Japan Sodium Benzoate   Market Size & Outlook, 2023-2030

The sodium benzoate market  in Japan is expected to reach a projected revenue of US$ 21.8 million by 2030. A compound annual growth rate of 5.8% is expected of Japan sodium benzoate market  from 2024 to 2030.
Revenue, 2023 (US$M)
$14.7
Forecast, 2030 (US$M)
$21.8
CAGR, 2024 - 2030
5.8%
Report Coverage
Japan

Japan sodium benzoate market  highlights

  • The Japan sodium benzoate market  generated a revenue of USD 14.7 million in 2023 and is expected to reach USD 21.8 million by 2030.
  • The Japan market is expected to grow at a CAGR of 5.8% 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 2023USD 14.7 million
Market revenue in 2030USD 21.8 million
Growth rate5.8% (CAGR from 2023 to 2030)
Largest segmentPowder
Fastest growing segmentPowder
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPowder, Granules
Key market players worldwideFoodchem 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, Japan accounted for 3.4% 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  Companies

Name Profile # Employees HQ Website

Japan 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 61.22% in 2023. Horizon Databook has segmented the Japan sodium benzoate market  based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.


Sodium benzoate is a preservative frequently used in Japanese foods and cosmetics. It is also utilized as a fragrance ingredient and corrosion inhibitor in cosmetics and personal care products. Sodium benzoate is majorly used in pharmaceutical industry of Japan.

For instance, in September 2022, Fosun Pharma and MAIA Pharmaceuticals jointly announced the successful commercialization of a 20ml sodium phenylacetate and sodium benzoate (SPSB) liquid product approved by the FDA.

This product is intended to be used in cases where 50ml SPSB is prescribed, mostly in pediatric settings. Using 50ml SPSB often results in extensive wastage, a huge cost to the healthcare system. SBSP is available in 20ml and 50ml vial sizes but only MAIA Pharmaceuticals has received FDA approval for the 20ml vial size for SPSB. This has boosted the demand for sodium benzoate in the country.

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Horizon Databook provides a detailed overview of country-level data and insights on the Japan sodium benzoate market , including forecasts for subscribers. This country databook contains high-level insights into Japan sodium benzoate market  from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Japan sodium benzoate market report size, by form, 2018-2030 (US$M)

Japan Sodium Benzoate Market  Share, 2023 & 2030 (US$M)

Japan sodium benzoate market report size, by form, 2018-2030 (US$M)

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