Salicylic Acid and Alpha Hydroxy Acid for Cosmetic Market Size, Share, Growth, and Industry Analysis, By Type (Glycolic Acid, Lactic Acid, Citric Acid and Others), By Application (Facial Cleanser, Facial Mask, Essence, Facial Toner, Face Cream, Body Lotion, Hair Care and Others), and Regional Forecast By 2031

Updated On: 15 April 2024

Salicylic Acid and Alpha Hydroxy Acid for Cosmetic Market Report Overview

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The global salicylic acid and alpha hydroxy acid for cosmetic market size was USD 116.9 million in 2022, as per our research, the market is expected to reach USD 194.22 million by 2031, exhibiting a CAGR of 5.8% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with the Salicylic acid and alpha hydroxy acid for cosmetic market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Salicylic acid is a beta hydroxy acid (BHA) that is oil-soluble, which makes it particularly effective at penetrating the pores and exfoliating deep within them. This makes it a great option for people with oily or acne-prone skin, as it can help to unclog pores and reduce the occurrence of breakouts. It is also effective at reducing inflammation and can help to calm redness and irritation in the skin.

Alpha Hydroxy Acid, on the other hand, is a group of water-soluble acids that includes glycolic acid and lactic acid. These acids work by breaking down the bonds between dead skin cells on the surface of the skin, which helps to slough off the dull, dead skin and reveal fresher, brighter skin underneath. This makes Alpha Hydroxy Acid a great option for people with dry or mature skin, as it can help to smooth out fine lines and wrinkles and improve the overall texture and tone of the skin.

COVID-19 Impact: Pandemic Decreased the Market Demand

The COVID-19 pandemic has had a significant impact on the global cosmetic industry, including the market for salicylic acid and alpha hydroxy acid for cosmetics. While the demand for these ingredients remained relatively stable during the pandemic, the supply chain disruptions and production slowdowns caused by COVID-19 have led to some challenges for the industry. One of the major challenges faced by the industry was the disruption of global supply chains due to travel restrictions and border closures. Many cosmetic companies rely on raw materials and ingredients sourced from other countries, and the pandemic has made it difficult to obtain these materials in a timely manner. This has resulted in delays in production and distribution of cosmetic products that contain salicylic acid and AHA. Another challenge faced by the industry was the closure of manufacturing facilities due to COVID-19 outbreaks among workers. This led to a decrease in production capacity and a shortage of certain cosmetic products in the market. Additionally, the increased demand for personal protective equipment (PPE) and other medical supplies during the pandemic has put pressure on the supply of some chemicals and raw materials used in the cosmetic industry, including salicylic acid and AHA.

Latest Trends

"Natural and organic formulations to fuel the growth in the market"

The trend towards natural and organic formulations in the salicylic acid and alpha hydroxy acid for cosmetic market is driven by consumer demand for products that are free of synthetic chemicals and are perceived to be healthier and safer for the skin. Many consumers are also concerned about the environmental impact of traditional cosmetics and are looking for products that are eco-friendly. In response to this trend, many cosmetic companies are using natural sources for their salicylic acid and AHA ingredients, such as willow bark extract or fruit extracts like glycolic acid from sugar cane or lactic acid from milk. These natural sources are believed to be gentler on the skin and may have additional skincare benefits, such as antioxidant or anti-inflammatory properties. Moreover, companies are formulating their products with organic ingredients, avoiding synthetic preservatives, and using eco-friendly packaging. Consumers are looking for transparency from companies, and they want to know the origin of the ingredients, the manufacturing processes, and the impact on the environment.

Salicylic Acid and Alpha Hydroxy Acid for Cosmetic Market Segmentation

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• By Type Analysis

According to type, the market can be segmented glycolic acid, lactic acid, citric acid and others.

• By Application Analysis

Based on application, the market can be divided into facial cleanser, facial mask, essence, facial toner, face cream, body lotion, hair care and others.

Driving Factors

"Growing demand for skincare products to foster the market growth"

The demand for skincare products that contain salicylic acid and AHA has been growing due to the increasing awareness of the importance of skincare. Consumers are more educated and informed about the benefits of incorporating salicylic acid and AHA into their skincare routine, which includes exfoliating dead skin cells, unclogging pores, and improving the overall appearance of their skin. Moreover, the growing interest in preventive and proactive skincare routines is driving demand for products that contain these ingredients, especially among the younger generation. Additionally, the aging population is also contributing to the salicylic acid and alpha hydroxy acid for cosmetic market growth.

"Social media and influencer marketing to result in the expansion of the market"

Social media platforms have become a powerful marketing tool for cosmetic companies, especially when it comes to promoting products that contain salicylic acid and AHA. Influencers and beauty bloggers have a significant impact on consumer purchasing decisions, and they often feature these products in their content, creating buzz and interest in the market. Influencer marketing helps companies to reach their target audience more effectively and can increase their brand awareness, especially among younger consumers who spend more time on social media. Additionally, user-generated content on social media platforms featuring salicylic acid and AHA-containing products can help to build trust and credibility for these products among potential consumers.

Restraining Factors

"Side effects and safety concerns to hamper the market growth"

Salicylic acid and alpha hydroxy acid for cosmetics are generally safe when used correctly, but they can cause side effects in some users, especially those with sensitive skin. For example, salicylic acid can cause skin irritation, dryness, and peeling if used in high concentrations or for extended periods. Similarly, AHA can cause sensitivity to sunlight and mild stinging or burning sensations. These side effects and safety concerns can lead to negative reviews and reduced demand for products that contain salicylic acid and AHA thus adversely affecting the salicylic acid and alpha hydroxy acid for cosmetic market share.

Salicylic Acid and Alpha Hydroxy Acid for Cosmetic Market Regional Insights

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"Asia Pacific to lead the market owing to the rising awareness of skincare products. "

Asia-Pacific is projected to show the highest growth in this market over the forecast period. The Asia-Pacific market is driven by several factors, including a growing population, increasing disposable income, and rising awareness of skincare products. Countries such as China, Japan, and South Korea are major contributors to the growth of the market, with consumers in these countries increasingly interested in high-quality skincare products that contain effective ingredients like salicylic acid and AHA.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market.  "

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Seqens - Paris, France
• Shandong Xinhua Pharmaceutical - Zibo, China
• Hebei Jingye Medical Technology - Shijiazhuang, China
• JQC (Huayin) Pharmaceutical - Huayin, China
• The Andhra Sugars Limited - Tanuku, India
• Zhenjiang Gaopeng Pharmaceutical - Zhenjiang, China
• Nanjing Chinafirst Chemical - Nanjing, China

Report Coverage

This report examines an understanding of the salicylic acid and alpha hydroxy acid for cosmetic market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.