed to the rising demand for sodium benzoate in the food & beverage industry. Sodium benzoate is used as the preservative in foods and beverages, leading to a rise in demand in the region.
In January 2024, according to the Pan American Health Organization (PAHO), the sales of ultra processed food grew in Latin America with a 26% increase between 2000 and 2013. Colombia witnessed a similar growth trend of around 25% during the same period.
The highest consumption was observed among adolescents, with UPF contributing 20.3% to the total daily energy intake. This rise in the consumption of processed food has boosted the demand for sodium benzoate in Central & South America.
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Publish Date: Oct 17, 2025
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Sodium Benzoate Market Report
Sodium Benzoate Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Merck KGaA | View profile | 62,345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | www.emdgroup.com |
| Avantor Inc | View profile | 14,500 | 100 Matsonford Road, Suite 200, Building One, Radnor Corporate Center, Radnor, PA, United States, 19087 | www.avantorsciences.com |
| DuPont de Nemours Inc | View profile | 24,000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | www.dupont.com |
| Lanxess AG | View profile | 12,621 | Kennedyplatz 1, Cologne, Germany, 50569 | www.lanxess.com |
| Azelis Group NV | View profile | 4,206 | Posthofbrug 12, Box 6, Antwerp, Belgium, B-2600 | www.azelis.com |
| Spectrum Chemicals | View profile | 11-50 | Mumbai, Maharashtra, India, Asia | www.spectrumchemicals.net |
| Foodchem International Corporation | View profile | - | Shanghai, Shanghai, China, Asia | www.foodchemadditives.com/ |
| Tulstar Products | View profile | 11-50 | Tulsa, Oklahoma, United States, North America | www.tulstar.com |
Latin America sodium benzoate market report
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 60.48% in 2023.
Horizon Databook has segmented the Latin America 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 the region. This growth is attributed to the rising demand for sodium benzoate in the food & beverage industry. Sodium benzoate is used as the preservative in foods and beverages, leading to a rise in demand in the region.
In January 2024, according to the Pan American Health Organization (PAHO), the sales of ultra processed food grew in Latin America with a 26% increase between 2000 and 2013. Colombia witnessed a similar growth trend of around 25% during the same period.
The highest consumption was observed among adolescents, with UPF contributing 20.3% to the total daily energy intake. This rise in the consumption of processed food has boosted the demand for sodium benzoate in Central & South America.
- Latin America Sodium Benzoate Market Form Outlook (Revenue, USD Million , 2018-2030)
- Powder
- Granules
- Others
- Latin America 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 Latin America sodium benzoate market report, including forecasts for subscribers. This continent databook contains high-level insights into Latin America sodium benzoate market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Sodium Benzoate Market, 2018-2030 (US$M)
Latin America sodium benzoate market report statistics, by form, 2018-2030 (US$M)
