Ameco Research Analyst estimated that the global market for Mandelic Acid will rise at a CAGR of more than 13% during the forecast period, with a market size of over USD 720 Million by 2030.
Mandelic acid is an alpha hydroxy acid (AHA) that is used in skin exfoliation. Acne, hyperpigmentation, and aging skin are all treated with it. Mandelic acid can be found in both over-the-counter and professional chemical peels. Because it is the gentlest of all the alpha-hydroxy acids, it is suitable for a wide range of skin types. Using mandelic acid on a regular basis can help with a variety of skin problems. Mandelic acid's effects, like those of nearly other skincare products, are cumulative. Mandelic acid can help remove sun spots, freckles, age spots, post-inflammatory hyperpigmentation, and melasma, among other hyperpigmentations. Mandelic acid is also a modest anti-aging therapy. It can help soften fine wrinkles and may improve suppleness and elasticity over time. However, it will not effectively eliminate expression lines such as those between your brows (aptly called the "11s"). However, if your skin is dry, mandelic acid has been found in a few trials to help dry skin create more of its own sebum or natural oil.
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Market Dynamics
Rising consumer knowledge about skin treatments, rising consumer expenditure on beauty goods, and rising demand from the pharmaceutical sector for antimicrobial products are projected to propel the worldwide mandelic acid market forward. With each passing year, consumer expenditure on cosmetic goods rises. Cosmetic makers in the region are drawn to their approach to smooth facial skin. People are pushing themselves to new heights in order to acquire the looks they want, and they're using procedures like plastic surgery and fillers to do it. According to the United States Census Bureau and the Simmons National Consumer Survey, the typical American spends $322.88 per year on skincare. The estimated $15,000 in lifetime spending equates to approximately 46.5 years of dedicated skincare shopping.
Because of its capacity to treat skin disorders including acne and hyperpigmentation, the product is in high demand in the cosmetic business, which should drive the mandelic acid market share. Furthermore, the substance is employed as a critical raw element in the production of dyes and pigments, which pushes its use in the textile sector. It is also utilized in the creation of fine chemicals, which are used in a variety of industries, including the electronic industry during the manufacturing process.
Due to the recent events surrounding the COVID-19 epidemic, various governments and private sector businesses suspended operations, putting an end to mandelic acid production. Mandelic acid production came to a standstill around the world due to a lack of raw materials, labor shortages, and other factors, resulting in a contraction of the mandelic acid market.
Mandelic acid is a cosmetic ingredient with a wide range of uses, including exfoliating dead skin, mending damaged skin, curing freckles, and generating an anti-aging approach. Government limitations on mandelic acid, on the other hand, are one of the reasons that could limit market expansion.
Global Mandelic Acid Market Classification
The mandelic acid market is divided into four categories: type, application, industry vertical, and geography. The type segment can be categorized into DL type, L type, and D type. The worldwide mandelic acid market is dominated by the DL mandelic acid segment. Because of its antibacterial properties, DL mandelic acid is widely utilized in cosmetic and personal care products to revitalize damaged and aging skin. The application segment is categorized into dye intermediates, API synthesis and others. Furthermore, based on industry vertical, the market is split into cosmetics, chemical and petrochemical, healthcare, food & beverages, and others.
Regional Stance
North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa (MEA) are the regional categorization of the global Mandelic Acid market. Among all the regions, the North American region acquired the maximum amount of share in 2021 and is likely to continue its trend during the forecast period 2022 – 2030. The demand for mandelic acid in North America is predicted to increase due to an increase in human aging and the EPA's approval to use it as a medicine and cream ingredient. The European mandelic acid market is likely to benefit from an increase in drug shedding and the attractiveness of medicinal products.
Major Players
The top players offered in the report include BASF, BIOTEC, Hanhong Chemicals, Keyuan Biopharma, R.L. Chemicals, Runder Pharmda, Shengyu Chemical, Smart Chemicals, TNJ, Xingtai Science and Technology, and Xinhetai Science and Technology.
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