The sodium benzoate market in the UK is expected to reach a projected revenue of US$ 14.4 million by 2030. A compound annual growth rate of 5.6% is expected of the UK sodium benzoate market from 2024 to 2030.
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.
The UK sodium benzoate market is expected to grow during the forecast period as the country is witnessing new product launches that have resulted in an increasing demand for preservatives used in food products and beverages.
In August 2023, a Germany-based startup, Holy announced a successful raising of funds worth USD 9.0 million to launch its eco-friendly powdered soft drinks in the UK and other countries of Europe. The energy drinks and iced tea of the company come in powdered form that consumers can use with water at home.
The brand claims to reduce packaging waste by 90% compared with its traditional rivals. Additionally, these drinks are low in sugar and calories and contain functional ingredients such as vitamins, nootropics, antioxidants, and fibers. It is worth noting that Holy uses sodium benzoate as one of the preservatives in its powdered energy drinks.
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 58.16% in 2023.
Horizon Databook has segmented the U.K. sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
The UK sodium benzoate market is expected to grow during the forecast period as the country is witnessing new product launches that have resulted in an increasing demand for preservatives used in food products and beverages.
In August 2023, a Germany-based startup, Holy announced a successful raising of funds worth USD 9.0 million to launch its eco-friendly powdered soft drinks in the UK and other countries of Europe. The energy drinks and iced tea of the company come in powdered form that consumers can use with water at home.
The brand claims to reduce packaging waste by 90% compared with its traditional rivals. Additionally, these drinks are low in sugar and calories and contain functional ingredients such as vitamins, nootropics, antioxidants, and fibers. It is worth noting that Holy uses sodium benzoate as one of the preservatives in its powdered energy drinks.
U.K. Sodium Benzoate Market Form Outlook (Revenue, USD Million , 2018-2030)
Powder
Granules
Others
U.K. Sodium Benzoate Market Application Outlook (Revenue, USD Million , 2018-2030)
Food & Beverages
Pharmaceuticals
Cosmetics
Others
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