Benzoic Acid Market: Summary
The Global Benzoic Acid Market is projected to reach a value of over USD 1.5 billion by 2027 at a CAGR of around 4.7%.
Benzoic acid is the simplest aromatic carboxylic acid with various functional properties, including antifungal and antibacterial properties, which have made it popular in a number of end-use industries. It is naturally found in several of fruits such as plums, prunes, raspberries, cranberries, and is primarily used in the food and beverage, chemical, and pharmaceutical industry.
Benzoic Acid Market: Drivers & Challenges
- Rising Demand for Benzoic Acid from the Food & Beverages Industry
The growing demand for preserved and packaged food from the global consumer demographic is likely to drive the demand for benzoic acid as an effective natural preservative. In the food & beverages industry benzoic acid and its sodium, potassium, or calcium salts are used as a food preservative due to their effective antifungal property. Benzoic acid is particularly useful in warding off mold and yeast, though it also has a minor protective effect against bacteria. Benzoic acid’s salt is commonly used as a pH adjustor and preservative in food, preventing the growth of microbes to keep food safe. Acidic food or beverages, such as sparkling drinks, majorly require benzoic acid, as benzoic acid is more effective in an acidic pH. Thus, the growing demand for such beverages, including soft drinks and fruit juices, as well as acidic foods such as pickles and pickled food items, is likely to drive the global benzoic acid market over the forecast period.
Benzoic Acid Market: Key Segments
- Segmentation based on application: Benzoates, Benzoate Plasticizers, Alkyd Resins, Benzoyl Chloride, Animal Feed Additive, and Others
- Segmentation based on end-use industry: Food & Beverages, Chemical, Pharmaceutical, and Others
- Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.
Benzoic Acid Market: Report Scope
The report on the Benzoic Acid market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2021-2027 (2021 estimated year, forecasted up to 2027)
Value (USD Million) and Volume (Kiloton)
Application, End-Use Industry, and Region
North America, Asia-Pacific, Europe, Middle East & Africa, South America
Key Companies Covered
- Ganesh Benzoplast Limited. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Hemadri Chemicals
- Emerald Performance Materials
- Navyug Pharmachem (P) Ltd.
- Eastman Chemical Company
- Tianjin Dongda Chemical Group Co. Ltd.
- Alfa Aesar, Thermo Fisher Scientific
- GFS Chemicals Inc.
- Wuhan YouJi Industries Company Limited
- Spectrum Chemical Manufacturing Corp.
- MP Biomedicals LLC
- Choice Organochem LLP
- Other Key Companies
Benzoic Acid Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Benzoic Acid Market, by Application
Benzoic Acid Market, by Crop Type
- Benzoate Plasticizers
- Alkyd Resins
- Benzoyl Chloride
- Animal Feed Additive
Benzoic Acid Market, by End-Use Industry
- Food & Beverages
Benzoic Acid Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- Benzoic Acid Market Providers
- Benzoic Acid Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Benzoic Acid Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE BENZOIC ACID MARKET STUDY