How big is the benzoic acid market | Growth & Insights

Q: How big is the benzoic acid market?

The benzoic acid market is projected to reach USD 1.5 billion by 2031.

Q: Which end-use industry holds the largest share in the benzoic acid market?

The food and beverage industry dominates due to widespread use of benzoic acid as a preservative.

Q: Which region leads the worldwide benzoic acid market?

Asia-Pacific is the leading region due to high demand from industrial and food processing sectors.

Q: What are the major challenges in the benzoic acid market?

Fluctuating raw material prices and regulatory scrutiny on synthetic preservatives pose challenges.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5901

Publication Date: Jul 2025

How big is the benzoic acid market?

According to 6Wresearch internal database and industry insights, the Global Benzoic Acid Market was valued at USD 1.1 Billion in 2024 and is projected to reach USD 1.5 Billion by 2031, growing at a CAGR of 4.90% during the forecast period.

This growth is driven by the rising demand from the food and beverage industry as a preservative, expansion in pharmaceutical and personal care applications, and increasing use in alkyd resin production for paints and coatings. Industrial demand for benzoate plasticizers and the shift toward packaged foods are also accelerating market growth.

View Main Report

Schedule Analyst Call

Key Growth Factors of the Benzoic Acid Market

Expanding food and beverage industry driving preservative usage
Growing applications in pharmaceutical and cosmetic formulations
Increasing demand for alkyd resins in paints and coatings
Rising consumption of processed and packaged food worldwide
Usage of benzoic acid in the synthesis of benzoyl chloride and benzoate plasticizers
Regulatory approvals enhancing worldwide trade and formulation usage

Benzoic Acid Market Trends

The market is seeing increased adoption of benzoic acid derivatives in niche pharmaceutical applications. Demand for high-purity grades in cosmetics is also on the rise. Key players are investing in capacity expansion, especially in Asia-Pacific. Food preservation and antimicrobial applications continue to dominate consumption, while environmentally friendly plasticizer production is emerging as a key focus area.

Emerging Developments in the Benzoic Acid Market

Green production methods and bio-based feedstocks are gaining attention. Manufacturers are investing in advanced purification technologies. Emerging markets are increasing local manufacturing to reduce imports. Innovations in benzoic acid derivatives are enabling customized solutions for cosmetics and pharma. Strategic partnerships for raw material sourcing are strengthening value chains.