Potassium Benzoate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Potassium Benzoate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Potassium Benzoate Price Trend for the First Half of 2023


In the Asia Pacific region, prices of potassium benzoate declined in the initial phase due to the falling market activities of the food, pharmaceuticals, and related sectors. But towards the end of the quarter, the trend inclined till the middle of the second quarter. This phase of the market was positively influenced by a significant rise in the number of new orders from both domestic and international buyers, with a strong supply to sustain this high demand.

The cost of raw materials and fluctuations in the energy sector also supported the northward trajectory of the potassium benzoate price trend. However, in the later months, the prices began to decline. Several factors, such as the reduced number of new orders, the falling market of raw materials, and the increasing level of inventories, adversely affected the potassium benzoate prices.


The European region was negatively impacted by the ample availability of feedstock materials and falling demand dynamics of the region in the first quarter of 2023. The trend improved slightly in the later months of the first quarter and in the initial phase of the second quarter. This hike was supported by the unexpected increase in domestic orders and surging costs of energy production and shipments. The rise was, however, short-lived as the prices of potassium benzoate declined again as weak demand dynamics circled around the market.

North America

The low prices of feedstock materials and sufficient availability of the product in the market hampered the growth of potassium benzoate prices. A phase of stability was observed in the initial months of the second quarter, but the trend soon declined again. The hike was supported by the improvement in demand and a reduction in the number of inventories. However, the decline in prices was attributed to the slow market activities and hesitation in consumer confidence in the market.

Analyst Insight

According to Procurement Resource, the price of Potassium Benzoate is estimated to depict a fluctuating trajectory as the falling global market activities and slow demand will negatively impact the potassium benzoate price trends.

Procurement Resource provides latest prices of Potassium Benzoate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.


Potassium benzoate is the potassium salt of benzoic acid that has strong antimicrobial activities. Due to its ability to restrict the growth of microorganisms, this salt is highly employed in the food and beverage industries. In addition to this, salt also aids in increasing the shelf-life of food, beverages, personal care items, and pharmaceuticals.

Product Details

Report Features Details
Product Name Potassium Benzoate
Chemical formula C7H5KO2
Industrial Uses Food preservative, Pharmaceutical and personal care products, Water treatment
HS Code 29163190
CAS Number 582-25-2
Molecular weight 160.213 g/mol
Supplier Database Emerald Kalama Chemical, Tengzhou Tenglong Chemical, A.M. Food Chemical, Macco Organiques Inc, Shandong Tong Tai Wei Run Chemical
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

The oxidation reaction of toluene gives benzoic acid in the first step of the reaction. Further reaction of benzoic acid with bicarbonates, or hydroxide or carbonates of potassium, produces potassium benzoate.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Table Of Contents

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.


Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.