Press release
Benzoic Acid Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast | Emerald Kalama LLC, IG Petrochemicals Ltd., Merck KGaA, Chemcrux Enterprises Ltd
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Benzoic Acid Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.71 billion In 2028 At A CAGR Of 5.4% :
The benzoic acid market size has grown strongly in recent years. It will grow from $1.31 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to food preservation demand, pharmaceutical applications, chemical intermediate, growing end-use industries, stringent regulatory standards..
The benzoic acid market size is expected to see strong growth in the next few years. It will grow to $1.71 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to population growth, rising healthcare needs, technological advancements, economic development, sustainable practices.. Major trends in the forecast period include shift towards benzoic acid salts, increasing demand in plasticizers production, growth in end-use industries in emerging economies, research and development for novel applications..
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=10847&type=smp
Benzoic Acid Market Major Segments
The benzoic acid market covered in this report is segmented -
1) By Form: Powder, Granules
2) By Application: Sodium Benzoate, Potassium Benzoate, Benzyl Benzoate, Benzoate Plasticizers, Alkyd Resin, Benzoyl Chloride, Feed Additives, Other Applications
3) By End Use: Food And Beverages, Chemical Industry, Pharmaceutical Industry, Other End Uses
Key Driver - Rising Processed Food Demand Boosts Benzoic Acid Market
The increasing demand for processed foods is expected to drive the benzoic acid market going forward. Processed foods refer to food products that have undergone various alterations or modifications through processing techniques before they are consumed. These alterations can include the addition of preservatives and additives. Benzoic acid is widely used as a preservative in processed food products due to its antimicrobial properties, which help prevent the growth of bacteria, fungi, and yeast. It helps extend the shelf life of food items and maintain their quality and safety. For instance, in November 2022, according to OJ digital solutions, a US-based marketing agency company, the US online grocery market, which also sells packaged foods, is expected to earn $187.7 billion in revenue by 2024, up from around $95.8 billion in revenue in 2020. Therefore, the increasing demand for processed foods will drive the benzoic acid market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=10847&type=smp
Prominent Trend - Benzoic Acid Market Leaders Embrace Product Innovation
Product innovation is a popular trend in the benzoic acid market. Major companies operating in the benzoic acid market are focused on product innovations to sustain their position in the market. For instance, in June 2022, Menno Chemie GmbH & Co KG., a Germany-based chemical wholesaler company, launched A-QUASAN, a novel disinfectant formulated with benzoic acid for all sectors of fresh produce processing and the disinfection of drinking water systems. A-QUASAN is a highly effective at low concentrations against a wide spectrum of pathogens. Benzoic acid's presence in the product and its strong biodegradability leaves no significant residues, and its performance stays exceptionally stable for up to 16 hours.
Benzoic Acid Market Players
Major companies operating in the benzoic acid market report are Emerald Kalama LLC, IG Petrochemicals Ltd., Merck KGaA, Chemcrux Enterprises Ltd., The Chemical Company, Ganesh Benzoplast Ltd., Huayin Jinqiancheng Pharmaceutical Co Ltd., Wuhan Youji Industries Co Ltd., Tianjin Dongda Chemical Group Co Ltd., Lanxess AG, Eastman Chemical Company, Avantor Inc., Novaphene Specialities Pvt Ltd, DuPont de Nemours Inc., Krishna Speciality Chemicals Pvt Ltd., Srihari Chemicals, Nantong Haiers, Huangshi Taihua Industry, Yash Rasayan & Chemicals, JQC (Huayin) Pharmaceutical, Wuhan Dico Chemical, Hubei Phoenix Chemical, Changzhou Hubin Medicine, Tengzhou Tenglong Chemical, Remi Fine, Hebei Smart Chemicals Company, Liao Ning Huayi Chemical, Zhejiang Shengxiao Chemicals Co. Ltd., Yasho Industries, Wuhan Ruiji Chemical Co. Ltd.
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/benzoic-acid-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the global benzoic acid market in 2023. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Benzoic Acid Market Report Structure
3. Benzoic Acid Market Trends And Strategies
4. Benzoic Acid Market - Macro Economic Scenario
5. Benzoic Acid Market Size And Growth
…..
27. Benzoic Acid Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Benzoic Acid Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.71 billion In 2028 At A CAGR Of 5.4% :
The benzoic acid market size has grown strongly in recent years. It will grow from $1.31 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to food preservation demand, pharmaceutical applications, chemical intermediate, growing end-use industries, stringent regulatory standards..
The benzoic acid market size is expected to see strong growth in the next few years. It will grow to $1.71 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to population growth, rising healthcare needs, technological advancements, economic development, sustainable practices.. Major trends in the forecast period include shift towards benzoic acid salts, increasing demand in plasticizers production, growth in end-use industries in emerging economies, research and development for novel applications..
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=10847&type=smp
Benzoic Acid Market Major Segments
The benzoic acid market covered in this report is segmented -
1) By Form: Powder, Granules
2) By Application: Sodium Benzoate, Potassium Benzoate, Benzyl Benzoate, Benzoate Plasticizers, Alkyd Resin, Benzoyl Chloride, Feed Additives, Other Applications
3) By End Use: Food And Beverages, Chemical Industry, Pharmaceutical Industry, Other End Uses
Key Driver - Rising Processed Food Demand Boosts Benzoic Acid Market
The increasing demand for processed foods is expected to drive the benzoic acid market going forward. Processed foods refer to food products that have undergone various alterations or modifications through processing techniques before they are consumed. These alterations can include the addition of preservatives and additives. Benzoic acid is widely used as a preservative in processed food products due to its antimicrobial properties, which help prevent the growth of bacteria, fungi, and yeast. It helps extend the shelf life of food items and maintain their quality and safety. For instance, in November 2022, according to OJ digital solutions, a US-based marketing agency company, the US online grocery market, which also sells packaged foods, is expected to earn $187.7 billion in revenue by 2024, up from around $95.8 billion in revenue in 2020. Therefore, the increasing demand for processed foods will drive the benzoic acid market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=10847&type=smp
Prominent Trend - Benzoic Acid Market Leaders Embrace Product Innovation
Product innovation is a popular trend in the benzoic acid market. Major companies operating in the benzoic acid market are focused on product innovations to sustain their position in the market. For instance, in June 2022, Menno Chemie GmbH & Co KG., a Germany-based chemical wholesaler company, launched A-QUASAN, a novel disinfectant formulated with benzoic acid for all sectors of fresh produce processing and the disinfection of drinking water systems. A-QUASAN is a highly effective at low concentrations against a wide spectrum of pathogens. Benzoic acid's presence in the product and its strong biodegradability leaves no significant residues, and its performance stays exceptionally stable for up to 16 hours.
Benzoic Acid Market Players
Major companies operating in the benzoic acid market report are Emerald Kalama LLC, IG Petrochemicals Ltd., Merck KGaA, Chemcrux Enterprises Ltd., The Chemical Company, Ganesh Benzoplast Ltd., Huayin Jinqiancheng Pharmaceutical Co Ltd., Wuhan Youji Industries Co Ltd., Tianjin Dongda Chemical Group Co Ltd., Lanxess AG, Eastman Chemical Company, Avantor Inc., Novaphene Specialities Pvt Ltd, DuPont de Nemours Inc., Krishna Speciality Chemicals Pvt Ltd., Srihari Chemicals, Nantong Haiers, Huangshi Taihua Industry, Yash Rasayan & Chemicals, JQC (Huayin) Pharmaceutical, Wuhan Dico Chemical, Hubei Phoenix Chemical, Changzhou Hubin Medicine, Tengzhou Tenglong Chemical, Remi Fine, Hebei Smart Chemicals Company, Liao Ning Huayi Chemical, Zhejiang Shengxiao Chemicals Co. Ltd., Yasho Industries, Wuhan Ruiji Chemical Co. Ltd.
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/benzoic-acid-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the global benzoic acid market in 2023. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Benzoic Acid Market Report Structure
3. Benzoic Acid Market Trends And Strategies
4. Benzoic Acid Market - Macro Economic Scenario
5. Benzoic Acid Market Size And Growth
…..
27. Benzoic Acid Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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