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Global Benzoic Acid Market - By Product (Food Grade Benzoic Acid, Food Grade Benzoic Acid, Industrial Grade Benzoic Acid), By Application (Personal Care & Cosmetics, Food & Beverages, Pharmaceuticals, Plastics, Paints, Others) - Trends and Forecast to 2030
Type: PDF
Status: Syndicate
Categories: Advance Materials
Report Code : AM23
No. of Pages : 150
Benzoic acid is a carboxylic acid with various utilitarian characteristics, such as antifungal and antibacterial attributes, which have made it widely accepted in various end-use applications. Benzoic acid is naturally available in various fruits, including plums, cranberries, prunes and raspberries, and is basically used in the food and beverage, chemical, and pharmaceutical industries.
The global benzoic acid market in 2023 was approximately USD 1.1 Billion. The market is expected to grow at a CAGR of 5.4% and is anticipated to reach around USD 2.5 Billion by 2030. Rising demand from the food and beverage industry is estimated to be a key driver for the benzoic acid market. Few other factors such as benzoic acid and its potassium, sodium, or calcium salts act as a food preservative due to their effectual antifungal property and it is useful in warding off mold and yeast, and also has a minor protective effect against bacteria are fuelling the market.
The rising demand for preserved and packaged food from the global consumer demographic is anticipated to drive the demand for effective natural preservatives such as benzoic acid. However, the long-time use of benzoic acid can cause harm to lungs which impede the market.
The market for benzoic acid is intensely competitive and is highly fragmented. The vendors in the benzoic acid market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are Foodchem, Yash Rasayan & Chemicals, San Fu, Hubei Phoenix Chemical, FUSHIMI Pharmaceutical, Navyug Pharmachem, Eastman, Hebei Smart Chemicals Company (HSCC), Liao Ning Huayi Chemical, JQC (Huayin) Pharmaceutical, Wuhan Dico Chemical, Changzhou Hubin Medicine, Emerald Kalama Chemical, Tengzhou Tenglong Chemical, & REMI FINE CHEM.
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Table of Contents
- Introduction
- Key Insights
- Report Overview
- Markets Covered
- Stakeholders
- Research Methodology
- Research Scope
- Market Research Process
- Research Data Analysis
- Secondary Research
- Primary Research
- Models for Estimation
- Market Size Estimation
- Bottom-Up Approach - Segmental Market Analysis
- Top-Down Approach - Parent Market Analysis
- Executive Summary
- Market Overview
- Introduction
- Drivers
- Restraints
- Opportunities
- Challenges
- Porter's Five Force Analysis
- Introduction
- Global Benzoic Acid Market, By Product
- Introduction
- Food Grade Benzoic Acid
- Market Overview
- Market Size and Forecast
- Pharma Grade Benzoic Acid
- Market Overview
- Market Size and Forecast
- Industrial Grade Benzoic Acid
- Market Overview
- Market Size and Forecast
- Global Benzoic Acid Market, By Application
- Introduction
- Personal Care & Cosmetics
- Market Overview
- Market Size and Forecast
- Food & Beverages
- Market Overview
- Market Size and Forecast
- Pharmaceuticals
- Market Overview
- Market Size and Forecast
- Plastics
- Market Overview
- Market Size and Forecast
- Paints
- Market Overview
- Market Size and Forecast
- Others
- Market Overview
- Market Size and Forecast
- Global Benzoic Acid Market, By Geography
- Introduction
- North America
- North America Global Benzoic Acid Market, By Type
- North America Global Benzoic Acid Market, By Applications
- Europe
- Europe Global Benzoic Acid Market, By Type
- Europe Global Benzoic Acid Market, By Applications
- Asia-Pacific
- Asia-Pacific Global Benzoic Acid Market, By Type
- Asia-Pacific Global Benzoic Acid Market, By Applications
- Rest of the World
- Rest of the World Global Benzoic Acid Market, By Type
- Rest of the World Global Benzoic Acid Market, By Applications
- Competitive Insights
- Key Insights
- Company Market Share Analysis
- Strategic Outlook
- Mergers & Acquisitions
- New Product Development
- Portfolio/Production Capacity Expansions
- Joint Ventures, Collaborations, Partnerships & Agreements
- Others
- Company Profiles
- Foodchem
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- Yash Rasayan & Chemicals
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- San Fu
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- Hubei Phoenix Chemical
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- FUSHIMI Pharmaceutical
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- Navyug Pharmachem
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- Eastman
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- Hebei Smart Chemicals Company (HSCC)
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- Liao Ning Huayi Chemical
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- JQC (Huayin) Pharmaceutical
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- Wuhan Dico Chemical
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- Changzhou Hubin Medicine
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- Emerald Kalama Chemical
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- Tengzhou Tenglong Chemical
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- REMI FINE CHEM
- Company Overview
- Product/Service Landscape
- Financial Overview
- Recent Developments
- Foodchem
Request For Research Methodology
Report Code
AM23
Single User
US$ 3500*** Benefits ***
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2. Two Countries can add as per your choice
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4. 35+ Countries
*** Services ***
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35+ Countries
*** Services ***
1. Client will get one updated report for a year.
2. Quarterly Industry Update for 1 Year.
3. One research analyst will allocate to you.
4. Query will be resolved within 36 hours.
24*7 Research Support.
Corporate User
US$ 7000*** Benefits ***
1. 25% Free customization
2. Excel Data Sheet
3. Two Countries can add as per your choice
4. Two Company can add as per your choice
5. 35+ Countries
*** Services ***
1. Client will get one updated report for a year.
2. Quarterly Industry Update for 1 Year.
3. One research analyst will allocate to you.
4. Query will be resolved within 36 hours.
5. 24*7 Research Support.
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