Global Mandelic Acid Market is Segmented By Type (DL Mandelic Acid, L Mandelic Acid, D Mandelic Acid), By Form (Solid, Liquid), By Manufacturing Process (Hydrolysis of Amygdalin, Mandelonitrile with Hydrochloric Acid, Others), By End-User (Cosmetics & Personal Care, Pharmaceutical, Textiles & Dye Intermediates, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2029
Mandelic Acid Market Size, Demand Insights
The "global mandelic acid market" is estimated to reach growing at a high CAGR of XX % during the forecast period (2023-2029).
Mandelic Acid Market Scope and Summary
|
Metrics |
Details |
|
Market CAGR |
High |
|
Segments Covered |
By Type, By Form, By Manufacturing Process, By End-User, and By Region |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
|
Fastest Growing Region |
Asia Pacific |
|
Largest Market Share |
North America |
To Get a Free Sample Click here
Mandelic acid is an alpha hydroxy acid utilized to exfoliate the skin. It is used to treat hyperpigmentation, acne, and aging skin. Because it is the gentlest of all the alpha-hydroxy acids, it is suitable for a wide range of skin types. Mandelic acid has antibacterial and antimicrobial qualities, which help improve the skin's appearance. It satisfies customer demands for personal care goods by assisting in removing dead skin, restoring damaged skin, treating freckles, and developing an anti-aging approach.
Mandelic acid is utilized in the pharmaceutical sector as an antibacterial, especially in urinary tract infection treatment. The product has been used as an oral antibiotic. L-Mandelic is utilized in "chemical face peels" and other alpha-hydroxy acids. It is also used to produce homatropine and API cyclandelate, the esters of mandelic acid.
Source: DataM Intelligence Analysis (2023)
Mandelic Acid Market Dynamics and Trends
The global mandelic acid market is expected to grow with the rising demand for anti-aging beauty products.
Rising demand for anti-aging beauty products
For decades, beauty manufacturers have been developing products that promise age-resistant complexions. Younger-aware consumers are dissatisfied with traditional beauty regimes and expect sophisticated skin care products that reflect their modern age. Consumers are investing significantly in beauty and personal care products. According to the U.S Census and the Simmons National Consumer Survey, the typical American spends US$ 322.88 per year on skincare. Mandelic acid is an excellent anti-aging ingredient that makes the skin appear younger and brighter. Mandelic acid enhances cell turnover, which means it eliminates old cells and promotes the formation of new ones, making fine wrinkles appear less visible. Rather than abrasive scrubbing that can cause micro-tears and skin irritation, mandelic acid helps smoothen the skin's texture.
Various companies have already included mandelic acid in their new beauty products. For instance, in 2019, Neutrogena, the recommended skincare brand, announced the debut of Neutrogena Bright BoostTM, a new line designed to help women combat dull skin. The multi-tasking collection features include mandelic acid and glycolic acid in this multi-tasking mix. According to a new Neutrogena poll done online by The Harris Poll among over 1,100 U.S. women aged 18+, nearly two-thirds (66%) of millennial women aged 23-38 have seen a change in the brightness of their skin.
Presence of alternatives
The presence of alternatives in the market will restrain the growth of mandelic acid. Glycolic acid is a prominent alpha-hydroxy acid primarily made from sugars and a fantastic alternative for those with hyperpigmentation. An exfoliant helps slough away dead skin cells while encouraging cellular turnover. It also helps lighten and brighten the skin; therefore, it's ideal for those who want to get rid of aged sunspots.
Moreover, lactic acid is another fantastic alternative for those who want to treat acne and hyperpigmentation at the same time. It exfoliates the skin similarly to glycolic acid and is found in various skincare products (from cleansers, serums, creams, and more). The companies can utilize any of the acids in place of mandelic acid, which is declining the demand for the market.
COVID-19 Impact on Mandelic Acid Market Growth
The market for mandelic acid has been unstable during the COVID-19 outbreak in the initial months. Mandelic acid has been utilized in pharmaceutical, textiles & dye intermediates, personal care, and other industries. The demand for mandelic acid was stable in the pharmaceutical and chemical industry.
However, mandelic acid has seen a decline in the beauty industry. The global beauty industry (skincare, color cosmetics, haircare, fragrances, and personal care) was shocked by the COVID-19 crisis. Sales have been uneventful in the first quarter and many stores have closed. Worldwide beauty-industry revenues could plummet 20 to 30% in 2020, according to the most likely scenarios predicted by global executives and existing trends. If COVID-19 recurs later this year in the U.S., the drop might be as high as 35%.
Mandelic Acid Market Segment and Shares Analysis
By end-user, the mandelic acid market is segmented into cosmetics & personal care, pharmaceutical, textiles & dye intermediates, and others.
The need for drugs to cure urinary tract infections will boost the demand for mandelic acid
Mandelic acid has bacteriostatic characteristics and treats urinary tract infections when taken orally. Ammonium or calcium salts are the most common forms of pharmacological ingredients. If the pH is kept below 5.5, it is effective against uncomplicated illnesses caused by Gram-negative bacteria and a few Gram-positive species. To maintain indwelling urinary catheters, a 1% solution of mandelic acid is utilized as a flushing solution.
Methenamine mandelate is the chemical combination of mandelic acid with methenamine widely used in urinary antibacterial agents. Methenamine mandelate is easily absorbed but inactive until it is eliminated by the kidneys and concentrated in the urine. The antibacterial activity requires acid urine, with optimal efficiency occurring at pH 5.5 or less. Mandelic acid has an antimicrobial effect in acid urine and helps the acidity of the urine. Mandelic acid is excreted through both glomerular and tubular filtration. In acid urine, methenamine is converted to ammonia and the bactericidal agent formaldehyde.
Source: DataM Intelligence Analysis (2023)
Mandelic Acid Market Geographical Analysis
Rising demand for greener cosmetic ingredients is boosting the demand in Europe
Europe is the flagship producer of cosmetic products globally. In 2020, the European personal care and cosmetics business will be worth US$ 86.5 billion (€76.7 billion) at retail sales prices, making it the world's largest cosmetics market. The largest national markets for cosmetics within Europe are France, Germany, the UK, Italy, Spain, and Poland. Mandelic acid is the gentlest of all alpha-hydroxy acids, so it is used in many skin types, including those with sensitive skin.
Various companies are launching products in the market with more sustainable ingredients. For instance, in 2021, Tobias Erb's research group recently discovered a way for producing mandelic acid in a green manner. It is based on discovering the activity of a new enzyme, oxalyl-CoA decarboxylase (OXC). The enzyme is vital for decomposing calcium oxalate, which can create health problems, including kidney stones, if it builds up in the body. Surgical alterations were used to strengthen the enzyme, which was then coupled with two additional enzymes. A three-step cascade is established that turns oxalic acid and benzaldehyde, both cheap and safe starting ingredients, into mandelic acid under favorable circumstances.
Source: DataM Intelligence Analysis (2023)
Mandelic Acid Companies and Competitive Landscape
The global mandelic acid market is consolidated and has the presence of global companies. Mandelic acid has applications in numerous industries and manufacturers only target a specific number of applications. In addition, key players contributing to the market's growth are Hanhong Group, Evonik Industries AG, BASF SE, Biosynth Carbosynth, Sigma Aldrich, Alfa Aesar, Clearsynth, Keyuan Biopharma, BIOTEC, Smart Chemicals, Xinhetai Science and Technology, R.L. Chemicals, TNJ, and others.
Evonik AG
Overview: Evonik is a specialty chemicals company in over 100 countries worldwide. The company has segmented its business segments into nutrition & care, performance materials, resource efficiency, and services. Evonik has production facilities in 27 countries in Africa, Asia, Australia / Oceania, Europe, North America, and South America.
Product Portfolio: TEGO Renewha Mandelic is an aromatic alpha hydroxy acid, although originally derived from amygdalin, an almond extract. Because of the larger molecular structure compared to AHAs like glycolic acid, mandelic acid has slower penetration into the skin, which moderates its irritation potential to the skin.
Critical Development: In 2019, Evonik inaugurated its new office in Bangladesh to strengthen its local presence in the fast-developing South Asia market. The new office is located in Dhaka.
Why Purchase the Report?
- Visualize the global mandelic acid market segmentation by type, form, manufacturing process, end-user, and region, highlighting the key commercial assets and players.
- Identify commercial opportunities in the global mandelic acid market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of global mandelic acid market market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global mandelic acid market report would provide approximately 69 market data tables, 63 figures, and 220 pages
Target Audience
- Raw Material Providers
- Buyers
- Raw Material Providers
- Mandelic Acid Manufacturers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Distributors
Frequently Asked Questions
What is the Projected CAGR value of the Mandelic Acid Market?
The Mandelic Acid Market is expected to grow at a high CAGR from 2023 to 2029.
Which region controlled the global market during 2023-2029?
North America region Controls the Mandelic Acid Market during 2023-2029.
Which is the fastest-growing region in the Mandelic Acid Market?
Among all regions, Asia Pacific is the fastest-growing market share during the forecast period.