Global Mandelic Acid Market to Record Momentous Growth Over 2021-2027

July 21, 2021

According to a research report titled ‘Global Mandelic Acid Market Size By Type (DL Mandelic Acid, L Mandelic Acid, D Mandelic Acid), By Application (Pharmaceutical {API Synthesis, Preservatives}, Personal Care & Cosmetics, Others), Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report LLC, global mandelic acid market valuation is projected to bolster significantly over the forecast period 2021-2027.

Report findings claim that escalating product demand in several application avenues such as cosmetics, personal care, plastic & textile, agrochemicals, and pharmaceutical products across various regions serves as a major impetus for worldwide mandelic acid industry growth.

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Furthermore, increasing product advancements as well as inherent antibacterial properties of mandelic acid are adding substantial traction to market demand.

Notably, mandelic acid is a vegan-origin alpha hydroxy acid, usually extracted from bitter almonds and is much milder as compared to other AHAs (Alpha-hydroxy acids) such as glycolic and lactic acids. It is a non-toxic substance that has historically been utilized as an antibacterial agent for treating urinary tract infections and is currently used in over-the-counter skincare products as well as professional chemical peels.

On the downside, side effects in case of certain individuals are likely to impede overall market expansion in the upcoming years.

Based on product type, global mandelic acid market is classified into L mandelic acid, DL mandelic acid, and D mandelic acid variants.

By application scope, the market fragmentation comprises personal care & cosmetics, pharmaceutical (API synthesis, preservatives) and others. Among these, API synthesis, and preservative sub-segments are slated to record 11.5% and 9% CAGR respectively, over the analysis timeframe.

Considering the geographical outlook, Latin America industry is estimated register over 19.5% CAGR through 2027, attributable to evolving customer preferences and purchase habits, and mounting demand for skincare products, mainly in countries such as Brazil.

Meanwhile, Middle East & Africa market is poised to record more than 13% growth over the forecast timeframe on the back of surging requirement for new and innovative products, and rapidly expanding cosmetic industry in the region.

Prominent players in global mandelic acid market are Biosynth Carbosynth, Alfa Aesar (Thermo Fisher Scientific Inc.), MilliporeSigma (Merck KGaA), Clearsynth Labs Ltd., Santa Cruz Biotechnology Inc., Zhonglan Industry Co. Ltd., Haihang Industry Co. Ltd., Regar chemicals Co. Ltd., Wuhan Runder Pharmda Technology Co. Ltd., Evonik Industries AG, Jiangxi Keyuan Biopharm Co. Ltd., Binhai Hanhong Biochemical Co. Ltd., and BASF SE.

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