Middle East & Africa Sodium Nitrite Market Size & Outlook
Middle East & Africa sodium nitrite market, 2018-2030 (US$M)
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MEA sodium nitrite market highlights
- The MEA sodium nitrite market generated a revenue of USD 3.7 million in 2023.
- The market is expected to grow at a CAGR of 3.7% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 3.7 million |
| Market revenue in 2030 | USD 4.7 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Other applications |
| 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, MEA region accounted for 0.9% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Sodium Nitrite Market Scope
Sodium Nitrite Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 29.73% in 2023. Horizon Databook has segmented the Middle East & Africa 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 rapid growth in processed food products is expected to drive the demand for the sodium nitrite market in the Middle East and Africa region. Sodium nitrite is in high demand due to an increase in demand for meat processed products. An increase in customers' per-capita income, changes in lifestyle, and purchasing patterns is driving demand for processed meat in the region.
An increase in the working population and awareness of health and wellness in the region is driving demand for these products which in turn is likely to have a positive impact on the market in the coming years. The pharmaceuticals industry in the Middle East region is on the boost with the increase in the geriatric population.
With the increase in health awareness of consumers post-COVID, the pharmaceutical industry of the region has seen an increase in consumer spending on drugs. In May 2021, 54 African countries co-sponsored the resolution on local medicine manufacturing, vaccines, and medical technologies which were presented at the WHO's health assembly.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa sodium nitrite market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa sodium nitrite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA sodium nitrite market size, by country, 2018-2030 (US$M)
Middle East & Africa Sodium Nitrite Market Outlook Share, 2023 & 2030 (US$M)
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