According to the recent study the alpha hydroxy acid marketis projected to grow at a CAGR of 10%-11% from 2020 to 2025. Growth in this market is primarily driven byincreasing demand for skin care products, improved standard of living, and increasing skin problems.
Browse XX figures / charts and XXtables in this 150 -page report to understand trends, opportunities and forecast in alpha hydroxy acidmarketby product type (glycolic acid, lactic acid, citric), application (skin care, hair care, make up, fragrances, dermal, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
“Glycolic acid market is expected to remain the largest segment during the forecast period.”
Based on product type, the alpha hydroxy acidmarket is segmented intoglycolic acid, lactic acid, citric. Lucintel forecasts that the glycolic acidis expected to witness the largest segment over the forecast period due to increasing application scope in anti-ageing formulations to reduce wrinkles, fine lines, and freckles.
“Within the alpha hydroxy acidmarket, the skin care segment is expected to remain the largest application”
Based on application, the skin care segment is expected to witness the largest application over the forecast period due to high application scope in skin moisturizing, acne treatment, improving appearance of acne scars and smoothing, and increasing product usage in dry skin disease treatments.
“North Americawill dominate the alpha hydroxy acidmarket in near future”
North Americais expected to be the largest region over the forecast perioddue to preference for organic and natural beauty products, high focus on skin health and presence of major personal care product manufacturing companies in the region.
