Benzoic Acid Market Report 2025

The benzoic acid market size has grown strongly in recent years. It will grow from $1.38 billion in 2024 to $1.45 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to food preservation demand, pharmaceutical applications, chemical intermediate, growing end-use industries, and stringent regulatory standards.

The benzoic acid market size is expected to see strong growth in the next few years. It will grow to $1.86 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to population growth, rising healthcare needs, technological advancements, economic development, and sustainable practices. Major trends in the forecast period include a shift towards benzoic acid salts, increasing demand in plasticizer production, growth in end-use industries in emerging economies, and research and development for novel applications.

The growing demand for processed foods is expected to propel the benzoic acid market in the future. Processed foods are items that have been altered or modified through various processing techniques prior to consumption, which may involve the addition of preservatives and additives. Benzoic acid is commonly utilized as a preservative in processed foods because of its antimicrobial properties, which inhibit the growth of bacteria, fungi, and yeast. This contributes to extending the shelf life of food products while preserving their quality and safety. For instance, in October 2023, the Government of Canada reported that exports of processed food and beverage products reached a record $54.3 billion in 2022, marking a 14.1% increase from 2021. Therefore, the rising demand for processed foods will drive the growth of the benzoic acid market.

The global rise in population stands as a driving force behind the benzoic acid market's expansion. A burgeoning population translates to heightened demand for various consumer goods, including packaged foods, pharmaceuticals, and personal care items, fostering a parallel increase in the need for benzoic acid. Statistics from the French Institute for Demographic Studies in July 2022 forecast a global population growth from approximately 8 billion to an estimated 9.7 billion by 2050, underscoring the link between population surge and amplified demand for products reliant on benzoic acid.

Urbanization is anticipated to drive the growth of the benzoic acid market in the future. This process involves an increasing proportion of the population shifting from rural to urban areas, leading to the expansion of cities and towns. Several factors contribute to rising urbanization, such as the pursuit of better job opportunities, enhanced living standards, improved access to education and healthcare, and advancements in technology. Benzoic acid contributes to urbanization through its various applications in industries like food preservation, pharmaceuticals, and plastics. Its incorporation in manufacturing can result in more efficient production processes, boosting economic activity in urban areas. For example, in April 2022, the World Economic Forum, an independent international organization based in Switzerland, reported that over 4.3 billion people, or 55% of the global population, resided in urban areas, with projections suggesting this figure could reach 80% by 2050. Thus, urbanization is a key factor in the growth of the benzoic acid market.

Product innovation emerges as a prominent trend in the benzoic acid market, with major companies focusing on innovative formulations to fortify their market positions. For example, Menno Chemie GmbH & Co KG introduced A-QUASAN in June 2022, a novel disinfectant harnessing the efficacy of benzoic acid across various sectors, especially in fresh produce processing and drinking water systems. A-QUASAN's potent antimicrobial properties at low concentrations coupled with its biodegradability and prolonged stability represent an innovative application of benzoic acid in disinfectant formulations.

Leading companies in the benzoic acid sector are developing innovative products, including salicylic acid, to manage excess oil production. Salicylic acid, a beta hydroxy acid (BHA), is widely used in skincare for its exfoliating properties and its ability to treat acne by unclogging pores and reducing inflammation. For example, in June 2024, Active Concepts LLC, a US-based cosmetic firm, introduced ACB Sal-Vation, a sustainably sourced skincare ingredient designed as an alternative to salicylic acid for acne treatment and overall skin health. This formulation combines benzoic acid, naturally found in prunes, with succinic acid derived from sugar beets. ACB Sal-Vation effectively exfoliates by eliminating intercellular lipids and also possesses antimicrobial and antifungal characteristics. This groundbreaking product addresses the growing consumer preference for gentler skincare solutions, reflecting the trend towards natural and sustainable ingredients. By leveraging these beneficial properties, ACB Sal-Vation offers an attractive option for consumers seeking effective acne treatment without the sensitivity risks typically associated with traditional salicylic acid.

Major companies operating in the benzoic acid market include Emerald Kalama LLC, IG Petrochemicals Ltd., Merck KGaA, Chemcrux Enterprises Ltd., The Chemical Company, Ganesh Benzoplast Ltd., Huayin Jinqiancheng Pharmaceutical Co Ltd., Wuhan Youji Industries Co Ltd., Tianjin Dongda Chemical Group Co Ltd., Lanxess AG, Eastman Chemical Company, Avantor Inc., Novaphene Specialities Pvt Ltd, DuPont de Nemours Inc., Krishna Speciality Chemicals Pvt Ltd., Srihari Chemicals, Nantong Haiers, Huangshi Taihua Industry, Yash Rasayan & Chemicals, JQC (Huayin) Pharmaceutical, Wuhan Dico Chemical, Hubei Phoenix Chemical, Changzhou Hubin Medicine, Tengzhou Tenglong Chemical, Remi Fine, Hebei Smart Chemicals Company, Liao Ning Huayi Chemical, Zhejiang Shengxiao Chemicals Co. Ltd., Yasho Industries, Wuhan Ruiji Chemical Co. Ltd.

North America was the largest region in the global benzoic acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the benzoic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the benzoic acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Benzoic acid is a white crystalline solid belonging to the aromatic carboxylic acids category and is derived from benzene. It occurs naturally in several fruits such as cranberries, plums, apples, and certain spices, imparting a somewhat sweet fragrance.

Benzoic acid is available in forms of powder and granules, the powder variant consists of fine particles. Benzoic acid finds diverse applications such as sodium benzoate, potassium benzoate, benzyl benzoate, benzoate plasticizers, alkyd resin, benzoyl chloride, and feed additives. These applications span across industries including food and beverages, the chemical sector, pharmaceuticals, and various other domains.

The benzoic acid market research report is one of a series of new reports that provides benzoic acid market statistics, including benzoic acid industry global market size, regional shares, competitors with a benzoic acid market share, detailed benzoic acid market segments, market trends and opportunities, and any further data you may need to thrive in the benzoic acid industry. This benzoic acid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The benzoic acid market consists of sales of benzoate salts derived from benzoic acid, benzoic acid flakes, benzene formic acid, benzene-methanoic acid, carboxy benzene, and benzene-carboxylic acid. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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