“According to a new report published by Introspective Market Research, Mandelic Acid Market by Type, Application, and End-Use Industry, The Global Mandelic Acid Market Size Was Valued at USD 284.13 Million in 2023 and is Projected to Reach USD 979.38 Million by 2032, Growing at a CAGR of 14.74% From 2024–2032.”

The global mandelic acid market is witnessing robust growth driven by rising demand across pharmaceutical, cosmetic, and chemical industries. Mandelic acid, an aromatic alpha hydroxy acid (AHA), is widely valued for its antibacterial properties, chemical stability, and gentle exfoliating action compared to other AHAs. These characteristics make it suitable for sensitive-skin formulations and specialty pharmaceutical applications.

In pharmaceuticals, mandelic acid is extensively used as an intermediate in drug synthesis and in the treatment of urinary tract infections. Meanwhile, the cosmetics industry is increasingly adopting mandelic acid in skincare products such as anti-acne solutions, chemical peels, and anti-aging formulations. Growing consumer awareness of dermatologically safe and clinically proven ingredients is accelerating its adoption globally.

Additionally, expanding applications in chemical synthesis, coupled with advancements in production technologies and increasing investments in specialty chemicals, are further strengthening the market outlook. The market is expected to maintain a strong growth trajectory throughout the forecast period.

Market Segmentation

The Mandelic Acid Market is segmented into Type, Application, and End-Use Industry.
By Type, the market is categorized into Synthetic Mandelic Acid and Natural Mandelic Acid.
By Application, the market is categorized into Pharmaceuticals, Cosmetics & Personal Care, and Chemical Intermediates.
By End-Use Industry, the market is categorized into Healthcare, Cosmetics & Skincare, and Chemical Manufacturing.

Growth Driver

One of the primary growth drivers of the mandelic acid market is the rapidly expanding cosmetics and personal care industry. Rising consumer demand for mild, effective, and dermatologist-recommended skincare ingredients has significantly increased the use of mandelic acid in acne treatment, exfoliation, and anti-aging products. Its slower skin penetration rate compared to other AHAs reduces irritation, making it ideal for sensitive skin. This advantage has led to increased formulation adoption by cosmetic brands, boosting overall market growth.

Market Opportunity

A major opportunity in the mandelic acid market lies in the expanding pharmaceutical sector, particularly in emerging economies. Increasing healthcare expenditure, rising prevalence of infections, and growing pharmaceutical manufacturing capacities are creating strong demand for mandelic acid as a drug intermediate. Additionally, research into novel therapeutic applications and sustainable production methods presents lucrative opportunities for manufacturers to expand their product portfolios and strengthen their global presence.

Detailed Segmentation

Mandelic Acid Market, Segmentation

The Mandelic Acid Market is segmented on the basis of Type, Application, and End-Use Industry.

Type

The Type segment is further classified into Synthetic Mandelic Acid and Natural Mandelic Acid. Among these, the Synthetic Mandelic Acid sub-segment accounted for the highest market share in 2023. This dominance is attributed to its cost-effectiveness, consistent purity levels, and large-scale availability, making it highly suitable for pharmaceutical and industrial applications. Synthetic variants also benefit from well-established manufacturing processes and strong supply chains.

Application

The Application segment is further classified into Pharmaceuticals, Cosmetics & Personal Care, and Chemical Intermediates. Among these, the Cosmetics & Personal Care sub-segment accounted for the highest market share in 2023. Growing demand for clinical-grade skincare products, increasing consumer focus on skin health, and rising adoption of AHAs in cosmetic formulations are key factors driving this segment’s leadership.

Some of The Leading/Active Market Players Are-

• BASF SE (Germany)
• Merck KGaA (Germany)
• Thermo Fisher Scientific Inc. (U.S.)
• Alfa Aesar (U.S.)
• Tokyo Chemical Industry Co., Ltd. (Japan)
• Cayman Chemical (U.S.)
• Spectrum Chemical Manufacturing Corp. (U.S.)
• Santa Cruz Biotechnology, Inc. (U.S.)
• Loba Chemie Pvt. Ltd. (India)
• Parchem Fine & Specialty Chemicals (U.S.)
• Central Drug House (India)
• Haihang Industry Co., Ltd. (China)
• Shanghai Aladdin Biochemical Technology Co., Ltd. (China)

and other active players.

Key Industry Developments

In March 2024, leading chemical manufacturers expanded mandelic acid production capacities to meet rising demand from cosmetic and pharmaceutical industries.
This expansion focused on improving supply chain stability and ensuring consistent product quality, supporting increased global consumption.

In October 2024, several skincare brands introduced new mandelic acid–based formulations targeting acne and sensitive skin.
These product launches highlight the growing acceptance of mandelic acid as a preferred AHA in premium and dermatology-backed skincare lines.

Key Findings of the Study

• Cosmetics & personal care dominated application segments
• Synthetic mandelic acid held the largest market share
• Asia-Pacific emerged as a high-growth regional market
• Rising skincare demand is a key growth driver
• Innovation in formulations is a major market trend

More Info:- https://introspectivemarketresearch.com/reports/mandelic-acid-market/

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