Benayoun: England World Cup favourites
The Israeli - who is close to clocking up a century of Premier League appearances for the Reds - believes Fabio Capello's players are good enough to be world beaters with the strength of their squad and the Italian's tactics.
"I'm not saying this only because I am in England, but I do believe England are the favourites," he told Liverpool's official website.
"They have very good players and I think Capello has got them playing very well."
Benayoun has been capped 78 times for his country but has never played in a major national competition - something the Anfield star is aiming to achieve in the 2012 European Championships.
"I hope so. I just hope I still have time because I will be 34 then," he said.
"We were very disappointed this time because we felt the group gave us a good chance to qualify but we didn't play well enough.
"I will be 32 at the next European Championships, so hopefully I will be able to help Israel qualify for those and then the 2014 World Cup."