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Alpha Hydroxy Acid Market - By Product (Glycolic, Lactic, Citric), By Application (Cosmetics (Skincare, Hair Care, Makeup, Fragrances], Dermal) & Forecast, 2022-2028

  • Report ID: GMI1792
  • Published Date: Jul 2022
  • Report Format: PDF

Alpha Hydroxy Acid Market Size

Alpha Hydroxy Acid (AHA) Market size exceeded USD 1.2 Billion in 2021 and is estimated to grow at over 8.5% CAGR from 2022 to 2028. Increasing usage of alpha hydroxy acid in hair care products will positively drive the global market growth during the forecast period.
 

Alpha Hydroxy Acid (AHA) Market

To understand key trends  

AHAs are commonly found in shampoos and conditioners for their cleansing, conditioning, moisturising, and detangling properties. They are ideal for use in shampoos because they help remove dirt, pollutants, and particles from hair while retaining moisture. Hair care applications will see increased growth as a result of rising consumer interest in self-care and grooming activities, which will drive the AHA market demand. Hair fall prevention by creating lubricity, allowing for easier detangling, and protecting hair from styling tools is expected to drive industry growth.
 

According to Euromonitor, the global hair care industry grossed USD 75 million in 2020 and is expected to register double digit growth in next five years thus fueling the alpha hydroxy demand. New product developments and technological advancements such as social commerce, digital diagnosis, and E-makeup have boosted the business demand for personal care products thus it will be expected to drive the alpha-hydroxy acid market share during the forecast period. The strong outlook in the skincare, haircare, makeup, and fragrance industry has propelled the demand for alpha hydroxy acid. Furthermore, an improved lifestyle with increasing consciousness about looks among people will drive global market size.
 

Preventing the signs of premature aging, increased elastin & collagen production and improved blood circulation are important factors driving the demand for the AHA products. Increasing pollution levels along with unhealthy food routines leads to skin issues which is expected to boost the cosmetic consumption thus providing a positive outlook for the market expansion. Additionally, global warming effects have boosted demand for skincare products such as suncreen lotions, creams, serums, and others which has escalated the demand for alpha hydroxy acid cross the globe. Technological advances in cosmetic products combined with advanced exfoliative and toxic measures have improved the alpha hydroxy acid market size.
 

Increased dermatologic consumption with a high concentration of AHA especially in weaving has encouraged the growth of the industry. Favorable socioeconomic conditions especially in developing parts of the world have increased the demand for the alpha hydroxy acid industry. Increased consumer awareness of personal appearance adjustments coupled with changing income trends are major factors that support regional industry demand.
 

The outbreak of the COVID-19 pandemic is credited with accelerating E-commerce acquisition. Beauty shoppers are moving online, and, as stores begin to reopen, many have chosen to stay online. E-commerce has been the lifeline of the industry affected by the epidemic. D2C products and pure digital platforms have met with increasing popularity and purchase. Moreover, the epidemic has had a positive impact on the packaging industry. Food & beverage application witnessed a huge demand during the outbreak of the pandemic to maintain safety & hygiene thus it will boost the market expansion during the forecast period.
 

Alpha Hydroxy Acid Market Analysis

Global Alpha Hydroxy Acid Market from Lactic Acid

To understand key trends  

Alpha hydroxy acid market from lactic acid is set to witness a CAGR of over 8.5% from 2022 to 2028. Improved skin moisturizing and skin lightening are important factors that fuel the product demand. In addition, the production of advanced collagen and anti-bacterial agent associated with recovery from sun damage will improve product penetration. Lactic acid, is found primarily in milk, has been used in skincare and cosmetic treatments since antiquity. It is now used in a variety of cosmetic and personal care products as a humectant, pH adjuster, exfoliator, and skin conditioning agent. It firms, smoothes, and brightens the skin while smoothing, brightening, and evening it. It aids in the reduction of the appearance of dark spots, wrinkles, and fine lines.
 

Ease in availability of lactic acid products and comparatively lower cost than other products is anticipated to augment the market statistics. Rising inclination toward well-being and health awareness amidst the pandemic has boosted the demand for food products and skin toners, which in turn accelerates the market expansion. Polylactic acid is used to produce food packaging and packaging products such as cups & trays which in turn it drives the overall market growth trends.
 

Global Alpha Hydroxy Acid Market Size from cosmetics application

To understand key trends  

Alpha Hydroxy Acid market from cosmetics applications is projected to cross USD 1.5 billion by 2028 driven by increased spending on cosmetic products due to changing standards of living. Further, cosmetics product properties such as reduction of aging signs, acne scars, and wrinkles will drive the market size. Moreover, hair care products for hair fall treatment and allowing detangling are expected to drive market statistics. Changing consumers toward premium and opulence brands is a key role to boost the industry landscape during the forecast period.

 

North American Alpha Hydroxy Acid Market

To understand key trends  

 

North American alpha hydroxy acid market is anticipated to surpass USD 650 million by 2028. Changing preference for beauty products to prevent the toxic effects of dust, sun rays, and pollution will propel the regional industry statistics. Supporting government regulations is playing a prominent role in the business growth of chemical products. Increasing consumer spending on personal care products will drive market growth during the forecast period. Additionally, increased utilization of acne scars, peels, and mouth spray is driving the market share during the analysis period. Rapidly rising demand for anti-aging products due to their multifunctional properties is driving the North American industry outlook.
 

Alpha Hydroxy Acid Market Share

Alpha hydroxy acid market share is a fragmented market owing to the presence of various global companies regulating industry growth. Some of the key players in the market include

  • Cargill
  • Corbion
  • the Chemours Company
  • Jungbunzlauer Suisse AG
  • Crosschem
  • Mehul Dye Chem Industries
  • Ava Chemicals
  • Parchem
  • H Plus Limited
  • Airedale Chemical Company Limited
  • Sculptra Aesthetics
  • Lotion crafter
  • Bulk Actives
  • Tokyo Chemical Industry

The key players in the market are mainly focusing on new product launches, acquisitions, and expansion in developing and developed economies to capture a good business share.
 

In March 2021, Corbion has announced to launch a multi-faceted initiative to substantially increase its capacity for producing lactic acid and lactic-acid derivatives. This strategy helps company to meet growing global demand for lactic acid
 

The Alpha Hydroxy Alpha market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilotons and revenue in USD Million from 2017 to 2028 for the following segments:

to Buy Section of this Report


By Product

  • Glycolic Acid
  • Lactic Acid
  • Citric Acid
  • Others

By Application

  • Cosmetics
    • Skin Care
    • Hair Care
    • Makeup
    • Fragrances
    • Others
  • Dermal

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Thailand
    • Taiwan
    • Indonesia
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Venezuela
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Iran
       

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The global alpha hydroxy acid (AHA) industry size crossed USD 1.2 billion in 2021 and is expected to witness an 8.5% CAGR through 2022-2028 with the rising usage in hair care products.
The alpha hydroxy acid (AHA) market share from the lactic acid product segment is anticipated to record a CAGR of around 8.5% between 2022-2028 due to the higher need for improved skin moisturizing and lightening products.
The alpha hydroxy acid industry share from cosmetics applications is estimated to surpass USD 1.5 billion by 2028 with the increased spending on cosmetic products due to changing standards of living.
North America AHA industry revenue is anticipated to cross USD 650 million by 2028 owing to the changing preference for beauty products to prevent toxic effects of dust, sun rays, and pollution.

Alpha Hydroxy Acid Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 18
  • Tables & Figures: 228
  • Countries covered: 25
  • Pages: 210
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