South Africa Sodium Nitrite Market Size & Outlook
South Africa sodium nitrite market, 2018-2030 (US$M)
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South Africa sodium nitrite market highlights
- The South Africa sodium nitrite market generated a revenue of USD 0.9 million in 2023 and is expected to reach USD 1.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.3% 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 0.9 million |
| Market revenue in 2030 | USD 1.1 million |
| Growth rate | 3.3% (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, South Africa 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 Middle East & Africa, South Africa sodium nitrite market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1.1 million by 2030.
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Sodium Nitrite Market Scope
Sodium Nitrite Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 33.33% in 2023. Horizon Databook has segmented the South 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.
According to the International Trade Administration, South Africa is the largest pharmaceutical market. Factors such as the availability of advanced surgical technologies and public-private partnerships in developing local manufacturing for medical medicines are predicted to boost the growth of the pharmaceutical sector in the country which is expected to boost the growth of the sodium nitrite market over the predicted years.
The country consumes around 2.9 million tons of pork, poultry, and beef per annum. As per the estimates of the Bureau for Food and Agriculture, the country will witness an increase of 38% in poultry consumption, 33% in pork consumption, and 28% in beef consumption. This is expected to drive the processed meat industry which in turn will fuel 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 South Africa sodium nitrite market , including forecasts for subscribers. This country databook contains high-level insights into South Africa sodium nitrite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa sodium nitrite market size, by grade, 2018-2030 (US$M)
South Africa Sodium Nitrite Market Outlook Share, 2023 & 2030 (US$M)
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