Latin America Sodium Nitrite Market Size & Outlook
Latin America sodium nitrite market, 2018-2030 (US$M)
Related Markets
Latin America sodium nitrite market highlights
- The Latin America sodium nitrite market generated a revenue of USD 7.5 million in 2023.
- The 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 7.5 million |
| Market revenue in 2030 | USD 9.7 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Food & beverages |
| Fastest growing segment | Other Applications |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 1.8% of the global sodium nitrite 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 429.4 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Sodium Nitrite Market Scope
Sodium Nitrite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 25.33% in 2023. Horizon Databook has segmented the Latin America 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.
The food & beverage, and pharmaceutical are the major industry impacting the growth of sodium nitrite in the region. The sodium nitrite market is predicted to grow steadily in the coming years as demand for easy to eat and convenient meals rises, resulting in increased meat processing activity. Protein demand is increasing as people are becoming more aware of the importance of eating nutrient rich foods.
The working class in developed sections of the region has developed a penchant for processed foods as a result of their fast-paced existence. Furthermore, with an increasing number of people going to the gym in Brazil, and Argentina, demand for animal-based protein has skyrocketed in recent years.
On the other hand, the pharmaceutical sector is also a majorly growing sector in the region. Health awareness among people has increased post COVID which has driven the pharmaceutical sector in Brazil, Argentina, and other countries. An increase in spending on personal health has impacted demand for generic medicines, and OTC medicines, which in turn is having a positive demand on sodium nitrite.
Reasons to subscribe to Latin America sodium nitrite market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America sodium nitrite market databook
-
Our clientele includes a mix of sodium nitrite market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America sodium nitrite market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America sodium nitrite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America sodium nitrite market size, by country, 2018-2030 (US$M)
Latin America Sodium Nitrite Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
