Benzoic Acid Market

By Form;

Powder and Granules

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 & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn138618328 Published Date: June, 2025 Updated Date: July, 2025

Benzoic Acid Market Overview

Benzoic Acid Market (USD Million)

Benzoic Acid Market was valued at USD 1,264.75 million in the year 2024. 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%.


Benzoic Acid Market

*Market size in USD million

CAGR 6.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.0 %
Market Size (2024)USD 1,264.75 Million
Market Size (2031)USD 1,901.72 Million
Market ConcentrationMedium
Report Pages307
1,264.75
2024
1,901.72
2031

Major Players

  • Ariha Chemicals
  • Emerald Performance Materials
  • Ganesh Benzoplast
  • Hemadri Chemicals
  • IG Petrochemicals
  • Krishna Chemicals

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Benzoic Acid Market

Fragmented - Highly competitive market without dominant players


The Benzoic Acid Market is gaining momentum due to its increasing use as a food preservative. Known for its ability to prevent microbial growth and extend shelf life, it now accounts for over 40% of usage in food-grade applications. As packaged food consumption rises, manufacturers are incorporating benzoic acid into a broader range of food products to ensure safety and stability.

Pharmaceutical Relevance on the Rise
Benzoic acid’s medicinal benefits are leading to its growing integration into pharmaceutical products. Around 15% of its market share is attributed to topical formulations and antifungal solutions. Its recognized safety and efficacy continue to make it a reliable ingredient for various healthcare and personal care items.

Shift Toward Sustainable Solutions
Environmental considerations are influencing the shift toward eco-friendly chemicals, with benzoic acid gaining traction for its biodegradable profile. Close to 10% of total usage now stems from sustainability-driven sectors, seeking non-toxic alternatives that comply with evolving regulations and consumer expectations.

Efficiency Gains Through Innovation
Enhanced production technologies are delivering better efficiency and purity levels in benzoic acid manufacturing. Companies report as much as a 20% increase in output by optimizing processing systems. These improvements are crucial in meeting growing demand while maintaining product consistency across industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-Use Industry
    4. Market Snapshot, By Region
  4. Benzoic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand in food preservation
        2. Increased use in pharmaceutical formulations
        3. Growing application in personal care products
        4. Expansion in plasticizer and alkyd resin industries
      2. Restraints
        1. Fluctuations in raw material availability
        2. Environmental concerns over synthetic production
        3. Health concerns with excessive consumption
        4. Regulatory restrictions on preservative usag
      3. Opportunities
        1. Growth in natural preservatives market
        2. Demand for eco-friendly chemical substitutes
        3. Emerging applications in industrial coatings
        4. Innovation in sustainable manufacturing processes
    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. Benzoic Acid Market, By Form, 2021 - 2031 (USD Million)
      1. Powder
      2. Granules
    2. 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
    3. Benzoic Acid Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Food & Beverages
      2. Chemical
      3. Pharmaceutical
      4. Others
    4. 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. Lanxess
      2. Plater Group
      3. Eastman Chemical Company
      4. Foodchem International Corporation
      5. Merck KGaA
      6. Ganesh Benzoplast Limited
      7. Anhui Primechem
      8. Sinteza S.A
      9. Choice Organochem LLP
      10. Spectrum Chemical
      11. Hemadri Chemicals
      12. Wuhan Youji Industries Co. Ltd
      13. Navyug Pharmachem Pvt Ltd
      14. PENTA s.r.o
  7. Analyst Views
  8. Future Outlook of the Market