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  • Alpha Hydroxy Acid Market Growth Analysis | 2023-2028

    Alpha Hydroxy Acid Market Growth Analysis | 2023-2028

    Alpha Hydroxy Acid Market Growth Analysis | 2023-2028
    Report code - SR1224 Delivery - 2 Weeks
    Alpha Hydroxy Acid Market Size, Share, Trends, Dynamics, Forecast, Industry, & Growth See more...

    Market Insights

    The alpha hydroxy acid market was estimated at USD 1.43 billion in 2022 and is likely grow at a CAGR of 8.53% druing 2023-2028 to reach USD 2.35 billion in 2028.

    alpha-hydroxy-acid-market-insights

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    What is alpha hydroxy acid?

    Alpha hydroxy acids are basically organic acids that consist of a carboxylic acid substituted with a hydroxyl group on the adjacent carbon atom. These chemical compounds may be naturally occurring or synthetic and are generally used in skincare preparations for their exfoliating features.

    Alpha Hydroxy Acid Market Report Overview

    Market Size in 2028

    USD 2.35 Billion

    Market Size in 2022

    USD 1.43 Billion

    Market Growth (2023-2028)

    CAGR of 8.53%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    Some of the key players in the market are-

    Market Dynamics

    These factors are expected to boost the demand for the market in the coming years:

    • Growing cosmetics industry across the globe, rising standard of living coupled with increasing consciousness about one’s looks, especially among women.
    • Other major factors such as increasing pollution levels and technological advancements in cosmetic products.

    alpha-hydroxy-acid-market-dynamics

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    Segments Analysis

    By Product Type

    The market is segmented as glycolic acid, lactic acid, citric acid, and others. Glycolic acid is estimated to hold the largest share of the market during the forecast period on account of various advantages offered by it, such as uniform exfoliation of the skin, minimized pore appearance, and improved restoration of hair strength and elasticity. On the other hand, lactic acid and citric acid are also estimated to witness significant growth in the market owing to their skin-softening and brightening features. Additionally, lactic acid grows at a CAGR of more than 8.45% during the assessment period.

    By Application Type

    The market is segmented as cosmetics and dermal. Cosmetics application is estimated to be the dominating segment of the market during the forecast period. Factors such as increasing spending on cosmetic products in developed nations on account of changing lifestyles, growing inclination towards organic and natural-based products, and various benefits offered by cosmetic products such as reduction in ageing signs, acne scars, wrinkles, and cleansing are expected to fuel the overall industry growth during the assessment period.

    Regional Analysis

    Asia-Pacific is estimated to be the leading region in the market on account of China, India, and Japan being the major countries with favourable socio-economic conditions, expected to fuel the regional market growth during the forecast period. Also, North America is estimated to witness significant growth in the market during the assessment period owing to the shifting preference for organic and natural beauty products, in order to minimize the harmful effects of dust, pollution, and sunlight, boosting the growth of the market in the region. Furthermore, the presence of major cosmetic manufacturers in Europe is expected to drive the growth of the European market for alpha hydroxy acid over the assessment period.

    Alpha-Hydroxy-Acid-Market-Regional-Analysis

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    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The alpha hydroxy acid market is segmented into the following categories:

    By product type:

    • Glycolic Acid
    • Lactic Acid
    • Citric Acid
    • Others

    By application type:

    • Cosmetics
      • Type Analysis: Skin Care, Hair Care, Make Up, Fragrances, and Others
    • Dermal

    By region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Alpha-Hydroxy-Acid-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Alpha Hydroxy Acid Market.

    How lucrative is the future?

    The market forecast and trend data and emerging trends.

    Which regions offer the best sales opportunities?

    Global, regional and country-level historical data and forecasts.

    Which are the most attractive market segments?

    Market segment analysis and Forecast.

    Which are the top players and their market positioning?

    Competitive landscape and Market share analysis.

    How complex is the business environment?

    Porter’s five forces, PEST and Life cycle analysis.

    What are the factors affecting the market?

    Drivers & challenges.

    Will I get the information on my specific requirement?

    10% free customization.

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Segmentation

    • Current market segmentation of any one of the product types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Alpha hydroxy acids are basically organic acids that consist of a carboxylic acid substituted with a hydroxyl group on the adjacent carbon atom. These chemical compounds may be naturally occurring or synthetic and are generally used in skincare preparations for their exfoliating features.

    The alpha hydroxy acid market is expected to grow at a CAGR of 8.53 % during the upcoming five years.

    Growing cosmetics industry across the globe, rising standard of living coupled with increasing consciousness about ones looks, especially among women, is driving the growth of the market. Furthermore, other major factors such as increasing pollution levels and technological advancements in cosmetic products are expected to accelerate the growth of the market over the assessment period.

    The alpha hydroxy acid market size is estimated to grow from USD 1.43 Bn in 2022 to USD 2.35 Bn by 2028.

    Asia-Pacific is expected to have the largest share of the market during the assessment period.

    Airedale Chemical Company Limited, Ava Chemicals Pvt. Ltd., Bulk Actives, Crosschem, Dow, DuPont de Nemours, Inc., H Plus Limited, Mehul Dye Chem Industries, Parchem Fine & Specialty Chemicals, and Tokyo Chemical Industry are the key companies in the market.

    The glycolic acid segment has the largest share of the market during the estimated time.

    The study period of the market is 2017-2028.

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