Global Benzoic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Benzoates, Benzoate Plasticizers, Alkyd Resins, Benzoyl Chloride, Animal Feed Additive, and Others.

By End-Use Industry;

Food & Beverages, Chemical, Pharmaceutical, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn138618328 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Benzoic Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Benzoic Acid Market was valued at USD 1,264.75 million. The size of this market is expected to increase to USD 1,901.72 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

The global benzoic acid market has experienced steady growth in recent years, driven by its widespread use across various industries. Benzoic acid, a white crystalline solid with a characteristic odor, is primarily derived from benzyl chloride or toluene oxidation. It finds extensive applications in industries such as food and beverages, chemicals, pharmaceuticals, and personal care products. As a versatile compound, benzoic acid serves as a preservative, intermediate in chemical synthesis, and flavoring agent, contributing to its widespread demand and market growth.

One of the primary drivers of the global benzoic acid market is its essential role as a preservative in the food and beverage industry. Benzoic acid and its sodium salt, sodium benzoate, are widely used to prevent microbial growth and extend the shelf life of various food and beverage products. With increasing consumer demand for convenience foods, ready-to-drink beverages, and processed snacks, the need for effective preservatives like benzoic acid continues to rise, thereby fueling market growth.

The pharmaceutical and personal care industries are significant consumers of benzoic acid, utilizing it in the formulation of drugs, cosmetics, and personal care products. Benzoic acid's antimicrobial properties make it a valuable ingredient in topical medications, skincare products, and oral hygiene items. Additionally, it serves as a precursor in the synthesis of various pharmaceutical compounds, contributing to its demand in the pharmaceutical sector. The expanding pharmaceutical and personal care markets, driven by factors such as population growth, rising healthcare expenditures, and changing consumer preferences, further drive the growth of the global benzoic acid market.

Technological advancements and innovations in benzoic acid production processes have contributed to market expansion. Manufacturers are increasingly adopting efficient and sustainable production methods, such as catalytic oxidation and bio-based processes, to meet the growing demand for benzoic acid while minimizing environmental impact. Additionally, stringent regulations governing food safety and product quality drive the demand for high-purity benzoic acid, prompting manufacturers to invest in advanced purification techniques and quality control measures. Overall, with its diverse applications and increasing demand from key end-use industries, the global benzoic acid market is poised for continued growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By End-Use Industry
    3. Market Snapshot, By Region
  4. Global Benzoic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Preservatives
        2. Expanding Pharmaceutical and Personal Care Industries
        3. Technological Advancements in Production
        4. Regulatory Compliance
      2. Restraints
        1. Health Concerns
        2. Fluctuating Raw Material Prices
        3. Environmental Regulations
        4. Competition from Substitutes
      3. Opportunities
        1. Emerging Markets
        2. Product Innovation
        3. Focus on Sustainability
        4. Strategic Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Benzoic Acid Market, By Application, 2021 - 2031 (USD Million)
      1. Benzoates
      2. Benzoate Plasticizers
      3. Alkyd Resins
      4. Benzoyl Chloride
      5. Animal Feed Additive
      6. Others.
    2. Global Benzoic Acid Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Food & Beverages
      2. Chemical, Pharmaceutical
      3. Others.
    3. Global Benzoic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ariha Chemicals
      2. Emerald Performance Materials
      3. Ganesh Benzoplast
      4. Hemadri Chemicals
      5. IG Petrochemicals
      6. Krishna Chemicals
  7. Analyst Views
  8. Future Outlook of the Market