| Product Code: ETC4705618 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The New Zealand benzoic acid import market saw a significant increase in concentration in 2024, with top exporting countries being Singapore, China, Germany, Netherlands, and Australia. This rise in concentration is reflected in the high Herfindahl-Hirschman Index (HHI) indicating a competitive landscape dominated by a few key players. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the past five years remains strong at 15.51%, showcasing a steady upward trend in demand for benzoic acid in New Zealand.

By 2027, the Benzoic Acid market in New Zealand is anticipated to reach a growth rate of 1.89%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

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 New Zealand Benzoic Acid Market Overview |
3.1 New Zealand Country Macro Economic Indicators |
3.2 New Zealand Benzoic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 New Zealand Benzoic Acid Market - Industry Life Cycle |
3.4 New Zealand Benzoic Acid Market - Porter's Five Forces |
3.5 New Zealand Benzoic Acid Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
3.6 New Zealand Benzoic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 New Zealand Benzoic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for packaged food and beverages in New Zealand |
4.2.2 Growing awareness about the benefits of benzoic acid in food preservation |
4.2.3 Rise in the pharmaceutical industry leading to higher demand for benzoic acid for medicinal purposes |
4.3 Market Restraints |
4.3.1 Stringent regulations and standards for the use of food additives in New Zealand |
4.3.2 Health concerns related to the excessive consumption of benzoic acid in food products |
5 New Zealand Benzoic Acid Market Trends |
6 New Zealand Benzoic Acid Market Segmentations |
6.1 New Zealand Benzoic Acid Market, By End-use Industry |
6.1.1 Overview and Analysis |
6.1.2 New Zealand Benzoic Acid Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.1.3 New Zealand Benzoic Acid Market Revenues & Volume, By Chemical, 2021-2031F |
6.1.4 New Zealand Benzoic Acid Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2 New Zealand Benzoic Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 New Zealand Benzoic Acid Market Revenues & Volume, By Benzoates, 2021-2031F |
6.2.3 New Zealand Benzoic Acid Market Revenues & Volume, By Benzoate plasticizers, 2021-2031F |
6.2.4 New Zealand Benzoic Acid Market Revenues & Volume, By Benzoyl Chloride, 2021-2031F |
6.2.5 New Zealand Benzoic Acid Market Revenues & Volume, By Alkyd Resins, 2021-2031F |
6.2.6 New Zealand Benzoic Acid Market Revenues & Volume, By Animal Feed Additive, 2021-2031F |
7 New Zealand Benzoic Acid Market Import-Export Trade Statistics |
7.1 New Zealand Benzoic Acid Market Export to Major Countries |
7.2 New Zealand Benzoic Acid Market Imports from Major Countries |
8 New Zealand Benzoic Acid Market Key Performance Indicators |
8.1 Average price of benzoic acid in New Zealand |
8.2 Number of new product launches containing benzoic acid |
8.3 Investment in research and development for innovative applications of benzoic acid |
9 New Zealand Benzoic Acid Market - Opportunity Assessment |
9.1 New Zealand Benzoic Acid Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
9.2 New Zealand Benzoic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 New Zealand Benzoic Acid Market - Competitive Landscape |
10.1 New Zealand Benzoic Acid Market Revenue Share, By Companies, 2024 |
10.2 New Zealand Benzoic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |