According to the 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 expected to witness significant growth by the end of the forecast period 2020-2027.
 

As per report findings, high demand from pharmaceutical products, personal care & cosmetics industries is expected to drive global mandelic acid market growth. Moreover, strong product demand due to antibacterial properties, together with new product innovations in this field will considerably boost market expansion in coming years. Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3878243/ For the uninitiated, mandelic acid is an alpha hydroxy acid generated from bitter almonds that is gentler than other alpha hydroxy acids (AHAs) like lactic acid and glycolic acid. This characteristic allows it to be used safely in various personal care & cosmetic products for a wide range of skin types. Professional chemical peels and over-the-counter skincare treatments both include the acid.

In terms of application, market is divided into three categories, personal care & cosmetics, pharmaceuticals, and others. The pharmaceutical is sub-segmented preservative and API synthesis. During the assessment period, the API synthesis segment is predicted to grow at a strong rate of 11.5%, whereas the preservative application category is expected to develop at a rate of 9% over the same duration. 
 

On the regional front, worldwide mandelic acid market size spans across North America (U.S., Canada, Mexico), Latin America (Brazil), Europe (Germany, UK, France, Spain, Italy, Russia), Asia Pacific (China, India, Japan, South Korea, Malaysia), and Middle East & Africa (Saudi Arabia, UAE, South Africa).
 

The LATAM industry is expected to grow over 19.5% over the forecast time period owing to shift in purchasing habits and preferences of consumers along with an increasing demand for skincare products, especially in Brazil
 

Considering the competitive landscape, Haihang Group, BASF SE, Jiangxi Keyuan Biopharm Co., Ltd., Hanhong Group, Evonik Industries AG, Wuhan Runder Pharmda Technology Co., Ltd., Regar Chemicals Co., Ltd., Zhonglan Industry Co., Ltd., Santa Cruz Biotechnology, Clearsynth, Sigma Aldrich, Alfa Aesar (part of Thermo Fisher Scientific), Biosynth Carbosynth are top contenders in global mandelic acid market.