Product Code: ETC13150108 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Benzoic Acid Market was valued at USD 1.1 Billion in 2024 and is expected to reach USD 1.5 Billion by 2031, growing at a compound annual growth rate of 4.90% during the forecast period (2025-2031).
The global benzoic acid market is expected to witness steady growth, driven by its wide range of applications in industries such as food and beverages, pharmaceuticals, and chemicals. Increasing demand for benzoic acid as a preservative in food products, particularly in the Asia-Pacific region, along with its use in the production of various chemicals and as a precursor in the manufacturing of plasticizers, is anticipated to boost market growth. Additionally, the rising awareness regarding the use of benzoic acid in personal care products for its antimicrobial properties is contributing to market expansion. Key players in the global benzoic acid market include Emerald Kalama Chemical, Eastman Chemical Company, and Merck KGaA. Overall, the market is projected to show consistent growth in the coming years due to its diverse applications across multiple industries.
The Global Benzoic Acid Market is experiencing growth due to the increasing demand for the compound in various industries such as food and beverage, pharmaceuticals, and personal care products. The rising awareness about the benefits of benzoic acid as a preservative, flavoring agent, and intermediate in the production of various chemicals is driving market growth. Additionally, the expanding use of benzoic acid in the manufacturing of plasticizers and alkyd resins is creating new opportunities for market players. The market is also witnessing a trend towards the development of bio-based benzoic acid to cater to the growing demand for sustainable products. Overall, the market is expected to continue its growth trajectory in the coming years, presenting lucrative opportunities for companies operating in the benzoic acid industry.
The Global Benzoic Acid Market faces several challenges, including fluctuating raw material prices, stringent government regulations regarding food safety and additives, and increasing competition from alternative preservatives. The volatility in raw material prices, especially for toluene and benzene, can impact the production costs and profit margins of benzoic acid manufacturers. Regulatory bodies imposing strict guidelines on the usage of benzoic acid in food and beverage products also pose a challenge for market growth. Additionally, the rising consumer demand for natural and organic products has led to the development and adoption of alternative preservatives, which can potentially reduce the market share of benzoic acid in various applications. Overall, navigating these challenges will require market players to innovate, adapt to changing regulations, and focus on sustainable practices to maintain a competitive edge in the Global Benzoic Acid Market.
The global benzoic acid market is primarily driven by the increasing demand for the compound in the food and beverage industry as a preservative due to its antimicrobial properties. Additionally, the growing use of benzoic acid in the production of phenol and caprolactam, which are key raw materials for various industrial applications, is fueling market growth. The rising demand for benzoic acid in the pharmaceutical sector for its antifungal and antibacterial properties further contributes to market expansion. Moreover, the shifting consumer preferences towards organic and natural ingredients in personal care products and cosmetics are expected to drive the market, as benzoic acid is commonly used as a fragrance ingredient and preservative in these products. Overall, the increasing applications across various industries and the demand for convenience foods are key drivers propelling the growth of the global benzoic acid market.
Government policies related to the Global Benzoic Acid Market vary by country and region. In general, regulatory authorities such as the FDA in the United States and the European Food Safety Authority (EFSA) in Europe set maximum residue limits and safety standards for benzoic acid used in food and beverage products to ensure consumer safety. Additionally, governments may impose tariffs or trade restrictions that can impact the import and export of benzoic acid. Environmental regulations regarding the disposal and production of benzoic acid also play a role in shaping the market dynamics. Overall, government policies aim to balance consumer protection, industry regulations, and environmental considerations within the Global Benzoic Acid Market.
The Global Benzoic Acid Market is expected to witness steady growth in the coming years, driven by the increasing demand for the compound in various industries such as food & beverage, pharmaceuticals, and personal care. The market is likely to be propelled by the rising adoption of benzoic acid as a preservative in food products and as a key ingredient in the production of various medications and personal care products. Additionally, the growing trend towards natural and clean-label products is expected to further boost the demand for benzoic acid as a safe and effective preservative. Technological advancements and innovations in production processes are also anticipated to contribute to market growth. However, regulatory restrictions and concerns regarding the safety of benzoic acid in certain applications may pose challenges to market expansion.
In the Global Benzoic Acid Market, Asia is expected to dominate due to the presence of key manufacturing hubs like China and India. North America is projected to witness steady growth driven by the increasing demand for benzoic acid in the food and beverage sector. Europe is anticipated to show moderate growth owing to the strict regulations on the usage of benzoic acid in food products. The Middle East and Africa region is likely to experience a gradual increase in demand, primarily fueled by the expanding personal care and pharmaceutical industries. Latin America is expected to register a notable growth rate due to the rising consumption of benzoic acid in the food preservation sector and the expanding pharmaceutical industry in the region.
Global Benzoic Acid Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Benzoic Acid Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Benzoic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Global Benzoic Acid Market - Industry Life Cycle |
3.4 Global Benzoic Acid Market - Porter's Five Forces |
3.5 Global Benzoic Acid Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Benzoic Acid Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
3.7 Global Benzoic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Benzoic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Benzoic Acid Market Trends |
6 Global Benzoic Acid Market, 2021 - 2031 |
6.1 Global Benzoic Acid Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Benzoic Acid Market, Revenues & Volume, By Food & Beverages, 2021 - 2031 |
6.1.3 Global Benzoic Acid Market, Revenues & Volume, By Chemical, 2021 - 2031 |
6.1.4 Global Benzoic Acid Market, Revenues & Volume, By Pharmaceutical, 2021 - 2031 |
6.2 Global Benzoic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Benzoic Acid Market, Revenues & Volume, By Benzoates, 2021 - 2031 |
6.2.3 Global Benzoic Acid Market, Revenues & Volume, By Benzoate plasticizers, 2021 - 2031 |
6.2.4 Global Benzoic Acid Market, Revenues & Volume, By Benzoyl Chloride, 2021 - 2031 |
6.2.5 Global Benzoic Acid Market, Revenues & Volume, By Alkyd Resins, 2021 - 2031 |
6.2.6 Global Benzoic Acid Market, Revenues & Volume, By Animal Feed Additive, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Benzoic Acid Market, Overview & Analysis |
7.1 North America Benzoic Acid Market Revenues & Volume, 2021 - 2031 |
7.2 North America Benzoic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Benzoic Acid Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
7.4 North America Benzoic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Benzoic Acid Market, Overview & Analysis |
8.1 Latin America (LATAM) Benzoic Acid Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Benzoic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Benzoic Acid Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
8.4 Latin America (LATAM) Benzoic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Benzoic Acid Market, Overview & Analysis |
9.1 Asia Benzoic Acid Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Benzoic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Benzoic Acid Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
9.4 Asia Benzoic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Benzoic Acid Market, Overview & Analysis |
10.1 Africa Benzoic Acid Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Benzoic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Benzoic Acid Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
10.4 Africa Benzoic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Benzoic Acid Market, Overview & Analysis |
11.1 Europe Benzoic Acid Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Benzoic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Benzoic Acid Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
11.4 Europe Benzoic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Benzoic Acid Market, Overview & Analysis |
12.1 Middle East Benzoic Acid Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Benzoic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Benzoic Acid Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Benzoic Acid Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
12.4 Middle East Benzoic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Benzoic Acid Market Key Performance Indicators |
14 Global Benzoic Acid Market - Export/Import By Countries Assessment |
15 Global Benzoic Acid Market - Opportunity Assessment |
15.1 Global Benzoic Acid Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Benzoic Acid Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
15.3 Global Benzoic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Benzoic Acid Market - Competitive Landscape |
16.1 Global Benzoic Acid Market Revenue Share, By Companies, 2024 |
16.2 Global Benzoic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |