India Sodium Benzoate Market Size & Outlook, 2023-2030
India sodium benzoate market , 2018-2030 (US$M)
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India sodium benzoate market highlights
- The India sodium benzoate market generated a revenue of USD 65.6 million in 2023 and is expected to reach USD 100.1 million by 2030.
- The India market is expected to grow at a CAGR of 6.2% 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 65.6 million |
| Market revenue in 2030 | USD 100.1 million |
| Growth rate | 6.2% (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, India accounted for 15.2% 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.
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Sodium Benzoate Market Scope
Sodium Benzoate Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 66.16% in 2023. Horizon Databook has segmented the India sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
India sodium benzoate market is growing over the forecast period owing to the rise in demand for sodium benzoate from food & beverage industry. The use of sodium benzoate in the industry is growing as it inhibits the growth of microorganisms in food and beverage products.
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Following Coca-Cola Zero Sugars success and popularity in the UK, North America, Turkey, LATAM, and ASEAN regions along with over 120 markets worldwide. CocaCola Zero Sugar is available nationwide in packs of 250ml PET bottles and 300ml cans.
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Horizon Databook provides a detailed overview of country-level data and insights on the India sodium benzoate market , including forecasts for subscribers. This country databook contains high-level insights into India sodium benzoate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India sodium benzoate market report size, by form, 2018-2030 (US$M)
India Sodium Benzoate Market Share, 2023 & 2030 (US$M)
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