Global Benzoic Acid Market - Growth, Trends and Forecast (2017 - 2022)

  • ID: 4402798
  • Report
  • Region: Global
  • 100 pages
  • Mordor Intelligence
1 of 4


  • Chemcruz Enterprises Ltd.
  • Emerald Kalama
  • Fushimi
  • Huangshitaihua Industry
  • Novaphene
  • San Fu
  • MORE

Food & beverages applications dominated benzoic acid consumption in the form of derivatives, such as sodium benzoate and potassium benzoate, and accounted for more than 45% for the total value, as per 2014. The application of food and beverages is expected to grow at an estimated CAGR of over 2.8% by 2023. The benzoic acid market size was estimated to reach USD XX million in 2016 and is expected to reach USD XX million by 2022, registering a CAGR of over 3.4%, during 2017-2022 (the forecast period).

The application of benzoic acid can be traced in medical, dye intermediates, and animal feed. Benzoic acid is used as a constituent for the treatment of fungal skin diseases, such as ringworm, athlete’s foot, etc. Benzoic acid is a common constituent in toothpaste, mouthwashes, deodorants, etc., where it acts as an anti-microbial agent.

Lifestyle Changes are expected to boost the Market for Benzoic acid

Benzoic acid and its salt derivatives, used as preservatives, are represented by E-numbers, such as E210, E211, E212, and E213. This acid, when used as a preservative, is added to a concentration of 0.05-0.1% to food products. Growing demand for preservatives, to improve shelf-life of the products, coupled with the growth in food & beverages industry, is likely to drive the benzoic acid market size, during 2017-2022 (the forecast period). The rise in income, growing population, and a change in lifestyle are expected to drive the benzoic acid market growth.

Market Segmentation

The global benzoic acid market, based on application, is segmented into food & beverage, benzoates, plasticizers, animal feed, and ‘others’. Owing to the hectic lifestyle, the preference among consumers is shifting towards the adoption of convenience food and ready-to-drink (RTD) beverages. Packaged food & beverage is gaining popularity with the increase in availability of different product ranges. This factor requires food & beverages to be safe for consumption after days or weeks of production, which begets the use of benzoic acid derivatives as preservatives.

Geographically, the global benzoic acid market is segmented into Asia-Pacific, Europe, and North America. Growing population, higher income, and changing psychographics among Asian countries drive the benzoic acid market growth in the region. The consumption of benzoic acid allows the market to remain relatively higher in the Asia-Pacific region, which is expected to boost the market advancements. Moreover, growing demand for sodium and potassium benzoate has been supporting the benzoic acid market growth. Per-capita plastic consumption is following a high rate in countries like India and China, which is anticipated to enhance the demand for plasticizers and ultimately drive the market growth for benzoic acid.

Regional Analysis

In 2016, Asia-pacific was the dominant region, which accounted for more than 50% of the total volume and value and is expected to witness significant growth, during 2017-2022 (the forecast period). Europe was the second largest region and accounted for over 20% of the total demand in 2014. North America, particularly, the US benzoic acid market size accounted for over 10% of the total volume in 2016 and is anticipated to witness steady growth rate, during 2017-2022 (the forecast period).

North America is expected to witness a steady growth rate during 2017-2022 (the forecast period). Substitution of phthalate plasticizers by benzoate plasticizers, due to the stringent government regulations, is likely to favor the market growth in this region, during 2017-2022 (the forecast period). Increase in per-capita disposable income levels, coupled with the shifting trend towards processed food & beverage, particularly in China and India, is likely to drive the market demand, regionally.

Competitive Landscape

Leading manufacturers and suppliers of the benzoic acid include

Huangshi Taihua industry
Shri Hari Chemicals
Sinteza S.A
Chemcruz Enterprises Ltd
Emerald Kalama Chemical
Wuhan Youji Indutriues
San Fu
Huayin Jinqiancheng
Nantong Haires

These companies focus on capacity expansion due to the growing demand for benzoic acid as an additive in the food & beverage industry.

Our Global Glycerol Market Report Covers:

Market trends & dynamics
Latest News & developments
Porter’s five force analysis
Investment scope
Deep-dive insights
Note: Product cover images may vary from those shown
2 of 4


  • Chemcruz Enterprises Ltd.
  • Emerald Kalama
  • Fushimi
  • Huangshitaihua Industry
  • Novaphene
  • San Fu
  • MORE
1.1 Report Description
1.2 Key Deliverables of the Study
1.3 Market Definitions

2.1 Introduction
2.2 Study phases
2.3 Secondary research
2.4 Discussion guide
2.5 Business analysis

3.1 Market trends

4.1 Drivers
4.1.1 Increasing Demand of Packaged Food & Beverages
4.1.2 Rising Demand for Sodium and Potassium Benzoate
4.2 Restraints
4.2.1 Health Concern Pertaining to High Exposure of Benzoic Acid
4.3 Opportunities
4.3.1 Potential Demand in the Asia-Pacific Market
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products & Services
4.4.5 Degree of Competition

5.1 By Application
5.1.1 Food and Beverage
5.1.2 Benzoate
5.1.3 Plasticizers
5.1.4 Animal Feed
5.1.5 Others
5.2 By Geography
5.2.1 North America United States Canada Mexico Others
5.2.2 Europe United Kingdom France Germany Russia Italy Others
5.2.3 Asia-pacific China Japan India Australia Others
5.2.4 South America Brazil Argentina Others
5.2.5 Africa South Africa Others

6.1 Strategy Adopted by Key Players
6.2 Most Active Companies in the Last Five Years
6.3 Market Share Analysis

7.1 Emerald Kalama
7.2 Novaphene
7.3 Huangshitaihua Industry
7.4 Srihari Chemicals
7.5 Sinteza S.A
7.6 Chemcruz Enterprises Ltd.
7.7 Wuhan Youji Industries
7.8 Fushimi
7.9 San Fu
Note: Product cover images may vary from those shown
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4 of 4
  • Emerald Kalama
  • Novaphene
  • Huangshitaihua Industry
  • Srihari Chemicals
  • Sinteza S.A
  • Chemcruz Enterprises Ltd.
  • Wuhan Youji Industries
  • Fushimi
  • San Fu
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown