Italy Sodium Benzoate Market Size & Outlook, 2023-2030
Italy sodium benzoate market , 2018-2030 (US$M)
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Italy sodium benzoate market highlights
- The Italy sodium benzoate market generated a revenue of USD 7.3 million in 2023 and is expected to reach USD 10.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.4% 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 7.3 million |
| Market revenue in 2030 | USD 10.6 million |
| Growth rate | 5.4% (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, Italy accounted for 1.7% 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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Italy 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 56.16% in 2023. Horizon Databook has segmented the Italy sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
The Italian cuisine has long been renowned for its delicious and authentic flavors, rich history, and cultural significance. From traditional dishes such as pasta and pizza to indulgent desserts such as gelato, Italian food is loved and savored by people across the world.
However, with changing times and lifestyles, there has been a growing demand for convenience and healthy food options that have led to a rise in the popularity of processed snacks in the country. In April 2022, a study conducted by the Italian Institute of Frozen Foods (IIAS), in collaboration with BVA Doxa, revealed that since 2020, approximately 54% of consumers in the country have significantly increased their consumption of processed frozen food.
The study also suggests that this trend is more prevalent in the southern region of Italy than in its northern region. Additionally, it has also been found that young people and families with young children are prone to increasing their consumption of processed frozen food in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy sodium benzoate market , including forecasts for subscribers. This country databook contains high-level insights into Italy sodium benzoate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy sodium benzoate market report size, by form, 2018-2030 (US$M)
Italy Sodium Benzoate Market Share, 2023 & 2030 (US$M)
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