Last Updated: 24 Jun 2025
Source: Statifacts
The U.S. benzoic acid market size was estimated at USD 88.42 million in 2024 and is projected to be worth around USD 139.99 million by 2034, growing at a CAGR of 4.7% from 2025 to 2034.
Industry Worth | Details |
Market Size in 2025 | USD 92.88 Million |
Market Size by 2034 | USD 139.99 Million |
Market Growth Rate from 2025 to 2034 | CAGR of 4.7% |
The U.S. benzoic acid market is a dynamic segment within the overall chemical industry, providing scope for the market with its versatile functionality and wide spectrum of applications. Situated as a plant-based product, benzoic acid is considered the primary preservative for the shelf life extension of packaged foods and beverages, while also protecting against safety and quality issues. High-end industrial applications of benzoic acid fall in the pharmaceutical, cosmetic, and personal care industries, as well as in the chemical industry, broadly for the synthesis of alkyd resins, plasticizers, and other specialty chemicals.
With urbanization, altered food habits, and dependence on packaged foods and convenience foods, the market growth continues to remain firm. Benzoic acid is used as a food preservative, often in conjunction with corn syrup, to prevent spoilage in acidic foods and beverages. An increasing awareness amongst consumers regarding the safety and hygiene of products has further driven the demand for safe preservatives. The benzoic acid market will continue to flourish as its applications diversify and production technologies evolve.
The market trends in the U.S. benzoic acid market are defined by increased use in different applications, such as personal care products, food and beverages, and pharmaceutical applications.
The growth of the U.S. benzoic acid market is restrained by factors such as health concerns, environmental regulations, and increasing consumer backlash against the use of preservatives such as benzoic acid.
The opportunities in the U.S. benzoic acid market are associated with optimization of production, AI-assisted product development, and sustainability.
Published by Saurabh Bidwai
The U.S. benzoic acid market is experiencing increased usage in various applications such as food preservation, personal care products, and pharmaceuticals. The rise in processed food consumption, the expansion of the personal care and cosmetic industries, and growing demand for safe preservatives are key trends. Additionally, there is a shift towards natural preservatives driven by consumer preferences and regulatory pressures.
The market faces restraints due to health concerns related to benzene formation, strong environmental regulations, and consumer backlash against preservatives. Additionally, the demand for clean-label and additive-free products is limiting benzoic acid’s use, and competition from natural alternatives like citric acid is growing.
Opportunities include AI-driven production optimization, the development of advanced derivatives for pharmaceuticals and cosmetics, and green, bio-based production methods. Additionally, digitalization of logistics and supply chains presents opportunities to improve efficiency in the industry.
The competitive landscape includes key players like Velsicol Chemical LLC, The Chemical Company, and American International Ingredients, Inc. Market competition is influenced by factors such as production capacity, product quality, and distribution networks. Recent acquisitions and strategic partnerships indicate ongoing industry consolidation.
The market is expected to grow at a CAGR of 4.7%, reaching USD 139.99 million by 2034. The future is driven by increased applications, particularly in food, personal care, and pharmaceuticals, with innovation in natural preservatives and sustainable production methods shaping long-term growth. However, regulatory pressures and shifting consumer preferences could present challenges.
Stats ID: | 8461 |
Format: | Databook |
Published: | June 2025 |
Delivery: | Immediate |
Last Updated: 24 Jun 2025
Source: Statifacts
Last Updated: 24 Jun 2025
Source: Statifacts
Subsegment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
---|---|---|---|---|---|---|---|---|---|---|---|
Food & Beverage | 34.40 | 36.00 | 37.70 | 39.40 | 41.40 | 43.20 | 45.00 | 46.90 | 48.70 | 50.50 | 52.40 |
Chemicals & Plastics | 24.60 | 25.90 | 27.30 | 28.80 | 30.40 | 32.00 | 33.50 | 35.10 | 36.60 | 38.20 | 39.80 |
Pharmaceuticals | 21.10 | 22.40 | 23.70 | 25.20 | 26.70 | 28.20 | 29.70 | 31.20 | 32.70 | 34.20 | 35.70 |
Others (Textiles, etc.) | 8.30 | 8.60 | 9.00 | 9.30 | 9.70 | 10.10 | 10.50 | 10.90 | 11.30 | 11.70 | 12.10 |
Last Updated: 24 Jun 2025
Source: Statifacts
Stats ID: | 8461 |
Format: | Databook |
Published: | June 2025 |
Delivery: | Immediate |
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