About Alpha Hydroxy Acid (AHA)
Alpha Hydroxy Acid are originated from milk and food sugars, which are commonly divided into lactic acid and glycolic acid. Mostly these acid are penetrate the skin very well and often used in skin care products. Over the past few years, demand for Alpha Hydroxy Acid has increased due to rising pollution levels with unhealthy food habits. Rapid growth of the cosmetic industry fueling the demand for the product in emerging economies such as India, China, Japan, and others. Further, increasing use of Alpha Hydroxy Acid among elastin & collagen production and improved blood circulation is anticipated to remain a key driving factor for the market growth. In addition, increasing absorption of active ingredients from skincare creams & serum and growing brand awareness among customers further driving the demand for the product. Moreover, some of the major players in the market such as Dow Chemical, Parchem, CrossChem and others are focusing on marketing strategies and product innovation to meet the changing customer demand which is expected to drive the market demand over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Alpha Hydroxy Acid (AHA) market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Alpha Hydroxy Acid (AHA) market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dow Chemical (United States), Parchem (United States), CrossChem (United States), Sinoway Industrial (China), Changzhou Qidi Chemical (United States) and Henan Jindan (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Alpha Hydroxy Acid (AHA) market by Type (Glycolic Acid, Lactic Acid, Malic Acid, Tartaric Acid, Citric Acid, Almond Acid and Other), Application (Body Lotion, Face Cream, Anti- Aging Creams, Face Pack and Peels) and Region.
On the basis of geography, the market of Alpha Hydroxy Acid (AHA) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
If we see Market by , the sub-segment i.e. will boost the Alpha Hydroxy Acid (AHA) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Value Oriented Consumers and Substitutes Available For Alpha Hydroxyl Acid (AHA)
Market Growth Drivers:
Improved Standard of Living Boost the Alpha Hydroxyl Acid (AHA) Market. and Rising Demand of Alpha Hydroxyl Acid (AHA) at Cosmetic Industry.
Challenges:
Limitation Due to Government Regulation are Anticipated to Challenge the Market. and Fluctuation of Raw Materials is anticipated to Challenge the Market.
Restraints:
Side Effect Associated Within Alpha Hydroxyl Acid (AHA) Hampers the Market. and Lack of Awareness Among the Customers.
Opportunities:
Proliferation due to Rising Pollution Levels Leads to Grow the Alpha Hydroxyl Acid (AHA) Market. and Upsurge Demand Due to Technological Advancements in Cosmetic Products.
Market Leaders and their expansionary development strategies
In February 2019, SkinCeuticals launched a new glycolic acid cream which is beneficial in providing ideal concentration to promote skin glow while maintaining tolerability for nightly use. It also offers improved texture, tone, and a brighter complexion.
In July 2019, Dr. Dennis gross launched an alpha beta pore perfecting and refining serum which is beneficial in providing skin care staple for all types of skin. It also consists of salicylic acid and adipic acid that used for acne and clogged pores.
“According to Food & Drugs Administration, its provide cosmetic products containing alpha hydroxy acids (AHAs) as ingredients may increase the sensitivity of skin to the sun while the products are used and for up to a week after use is stopped, and that this increased skin sensitivity to the sun may increase the possibility of sunburn. The purpose of this guidance is to educate consumers about the potential for increased skin sensitivity to the sun from the topical use of cosmetics containing AHAs as ingredients and to educate manufacturers to help ensure that their labeling for cosmetic products containing AHAs as ingredients is not false or misleading.”
Key Target Audience
Alpha Hydroxy Acid (AHA) Manufacturers, Alpha Hydroxy Acid (AHA) Traders, End-Use Market Participants of Different Segments of Alpha Hydroxy Acid (AHA), Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.