Alpha Hydroxy Acid Market Insights 2024: Size Projections and Growth Drivers

The Alpha Hydroxy Acid Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions — Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010–2021) and extends its insights into a ten-year forecast period (2023–2033).

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According to The Business Research Company’s Alpha Hydroxy Acid Global Market Report 2024, The alpha hydroxy acid market size has grown rapidly in recent years. It will grow from $1.35 billion in 2023 to $1.49 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to rising awareness of skincare, advancements in cosmetic science, the popularity of anti-aging products, and the expansion of the beauty and wellness industry.

The alpha hydroxy acid market size is expected to see rapid growth in the next few years. It will grow to $2.2 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to increasing demand for personalized skincare, growth in premium beauty products, expanding e-commerce platforms, and innovations in AHA formulations. Major trends in the forecast period include a shift toward natural and organic products, a focus on multifunctional products, increasing use of professional treatments, the rising popularity of at-home skincare devices, and technological advancements.

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.

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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

Major companies operating in the alpha-hydroxy acid market are shifting towards personalized skincare solutions, such as glycolic acid eye serum, to meet growing consumer demands for targeted and effective skincare treatments. The glycolic acid eye serum is a targeted skincare solution formulated to address under-eye concerns such as dark circles and puffiness effectively. For instance, in February 2024, L’Oréal S.A., a France-based personal care company, launched glycolic bright dark circle eye serum, tailored for the Indian skincare market. The product addresses under-eye hyperpigmentation and puffiness effectively, catering to the growing demand in the eye serum category. The scientifically formulated serum promises to reduce dark circles by an impressive 49% in just two weeks, offering visible improvements over time. The serum combines three key ingredients, such as glycolic acid (3%), vitamin C, and niacinamide, known for their efficacy in tackling under-eye concerns. It features a unique triple-bead applicator with patented cooling technology. The serum ensures quick absorption, enhancing its depuffing benefits for under-eye areas.

The alpha hydroxy acid market report table of contents includes:

1. Executive Summary
2. Alpha Hydroxy Acid Market Characteristics
3. Alpha Hydroxy Acid Market Trends And Strategies
4. Alpha Hydroxy Acid Market — Macro Economic Scenario
5. Global Alpha Hydroxy Acid Market Size and Growth
…

32. Global Alpha Hydroxy Acid Market Competitive Benchmarking
33. Global Alpha Hydroxy Acid Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Alpha Hydroxy Acid Market
35. Alpha Hydroxy Acid Market Future Outlook and Potential Analysis
36. Appendix

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