The alpha hydroxy acid market has experienced rapid growth, rising from $1.35 billion in 2023 to $1.49 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. This increase is primarily due to growing awareness of skincare, advancements in cosmetic science, the popularity of anti-aging products, and the expansion of the beauty and wellness industry. The market is projected to reach $2.2 billion by 2028, with a CAGR of 10.2%, driven by increasing demand for personalized skincare, premium beauty products, expanding e-commerce, and innovations in AHA formulations. Major trends include a shift toward natural and organic products, a focus on multifunctional skincare items, and the rising use of professional and at-home skincare treatments.
Global Alpha Hydroxy Acid Market Key Driver
The increasing demand for skin care products is expected to propel the growth of the alpha-hydroxy acid market going forward. Skincare products refer to topical formulations designed to cleanse, moisturize, and treat the skin to maintain or enhance its health, appearance, and texture. The demand for skincare products is rising due to increased awareness of skincare benefits, an aging population, and the influence of social media. Advances in product formulations and the growth of e-commerce also contribute to easier access and a wider variety of options. Alpha-hydroxy acids (AHAs) are commonly used in skincare products for their exfoliating properties, helping to remove dead skin cells and promote smoother, more radiant skin. For instance, in May 2023, according to the report published by The Cosmetic, Toiletry, and Perfumery Association, a UK-based organization, the sales of skin care products reached 479,569 units in 2022, compared to 461,472 units in 2021. Therefore, the increasing demand for skin care products is driving the growth of the alpha-hydroxy acid market, with the market showing significant momentum through 2024 and continuing to expand towards 2028.
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Global Alpha Hydroxy Acid Market Segments
The alpha hydroxy acid market covered in this report is segmented –
1) By Product: Glycolic Acid, Lactic Acid, Citric Acid, Other Products
2) By Source: Natural, Synthetic
3) By Application: Cosmetics, Dermal
By Geography:The regions covered in the alpha hydroxy acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the alpha hydroxy acid market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Alpha Hydroxy Acid Industry Players
Archer Daniels Midland Company, BASF AG, Johnson & Johnson, L'Oréal Group, The Estée Lauder Companies Inc., E. I. du Pont de Nemours and Company (DuPont), Beiersdorf AG, Shiseido Company Limited, Corbion N.V., Roquette Frères, Shandong Xinhua Pharmaceutical Co. Ltd., Biesterfeld AG, Jungbunzlauer International AG, Spectrum Chemical Mfg. Corp., Henan Jindan Lactic Acid Technology Co. Ltd., Prathista Industries Limited, Airedale Chemical Company Limited, Parchem Fine & Specialty Chemicals, Colonial Chemical Inc., Ava Chemicals Pvt. Ltd., H Plus Limited, Lotioncrafter LLC, Chemtex Speciality Limited, CABB Group, Musashino Chemical Laboratory Ltd., Crosschem S.A., Galactic S.A.
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Alpha Hydroxy Acid Market Overview
Alpha-hydroxy acids (AHAs) are a group of naturally occurring acids found in various fruits and milk. They are commonly used in skincare products for their exfoliating properties. These acids work by loosening the bonds between dead skin cells, promoting exfoliation, and revealing smoother, brighter skin.
Alpha Hydroxy Acid Global Market Report 2023 provides data on the global alpha hydroxy acid market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The alpha hydroxy acid market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
