Mandelic Acid Market size will continue to see strong growth with growing application potential across the healthcare and personal care industry. Mandelic acid, an aromatic alpha hydroxy acid, extracted from bitter almonds is an essential ingredient in cosmetic and medicine industry. It is used as an intermediate & antimicrobial in personal care and pharmaceutical products.
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Rise in consumer purchasing power accompanied by increase in application scope pertaining to adult acne will stimulate mandelic acid market in cosmetic applications. Global cosmetic industry spending was over USD 465 billion in 2015 and is predicted to surpass USD 670 billion by 2023, increase in women participation at work accompanied by growth in men preference for creams and lotion has driven product demand.
As a cosmetic ingredient, it possesses various advantages, making it suitable to meet consumer needs which includes exfoliating dead skin, repair sun damaged skin, treats freckles, and acts an anti-aging formula. The product has anti-bacterial properties which makes them ideal for pharmacological uses. As it can be used with methenamine in order to produce mandelamine, which is used to treat chronic urinary tract infections (UTI). Moreover, structurally it acts as an antibiotics used for bacterial infections treatment.
As per industry estimates, yearly approximately 150 million UTI cases occur globally, majorly observed in women. Increase in consumer health awareness and affordability to pay for medical prescriptions should help to drive mandelic acid market growth. Moreover, the product is also used a component of chemical face peels in medical community.
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North America mandelic acid market demand is likely to observe notable growth owing to increase in trend for anti-aging cream accompanied by EPA approval to use it as an ingredient in drugs and creams. Increase in pharmaceutical spending and preference for nutraceutical products should favor Europe mandelic acid market share. Germany medical drugs expenditure is noted to be highest in region. As per industry estimates the country had pharmaceutical turnover of over USD 49 billion in 2014.
This latest Mandelic Acid Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Mandelic Acid Market industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
report, “Mandelic Acid Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024.”, in detail along with the table of contents.
Key Insights in this Report
- Global Mandelic Acid Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Mandelic Acid Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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