Mandelic Acid Market Growth Opportunities & Forecast [2031]
Mandelic Acid Market Growth Opportunities & Forecast [2031]
Segments - Mandelic Acid Market by Type (L Mandelic Acid, DL Mandelic Acid, and D Mandelic Acid), Application (Active Pharmaceutical Ingredients Synthesis and Preservatives), End-user (Pharmaceuticals, Personal Care & Cosmetics, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-5637
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Report Description
The global mandelic acid market size was USD XX Bn in 2022 and is likely to reach USD XX Bn by 2031, expanding at a CAGR of XX% during 2023–2031. The market growth is attributed to the increasing use of mandelic acid and the demand for anti-aging products.
Beauty manufacturers have been developing products with age-resistant complexions, for decades. Consumers are making significant investments in beauty and personal care products. Mandelic acid is an excellent anti-aging ingredient that makes the skin look young and glowing. The acid sloughs off old cells and promotes the formation of new cells, making fine wrinkles less visible. Instead of abrasive scrubbing that causes micro-tearing and skin irritation, mandelic acid helps to smooth the skin's texture.
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According to the survey conducted by a research report, around USD 1.68 million Americans spent more than USD 500 on skin care products. These products help to retainthe skin’s original state and avoid the long-term effects of skin issues.
The market report finds that the COVID-19 pandemic hindered the mandelic acid market, due to the supply in the fluctuations of raw materials. Organic chemicals and slump demand declined, during the pandemic which affected the market. Mandelic acid has seen a major decline in the beauty industries such as haircare, skincare, color cosmetics, and personal care.
Mandelic Acid Market Dynamics
Major Drivers
Increasing need for drugs for the treatment of urinary tract infections is expected to drive the market. Mandelic acid is used as bladder irrigation fluid to avoid urinary tract infections which is associated with complete urethral catheterization. As these acid dissolves struvite and apatite minerals they cause stones and concernments related to indwelling catheters. Mandelic acid has a pH of 2.4 which dissolves these minerals and treats urinary tract infections.
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According to the Urology Care Foundation, around 10 in 25 women and 3 in 25 men have symptoms of urinary tract infections during their life duration. The most common treatment for a urinary tract infection is antibiotics. Most of the urinary tract infections are not serious, but some can cause serious problems such as kidney infections.
Existing Restraints
Lack of alternatives and the side effects of mandelic acid is expected to hamper the mandelic acid market during the forecast period. The adverse effects of this acid cause skin irritation such as redness, swelling, itching, and sensitivity, which are likely to impede the growth of the market.
Emerging Opportunities
Increasing research & development activities for the development of new products is expected to create lucrative opportunities for the market players. Several beauty care industries are focusing on developing new skincare products, with the help of mandelic acid.
- In June 2023, CIRDCADIA introduced a cleansing gel with mandelic acid a gentle cleanser that clears hyperpigmentation, acne, and fine lines. The cleanser consists of 4% of mandelic acid, which makes it an effective treatment to supercharge the skincare routine and shows results for fine skin quickly.
Scope of Mandelic Acid Market Report
The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Mandelic Acid Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (L Mandelic Acid, DL Mandelic Acid, and D Mandelic Acid), Application (Active Pharmaceutical Ingredients Synthesis and Preservatives), and End-user (Pharmaceuticals, Personal Care & Cosmetics, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Biotec; SMART Chemical Solutions; BASF SE; R.L. Chemical Industries Pvt. Ltd.; Jiangxi Keyuan Biopharm Co., Ltd.; Zhejiang Shengyu Chemical Co., Ltd.; Shanghai Danfan Network Science & Technology Co., Ltd.; Hanhong Scientific; Merck KGaA; Hefei TNJ Chemical Industry Co., Ltd.; and Santa Cruz Biotechnology, Inc.; |
Mandelic Acid Market Segment Insights
Type Segment Analysis
Based on type, the mandelic acid market is divided into L mandelic acid, DL mandelic acid, and D mandelic acid. The DL mandelic acid segment is expected to expand at a significant pace during the projection period, as it is used in cosmetic products as a preservative. DL mandelic acid is also referred to as (±)-Mandelic Acid or (RS)-Mandelic acid. It is a white crystalline solid and aromatic alpha-hydroxy acid, which is used as a precursor to several drugs. DL mandelic acid is an organic compound that is classified as an alpha hydroxy acid (AHA) and it is known for its ability to exfoliate the skin and help with acne, texture, skin, hyperpigmentation, and the effects of aging.
The L mandelic acid segment is anticipated to hold a key share of the market in the coming years, as it is a white, crystalline solid with a faint almond-like odor. L mandelic acid is used for the treatment of acne, due to its inflammatory and antibacterial properties. L mandelic acid is insoluble in water and is slightly soluble in ethanol. It is an organic compound that is derived from the hydrolysis of Amygdalin.
Application Segment Analysis
On the basis of application, the global market is bifurcated into active pharmaceutical ingredients synthesis and preservatives. The active pharmaceutical ingredients (API) segment is expected to register a robust growth rate during the forecast period. Mandelic acid is used as an intermediate chemical in manufacturing several industrial products such as cosmetics & personal care, pharmaceuticals, agricultural chemicals, and others. The product is used in API synthesis that is used to suppress cough. It is used as an eye drops for pupil dilation. This factor is expected to boost the segment in the mandelic acid market.
End-user Segment Analysis
On the basis of end-user, the global market is segregated into pharmaceuticals, personal care & cosmetics, and others. The pharmaceuticals segment is projected to register a considerable CAGR during the forecast period, due to the increasing need for drugs to treat urinary tract infections. Mandelic acid uses its antibacterial action and contributes to the acidification of urine. This is accomplished by tubular excretion and glomerular filtration.
Regional Segment Analysis
In terms of region, the global mandelic acid market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Aisa Pacific is expected to dominate the market during the projection period, owing to the increasing demand for the cosmetic & personal care industry, food & beverages, and pharmaceutical industries. A large number of small & medium enterprises are engaged in the manufacturing of mandelic acid and its derivatives, which is expected to boost the market in the Asia Pacific region. The demand for skin care products has increased in emerging countries such as South Korea, Japan, China, and India, as several consumers are concerned about skin-related issues.
The market in North America is anticipated to expand at a rapid pace in the coming years, due to the increase in the aging tendency of humans and increasing demand for the pharmaceutical industry. The mandelic acid product is used in the synthesis of several active pharmaceutical ingredients such as antibacterial and anti-inflammatory drugs. Increasing investments in the manufacturing of active pharmaceutical drugs along with widespread investments in the pharmaceutical industry is anticipated to boost the market in the region.
Segments
The global mandelic acid market has been segmented on the basis of
Type
- L Mandelic Acid
- DL Mandelic Acid
- D Mandelic Acid
Application
- Active Pharmaceutical Ingredient
- Preservatives
End-user
- Pharmaceuticals
- Personal Care & Cosmetics
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Biotec
- SMART Chemical Solutions
- BASF SE
- R.L. Chemical Industries Pvt. Ltd.
- Jiangxi Keyuan Biopharm Co., Ltd.
- Zhejiang Shengyu Chemical Co., Ltd.
- Shanghai Danfan Network Science & Technology Co., Ltd.
- Hanhong Scientific
- Merck KGaA
- Hefei TNJ Chemical Industry Co., Ltd.
- Santa Cruz Biotechnology, Inc.
Competitive Landscape
Key players competing in the global mandelic acid market are Biotec; SMART Chemical Solutions; BASF SE; R.L. Chemical Industries Pvt. Ltd.; Jiangxi Keyuan Biopharm Co., Ltd.; Zhejiang Shengyu Chemical Co., Ltd.; Shanghai Danfan Network Science & Technology Co., Ltd.; Hanhong Scientific; Merck KGaA; Hefei TNJ Chemical Industry Co., Ltd.; and Santa Cruz Biotechnology, Inc.
These key players adopt various strategies including mergers, acquisitions, collaboration, partnerships, product launches, and production expansion to expand their consumer base globally.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Mandelic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mandelic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mandelic Acid Market - Supply Chain
4.5. Global Mandelic Acid Market Forecast
4.5.1. Mandelic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mandelic Acid Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Mandelic Acid Market Absolute $ Opportunity
5. Global Mandelic Acid Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Mandelic Acid Market Size and Volume Forecast by Types
5.3.1. L Mandelic Acid
5.3.2. DL Mandelic Acid
5.3.3. D Mandelic Acid
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Mandelic Acid Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Mandelic Acid Market Size and Volume Forecast by Applications
6.3.1. Active Pharmaceutical Ingredient
6.3.2. Preservatives
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Mandelic Acid Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Mandelic Acid Market Size and Volume Forecast by End Users
7.3.1. Pharmaceuticals
7.3.2. Personal Care & Cosmetics
7.3.3. Others
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Mandelic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mandelic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mandelic Acid Demand Share Forecast, 2019-2026
9. North America Mandelic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mandelic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mandelic Acid Market Size and Volume Forecast by Types
9.4.1. L Mandelic Acid
9.4.2. DL Mandelic Acid
9.4.3. D Mandelic Acid
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Mandelic Acid Market Size and Volume Forecast by Applications
9.7.1. Active Pharmaceutical Ingredient
9.7.2. Preservatives
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Mandelic Acid Market Size and Volume Forecast by End Users
9.10.1. Pharmaceuticals
9.10.2. Personal Care & Cosmetics
9.10.3. Others
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Mandelic Acid Demand Share Forecast, 2019-2026
10. Latin America Mandelic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mandelic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mandelic Acid Market Size and Volume Forecast by Types
10.4.1. L Mandelic Acid
10.4.2. DL Mandelic Acid
10.4.3. D Mandelic Acid
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Mandelic Acid Market Size and Volume Forecast by Applications
10.7.1. Active Pharmaceutical Ingredient
10.7.2. Preservatives
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Mandelic Acid Market Size and Volume Forecast by End Users
10.10.1. Pharmaceuticals
10.10.2. Personal Care & Cosmetics
10.10.3. Others
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Mandelic Acid Demand Share Forecast, 2019-2026
11. Europe Mandelic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mandelic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mandelic Acid Market Size and Volume Forecast by Types
11.4.1. L Mandelic Acid
11.4.2. DL Mandelic Acid
11.4.3. D Mandelic Acid
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Mandelic Acid Market Size and Volume Forecast by Applications
11.7.1. Active Pharmaceutical Ingredient
11.7.2. Preservatives
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Mandelic Acid Market Size and Volume Forecast by End Users
11.10.1. Pharmaceuticals
11.10.2. Personal Care & Cosmetics
11.10.3. Others
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Mandelic Acid Demand Share Forecast, 2019-2026
12. Asia Pacific Mandelic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mandelic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mandelic Acid Market Size and Volume Forecast by Types
12.4.1. L Mandelic Acid
12.4.2. DL Mandelic Acid
12.4.3. D Mandelic Acid
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Mandelic Acid Market Size and Volume Forecast by Applications
12.7.1. Active Pharmaceutical Ingredient
12.7.2. Preservatives
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Mandelic Acid Market Size and Volume Forecast by End Users
12.10.1. Pharmaceuticals
12.10.2. Personal Care & Cosmetics
12.10.3. Others
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Mandelic Acid Demand Share Forecast, 2019-2026
13. Middle East & Africa Mandelic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Mandelic Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mandelic Acid Market Size and Volume Forecast by Types
13.4.1. L Mandelic Acid
13.4.2. DL Mandelic Acid
13.4.3. D Mandelic Acid
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Mandelic Acid Market Size and Volume Forecast by Applications
13.7.1. Active Pharmaceutical Ingredient
13.7.2. Preservatives
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Mandelic Acid Market Size and Volume Forecast by End Users
13.10.1. Pharmaceuticals
13.10.2. Personal Care & Cosmetics
13.10.3. Others
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Mandelic Acid Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Mandelic Acid Market: Market Share Analysis
14.2. Mandelic Acid Distributors and Customers
14.3. Mandelic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. Biotec
14.4.2. SMART Chemical Solutions
14.4.3. BASF SE
14.4.4. R.L. Chemical Industries Pvt. Ltd.
14.4.5. Jiangxi Keyuan Biopharm Co., Ltd.
14.4.6. Zhejiang Shengyu Chemical Co., Ltd.
14.4.7. Shanghai Danfan Network Science & Technology Co., Ltd.
14.4.8. Hanhong Scientific
14.4.9. Merck KGaA
14.4.10. Hefei TNJ Chemical Industry Co., Ltd.
14.4.11. Santa Cruz Biotechnology, Inc.
Methodology
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