India Benzoic Acid Market (2025-2031) Outlook | Forecast, Value, Industry, Companies, Share, Revenue, Size, Analysis, Growth & Trends
Market Forecast By End-use Industry (Food & Beverages, Chemical, Pharmaceutical), By Application (Benzoates, Benzoate plasticizers, Benzoyl Chloride, Alkyd Resins, Animal Feed Additive) And Competitive Landscape
| Product Code: ETC093643 | Publication Date: Aug 2023 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Benzoic Acid Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, India continued to rely heavily on imports of benzoic acid, with top exporting countries being China, Netherlands, Taiwan, Japan, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a moderate Compound Annual Growth Rate (CAGR) of 6.2% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -3.87%. This data suggests a stable but slightly slowing trend in benzoic acid imports to India, with key players maintaining their positions in the market.
India Benzoic Acid Market Synopsis
The India Benzoic Acid market is expected to grow at a CAGR of 5.8 % from 2025 to 2031. The growth in the market can be attributed to its increasing demand across various industries such as food and beverages, pharmaceuticals, and cosmetics. Additionally, rising awareness about the preservative properties of Benzoic acid among manufacturers in developing countries like India is also contributing to the growth of this market. Furthermore, factors like increased use of benzoic acid in medicine manufacturing due to its anti fungal properties & low cost are augmenting the demand for this chemical compound all over world including India.
Market Drivers
The growth of the India benzoic acid market is driven by the rise in demand for food preservatives and pharmaceuticals. Benzoic acid has been used as a food preservative since ancient times, and its use as an anti-fungal agent in various products has increased substantially over the years. Additionally, increasing consumer awareness regarding healthy eating habits is also driving demand for processed foods with fewer additives, which presents a great opportunity for benzoic acid manufacturers to capitalize on this trend. Furthermore, growing applications of benzoic acid in personal care products such as deodorants and antiperspirants are likely to bolster market growth in the near future. The ever-growing global population combined with rising disposable incomes will further drive the expansion of this market over the coming years.
Challenges of the Market
Certain regulations by government bodies such as FDA & ECHA on usage of certain concentration levels might pose some challenge for national players operating in India Benzoic Acid market during forecast period. Also availability of alternative substitutes with similar attributes & functions may slightly hamper this markets progress throughout assessment period.
Key Players in the Market
Some prominent players operating within India Benzoic Acid Market include BASF SE (Germany), Akzonobel N V (Netherlands), Ashland Global Holdings Inc.(UAS) , Solvay SA(Belgium) ,Jubilant Life Sciences Ltd (India), Gujarat Alkalis and Chemicals Ltd (India).
Key Highlights of the Report:
- India Benzoic Acid Market Outlook
- Market Size of India Benzoic Acid Market, 2024
- Forecast of India Benzoic Acid Market, 2031
- Historical Data and Forecast of India Benzoic Acid Revenues & Volume for the Period 2021-2031
- India Benzoic Acid Market Trend Evolution
- India Benzoic Acid Market Drivers and Challenges
- India Benzoic Acid Price Trends
- India Benzoic Acid Porter's Five Forces
- India Benzoic Acid Industry Life Cycle
- Historical Data and Forecast of India Benzoic Acid Market Revenues & Volume By End-use Industry for the Period 2021-2031
- Historical Data and Forecast of India Benzoic Acid Market Revenues & Volume By Food & Beverages for the Period 2021-2031
- Historical Data and Forecast of India Benzoic Acid Market Revenues & Volume By Chemical for the Period 2021-2031
- Historical Data and Forecast of India Benzoic Acid Market Revenues & Volume By Pharmaceutical for the Period 2021-2031
- Historical Data and Forecast of India Benzoic Acid Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of India Benzoic Acid Market Revenues & Volume By Benzoates for the Period 2021-2031
- Historical Data and Forecast of India Benzoic Acid Market Revenues & Volume By Benzoate plasticizers for the Period 2021-2031
- Historical Data and Forecast of India Benzoic Acid Market Revenues & Volume By Benzoyl Chloride for the Period 2021-2031
- Historical Data and Forecast of India Benzoic Acid Market Revenues & Volume By Alkyd Resins for the Period 2021-2031
- Historical Data and Forecast of India Benzoic Acid Market Revenues & Volume By Animal Feed Additive for the Period 2021-2031
- India Benzoic Acid Import Export Trade Statistics
- Market Opportunity Assessment By End-use Industry
- Market Opportunity Assessment By Application
- India Benzoic Acid Top Companies Market Share
- India Benzoic Acid Competitive Benchmarking By Technical and Operational Parameters
- India Benzoic Acid Company Profiles
- India Benzoic Acid Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the India Benzoic Acid Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Benzoic Acid Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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