USD 218.7 million
Mandelic Acid Market Size, Share, Growth Analysis, By Type(DL mandelic Acid, L Mandelic Acid, D Mandelic Acid), By Application(Pharmaceutical (API Synthesis, Preservative), Personal Care & Cosmetics, Others (Textile & Dye Intermediate), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2427 |
Region:
Global |
Published Date: June, 2024
Pages:
184
|Tables:
65
|Figures:
75
Mandelic Acid Market Insights
Mandelic Acid Market size was valued at USD 251.06 Million in 2023 and is poised to grow from USD 288.22 Million in 2024 to USD 869.5 Million by 2032, growing at a CAGR of 14.8% during the forecast period (2025-2032).
Mandelic acid, obviously taking the place of alpha hydroxy acid (AHA), has observed a huge range of programs across numerous industries, contributing to its developing marketplace. In the cosmetic and skin care industry, it's miles prized for its mild exfoliating houses, making it an excellent element in products like chemical peels, serums, and anti-growing old formulations. Its capability to promote pores and skin renewal and enhance texture without inflicting excessive inflammation has made it popular among clients searching for powerful yet moderate skincare solutions.
Furthermore, mandelic acid's antimicrobial residences have brought about its use in prescription drugs and scientific packages. It is found within the remedy of diverse pores and skin conditions, which include zits, due to its antibacterial and anti-inflammatory outcomes. In addition, it has potential packages inside the remedy of urinary tract infections.
The marketplace for mandelic acid is also pushed by the developing demand for environmentally pleasant and sustainable merchandise. Mandelic acid is biodegradable, and its manufacturing typically includes inexperienced and sustainable tactics, aligning with the growing consumer choice for eco-aware merchandise.
However, it's important to observe that the mandelic acid market is exceedingly niche as compared to other AHAs like glycolic acid and lactic acid. Nevertheless, its precise homes and increasing programs in skincare, pharmaceuticals, and past maintain to gasoline its marketplace growth.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
L-mandelic acid
Fastest Growth
L-mandelic acid
Growth Rate
14.8% CAGR
Mandelic Acid Market ($ Mn)
Country Share for North America Region (%)
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Mandelic Acid Market Segmental Analysis
The global mandelic acid market is segmented based on the type, application, and region. Based on type the market is segmented into DL Mandelic Acid, L Mandelic Acid, and D Mandelic Acid. Based on application the market is segmented into pharmaceuticals (API Synthesis, Preservative), personal care & cosmetics, others (Textile & Dye Intermediate, Fine chemical reagent). Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Analysis By Type
In the mandelic acid market, L-mandelic acid will be the dominating phase due to its prominence in numerous industries, particularly cosmetics and pharmaceuticals. L-mandelic acid is desired for its advanced properties in skin care formulations, making it a sought-after factor in products like chemical peels, anti-growing old serums, and its remedies. Its mild exfoliating and antibacterial characteristics make it enormously suitable for a huge variety of cosmetic and dermatological programs, contributing to its marketplace dominance.
On the other hand, D-mandelic acid and DL-mandelic acid are the quickest-growing phase in the mandelic acid market, whilst important in their very own right, keep a smaller market percentage in comparison to L-mandelic acid. D-mandelic acid has applications in prescribed drugs, specially inside the synthesis of energetic pharmaceutical ingredients (APIs) and in the treatment of urinary tract infections. DL-mandelic acid, a racemic combination of D and L paperwork, also reveals use in diverse programs, which include cosmetics and pharmaceuticals, but its growth rate is usually not as rapid as that of L-mandelic acid.
Analysis By Application
The mandelic acid market is marked by means of various packages, with sure segments exerting more dominance than others. Among these, the pharmaceutical region holds an outstanding function and presently dominates the marketplace. Mandelic acid's antimicrobial residences and its function in pharmaceutical API synthesis make it a treasured thing inside the production of medicinal drugs, especially antibiotics and skin care formulations.
While prescription drugs are the dominant application, the private care and cosmetics sector is rising as the fastest-developing phase inside the mandelic acid market. This surge in call for is pushed by the growing customer choice for skincare merchandise that provide gentle but powerful exfoliation and pores and skin renewal. Mandelic acid's slight nature and efficacy in addressing skin worries without causing immoderate inflammation have made it a sought-after factor in cosmetics and skincare formulations, such as chemical peels, serums, and anti-growing old merchandise. As purchasers emerge as more conscious of skincare ingredients and are looking for products with herbal and mild exfoliants, the private care and cosmetics section is expected to preserve its fast growth, in addition increasing the mandelic acid marketplace.
Mandelic Acid Market By Type
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Mandelic Acid Market Regional Insights
The biggest local market for the worldwide mandelic acid becomes North America, with the United States because the dominant United States of America in this vicinity. The United States had a sturdy call for Mandelic acid, more often than not pushed by using its significant pharmaceutical and beauty industries. Mandelic acid is regularly used in skincare products and chemical peels, making it an essential ingredient for those sectors.
The 2d-biggest region for the Mandelic acid marketplace becomes Asia-Pacific, with China being the distinguished United states of america. In Asia-Pacific, the skin care and cosmetic industries were experiencing massive increase, and China's tremendous population contributed to a big consumer base for these products. Mandelic acid's residences, which includes its exfoliating and pores and skin-brightening outcomes, made it a sought-after element inside the Asian splendor and skin care markets.
Mandelic Acid Market By Region
- Largest
- Fastest
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Mandelic Acid Market Dynamics
Drivers
- Increasing Demand for Cosmetic and Skincare Products: Mandelic acid is utilized in skin care merchandise for its exfoliating and anti-growing older properties. The developing patron hobby in skin care and cosmetics, particularly in rising markets, was riding the demand for Mandelic acid.
- Rising Awareness of Skin Health: As purchasers become more aware of the significance of skincare and skin fitness, there is a growing call for merchandise with active ingredients like Mandelic acid, which can help address various pores and skin troubles.
Restraints
- Regulatory Compliance: The chemical industry, inclusive of the Mandelic acid sector, is a problem to strict rules and compliance necessities. Meeting these guidelines may be high priced and time-ingesting, which may additionally act as a restraint on marketplace growth.
- Competition from Alternative Products: There are opportunity chemical compounds and elements utilized in skincare, cosmetics, and prescribed drugs. Competition from these alternatives can affect the call for Mandelic acid.
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Mandelic Acid Market Competitive Landscape
The competitive landscape of the Mandelic acid marketplace changed into characterized by means of the presence of several key players vying for marketplace percentage. These companies have been primarily engaged in the production and distribution of Mandelic acid for various packages, consisting of skin care, cosmetics, pharmaceuticals, and chemical synthesis. Some of the distinguished gamers in this marketplace protected properly-installed chemical producers and suppliers like Clariant, Sigma-Aldrich (now part of MilliporeSigma, a department of Merck), Spectrum Chemicals, and others. These businesses compete based on elements which include product excellence, pricing, technological advancements, and worldwide distribution networks. Additionally, the marketplace also noticed the emergence of smaller, specialized manufacturers catering to niche segments of the Mandelic acid market, contributing to opposition and innovation within the enterprise.
Top Player’s Company Profile
- Clariant
- Sigma-Aldrich (now part of MilliporeSigma, a division of Merck)
- Spectrum Chemicals
- Alfa Aesar (now part of Thermo Fisher Scientific)
- Avantor
- Synerzine
- Guangzhou Tinci Materials Technology Co., Ltd.
- Anhui Sunsing Chemicals Co., Ltd.
- MP Biomedicals
- Neostar United Industrial Co., Ltd.
- Hangzhou DayangChem Co. Ltd.
- Wuhan Waking Lion Chemicals Co., Ltd.
- Haihang Industry Co., Ltd.
- Shanghai Ruizheng Chemical Technology Co., Ltd.
- Haihang Industry Co., Ltd.
- Parchem Fine & Specialty Chemicals
- Finetech Industry Limited
- Toronto Research Chemicals
- Pure Chemistry Scientific
- Jiangsu Jurong Chemical Process Co., Ltd.
Recent Developments
- March 2023: NeoStrata, a skincare enterprise, launched a new product referred to as Mandelic Acid 10% Daily Peel. The product is a leave-on exfoliator that enables to enhance the appearance of skin texture and reduce the advent of great strains and wrinkles.
- April 2023: The Ordinary, a skincare emblem, launched a brand new product known as Mandelic Acid 10% + HA. The product is a serum that helps to exfoliate the pores and skin and enhance the arrival of hyperpigmentation.
- May 2023: Wishtrend, a Korean skincare brand, launched a new product called Mandelic Acid five% Skin Prep Water. The product is a toner that allows to exfoliate the pores and skin and enhance the absorption of different skin care products.
- June 2023: Paula's Choice, a skincare brand, released a new product referred to as Resist Daily Smoothing Treatment with 10% Mandelic Acid. The product is a moisturizer that allows to exfoliate the skin and enhances the advent of pleasant strains and wrinkles.
- July 2023: The Inkey List, a skin care logo, released a brand new product called Mandelic Acid 10% Exfoliating Solution. The product is a serum that facilitates the exfoliation of the pores and skin and improves the appearance of blemishes.
Mandelic Acid Key Market Trends
- Rising Demand in Skincare Products: One of the huge trends was the increasing use of Mandelic acid in skin care merchandise. Consumers had been turning into greater awareness in their pores and skin fitness, mainly to a developing call for products with exfoliating and anti-growing old homes. Mandelic acid, regarded for its gentle exfoliating characteristics, is being incorporated into diverse cleansers, serums, and lotions.
- Focus on Natural and Organic Products: The trend closer to herbal and organic components in skincare and cosmetics was impacting the Mandelic acid market. Manufacturers were responding to patron choices by means of providing products that highlighted the herbal starting place of Mandelic acid, frequently derived from almonds.
Mandelic Acid Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our international mandelic acid market evaluation; the global Mandelic acid marketplace exhibited superb dynamics with regional variations, awesome segments, and influential drivers. North America and Asia-Pacific emerged as prominent regions in this market, with North America, led by using america and Canada, being a first-rate customer and producer, even as Asia-Pacific, particularly China and India, showed good sized increase potential. In terms of market segments, Mandelic acid discovered giant use in skin care and cosmetic products due to its mild exfoliating and anti-ageing properties.
Additionally, it performed an essential position in pharmaceutical packages, serving as a chiral constructing block in drug synthesis. The dermatological sector additionally witnessed accelerated adoption of Mandelic acid in chemical peels and remedies for skin situations. Key drivers covered the rising international awareness of skincare and skin health, which drove calls for Mandelic acid-based total products. The trend toward natural and natural substances in cosmetics and the increase of rising markets contributed to marketplace growth. Furthermore, the pharmaceutical industry's studies activities and the demand for personalized dermatological remedies similarly fueled the Mandelic acid marketplace's growth potential. However, regulatory compliance and raw material availability remained sizable challenges inside the industry.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 218.7 million |
| Market size value in 2031 | USD 757.4 million |
| Growth Rate | 14.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mandelic Acid Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mandelic Acid Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mandelic Acid Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mandelic Acid Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mandelic Acid Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mandelic Acid Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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