Global Mandelic Acid Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

DL Type, L Type and D Type.

By Application;

API Synthesis and Other.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn272920062 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Mandelic Acid Market (USD Million), 2020 - 2030

In the year 2023, the Global Mandelic Acid Market was valued at USD 351.46 million. The size of this market is expected to increase to USD 858.08 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 13.6%.

The global mandelic acid market has experienced significant growth in recent years, driven by its widespread applications in various industries such as pharmaceuticals, cosmetics, and skincare. Mandelic acid, an alpha hydroxy acid derived from bitter almonds, has gained popularity due to its effectiveness in treating various skin concerns, including acne, hyperpigmentation, and aging signs. Its gentle exfoliating properties and ability to promote skin renewal make it a sought-after ingredient in skincare formulations, contributing to the expansion of the cosmetic and personal care sectors.

Moreover, mandelic acid's antimicrobial and anti-inflammatory properties have propelled its adoption in pharmaceutical products, particularly in the treatment of acne and bacterial infections. The pharmaceutical industry's increasing focus on developing safe and efficacious skincare solutions has further driven demand for mandelic acid, driving market growth. Additionally, the rising prevalence of skin conditions and the growing consumer inclination towards natural and organic skincare ingredients have bolstered the demand for mandelic acid-based products, fueling market expansion globally.

Furthermore, advancements in technology and manufacturing processes have led to the development of high-quality mandelic acid derivatives, expanding its applications beyond skincare and pharmaceuticals. The versatility of mandelic acid in addressing various skin concerns while ensuring minimal irritation has positioned it as a preferred ingredient in a wide range of products, including cleansers, serums, peels, and topical treatments. As consumer awareness regarding skincare ingredients continues to grow, the global mandelic acid market is expected to witness sustained growth, driven by innovation, product diversification, and increasing demand for safe and effective skincare solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Mandelic Acid Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand in Skincare Products
        2. Growing Consumer Awareness About Skincare Ingredients
        3. Expansion of Pharmaceutical Applications
      2. Restraints
        1. Limited Awareness and Understanding of Mandelic Acid
        2. Regulatory Challenges and Compliance Issues
        3. Potential Side Effects and Sensitivity Concerns
      3. Opportunities
        1. Advancements in Formulations and Technologies
        2. Expansion into Emerging Markets
        3. Rising Demand for Natural and Organic Skincare Products
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Mandelic Acid Market, By Product, 2022 - 2032 (USD Million)
      1. DL Type
      2. L Type
      3. D Type
    2. Global Mandelic Acid Market, By Application, 2022 - 2032 (USD Million)
      1. API Synthesis
      2. Other
    3. Global Mandelic Acid Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Clariant
      2. Huahong Group
      3. Alfa Aesar
      4. Yufeng International Co., Ltd.
      5. Shanghai Hanhong Chemical Co., Ltd.
      6. Wuhan Yuancheng Gongchuang Technology Co., Ltd.
      7. Wuhan Waking Lion Chemicals Co., Ltd.
      8. Hubei YuanCheng SaiChuang Technology Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market

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