Global Alpha Hydroxy Acid Market Size to grow USD 3.2 Billion by 2030 | CAGR of 8.5%

Global Alpha Hydroxy Acid  Market Size To Worth USD 1.2  Billion By 2030

The Global Alpha Hydroxy Acid Market is projected to grow from USD 1.2 billion in 2021 to USD 2.2 billion by 2030 at a CAGR of 8.5% during the forecast period. as per the latest research report by Spherical Insights & Consulting.

Many cosmetic products contain the class of acids known as alpha-hydroxy acids (AHAs), which are derived from both plants and animals. These include both common anti-aging products like lotions, toners, and serums as well as procedures like chemical peels. AHA-containing products are promoted for their ability to unclog pores, improve skin tone and texture, lessen the visibility of fine lines and surface wrinkles, and generally improve skin health. AHAs can be utilized in cosmetics to alter pH, for instance (the degree of acidity or alkalinity). The FDA has evaluated data indicating that topically applied cosmetics using alpha hydroxy acids (AHAs) as components may make skin more sensitive to sunlight while being used. After the usage is stopped, it may increase skin sensitivity to the sun, thus increasing the probability of sunburn. Therefore, the growing awareness of the potential adverse effects, such as skin sensitivity, burning, irritation, and redness, may restrain market expansion. Although the demand for personal care products has increased due to new product developments and technological advancements like social commerce, digital diagnostics, and E-makeup, it is anticipated that the market share for alpha-hydroxy acids will rise throughout the forecast period. Demand for alpha hydroxy acid has increased due to the promising outlook for the cosmetics, fragrance, haircare, and skincare industries.

This research report categorizes the market for alpha hydroxy acid based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the alpha hydroxy acid market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the alpha hydroxy acid market.

Browse key industry insights spread across 200 pages with 102 market data tables and figures & charts from the report “Global Alpha Hydroxy Acid Market Size, Share, and COVID-19 Impact Analysis, By Product (Glycolic Acid, Lactic Acid, Citric Acid, and Others), By Application (Cosmetics and Dermal), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030” in detail along with the table of contents https://www.sphericalinsights.com/reports/alpha-hydroxy-acid-market

Based on the Product, the alpha hydroxy acid market is categorized into Glycolic Acid, Lactic Acid, Citric Acid, and Others. The glycolic segment is expected to grow at a significant CAGR due to the growing demand for over-the-counter skin care products. The market is expected to continue to grow by rising demand for glycolic acid in the cosmetic sector and personal care products, particularly as a favored ingredient in anti-aging, anti-pollution, and over-the-counter skin care products.

Based on Application, the Alpha Hydroxy Acid Market is categorized into Cosmetics and Dermal. The cosmetic segment is further categorized into Skincare, Hair Care, Makeup, and Fragrances. The cosmetic segment has accounted for the largest revenue in the market as the expenditure on cosmetic products is rising owing to changes in living standards in developing countries. The qualities of cosmetic items, such as their capacity to lessen wrinkles, acne scars, and ageing symptoms, will also have an impact on market size. The market is also expected to be driven by detangling tools and hair care items that treat hair loss. The industrial landscape will be much improved during the projected period as a result of customers turning more and more toward premium and luxury brands. The dermal segment is also likely to expand at a high CAGR as demand for facial aesthetics is increasing. Also, the surge in dermal fillers and invasive cosmetic procedures are likely to boost the market.

The Alpha Hydroxy Acid Market is segmented based on region: North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to be the largest market. As customer preferences for beauty products alter due to the risks associated with pollution, sun exposure, and other contaminants, regional industry statistics will grow. Supporting governmental regulations is also crucial for developing the chemical goods sector. Rising consumer spending on personal care products will spur market expansion during the forecast period. Moreover, increased use of mouthwash, peels, and products for acne scars is also driving market share.

The Europe market is expected to grow at the fastest CAGR between 2021 and 2030, owing to the rising demand for citric acid from food & pharma manufacturers as they have low toxicity. Also, an increase in awareness of the harmful effects of chemicals that are used every day has led customers to shift to organic products to reduce their chemical intake. This phenomenon has formed an optimistic outlook for the budding market for citric acid in the European region.

Some of the Key Developments:

• In August 2022, Airedale Chemical Company Limited announced that they will implement numerous investment projects which will be worth more than £2 million as part of their new ten-year growth plan and commitment to increasing the use of technology in the business.

• In March 2021, Corbion announced the launch of a multi-faceted initiative to increase its capacity for producing lactic acid and lactic-acid derivatives. This strategy helps the company to meet the growing global demand for lactic acid.

Market Segment

This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Alpha Hydroxy Acid market based on the below-mentioned segments:

Alpha Hydroxy Acid Market, By Product

• Glycolic Acid
• Lactic Acid
• Citric Acid
• Others

Alpha Hydroxy Acid Market, By Application

• Cosmetics
• Dermal

Alpha Hydroxy Acid Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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