Global Alpha Hydroxy Acid (AHA) Market Size, Trends, By Type (Glycolic Acid, Lactic Acid, Citric Acid, Malic Acid, and Others), By Application (Skin Care, Hair Care, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Alpha Hydroxy Acid (AHA) Market
The Global Alpha Hydroxy Acid (AHA) Market was valued at US$ 1.26 Bn in 2022, estimated to reach US$ 2.34 Bn by 2030, with a CAGR of 7.76% from 2023-2030.
Alpha Hydroxy Acids (AHAs) are a group of naturally occurring or synthetic acids commonly used in skincare products. The most used AHAs in skin care include glycolic acid, lactic acid, and citric acid. AHAs are known for their ability to exfoliate the skin by breaking down the bonds between dead skin cells, revealing smoother, brighter, and more youthful-looking skin. They can also improve the texture of the skin, reduce the appearance of fine lines and wrinkles, and improve hyperpigmentation. AHAs are often used in a variety of skincare products, such as cleansers, toners, serums, and masks, and can be found in varying concentrations depending on the product and skin type.
Market Drivers
The global market for alpha hydroxy acids (AHA) is primarily driven by the growing demand for effective and safe cosmetic products. The rising awareness about skincare and beauty, coupled with the increasing disposable income of consumers, is driving the demand for AHA-based products. AHAs are widely used in various cosmetic products, including creams, lotions, serums, and masks, for their exfoliating, moisturizing, and anti-aging properties.
Moreover, the growing prevalence of skin problems such as acne, wrinkles, and hyperpigmentation, especially among the aging population, has led to an increase in demand for AHA-based products. Furthermore, the use of AHAs in the pharmaceutical industry for the treatment of various skin conditions is also contributing to the growth of the global AHA market.
Market Restraints
The global Alpha Hydroxy Acid (AHA) market is restrained by the potential for skin irritation and sensitivity that can occur with the use of AHAs, particularly at high concentrations. This can limit their use and appeal for some consumers, and lead to negative reviews and decreased demand for AHA-containing products.
Additionally, AHAs can increase the skin's sensitivity to the sun, making it more prone to sunburn and potentially leading to long-term skin damage. As a result, products containing AHAs often require strict instructions for use and may only be recommended for certain skin types. Another restraint to market growth is the potential for chemical instability of AHAs in certain product formulations, leading to decreased effectiveness or shortened shelf life. This can limit the appeal of AHA-containing products for manufacturers and consumers alike.
Market Segmentation
The scope of the global alpha hydroxy acid market covers segmentation based on type, application, and region.
Based on type, the market can be divided into glycolic acid, lactic acid, citric acid, malic acid, and others. Based on application, the market can be segmented into skin care, hair care, and others.
Regional Analysis
The global alpha hydroxy acid market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is currently dominating the global alpha hydroxy acid market due to the high adoption of skin care products and awareness of the benefits of AHAs in the region. The Asia Pacific region is expected to witness fast growth in the market due to the increasing demand for personal care products and rising awareness of skin health and wellness among consumers. Additionally, the presence of a large population base, rising disposable incomes, and the growing popularity of e-commerce platforms for purchasing skincare products are expected to drive market growth in the region.
Key Players
Cargill Inc, Tokyo Chemical Industry, Parchem, Corbion NV, Airedale Chemical Company Limited, The Chemours Company, H Plus Limited, Lotioncrafter, Mehul Dye Chem Industries, Jungbunzlauer, etc.
Market Taxonomy
By Type
• Glycolic Acid
• Lactic Acid
• Citric Acid
• Malic Acid
• Others
By Application
• Skin Care
• Hair Care
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the key opportunities in the Global Alpha Hydroxy Acid (AHA) Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the market?
• What is the competitive landscape in the industry?
• What is the role of key players in the value chain?
Global Alpha Hydroxy Acid (AHA) Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Alpha Hydroxy Acid (AHA) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Alpha Hydroxy Acid (AHA) Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Alpha Hydroxy Acid (AHA) Market Share Analysis, By Type
5.3 Global Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Type
5.3.1 Glycolic Acid
5.3.2 Lactic Acid
5.3.3 Citric Acid
5.3.4 Malic Acid
5.3.5 Others
6 Global Alpha Hydroxy Acid (AHA) Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Alpha Hydroxy Acid (AHA) Market Share Analysis, By Application
6.3 Global Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Application
6.3.1 Skin Care
6.3.2 Hair Care
6.3.3 Others
7 Global Alpha Hydroxy Acid (AHA) Market, By Region
7.1 Global Alpha Hydroxy Acid (AHA) Market Share Analysis, By Region
7.2 Global Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Region
7.3 Global Alpha Hydroxy Acid (AHA) Market Trends and Forecast, By Region
8 North America Alpha Hydroxy Acid (AHA) Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Alpha Hydroxy Acid (AHA) Market Share Analysis, By Type
8.3 North America Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Application
8.4 North America Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Country
8.4.1 U.S.
8.4.1.1 Market Size and Forecast, By Type
8.4.1.2 Market Size and Forecast, By Application
8.4.2 Canada
8.4.2.1 Market Size and Forecast, By Type
8.4.2.2 Market Size and Forecast, By Application
8.4.3 Mexico
8.4.3.1 Market Size and Forecast, By Type
8.4.3.2 Market Size and Forecast, By Application
9 Europe Alpha Hydroxy Acid (AHA) Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Alpha Hydroxy Acid (AHA) Market Share Analysis, By Type
9.3 Europe Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Application
9.4 Europe Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Country
9.4.1 Germany
9.4.1.1 Market Size and Forecast, By Type
9.4.1.2 Market Size and Forecast, By Application
9.4.2 France
9.4.2.1 Market Size and Forecast, By Type
9.4.2.2 Market Size and Forecast, By Application
9.4.3 UK
9.4.3.1 Market Size and Forecast, By Type
9.4.3.2 Market Size and Forecast, By Application
9.4.4 Russia
9.4.4.1 Market Size and Forecast, By Type
9.4.4.2 Market Size and Forecast, By Application
9.4.5 Italy
9.4.5.1 Market Size and Forecast, By Type
9.4.5.2 Market Size and Forecast, By Application
9.4.6 Spain
9.4.6.1 Market Size and Forecast, By Type
9.4.6.2 Market Size and Forecast, By Application
9.4.7 Rest of Europe
9.4.7.1 Market Size and Forecast, By Type
9.4.7.2 Market Size and Forecast, By Application
10 Asia Pacific Alpha Hydroxy Acid (AHA) Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Alpha Hydroxy Acid (AHA) Market Share Analysis, By Type
10.3 Asia Pacific Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Application
10.4 Asia Pacific Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Country
10.4.1 China
10.4.1.1 Market Size and Forecast, By Type
10.4.1.2 Market Size and Forecast, By Application
10.4.2 Japan
10.4.2.1 Market Size and Forecast, By Type
10.4.2.2 Market Size and Forecast, By Application
10.4.3 India
10.4.3.1 Market Size and Forecast, By Type
10.4.3.2 Market Size and Forecast, By Application
10.4.4 South Korea
10.4.4.1 Market Size and Forecast, By Type
10.4.4.2 Market Size and Forecast, By Application
10.4.5 Australia
10.4.5.1 Market Size and Forecast, By Type
10.4.5.2 Market Size and Forecast, By Application
10.4.6 New Zealand
10.4.6.1 Market Size and Forecast, By Type
10.4.6.2 Market Size and Forecast, By Application
10.4.7 Singapore
10.4.7.1 Market Size and Forecast, By Type
10.4.7.2 Market Size and Forecast, By Application
10.4.8 Malaysia
10.4.8.1 Market Size and Forecast, By Type
10.4.8.2 Market Size and Forecast, By Application
10.4.9 Rest of Asia
10.4.9.1 Market Size and Forecast, By Type
10.4.9.2 Market Size and Forecast, By Application
11 Latin America Alpha Hydroxy Acid (AHA) Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Alpha Hydroxy Acid (AHA) Market Share Analysis, By Type
11.3 Latin America Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Application
11.4 Latin America Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Country
11.4.1 Brazil
11.4.1.1 Market Size and Forecast, By Type
11.4.1.2 Market Size and Forecast, By Application
11.4.2 Argentina
11.4.2.1 Market Size and Forecast, By Type
11.4.2.2 Market Size and Forecast, By Application
11.4.3 Colombia
11.4.3.1 Market Size and Forecast, By Type
11.4.3.2 Market Size and Forecast, By Application
11.4.4 Peru
11.4.4.1 Market Size and Forecast, By Type
11.4.4.2 Market Size and Forecast, By Application
11.4.5 Chile
11.4.5.1 Market Size and Forecast, By Type
11.4.5.2 Market Size and Forecast, By Application
11.4.6 Venezuela
11.4.6.1 Market Size and Forecast, By Type
11.4.6.2 Market Size and Forecast, By Application
11.4.7 Rest of Latin America
11.4.7.1 Market Size and Forecast, By Type
11.4.7.2 Market Size and Forecast, By Application
12 Middle East Alpha Hydroxy Acid (AHA) Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Alpha Hydroxy Acid (AHA) Market Share Analysis, By Type
12.3 Middle East Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Application
12.4 Middle East Alpha Hydroxy Acid (AHA) Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.1.1 Market Size and Forecast, By Type
12.4.1.2 Market Size and Forecast, By Application
12.4.2 UAE
12.4.2.1 Market Size and Forecast, By Type
12.4.2.2 Market Size and Forecast, By Application
12.4.3 Egypt
12.4.3.1 Market Size and Forecast, By Type
12.4.3.2 Market Size and Forecast, By Application
12.4.4 Kuwait
12.4.4.1 Market Size and Forecast, By Type
12.4.4.2 Market Size and Forecast, By Application
12.4.5 South Africa
12.4.5.1 Market Size and Forecast, By Type
12.4.5.2 Market Size and Forecast, By Application
12.4.6 Rest of Middle East & Africa
12.4.6.1 Market Size and Forecast, By Type
12.4.6.2 Market Size and Forecast, By Application
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Cargill Inc
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Tokyo Chemical Industry
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Parchem
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Corbion NV
14.4.1 Overview
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Airedale Chemical Company Limited
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 The Chemours Company
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 H Plus Limited
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Lotioncrafter
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Mehul Dye Chem Industries
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Jungbunzlauer
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
