Global Sodium Benzoate Market Size & Outlook
The sodium benzoate industry worldwide is expected to reach a projected revenue of US$ 633.8 million by 2030. A compound annual growth rate of 5.6% is expected of the worldwide sodium benzoate industry from 2024 to 2030.
Revenue, 2023 (US$M)
$431.5
Forecast, 2030 (US$M)
$633.8
CAGR, 2024 - 2030
5.6%
Report Coverage
Worldwide
Global sodium benzoate market , 2018-2030 (US$M)
Related Markets
Global sodium benzoate market highlights
- The global sodium benzoate market generated a revenue of USD 431.5 million in 2023 and is expected to reach USD 633.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.6% by 2030.
- In terms of segment, powder accounted for a revenue of USD 264.5 million in 2023.
- Powder is the most lucrative form segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 431.5 million |
| Market revenue in 2030 | USD 633.8 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Powder |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder, Granules |
Other key industry trends
- In terms of revenue, the North America accounted for 21.1% of the global sodium benzoate market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 11.7 million by 2030.
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Sodium Benzoate Market Scope
Sodium benzoate market segmentation & scope
Sodium Benzoate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 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 61.3% in 2023. Horizon Databook has segmented the Global sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Sodium Benzoate Form Outlook (Revenue, USD Million, 2018-2030)
- Powder
- Granules
- Others
- Global Sodium Benzoate Application Outlook (Revenue, USD Million, 2018-2030)
- Food & Beverages
- Pharmaceuticals
- Cosmetics
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global sodium benzoate market , including forecasts for subscribers. This global databook contains high-level insights into Global sodium benzoate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global sodium benzoate market report statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Sodium benzoate market report size, 2023 (USD Million)
Top 10 countries: Sodium benzoate market report size, 2023 (USD Million)
Global sodium benzoate market , by region, 2023 (US$M)
Related regional statistics
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