The Mandelic Acid Market size was valued at USD 284.12 Million in 2023 and the total Mandelic Acid Market revenue is expected to grow at a CAGR of 14.72% from 2024 to 2030, reaching nearly USD 742.85 Million.
Mandelic Acid Market Overview:
Mandelic acid, an aromatic alpha hydroxy acid represented by the molecular formula C6H5CH (OH) CO2H, manifests as a solid white crystalline substance soluble in water and organic solvents. Its versatility extends to its application as a therapeutic agent and antimicrobial in personal care and pharmaceutical products, addressing concerns such as dark spots, wrinkles, and acne. Furthermore, the compound’s compatibility with methenamine to produce mandelamines renders it valuable in treating urinary tract infections (UTIs). The mandelic acid market is currently experiencing heightened demand, propelled by the surging popularity of skincare products. Renowned for its mild exfoliating properties, mandelic acid assumes a crucial role as a key ingredient in numerous skincare formulations.
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Cosmetic Evolution: Mandelic Acid’s Impact on the Rising Global Market –
In the dynamic landscape of the cosmetics industry, the Mandelic Acid Market emerges as a pivotal force propelling steady annual growth globally. As consumers increasingly prioritize skincare solutions that seamlessly balance gentleness with effectiveness, the demand for products enriched with mandelic acid continues to soar. This surge is underpinned by the compound’s capacity to not only enhance skin appearance but also deliver gentle exfoliation, making it highly sought-after in the cosmetics realm.
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The global cosmetics industry experiences robust annual growth, with mandelic acid-based formulations playing a significant role in driving this upward trajectory. As the beauty landscape evolves with a heightened focus on skincare, mandelic acid market emerges as a key catalyst, shaping industry trends and consumer preferences. Its rising popularity underscores a paradigm shift towards skincare solutions that prioritize efficacy, safety, and compatibility, further solidifying its position as a cornerstone of innovation within the cosmetics industry.
Mandelic Acid Market Dynamics:
The Mandelic Acid Market is witnessing significant growth driven by various factors, notably the increasing demand for treatments for urinary tract infections. Mandelic acid is emerging as a key solution, utilized as bladder irrigation fluid to prevent such infections associated with urethral catheterization. Its unique ability to dissolve struvite and apatite minerals, common culprits in urinary tract stones and catheter-related concerns, is attributed to its pH of 2.4. As per the Urology Care Foundation, urinary tract infections affect a substantial portion of the population, with antibiotics being the primary treatment method. However, mandelic acid presents a promising alternative, particularly in addressing these infections effectively.
Furthermore, the mandelic acid market is poised for growth because of increasing research and development efforts aimed at creating innovative skincare products. Beauty care industries are actively incorporating mandelic acid into their formulations to develop solutions targeting hyperpigmentation, acne, and aging concerns. For instance, CIRDCADIA’s introduction of a cleansing gel featuring mandelic acid highlights its effectiveness in addressing various skin issues. With advancements in manufacturing techniques, mandelic acid-based products are becoming more readily available, meeting the rising demand for effective skincare solutions. The surging interest in personal care and beauty further propels the growth of the Mandelic Acid Market.
Consumers are increasingly drawn to skincare solutions that deliver visible results without causing irritation, aligning with mandelic acid’s gentle exfoliating properties and compatibility with diverse skin types. This trend reflects a broader shift towards self-care and the pursuit of radiant, healthy skin, fueled by social media influence and evolving beauty standards. As such, mandelic acid’s prominence in skincare formulations is expected to continue driving market expansion in the foreseeable future. However, During the forecast period, the Mandelic Acid Market may encounter hindrances due to two key factors: the absence of viable alternatives and the potential for adverse side effects associated with mandelic acid usage. Skin irritation, including symptoms like redness, swelling, itching, and sensitivity, poses a significant challenge, potentially impeding Mandelic Acid Market growth.
Mandelic Acid Market Segmentation:
By Type, DL Type segment dominated the Mandelic Acid Market in 2023 and is expected to hold the largest Mandelic Acid Market share of 54.11% over the forecast period. DL Mandelic Acid, also known as racemic mandelic acid, comprises equal proportions of the L and D forms. Its widespread use across pharmaceuticals and skincare products underscores its versatility and balanced composition, making it a favored option across various industries and securing its dominance in the market. Concurrently, the segment experiencing the most rapid growth in the mandelic acid market is L Mandelic Acid. As the pure form of mandelic acid, L Mandelic Acid is progressively garnering attention in skincare formulations for its efficacy in addressing diverse skin issues.
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Based on Application, Pharmaceutical segment is expected to witness the fastest growth rate CAGR of 15.05% during the forecast period. The product acts as a precursor in pharmaceutical drug synthesis. Additionally, it serves as a key ingredient in manufacturing eye drops for pupil dilation and an active pharmaceutical compound for cough suppression, which are expected to boost mandelic acid demand. Furthermore, its role in producing urotropine mandelic acid, a drug for treating urinary tract infections, should further incentivize purchases within the pharmaceutical sector. With increasing medication sales and a growing pharmaceutical industry, the growth of the market is expected to surge.
Mandelic Acid Market Trends:
1. Consumers are becoming increasingly knowledgeable about skincare ingredients and their benefits. This trend is driving demand for natural and effective ingredients like mandelic acid, which offers gentle exfoliation and helps address various skin concerns.
2. The demand for natural and organic cosmetics and personal care products is surging. Mandelic acid, being derived from bitter almonds, aligns perfectly with this trend, making it a popular choice for manufacturers.
3. Manufacturers are constantly innovating and developing new formulations with mandelic acid. This includes incorporating it into various product categories like serums, cleansers, and masks, catering to diverse consumer needs.
Mandelic Acid Market Regional Analysis:
In 2023, North America emerged as the dominant mandelic acid market, capturing approximately 35.15%. The increasing acceptance of Mandelic Acid in the market is fuelling its demand, with the North American region leading owing to its burgeoning pharmaceutical sector. Mandelic Acid is integral in producing various pharmaceutical active ingredients, such as anti-inflammatory and antibacterial medications, driving its mandelic acid market dominance in the region. Continued advancements in active pharmaceutical drug production and substantial investments in the pharmaceutical sector are expected to further propel the growth of the mandelic acid market.
Europe holds the second-largest mandelic acid market share in 2023, attributed to consumer awareness, education, and innovation in beauty and personal care. Notably, Germany leads the European mandelic acid market in terms of market share, while the UK exhibits the fastest growth in the region. However, The Asia Pacific mandelic acid market is forecasted to experience the highest CAGR of 15.45% between 2024 and 2030. This growth can be attributed to various factors, including increasing demand from sectors such as food and beverage, pharmaceuticals, cosmetics, and personal care. Moreover, the region’s substantial population contributes significantly to the demand for these products. The presence of numerous small and medium-sized businesses engaged in the production of mandelic acid and its derivatives is driving the growth of the industry in the Asia Pacific mandelic acid market.
Mandelic Acid Market Competitive Analysis:
The mandelic acid market is competitive with global, regional and emerging brands competing for market share. Companies invest in R&D to innovate products and meet consumer demands to stay ahead of competition. The growth of the analysed mandelic acid market is being positively influenced by new product launches and strategic initiatives by key players. For example,
1. In May 2023, Wishtrend, a renowned Korean skincare brand, introduced its latest offering, the Mandelic Acid 5% Skin Prep Water. This product, functioning as a toner, aims to exfoliate the skin and optimize the absorption of additional skincare products.
2. in June 2023, Paula’s Choice, a prominent skincare brand, unveiled its Resist Daily Smoothing Treatment with 10% Mandelic Acid. This moisturizer is designed to not only moisturize the skin but also exfoliate it, promoting a smoother appearance and reducing the visibility of fine lines and wrinkles.
3.In July 2023, The Inkey List, another well-known skincare brand, launched its Mandelic Acid 10% Exfoliating Solution. This serum targets skin exfoliation, aiming to enhance the skin’s texture and diminish the appearance of blemishes.
Mandelic Acid Market Scope:Inquire Before Buying
| Global Mandelic Acid Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 284.12 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 14.72% | Market Size in 2030: | US $ 742.85 Mn. |
| Segments Covered: | by Type | DL Type L Type D Type |
|
| by Application | Pharmaceutical Cosmetics & Personal Care Textiles & Dye Intermediates Others |
||
Mandelic Acid Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Mandelic Acid Market Key Players:
North America Mandelic Acid Market Top Players:
1. Sigma-Aldrich (United States)
2. Spectrum Chemicals (United States)
3. Alfa Aesar (now part of Thermo Fisher Scientific) (United States)
4. Avantor (United States)
5. Synerzine (United States)
6. MP Biomedicals (United States)
7. Parchem Fine & Specialty Chemicals (United States)
8. Toronto Research Chemicals (Canada)
9. Pure Chemistry Scientific (United States)
10. Dow Chemical Company (United States)
11. Toronto Research Chemicals (Canada)
Europe Mandelic Acid Market Top Players:
1. Clariant (Switzerland)
2. BASF SE (Germany)
3. Evonik Industries AG (Germany)
4. Solvay SA (Belgium)
5. Arkema Group (France)
APAC Mandelic Acid Market Top Players:
1. Guangzhou Tinci Materials Technology Co., Ltd. (China)
2. Anhui Sunsing Chemicals Co., Ltd. (China)
3. Neostar United Industrial Co., Ltd. (China)
4. Hangzhou DayangChem Co. Ltd. (China)
5. Wuhan Waking Lion Chemicals Co., Ltd. (China)
6. Haihang Industry Co., Ltd. (China)
7. Shanghai Ruizheng Chemical Technology Co., Ltd. (China)
8. Finetech Industry Limited (China)
9. Jiangsu Jurong Chemical Process Co., Ltd. (China)
10. Mitsubishi Chemical Corporation (Japan)
FAQs:
1] Which region is expected to hold the highest share in the Market?
Ans. North America region is expected to hold the highest share in the Market.
2] Who are the top key players in the Market?
Ans. Clariant, Sigma-Aldrich, Synerzine are the top key players in the Market.
3] Which segment is expected to hold the largest market share in the Market by 2030?
Ans. Pharmaceutical segment is expected to hold the largest market share in the Market by 2030.
4] What is the market size of the Market by 2030?
Ans. The market size of the Market is expected to reach US $ 742.85 Mn. by 2030.
5] What was the market size of the Market in 2023?
Ans. The market size of the Market was worth US $ 284.12 Mn. in 2023.
The post Mandelic Acid Market: Growing Consumer Awareness in Personal Care Products is Driving up the Demand for Mandelic Acid | Global Industry Analysis and Forecast (2024-2030) | MMR appeared first on MAXIMIZE MARKET RESEARCH.