South Korea Sodium Benzoate Market, 2024-2030
- Specialty & Fine Chemicals
- Personal Care & Cosmetic Ingredients
- sodium benzoate market report
- Personal Care & Cosmetic Ingredients
South Korea Sodium Benzoate Market, 2018-2030 (US$M)
Global Market
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South Korea sodium benzoate market highlights
- The South Korea sodium benzoate market generated a revenue of USD 6.3 million in 2023 and is expected to reach USD 9.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.3% 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 6.3 million |
| Market revenue in 2030 | USD 9.0 million |
| Growth rate | 5.3% (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, South Korea accounted for 1.5% 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 Asia Pacific, China sodium benzoate market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 100.1 million by 2030.
South Korea sodium benzoate market is expected to grow over the forecast period. This growth is attributed to a rise in demand for preservatives in the food & beverage industry. This rise in production of soft drinks has led to a rise in demand for sodium benzoate, which is used a preservative in the soft drinks, they inhibit the growth of unwanted microorganisms in the product and keep the product safe from microorganism attack.
For instance, in February 2024, Coca-Cola announced the limited-time release of Coca-Cola K-Wave Zero Sugar. As part of its mission to keep consumers interested in its wide range of beverages, CocaCola launched a creation platform that creates unique and temporary flavors and enhances Coca-Cola's perception as a lifestyle brand through merchandise and virtual experiences.
With its new creations launch, Coca-Cola is tapping into the incredible popularity of K-pop among younger consumers worldwide. Coca-Cola K-Wave Zero Sugar is now available in select markets across the globe, including Spain, Singapore, the U.S., and South Korea. This Coca-Cola product uses sodium benzoate to inhibit the growth of microorganisms, in turn, driving the market in the country.
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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 |
South Korea 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 57.14% in 2023.
Horizon Databook has segmented the South Korea sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea sodium benzoate market is expected to grow over the forecast period. This growth is attributed to a rise in demand for preservatives in the food & beverage industry. This rise in production of soft drinks has led to a rise in demand for sodium benzoate, which is used a preservative in the soft drinks, they inhibit the growth of unwanted microorganisms in the product and keep the product safe from microorganism attack.
For instance, in February 2024, Coca-Cola announced the limited-time release of Coca-Cola K-Wave Zero Sugar. As part of its mission to keep consumers interested in its wide range of beverages, CocaCola launched a creation platform that creates unique and temporary flavors and enhances Coca-Cola's perception as a lifestyle brand through merchandise and virtual experiences.
With its new creations launch, Coca-Cola is tapping into the incredible popularity of K-pop among younger consumers worldwide. Coca-Cola K-Wave Zero Sugar is now available in select markets across the globe, including Spain, Singapore, the U.S., and South Korea. This Coca-Cola product uses sodium benzoate to inhibit the growth of microorganisms, in turn, driving the market in the country.
- South Korea Sodium Benzoate Market Form Outlook (Revenue, USD Million , 2018-2030)
- Powder
- Granules
- Others
- South Korea 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 South Korea sodium benzoate market report, including forecasts for subscribers. This country databook contains high-level insights into South Korea sodium benzoate market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Sodium Benzoate Market, 2018-2030 (US$M)
South Korea sodium benzoate market report statistics, by form, 2018-2030 (US$M)
