Benzoic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Benzoic Acid Market is segmented by Application Type into Food & Beverage (Bakery and Confectionery, Meat Products, Beverages, Sauces / Dips / Salad Dressings, Dairy Products, Others), Chemicals, Plasticizers, Animal Feed and Others; and by Geography

Market Snapshot

Benzoic Acid Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Europe, Middle East, and Africa
Largest Market: Asia Pacific
CAGR: 5.6 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

Global benzoic acid market is projected to register a CAGR of 5.6 during the forecast period (2021-2026)

  • The benzoic market has seen a positive growth due to its prominence in the application segments in the past couple of years and is expected to continue attaining growth at a faster pace during the forecast period.
  • The replacement of phthalate plasticizers with non-phthalate plasticizers particularly in European as well as North American regions has created a great market opportunity for the benzoic acid manufacturers with increasing application in paper industries.
  • The market has two significant restraining factors such as fluctuating price of toluene and strict regulation regarding the usage of preservatives including benzoic acid majorly in developed economies. However, benzoic acid holds a significant role as a preservative in the food and beverage industries of developing economies.

Scope of the Report

The global benzoic acid is actively being used in differed end-user industries such as Food & Beverage,  Chemicals, Plasticizers, Animal Feed, and Others. In the food and beverage industries, it is used in different products such as Bakery and Confectionery, Meat Products, Beverage, Sauces / Dips / Salad Dressings, Dairy Products, and others. The market is covered for potential markets in countries in each region.

By Application
Food & Beverage
Bakery and Confectionery
Meat Products
Sauces / Dips / Salad Dressings
Dairy Products
Animal Feed
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Asia Pacific
Rest of Asia-Pacific
South America
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand For Processed Food Items & Beverages

The consumer's paradigm shift towards processed food and beverage products such as snacks, fruit juices, processed meat snacks, and others to meet their everyday meal requirement. The prevalence of skipping meals such as breakfast in many European countries has resulted in consumers increasing preference for processed and packaged food and beverage products. As preservatives including benzoic acid are an important ingredient in processed food and beverage products, the end-user industries are actively looking for innovation in benzoic acid which in turn has provided a great opportunity for the manufacturers to attain a significant market position through expanding their product portfolio and product launches. The increasing number of food and beverage processing units in developing nations such as India, Australia, China, and others is also fueling the demand for benzoic acids.

benzoic acid

Asia-Pacific Emerges as The Fastest Growing Market

Asia Pacific region holds a major share in the benzoic acid market, primarily due to extensive application in various end-user industries. Apart from the food and beverage industries, the per capita consumption of plastic is high in India and China, which in turn has increased the use of plasticizers resulting in boosting the benzoic acid market. The Region has strongly registered a rising demand for sodium and potassium benzoate which is yet another factor driving the overall benzoic acid market. The animal feed industry has is also attaining maturing in various Asian countries such as India, which is again boosting the demand for benzoic acid in the region. The stringent government regulations and an increasing number of small scale food and beverage industries are also major contributors to fueling the growth od the market.

Benzoic Acid Market

Competitive Landscape

The benzoic acid is a highly fragmented market with the presence of a large number of local players across the globe. The extensive application of benzoic acid in various end-user industries have resulted in an increasing number of product launches by active manufacturers to consolidate their presence in the global market. The key players are also expanding their product range to capture maximum application areas of benzoic acid and attain a prominent share in the market. Key global players have thus intensified their R&D efforts, in order to develop a niche and innovative products based on the requirements of the end-user industry. Key global players have thus intensified their R&D efforts, in order to develop a niche and innovative products based on the requirements of the end-user industry.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Application

      1. 5.1.1 Food & Beverage

        1. Bakery and Confectionery

        2. Meat Products

        3. Beverage

        4. Sauces / Dips / Salad Dressings

        5. Dairy Products

        6. Others

      2. 5.1.2 Chemicals

      3. 5.1.3 Plasticizers

      4. 5.1.4 Animal Feed

      5. 5.1.5 Others

    2. 5.2 Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.2.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Russia

        5. Italy

        6. Spain

        7. Rest of Europe

      3. 5.2.3 Asia Pacific

        1. India

        2. China

        3. Japan

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.2.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.2.5 Middle East & Africa

        1. South Africa

        2. Saudi Arabia

        3. Rest of Middle East & Africa


    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Emerald Kalama

      2. 6.4.2 I G Petrochemicals Ltd (IGPL)

      3. 6.4.3 Merck KGaA

      4. 6.4.4 Chemcrux Enterprises Ltd

      5. 6.4.5 Merck KGaA

      6. 6.4.6 Chemcrux Enterprises Ltd

      7. 6.4.7 The Chemical Company

      8. 6.4.8 Ganesh Benzoplast


**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Benzoic Acid Market market is studied from 2016 - 2026.

The Benzoic Acid Market is growing at a CAGR of 5.6% over the next 5 years.

Europe, Middle East, and Africa is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Emerald Performance Materials, I G Petrochemicals Ltd. (IGPL), Merck KGaA, Chemcrux Enterprises Ltd, The Chemical Company are the major companies operating in Benzoic Acid Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!