Spain Sodium Benzoate Market Size & Outlook, 2023-2030
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Spain sodium benzoate market highlights
- The Spain sodium benzoate market generated a revenue of USD 3.3 million in 2023 and is expected to reach USD 4.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 5.1% 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 3.3 million |
| Market revenue in 2030 | USD 4.7 million |
| Growth rate | 5.1% (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, Spain accounted for 0.8% 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 |
Spain 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 57.58% in 2023. Horizon Databook has segmented the Spain sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for processed frozen tapas, paella, and seafood has been steadily increasing in Spain in recent years. With busy lifestyle and the requirement for convenience, consumers in the country are turning to processed frozen food options to save their time and effort in kitchens.
These processed frozen food options are readily available in supermarkets, making it easy for consumers to purchase and enjoy them at their convenience. The strong cultural affinity for seafood in Spain is one of the main drivers for the high demand for processed frozen fish fillets in the country.
Spain has always been known for its love for seafood, with its coastal location providing easy access to a variety of fresh fish. This love for seafood has translated into a strong demand for processed frozen fish fillets in the country, thereby making Spain the seventh-largest import market for them in the world.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain sodium benzoate market , including forecasts for subscribers. This country databook contains high-level insights into Spain sodium benzoate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain sodium benzoate market report size, by form, 2018-2030 (US$M)
Spain Sodium Benzoate Market Share, 2023 & 2030 (US$M)
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