diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1dee8e73a..d3e958385 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -22,6 +22,7 @@ This project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.htm
 - Apply the value length limits to `Record` attributes in `go.opentelemetry.io/otel/sdk/log`. (#5230)
 - De-duplicate map attributes added to a `Record` in `go.opentelemetry.io/otel/sdk/log`. (#5230)
 - The `go.opentelemetry.io/otel/exporters/stdout/stdoutlog` exporter won't print `AttributeValueLengthLimit` and `AttributeCountLimit` fields now, instead it prints the `DroppedAttributes` field. (#5272)
+- Improved performance in the `Stringer` implementation of `go.opentelemetry.io/otel/baggage.Member` by reducing the number of allocations. (#5286)
 
 ## [1.26.0/0.48.0/0.2.0-alpha] 2024-04-24
 
diff --git a/baggage/baggage.go b/baggage/baggage.go
index 75773bc1c..f98c54a3c 100644
--- a/baggage/baggage.go
+++ b/baggage/baggage.go
@@ -335,9 +335,9 @@ func (m Member) String() string {
 	// A key is just an ASCII string. A value is restricted to be
 	// US-ASCII characters excluding CTLs, whitespace,
 	// DQUOTE, comma, semicolon, and backslash.
-	s := fmt.Sprintf("%s%s%s", m.key, keyValueDelimiter, valueEscape(m.value))
+	s := m.key + keyValueDelimiter + valueEscape(m.value)
 	if len(m.properties) > 0 {
-		s = fmt.Sprintf("%s%s%s", s, propertyDelimiter, m.properties.String())
+		s += propertyDelimiter + m.properties.String()
 	}
 	return s
 }
diff --git a/baggage/baggage_test.go b/baggage/baggage_test.go
index e8f67761f..9ed18791a 100644
--- a/baggage/baggage_test.go
+++ b/baggage/baggage_test.go
@@ -1027,3 +1027,18 @@ func BenchmarkValueEscape(b *testing.B) {
 		})
 	}
 }
+
+func BenchmarkMemberString(b *testing.B) {
+	alphabet := "abcdefghijklmnopqrstuvwxyz"
+	props := make([]Property, len(alphabet))
+	for i, r := range alphabet {
+		props[i] = Property{key: string(r)}
+	}
+	member, err := NewMember(alphabet, alphabet, props...)
+	require.NoError(b, err)
+	b.ReportAllocs()
+	b.ResetTimer()
+	for i := 0; i < b.N; i++ {
+		_ = member.String()
+	}
+}