Germany Sodium Benzoate Market Size & Outlook, 2023-2030
Germany sodium benzoate market , 2018-2030 (US$M)
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Germany sodium benzoate market highlights
- The Germany sodium benzoate market generated a revenue of USD 18.6 million in 2023 and is expected to reach USD 27.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.9% 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 18.6 million |
| Market revenue in 2030 | USD 27.7 million |
| Growth rate | 5.9% (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, Germany accounted for 4.3% 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 |
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Germany 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 55.38% in 2023. Horizon Databook has segmented the Germany sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
Sodium benzoate market in Germany is projected to grow over the forecast period. The growth of the market can be attributed to the rising consumption of preservatives in the food & beverage, pharmaceuticals, and cosmetics industries in the country.
Sodium benzoate is known for its property of inhibiting the growth of microorganisms and protecting products. The latest sales statistics released by Deutsches Frozen Institute e. V. (dti) showed a record-breaking annual sales figure for frozen food in Germany in 2022, including both, the food retail/home services (LEH) and out-of-home (AHM) sales markets.
According to these statistics, the per capita consumption of frozen food in Germany increased to 47.7 kilograms in 2022 from 46.1 kilograms in 2021. Similarly, the consumption of frozen food per household has also witnessed a notable rise of 4.1 kilograms in Germany, thereby reaching 96.4 kilograms in 2022 compared with 92.3 kilograms in 2021.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany sodium benzoate market , including forecasts for subscribers. This country databook contains high-level insights into Germany sodium benzoate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany sodium benzoate market report size, by form, 2018-2030 (US$M)
Germany Sodium Benzoate Market Share, 2023 & 2030 (US$M)
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