In 2023, the import of Benzoic Acid to the US stood at 37.1 million kilograms. The forecast data indicates a steady year-on-year increase from 2024, with 38.24 million kilograms, gradually rising to 42.666 million kilograms by 2028. The average annual growth rate (CAGR) is approximately 2.4% over the next five years, reflecting a modest upward trend.
Future trends to watch for:
- Potential impact of regulatory changes on import volumes.
- Fluctuations in global supply chain conditions affecting availability.
- Evolving consumer preferences towards organic preservatives may impact demand.
