Expanding food & beverage industry is projected to fuel the growth of the global benzoic acid market at a CAGR of 3.26% during the forecast period 2024 to 2030

Market Research Future (MRFR) has published on the “Global Benzoic Acid Market”.

The Benzoic Acid market is estimated to register a CAGR of 3.26% during the forecast period of 2024 to 2030.

MRFR recognizes the following companies as the key players in the global Benzoic Acid market—Lanxess, Plater Group, Eastman Chemical Company, Foodchem International Corporation, Merck KGaA, Ganesh Benzoplast Limited, Anhui Primechem, Sinteza S.A, Choice Organochem LLP, Spectrum Chemical, Hemadri Chemicals, Wuhan Youji Industries Co., Ltd, Swastik Industries, Navyug Pharmachem Pvt Ltd, PENTA s.r.o, Liaoning Huayi Chemical Industry& Commerce Co.,Ltd, Ujwal Pharma Pvt. Ltd.

Benzoic Acid Market Highlights

The global Benzoic Acid market is accounted for to register a CAGR of 3.26% during the forecast period and is estimated to reach USD 890.59 million by 2030.

The global market for benzoic acid is driven by the rising demand for packaged foods and drinks. Food preservation is required to extend the packaged food items' shelf life, which stimulates the market expansion for benzoic acid. There is an increasing demand for benzoate plasticizers to take place of phthalate plasticizers in numerous applications. Benzoic acid is used by manufacturers to meet consumer expectations for food selections that are both convenient and long-lasting. Because of its ability to prevent microbial development, it may effectively prolong the shelf life of products and guarantee food safety, meeting customer expectations for convenience and freshness. The changing consumer lifestyles and preferences, also stimulates the demand for convenient, ready-to-eat packaged foods and drinks. Furthermore, the growing market for processed foods increases the need for preservatives such benzoic acid, which is expected to propel the market. The packaged foods and drinks market is increasingly globalized, with products being transported across long distances and stored in various environmental conditions. Benzoic acid helps ensure the stability and safety of these products during transportation and storage by preventing microbial growth and spoilage. As the demand for packaged foods and drinks continues to grow globally, so does the demand for benzoic acid as a preservative.

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Segment Analysis

The global Benzoic Acid market has been segmented based on Application, End-Use Industry and Region.

The global Benzoic Acid Market segmentation, based on Application has been segmented as adhesives & sealant, polymer (polyurethane, plastics, vinyl, rubber), benzoates, benzoate plasticizers, benzoyl chloride, animal feed additive, others. Among these, the adhesives & sealant segment is anticipated to dominate the global Benzoic Acid market revenue through the projected period as estimated by MRFR analysts. Benzoic acid helps in enhancing the chemical stability of adhesives and sealants. Also, it is compatible with numerous types of chemical formulations, further making it a versatile additive in the manufacturing of a wide range of sealants and adhesives.

In the End-Use Industry segment, the market is categorized as food & beverages, oil & gas industry, paints & coatings industry, automotive industry, pharmaceutical industry, others. Out of which the food & beverages segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. Benzoic acid can be used in a variety of food products and thus is a valuable ingredient used in the food and beverage industry. Also, it is relatively inexpensive as compared to other preservatives, due to which its demand is growing significantly.

Regional Analysis

By Region, the Benzoic Acid market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific Benzoic Acid market holds a considerable market share and is also forecasted to hold the largest share during the forecast period. Factors such as industrial expansion, economic growth and changing consumer preferences are driving the demand for benzoic acid from several industrial sectors. The growing applications of paints and coatings in a wide array of applications is positively influencing the demand of benzoic acid.

Key Findings of the Study

• The global Benzoic Acid market is expected to reach USD 890.59 million by 2030, at a CAGR of 3.26% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• Based on Application, the adhesives & sealant segment was attributed to holding the largest market in 2023.


• Based on End-Use Industry, the food & beverages segment was attributed to holding the largest market in 2023.


• Lanxess, Plater Group, Eastman Chemical Company, Foodchem International Corporation, Merck KGaA, Ganesh Benzoplast Limited, Anhui Primechem, Sinteza S.A, Choice Organochem LLP, Spectrum Chemical, Hemadri Chemicals, Wuhan Youji Industries Co., Ltd, Swastik Industries, Navyug Pharmachem Pvt Ltd, PENTA s.r.o, Liaoning Huayi Chemical Industry& Commerce Co.,Ltd, Ujwal Pharma Pvt. Ltd are the key market players.