Brazil Sodium Nitrite Market Size & Outlook, 2023-2030
Brazil sodium nitrite market, 2018-2030 (US$M)
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Brazil sodium nitrite market highlights
- The Brazil sodium nitrite market generated a revenue of USD 3.9 million in 2023 and is expected to reach USD 5.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.5% 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 3.9 million |
| Market revenue in 2030 | USD 5.4 million |
| Growth rate | 4.5% (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, Brazil accounted for 1.0% 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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Brazil 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 25.64% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil is a major producer, consumer, and exporter of farm animal products. Brazilians consume 71% of beef, 76% of pork, 68% of poultry, and 70% of turkey produced in the country. Thus, the rising consumption of meat and beef in the country is anticipated to drive the processed meat segment which in turn is expected to have a positive impact on the sodium nitrite market in the coming years.
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Our clientele includes a mix of sodium nitrite market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil sodium nitrite market , including forecasts for subscribers. This country databook contains high-level insights into Brazil sodium nitrite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil sodium nitrite market size, by grade, 2018-2030 (US$M)
Brazil Sodium Nitrite Market Outlook Share, 2023 & 2030 (US$M)
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