Global Azelaic Acid Market Insights Forecasts to 2033

• The Global Azelaic Acid Market Size was Valued at USD 200.80 Million in 2023
• The Market Size is Growing at a CAGR of 7.30% from 2023 to 2033
• The Worldwide Azelaic Acid Market Size is Expected to Reach USD 406.10 Million by 2033
• Aisa Pacific is Expected to Grow the fastest during the forecast period.

The Global Azelaic Acid Market Size is Anticipated to Exceed USD 406.10 Million by 2033, Growing at a CAGR of 7.30% from 2023 to 2033.

Market Overview

Azelaic acid is a topical medication that treats acne, rosacea, and skin discoloration. Azelaic acid is a dicarboxylic acid that occurs naturally in cereal grains such as wheat, rye, barley, and animal products. Azelaic acid is available in gel, foam, and cream forms on prescription (Azelex and Finacea) and at lower doses as over-the-counter preparations. Azelaic acid strengths range from 10% to 12% for over-the-counter products to more than 15% for prescriptions. Azelaic acid provides anti-inflammatory actions without being very irritating. The azelaic acid market is expected to rise steadily over the projected period, driven by increased demand for skin lightening and the treatment of hyperpigmentation and acne. Its widespread application in both the pharmaceutical and cosmetic industries will be critical in driving market expansion. Furthermore, increased awareness about the usefulness of azelaic acid in treating various skin disorders is projected to boost sales prospects.

Report Coverage

This research report categorizes the market for azelaic acid market 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 azelaic 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-segment of the azelaic acid market.

Driving Factors

One of the primary driving factors of the azelaic acid market is its efficacy in treating various dermatological conditions. Azelaic acid, a naturally occurring dicarboxylic acid found in wheat, rye, and barley, produces a melanin-based tanning effect when administered topically to the skin. Azelaic acid is known for its effectiveness in managing acne and rosacea, as well as hyperpigmentation disorders like melasma. Moreover, the growing demand for skincare products that address specific dermatological needs, coupled with increasing consumer awareness and preferences for effective and scientifically-backed ingredients, further drives the market for azelaic acid. Additionally, advancements in formulation technologies and expanding applications in cosmetic and pharmaceutical sectors contribute to its market growth by offering diverse product options and enhancing treatment outcomes.   

Restraining Factors

The azelaic acid market faces several challenges that constrain its growth and adoption including limited awareness among consumers and healthcare professionals about its benefits, regulatory hurdles that vary by region and slow down approvals, and the availability of alternative treatments for similar dermatological conditions. Concerns over side effects, such as skin irritation, and the complexities of formulation also contribute to its restrained market expansion. Additionally, patent protections and competition impact accessibility and pricing, while consumer preferences and perceptions favoring other ingredients further affect its market acceptance.

Market Segmentation

The azelaic acid market share is classified into grade type and application.

• The pharma-grade segment is estimated to hold the highest market revenue share through the projected period.  

Based on the grade type, the azelaic acid market is classified into polymer-grade, pharma-grade, and technical-grade. Among these, the pharma-grade segment is estimated to hold the highest market revenue share through the projected period. This dominance is due to its high purity and tight quality standards, which make it excellent for pharmaceutical and cosmetic applications that treat skin diseases like acne, rosacea, and hyperpigmentation disorders. Regulatory compliance and increased consumer awareness of dermatologically tested goods bolster demand for pharma-grade azelaic acid, consolidating its position as the market's leading sector. Furthermore, it acts as a bleaching or whitening active ingredient in skincare products.

• The plastics segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the azelaic acid market is divided into pharmaceuticals, adhesives, plastics, lubricants, personal care & cosmetics, and others. Among these, the plastics segment is anticipated to hold the largest market share through the forecast period. This dominance stems from azelaic acid's vital role as a polymerization catalyst in the manufacture of a variety of plastics, particularly engineering plastics such as polyamides used in automotive, electronics, and industrial applications. The growing need for lightweight and high-performance materials in industries such as automotive and aerospace expands its applications in improving the mechanical and thermal qualities of plastic products. Technological breakthroughs in polymer science continue to increase the application possibilities of azelaic acid in plastics.

Regional Segment Analysis of the Azelaic Acid Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the azelaic acid market over the predicted timeframe.

North America is anticipated to hold the largest share of the azelaic acid market over the predicted timeframe. The North American market for azelaic acid will dominate this market. The region's growth is being driven primarily by the increasing prevalence of skin disorders such as rosacea and aches, the growing choice for natural and organic skincare products, and the presence of prominent market competitors.

Asia Pacific is expected to grow at the fastest CAGR growth of the azelaic acid market during the forecast period. the Asia-Pacific azelaic acid market is driven by factors such as the region's expanding cosmetic enterprises, rising demand for skincare products, and growing awareness of its benefits. The rising prevalence of skin problems and illnesses is another reason driving the market's rising trend. Furthermore, China's azelaic acid market held the biggest market share, while the Indian azelaic acid market was the fastest expanding market in the Asia-Pacific region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the azelaic acid market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF
• Croda International plc
• Nantong Hengxing Electronic Materials Co Ltd
• Wufeng Chicheng Biotech Co., Ltd.
• Xi'an Sonwu Biotech Co., Ltd.
• Emery Oleochemicals
• Haihang Industry Corporation
• Nantong Jinghua Pharmaceutical Co., Ltd.
• Jiangsu Senxuan Pharmaceutical and Chemical Co Ltd
• Matrìca S.p.A.
• LG Chem
• Evonik Industries AG
• Solvay SA
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In December 2022, Drunk Elephant's Launch newest product, Bouncy Brightfacial, places the ingredient accent on azelaic acid.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the azelaic acid market based on the below-mentioned segments: 

Global Azelaic Acid Market, By Grade Type

• Polymer-Grade
• Pharma-Grade
• Technical-Grade

Global Azelaic Acid Market, By Application

• Pharmaceutical
• Adhesives
• Plastics
• Lubricants
• Personal Care & Cosmetics
• Others

Global Azelaic Acid Market, By 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 the Middle East & Africa