Argentina Sodium Nitrite Market Size & Outlook, 2023-2030
Argentina sodium nitrite market, 2018-2030 (US$M)
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Argentina sodium nitrite market highlights
- The Argentina sodium nitrite market generated a revenue of USD 0.7 million in 2023 and is expected to reach USD 1.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, food & beverages was the largest revenue generating grade in 2023.
- Other Applications is the most lucrative grade segment registering the fastest growth during the forecast period.
Sodium nitrite market data book summary
| Market revenue in 2023 | USD 0.7 million |
| Market revenue in 2030 | USD 1.0 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Food & beverages |
| Fastest growing segment | Other Applications |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverages, Corrosion Inhibitors, Dyes & pigments, Pharmaceuticals, Other Applications |
| Key market players worldwide | ICL Group Ltd, Basf SE, SABIC, Deepak Fertilisers, Jiangsu Fengshan Group, UralChem, Radiant Indus Chem |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.2% of the global sodium nitrite market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil sodium nitrite market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 5.4 million by 2030.
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Sodium Nitrite Market Scope
Sodium Nitrite Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina sodium nitrite 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 nitrite market will help companies and investors design strategic landscapes.
Food & beverages was the largest segment with a revenue share of 28.57% in 2023. Horizon Databook has segmented the Argentina sodium nitrite market based on food & beverages, corrosion inhibitors, dyes & pigments, pharmaceuticals, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Chamber of Industry and Commerce of Meats & Derivatives, the per capita consumption of beef in the country in 2021 was 47.6 kg. The meat processing industry slaughtered around 12,967 million cattle in 2021. Argentina is amongst the top five poultry meat consumption countries in the world.
The meat is kept fresh by a process called curing, which includes adding salt and sodium nitrite to preserve it. An increase in health awareness of protein food among youngsters in the country is driving demand for animal-based protein food. This is likely to boost the demand for sodium nitrite in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina sodium nitrite market , including forecasts for subscribers. This country databook contains high-level insights into Argentina sodium nitrite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina sodium nitrite market size, by grade, 2018-2030 (US$M)
Argentina Sodium Nitrite Market Outlook Share, 2023 & 2030 (US$M)
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