The sodium benzoate market in North America is expected to reach a projected revenue of US$ 133.1 million by 2030. A compound annual growth rate of 5.6% is expected of North America 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 sodium benzoate market in North America is expected to grow significantly over the forecast period due to a rise in demand for food and beverage preservatives in the region. Sodium benzoate finds applications in pharmaceutical and personal and cosmetic care products, which are expected to grow over the forecast period.
For instance, in February 2024, The Coca-Cola Company announced the launch of a new flavor, spicy raspberry soda, as part of the trend toward snacks and drinks with bold and exciting flavors. This new fizzy drink is a fruity twist on the classic soda and marks Coca-Cola's first new permanent offering in North America in 3 years.
The company had planned to release two versions of the drink, Coca-Cola Spiced and Coca-Cola Spiced Zero Sugar, in the U.S. and Canada on February 19, 2024. This resulted in a rise in demand for sodium benzoate which is used by Coca-Cola as a preservative in their beverage offerings.
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 60.22% in 2023.
Horizon Databook has segmented the North America sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
The sodium benzoate market in North America is expected to grow significantly over the forecast period due to a rise in demand for food and beverage preservatives in the region. Sodium benzoate finds applications in pharmaceutical and personal and cosmetic care products, which are expected to grow over the forecast period.
For instance, in February 2024, The Coca-Cola Company announced the launch of a new flavor, spicy raspberry soda, as part of the trend toward snacks and drinks with bold and exciting flavors. This new fizzy drink is a fruity twist on the classic soda and marks Coca-Cola's first new permanent offering in North America in 3 years.
The company had planned to release two versions of the drink, Coca-Cola Spiced and Coca-Cola Spiced Zero Sugar, in the U.S. and Canada on February 19, 2024. This resulted in a rise in demand for sodium benzoate which is used by Coca-Cola as a preservative in their beverage offerings.
North America Sodium Benzoate Market Form Outlook (Revenue, USD Million , 2018-2030)
Powder
Granules
Others
North America 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 continent-level data and insights on the North America sodium benzoate market report, including forecasts for subscribers. This continent databook contains high-level insights into North America sodium benzoate market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Sodium Benzoate Market, 2018-2030 (US$M)