"Market Intelligence that Adds Flavour to Your Success"

Benzoic Acid Market Size, Share & Industry Analysis, By End Use (Chemical Industry, Food and Beverages, Cosmetics and Personal Care, Pharmaceutical Industry) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI101923 | Status : Ongoing

 

KEY MARKET INSIGHTS

Benzoic acid is a crystalline carboxylic acid which has antibacterial and antifungal properties and hence is used in many end-use industries such as food and beverages, pharmaceutical, and chemical industries. Benzoic acid is naturally found in various fruits, such as raspberries, cranberries, and plums. The product is used as a food preservative in various food products including salad dressings, fruit juices, soft drinks, and also in pickles. Growth in demand for processed and convenience food products globally is expected to expand the demand for benzoic acid in the food and beverages industries. Furthermore, manufacturers across the globe are constantly focusing to maximize their production capacity and to remain significant in the market.


Amplifying demand for benzoic acid in manufacturing perfumes and artificial flavours and for flavouring tobacco are some of the factors expected to contribute to escalating the market growth. Additionally, increased demand for edible products such as fruit juices, jams, barbecue sauces, and soft drinks as well as acidic foods including pickles and pickled food items are the factors anticipated to drive the growth of the global benzoic acid market during the forecast period.

Key Market Driver -

Consumers inclination towards convenience and ready-to-eat food products is expected to drive the growth of the market.

Key Market Restraint -

Stringent regulation of the use of food additives may hamper the market growth.


One of the major fueling factors for the growth of the global benzoic acid market is increasing demand for preservatives to improve the shelf-life of food products. Increasing demand for benzoic acid for the formulation of various cosmetic products and personal care products due to anti-fungal properties associated with the product are some of the major factors anticipated to increase the demand for benzoic acid in the forecast years subsequently driving the growth of the market. Rapid growth in pharmaceutical and food additives industries across different parts of the globe, which is leading to various R&D activities for developing flavouring agents and safe chemicals, is expected to drive the growth of the market. In addition, increasing consumer’s inclination towards convenience and ready-to-drink (RTD) food products and beverages over the forecast period (2019-2026) is expected to positively influence the global benzoic acid market. However, rising stringency on food additives can hinder the growth of global benzoic acid market.

Key Players Covered:


Some of the key companies that are present in the benzoic acid market include Fushimi, Huangshitaihua Industry, Nantong Haiers, Novaphene, Chemcruz Enterprises Ltd., Huayin Jinqiancheng, San Fu, Sinteza SA, Srihari Chemicals, Wuhan Youji Industries, and Emerald Kalama Chemical. The competition between the key players is majorly based on price, which has led key players to improve their product diversity to remain attractive among the buyers.

Among the end-use, the food and beverages segment is expected to dominate in the global benzoic acid market. This is owing to the increasing popularity of packaged food products among consumers all over the world. To keep food safe for longer food manufacturers are expected to embark on the adoption of ingredients and items that are cost-effective and safe, which is expected to boost the demand for benzoic acid in the food & beverage industry. The demand for benzoic acid and its derivatives in cosmetics & personal care industry is expected to grow at a significant pace during the forecast period for the formulation of facial cleanser, compact powder, lipstick, and others.

Regional Analysis:


Asia Pacific is expected to dominate in the global benzoic acid market during the forecast period, as currently, China is one of the largest markets for benzoic acid. There is an increasing demand for frozen and packaged food products in countries, such as India, Thailand, China, and various other developing APAC countries, which is a significant growth propelling factor for the growth of Asia Pacific benzoic acid market during the forecast period. The countries such as India and China are majorly contributing to the total global production of benzoic acid and its exports across several regions.

To gain extensive insights into the market, Request for Customization


The growth in demand for frozen products across South America is expected to expand the demand for preservatives such as benzoic acid and hence it will contribute to the growth of South America benzoic acid market during the forecast years. Europe and North America are the major consumers of processed food products across the globe, due to busy lifestyle of people and higher dependency on convenience food, these factors are expected to contribute to the growth of the benzoic acid market of these respective regions. However, stringent regulation on food additives in developed regions may hamper market growth.

Segmentation


















 ATTRIBUTE

 DETAILS

By End Use



  • Chemical Industry

  • Food and Beverages

  • Cosmetics and Personal Care

  • Pharmaceutical Industry



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa and Rest of ME&A)



Key Industry Developments



  • In September 2017, Emerald Kalama Chemical which is an US-based company engaged in production of advanced speciality chemicals expanded a 40 million USD benzoic acid and benzaldehyde in Rotterdam, Netherlands. In addition, the company expanded its hexyle cinnamic aldehyde (HCA) and amyl cinnamic aldehyde (ACA) plants in England. The product is used in personal care as fragrances and other applications.


  • Ongoing
  • 2023
  • 2019-2022

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Daesang
Kpmg
Bunge
Samyang
Fresenius

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X