The sodium benzoate market in Saudi Arabia is expected to reach a projected revenue of US$ 11.7 million by 2030. A compound annual growth rate of 4.6% is expected of Saudi Arabia sodium benzoate market from 2024 to 2030.
Country-wise, China is expected to lead the global market in terms of revenue in 2030.
In Middle East & Africa, South Africa sodium benzoate market is projected to lead the regional market in terms of revenue in 2030.
South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 17.4 million by 2030.
The consumption of processed food & beverage is increasing in Saudi Arabia. It is leading to a surging demand for processed food & beverage in the country. This, in turn, is contributing to the demand for sodium benzoate, which is used as a preservative in food & beverage.
According to reports from January 2023, one in three young individuals in Saudi Arabia consumed fast food more than twice a week. Moreover, approximately 85% of young people in the country prefer fast food over homemade food.
In addition, the report revealed that more than 28.5% of people in Saudi Arabia consume fast food more than twice a week. Interestingly, the students with the highest monthly family income were found to have a significantly higher frequency of fast-food consumption than the ones with a lower monthly family income.
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 60.0% in 2023.
Horizon Databook has segmented the Saudi Arabia sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
The consumption of processed food & beverage is increasing in Saudi Arabia. It is leading to a surging demand for processed food & beverage in the country. This, in turn, is contributing to the demand for sodium benzoate, which is used as a preservative in food & beverage.
According to reports from January 2023, one in three young individuals in Saudi Arabia consumed fast food more than twice a week. Moreover, approximately 85% of young people in the country prefer fast food over homemade food.
In addition, the report revealed that more than 28.5% of people in Saudi Arabia consume fast food more than twice a week. Interestingly, the students with the highest monthly family income were found to have a significantly higher frequency of fast-food consumption than the ones with a lower monthly family income.
Saudi Arabia Sodium Benzoate Market Form Outlook (Revenue, USD Million , 2018-2030)
Powder
Granules
Others
Saudi Arabia 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 Saudi Arabia sodium benzoate market report, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia sodium benzoate market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Sodium Benzoate Market, 2018-2030 (US$M)