According to the industry 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 MarketStudyReport, global mandelic acid market is slated to reach a high valuation by 2027.
 

Increasing product usage across several application spectrums such as personal care, pharmaceuticals, and cosmetics along with its antibacterial qualities are fueling global mandelic market demand. Besides, research activities with respect to new product innovations are likely to enhance the industry value in the coming years.

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For the uninitiated, mandelic acid is an alpha hydroxy acid found in bitter almonds. It much more gentle compound in comparison to other AHAs, which makes it viable for use in personal care & cosmetics products for all skin types. It finds usage in chemical peel-off masks, over-the-counter skincare products, and urinary tract infection treatment due its non- toxic properties.

Based on the application perspective, the API synthesis sub-segment of the personal care and cosmetics division is anticipated to record a CAGR of more than 11.5% over the forecast period.

Meanwhile, global mandelic acid industry from preservatives sub-segment is slated to record a healthy growth rate of 9% during the assessment timeframe. This can be ascribed to the exceptional preservative properties of propionyl mandelic acid and ox acetyl mandelic acid which make them favorable for use as anti-microbial preservation agents in ointments.

From a regional frame of reference, the industry spans across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, the LATAM market is projected to record a CAGR of more than 19.5% during the analysis period due to a shift in the spending habits of consumers, as well as the increasing demand for skin-care products across Brazil.

Meanwhile, the Middle East & Africa mandelic market is estimated to progress at a CAGR of 13% through 2027, mainly due to growing need for innovative products and rapid proliferation of the cosmetic industry.

Speaking of the competitive framework, Biosynth Carbosynth, Sigma-Aldrich, Santa Cruz Biotechnology Inc., Clearsynth Labs Ltd., Alfa Aesar, Wuhan Runder Pharmda Technology Co., Ltd., Evonik Industries AG, Hanhong Group, BASF SE, Jiangxi Keyuan Biopharm Co., Ltd., Haihang Group, and Zhonglan Industry Co., Ltd. play a crucial role in influencing the market trends.