As per a report by Global Market Insights Inc., the global mandelic acid market size could cross USD 480 million in size through 2027.
Mandelic acid has witnessed considerable demand over time owing to increasing demand for skin exfoliating products and other personal care items and cosmetics. Improving disposable income along with the need for premium cosmetics and personal care products has driven developments in the cosmetic industry over time. In 2020, the European cosmetics and personal care industry was valued at USD 88.6 billion in terms of retail sales.
Mandelic acid is an alpha hydroxy acid (AHA) that improves the physiological effects of cosmetic product. The antibacterial and soluble characteristics of the chemical also supports its use in drugs and personal care products.
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The product finds extensive use in preservatives and in pharmaceutical products as an anti-fungal and anti-bacterial agent to preserve the quality of products. Rising cases of chronic diseases and the need to offer targeted treatment have favored expansion in pharmaceuticals sector across the globe. In the year 2019, the total value of pharmaceutical sales in Canada was valued at USD 29.9 billion.
Other application segment of mandelic acid which includes dye and fine chemical reagent has registered commendable growth over the years due to the rising demand for dye in the burgeoning textile industry along with the use of fine chemical reagents in electronics.
D mandelic acid type has witnessed robust demand due to its use in the production of antibiotics and drugs such as penicillium and ephedrine. D mandelic acid is an integral component that is used as a raw material to pharmaceutical drugs and medicines that supports its use in the wide pharmaceutical sector.
In addition to above, D mandelic acid provides superior physiological compatibility and effectiveness against micro-organisms due to which they are used as hair treating agents. Rising use of personal care products due to consumer inclination towards wellness and hygiene will positively influence the adoption of D mandelic acid.
High consumer spending in Europe along with growing inclination towards skincare, hygiene, and wellness will drive the regional demand for mandelic acid. There is a huge demand for different types of haircare products in Europe supported by the presence of many leading market players.
Rising export of cosmetics along with a huge consumer shift towards cosmetic items to improve physical appearance will strengthen the demand for the product. The global mandelic acid market is fragmented with some of the leading players that are investing in R&D to improve the quality of the product and support its wide use.
For instance, in May 2019, Biosynth and Carbosynth announced their merger as an important step to emerge as a leading supplier of fine chemicals across the globe. This deal expanded the production and variety scope of mandelic acid to be used in various applications.
Some of the other leading mandelic acid manufacturers include:
- Alfa Aesar
- Santa Cruz Biotechnology
- Sigma Aldrich
- BASF SE
- Evonik Industries AG
Supported by its scope in rapidly developing industries like cosmetic and personal care products, mandelic acid market is bound to witness considerable expansion in the coming times supported by the growing demand for the chemical along with its important use in the making of drugs.
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.2.1 Forecast parameters
1.3 Data Sources
22.214.171.124 Paid Sources
126.96.36.199 Public Sources
Chapter 2 Executive Summary
2.1 Mandelic Acid industry 3600 synopsis, 2021 - 2027
2.1.1 Business trends
2.1.2 Type trends
2.1.3 Application trends
2.1.4 Regional trends
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