Benzoic Acid Market Size and Outlook 2030

Report Description

Forecast Period	2026-2030
Market Size (2024)	USD 1.30 Billion
CAGR (2025-2030)	4.91%
Fastest Growing Segment	Food and Beverages
Largest Market	Asia Pacific
Market Size (2030)	USD 1.73 Billion

Market Overview

The Global Benzoic Acid Market, valued at USD 1.30 Billion in 2024, is projected to experience a CAGR of 4.91% to reach USD 1.73 Billion by 2030. Benzoic acid, an aromatic carboxylic acid, is widely utilized across various industries, frequently serving as an intermediate in the production of diverse chemicals, including its salts like sodium benzoate, phenol, and alkyd resins. Market expansion is primarily driven by the increasing demand for effective food preservatives in the food and beverage sector, where it inhibits microbial growth, alongside its critical applications in the pharmaceutical industry for drug synthesis and in the chemical sector for manufacturing plasticizers and alkyd resins. This demand is further propelled by evolving consumer lifestyles that favor packaged and processed food products requiring extended shelf life.

However, the market faces a notable challenge due to the volatility of raw material costs, particularly toluene, which is a key precursor in benzoic acid synthesis, impacting overall production economics. Addressing the broader chemical industry context, according to the European Chemical Industry Council (CEFIC), in 2023, EU27 chemical production experienced an 8.7% decline during the first eleven months compared to the same period in 2022. This indicates a challenging macroeconomic environment that can indirectly affect specialty chemical markets such as benzoic acid.

Key Market Drivers

The escalating global demand for packaged and processed foods serves as a primary catalyst for the benzoic acid market. Modern consumer lifestyles, driven by increased urbanization and busy schedules, necessitate convenient food options with extended shelf lives. Benzoic acid effectively inhibits microbial spoilage in various acidic products like fruit juices, jams, and pickles, making it a crucial preservative. This consistent requirement for effective food preservation solutions directly propels market demand. Demonstrating this trend, according to Eastman Chemical Company, in October 2024, the company expanded its benzoic acid manufacturing capacity in a new United States plant to meet increasing demand in food preservatives and industrial applications.

The increasing applications within the pharmaceutical industry represent another significant driver for the benzoic acid market. Benzoic acid is widely employed in the synthesis of diverse medications, including antifungal and anti-inflammatory drugs, and its derivatives are critical components in various therapeutic formulations. Its inherent antimicrobial properties make it invaluable as an excipient and an active ingredient in topical treatments. According to the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), the projected annual increase in pharmaceutical research and development spending was 6.7% from 2018 to 2022, with total expenditure anticipated to surpass USD 200 billion by 2025. This robust investment in drug discovery and development underscores a growing requirement for chemical intermediates like benzoic acid. Moreover, the broader chemical industry, encompassing benzoic acid production, exhibited resilience; according to the BASF Report, in 2024, the global chemical industry experienced a 3.9% growth, considerably outpacing overall industrial production.

Download Free Sample Report

Key Market Challenges

The volatility of raw material costs, particularly toluene, presents a significant impediment to the growth of the global benzoic acid market. Toluene is a key precursor in benzoic acid synthesis, making its price fluctuations directly impactful on production economics. Unpredictable raw material expenses lead to increased operational costs for manufacturers, consequently narrowing profit margins and hindering stable pricing strategies. This fluctuating cost environment complicates long-term financial planning and deters crucial investments in capacity expansion or technological upgrades within the benzoic acid sector.

This challenge is further underscored by specific industry data. According to the American Chemistry Council, chemical manufacturers experienced rising input and raw material costs during the second quarter of 2024, following declines throughout 2023. Such shifts in feedstock pricing make it difficult for producers to maintain competitive pricing and ensure consistent supply. Moreover, high feedstock costs contribute to a wider competitive disadvantage, as illustrated by the European Chemical Industry Council which reported that ethylene production in Europe was 3.2 times more expensive compared to the USA in 2023, reflecting a general trend of elevated raw material expenses impacting regional chemical manufacturing. This economic pressure can force manufacturers to reduce output or delay market expansion initiatives, thereby directly constraining the overall growth trajectory of the global benzoic acid market.

Key Market Trends

**Innovation and Adoption of Bio-based Benzoic Acid Alternatives**
A significant trend is the innovation and adoption of bio-based benzoic acid alternatives, reflecting the chemical industry’s pivot towards sustainable production. This shift, driven by environmental concerns, demands substantial green chemistry investment. According to the American Chemistry Council's 2024 Year-End Situation & Outlook, US chemical industry capital spending rose 4.1% to $34 billion in 2024, with sustainability investments active. This fosters eco-conscious solutions. For instance, in September 2025, LANXESS began producing benzoic acid at its Botlek site using low-emission electricity, eliminating fossil fuels and reducing the product’s carbon footprint.

**Rising Demand for High-Purity and Specialty Benzoic Acid Grades**
Another prominent trend is the escalating demand for high-purity and specialty benzoic acid grades, particularly from pharmaceutical, food, and cosmetic sectors. Strict regulations and consumer safety expectations drive this, compelling manufacturers to supply benzoic acid with minimal impurities and consistent performance. The American Chemistry Council projects U. S. specialty chemical output to grow by 2.1% in 2025, indicating strong demand for such specialized inputs. This encourages advanced purification investment. As an illustration, LANXESS, in March 2025, highlighted its supply of various purity grades of benzoic acid under the Purox B brand, essential for sensitive applications like alkyd resins where precise properties are paramount.

Segmental Insights

The Food and Beverages segment stands as the fastest-growing sector within the Global Benzoic Acid Market, primarily driven by increasing consumer demand for packaged and processed food items with extended shelf life. Benzoic acid and its derivatives, such as sodium benzoate, are highly effective preservatives that inhibit the growth of mold, yeast, and certain bacteria, crucial for maintaining product safety and quality in a variety of acidic food products like fruit juices, soft drinks, jams, and pickles. This growth is further propelled by global urbanization and evolving consumer lifestyles, which favor convenient and ready-to-eat food and beverage options. Regulatory bodies such as the Codex Alimentarius Commission and national food safety authorities, like the U. S. FDA, establish and monitor permitted levels, ensuring the safe use of benzoic acid as a food additive. The Food and Beverages segment stands as the fastest-growing sector within the Global Benzoic Acid Market, primarily driven by increasing consumer demand for packaged and processed food items with extended shelf life. Benzoic acid and its derivatives, such as sodium benzoate, are highly effective preservatives that inhibit the growth of mold, yeast, and certain bacteria, crucial for maintaining product safety and quality in a variety of acidic food products like fruit juices, soft drinks, jams, and pickles. This growth is further propelled by global urbanization and evolving consumer lifestyles, which favor convenient and ready-to-eat food and beverage options. Regulatory bodies such as the Codex Alimentarius Commission and national food safety authorities, like the U. S. FDA, establish and monitor permitted levels, ensuring the safe use of benzoic acid as a food additive.

Regional Insights

The Asia Pacific region consistently leads the global benzoic acid market due to several critical factors. Accelerated industrialization across numerous countries drives demand for benzoic acid in diverse industrial applications. The region's expanding food and beverage industry, fueled by increasing urbanization and a growing consumer preference for packaged and processed foods, significantly boosts the need for food preservatives. Concurrently, enhanced demand from the pharmaceutical sector further contributes to market growth. Asia Pacific also benefits from robust manufacturing capabilities and cost-effective production, particularly with China's dominant chemical manufacturing sector and large-scale output supporting regional leadership.

Recent Developments

In September 2025, specialty chemicals company LANXESS announced a significant reduction in the carbon footprint for benzoic acid and related products manufactured at its Botlek site in the Netherlands. The company transitioned to entirely low-emission electricity for the production of these chemicals, including those under the Kalaguard SB, Kalama, Purox B, and Purox S brands. This strategic shift eliminates fossil fuels, directly supporting decarbonization within the downstream value chain. This breakthrough in sustainable production enables customers to utilize CO2-optimized solutions without compromising quality or availability, impacting industries relying on benzoic acid for food, beverages, and personal care applications.

In July 2025, Ganesh Benzoplast Limited was set to launch a new product line, according to industry updates. This development is relevant to the Global Benzoic Acid Market as Ganesh Benzoplast is a prominent Indian manufacturer and exporter of specialty chemicals, including pure benzoic acid and its derivatives. The company is renowned for its diverse portfolio, which encompasses food preservatives, plasticizers, and lubricant additives. A new product line from such a key player indicates continued innovation and expansion within the chemical sector, likely extending its offerings in areas where benzoic acid or its derivatives play a crucial role.

In February 2025, Chemcrux Enterprises received in-principle board approval for the acquisition of 50% equity shares in Kalichem. This strategic move signifies an expansion of Chemcrux Enterprises' business activities, aligning with its core operations in manufacturing chemical intermediates. As Chemcrux Enterprises produces various chemical products, including benzoic and aceturic acids, this acquisition is expected to strengthen its position within the broader chemical market, potentially enhancing its capabilities related to benzoic acid manufacturing or its derivatives. The acquisition was anticipated to be finalized before March 31, 2025, pending necessary approvals.

In February 2025, I G Petrochemicals Limited indicated that the construction of its advanced plasticizer plant was on track for commencement by the third quarter of fiscal year 2026. This initiative highlights the company's commitment to diversifying its product portfolio, which already includes maleic anhydride and benzoic acid. Benzoic acid serves as a critical intermediate in the production of various plasticizers. The launch of this new facility is expected to bolster the supply of advanced plasticizers, thereby driving demand for benzoic acid as a precursor and strengthening I G Petrochemicals Limited's footprint in the global chemical market.

Key Market Players

Avantor Inc.
Merck KGaA
Ganesh Benzoplast Ltd.
Spectrum Chemical Manufacturing Corp
Wuhan Youji Industries Co. Ltd.
FBC Industries, Inc.
Tengzhou Tenglong Chemical Co., Ltd.
CellMark AB
A.M. Food Chemical Co. Limited
Hugestone enterprise Co. Ltd.

By Form	By Application	By Region
Powder Granules	Food and Beverages Cosmetics Pharmaceuticals Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Benzoic Acid Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Benzoic Acid Market, By Form:

o Powder

o Granules

Benzoic Acid Market, By Application:

o Food and Beverages

o Cosmetics

o Pharmaceuticals

o Others

Benzoic Acid Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Benzoic Acid Market.

Available Customizations:

Global Benzoic Acid Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Benzoic Acid Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Benzoic Acid Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Form (Powder, Granules)

5.2.2. By Application (Food and Beverages, Cosmetics, Pharmaceuticals, Others)

5.2.3. By Region

5.2.4. By Company (2024)

5.3. Market Map

6. North America Benzoic Acid Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Form

6.2.2. By Application

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Benzoic Acid Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Form

6.3.1.2.2. By Application

6.3.2. Canada Benzoic Acid Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Form

6.3.2.2.2. By Application

6.3.3. Mexico Benzoic Acid Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Form

6.3.3.2.2. By Application

7. Europe Benzoic Acid Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Form

7.2.2. By Application

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Benzoic Acid Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Form

7.3.1.2.2. By Application

7.3.2. France Benzoic Acid Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Form

7.3.2.2.2. By Application

7.3.3. United Kingdom Benzoic Acid Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Form

7.3.3.2.2. By Application

7.3.4. Italy Benzoic Acid Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Form

7.3.4.2.2. By Application

7.3.5. Spain Benzoic Acid Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Form

7.3.5.2.2. By Application

8. Asia Pacific Benzoic Acid Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Form

8.2.2. By Application

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Benzoic Acid Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Form

8.3.1.2.2. By Application

8.3.2. India Benzoic Acid Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Form

8.3.2.2.2. By Application

8.3.3. Japan Benzoic Acid Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Form

8.3.3.2.2. By Application

8.3.4. South Korea Benzoic Acid Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Form

8.3.4.2.2. By Application

8.3.5. Australia Benzoic Acid Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Form

8.3.5.2.2. By Application

9. Middle East & Africa Benzoic Acid Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Form

9.2.2. By Application

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Benzoic Acid Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Form

9.3.1.2.2. By Application

9.3.2. UAE Benzoic Acid Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Form

9.3.2.2.2. By Application

9.3.3. South Africa Benzoic Acid Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Form

9.3.3.2.2. By Application

10. South America Benzoic Acid Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Form

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Benzoic Acid Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Form

10.3.1.2.2. By Application

10.3.2. Colombia Benzoic Acid Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Form

10.3.2.2.2. By Application

10.3.3. Argentina Benzoic Acid Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Form

10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Benzoic Acid Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Avantor Inc.

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Merck KGaA

15.3. Ganesh Benzoplast Ltd.

15.4. Spectrum Chemical Manufacturing Corp

15.5. Wuhan Youji Industries Co. Ltd.

15.6. FBC Industries, Inc.

15.7. Tengzhou Tenglong Chemical Co., Ltd.

15.8. CellMark AB

15.9. A.M. Food Chemical Co. Limited

15.10. Hugestone enterprise Co. Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Benzoic Acid Market in 2024?

Which is the dominating region in the Global Benzoic Acid Market?

Which is the fastest growing segment in the Global Benzoic Acid Market?

What is the expected growth rate of the Global Benzoic Acid Market?

Benzoic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Form (Powder, Granules), By Application (Food and Beverages, Cosmetics, Pharmaceuticals, Others), By Region and Competition, 2020-2030F

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Benzoic Acid Market in 2024?

Which is the dominating region in the Global Benzoic Acid Market?

Which is the fastest growing segment in the Global Benzoic Acid Market?

What is the expected growth rate of the Global Benzoic Acid Market?