UK Sodium Benzoate Market Size & Outlook, 2023-2030
UK sodium benzoate market , 2018-2030 (US$M)
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UK sodium benzoate market highlights
- The UK sodium benzoate market generated a revenue of USD 9.8 million in 2023 and is expected to reach USD 14.4 million by 2030.
- The UK market is expected to grow at a CAGR of 5.6% 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.
Sodium benzoate market data book summary
| Market revenue in 2023 | USD 9.8 million |
| Market revenue in 2030 | USD 14.4 million |
| Growth rate | 5.6% (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, UK accounted for 2.3% 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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UK 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 58.16% in 2023. Horizon Databook has segmented the UK sodium benzoate market based on powder, granules covering the revenue growth of each sub-segment from 2018 to 2030.
The UK sodium benzoate market is expected to grow during the forecast period as the country is witnessing new product launches that have resulted in an increasing demand for preservatives used in food products and beverages.
In August 2023, a Germany-based startup, Holy announced a successful raising of funds worth USD 9.0 million to launch its eco-friendly powdered soft drinks in the UK and other countries of Europe. The energy drinks and iced tea of the company come in powdered form that consumers can use with water at home.
The brand claims to reduce packaging waste by 90% compared with its traditional rivals. Additionally, these drinks are low in sugar and calories and contain functional ingredients such as vitamins, nootropics, antioxidants, and fibers. It is worth noting that Holy uses sodium benzoate as one of the preservatives in its powdered energy drinks.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK sodium benzoate market , including forecasts for subscribers. This country databook contains high-level insights into UK sodium benzoate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK sodium benzoate market report size, by form, 2018-2030 (US$M)
UK Sodium Benzoate Market Share, 2023 & 2030 (US$M)
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