Germany Sodium Nitrite Market Size & Outlook, 2023-2030
Germany sodium nitrite market, 2018-2030 (US$M)
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Germany sodium nitrite market highlights
- The Germany sodium nitrite market generated a revenue of USD 13.7 million in 2023 and is expected to reach USD 16.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 3% from 2024 to 2030.
- In terms of segment, other applications 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 13.7 million |
| Market revenue in 2030 | USD 16.8 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Other applications |
| 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, Germany accounted for 3.3% 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 Europe, Germany sodium nitrite market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 11.3 million by 2030.
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Sodium Nitrite Market Scope
Sodium Nitrite Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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.
Other applications was the largest segment with a revenue share of 26.28% in 2023. Horizon Databook has segmented the Germany 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.
Germany is the dominating market for sodium nitrite in Europe, followed by UK and France. This is due to the fact that the country is the market leader in pork production and exports, as well as the second-largest producer of beef after France. The processed meat business in Germany is brimming with potential in the beef, poultry, hog, and sheep meat industries.
The growing need for protein-based food items, rising consumer desire for easy food products, and rising poultry meat consumption are the major driving factors of the industry. Processed minced beef has risen in popularity as a percentage of total beef volume sold, owing to its cheaper cost and adaptability in modern cuisines.
The rising popularity of cooking sauces is a major factor contributing to the rise in mince beef sales. Factors such as increasing demand for convenience foods and an increase in disposable income are also contributing to the expansion of the processed meat industry in Germany, which in turn in driving the demand for sodium nitrite in food and beverage applications.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany sodium nitrite market , including forecasts for subscribers. This country databook contains high-level insights into Germany sodium nitrite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany sodium nitrite market size, by grade, 2018-2030 (US$M)
Germany Sodium Nitrite Market Outlook Share, 2023 & 2030 (US$M)
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