Middle East & Africa Sodium Benzoate Market Size & Outlook
Middle East & Africa sodium benzoate market , 2018-2030 (US$M)
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MEA sodium benzoate market highlights
- The MEA sodium benzoate market generated a revenue of USD 32.6 million in 2023.
- The market is expected to grow at a CAGR of 4.6% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 32.6 million |
| Market revenue in 2030 | USD 44.6 million |
| Growth rate | 4.6% (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 |
| 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, MEA region accounted for 7.6% of the global sodium benzoate market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 294.8 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Sodium Benzoate Market Scope
Sodium Benzoate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 59.82% in 2023. Horizon Databook has segmented the Middle East & Africa sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
The sodium benzoate market is projected to grow in the Middle East & Africa over the forecast period. The growth of the market in this region can be attributed to the surging trend of consuming packaged food & beverages in the Middle East & Africa owing to innovations in processing techniques that help extend the shelf life of these products.
Changes in food consumption patterns in the region can also be attributed to the increased working population in the Middle East & Africa. Moreover, due to the convenience of purchase, easy availability and transportation, and ready-to-eat features, packaged food & beverages are becoming increasingly popular, particularly among the urban population in the region.
They are also increasingly consumed in the Middle East & Africa due to their hygienic nature. Packaged food & beverages are convenient to consume and carry a reduced risk of tampering and adulteration.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa sodium benzoate market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa sodium benzoate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA sodium benzoate market report size, by country, 2018-2030 (US$M)
Middle East & Africa Sodium Benzoate Market Share, 2023 & 2030 (US$M)
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