Benzoic Acid Market Report 2026

The benzoic acid market size has grown strongly in recent years. It will grow from $1.43 billion in 2025 to $1.51 billion in 2026 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to increasing processed food consumption, growth of chemical manufacturing activities, rising pharmaceutical production, expansion of polymer processing industries, availability of aromatic feedstocks.

The benzoic acid market size is expected to see strong growth in the next few years. It will grow to $1.92 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand for clean-label preservatives, rising adoption in specialty chemical applications, expansion of pharmaceutical manufacturing, growing focus on sustainable sourcing, increasing investments in high-purity production. Major trends in the forecast period include growing demand for food preservatives, rising use in pharmaceutical formulations, expansion of benzoate-based plasticizers, increased focus on high-purity grades, capacity expansion in emerging economies.

The rising demand for processed foods is expected to drive the benzoic acid market in the coming years. Processed foods are products that have undergone various modifications or treatments before consumption, including the addition of preservatives and additives. Benzoic acid is commonly used as a preservative in these products due to its antimicrobial properties, which inhibit the growth of bacteria, fungi, and yeast. It helps prolong the shelf life of food items while maintaining their quality and safety. For example, in July 2024, according to Agriculture and Agri-Food Canada (AAFC), a Canada-based federal department overseeing agriculture and agri-food policy, Australia imported processed food and seafood worth US$12.39 billion in 2023, reflecting an annual growth of 3.8%. Consequently, the increasing consumption of processed foods is expected to boost the benzoic acid market.

The growing population is anticipated to further propel the benzoic acid market. Population refers to the total number of individuals living in a particular geographic area, such as a country, city, or region. Population growth drives the demand for various consumer goods, including packaged foods, pharmaceuticals, and personal care products, which in turn increases the need for benzoic acid. For instance, in July 2025, Worldometer, a Switzerland-based platform providing real-time global population statistics, reported that the world population rose from 8,092,000,000 in 2023 to 8,161,972,572 in 2024, an increase of approximately 0.87%. Thus, the expanding population is contributing to the growth of the benzoic acid market.

Key players in the benzoic acid market are introducing new products, such as salicylic acid, to control excess oil production. Salicylic acid, a beta hydroxy acid (BHA), is widely used in skincare for its exfoliating properties and effectiveness in treating acne by clearing clogged pores and reducing inflammation. For example, in June 2024, Active Concepts LLC, a US-based cosmetics company, launched ACB Sal-Vation, a sustainably derived skincare ingredient serving as an alternative to salicylic acid for acne treatment and overall skin care. It is formulated using naturally occurring benzoic acid from prunes and succinic acid extracted from sugar beets. ACB Sal-Vation exfoliates by removing intercellular lipids while providing antimicrobial and antifungal benefits. This innovative product meets the growing consumer demand for gentler, natural, and sustainable skincare solutions, offering effective acne treatment without the sensitivity risks associated with traditional salicylic acid.

Major companies operating in the benzoic acid market are LANXESS AG, Emerald Performance Materials, LLC, Merck KGaA, BASF SE, Eastman Chemical Company, Arkema S.A., Evonik Industries AG, Emerald Kalama Chemical, LLC, FBC Industries, Inc., Ganesh Benzoplast Limited, Novaphene Specialities Private Limited, Tengzhou Tenglong Chemical Co., Ltd., Wuhan Youji Industries Co., Ltd., Shandong Ruisheng Chemical Co., Ltd., Jiangsu Hualun Chemical Co., Ltd., Hubei Phoenix Chemical Co., Ltd., Nantong Acetic Acid Chemical Co., Ltd., Wuhan Biet Chemical Co., Ltd., Haihang Industry Co., Ltd., Liao Ning Huayi Chemical Industry & Commerce Co., Ltd., Taizhou Wanda Chemical Co., Ltd.

North America was the largest region in the global benzoic acid market in 2025.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, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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