Alpha Hydroxy Acid (AHA) Market 2023 | Increasing Consumer Preferences For Skin Care Products

According to Precision Business Insights (PBI), latest report, the global alpha hydroxy acid (AHA) market is expected to be valued at USD 1,438.9 million in 2022, growing at a 9.1% CAGR during the forecast period 2023 to 2029. The primary drivers of the expansion of the global alpha hydroxy acid (AHA) market include the increasing consumer preferences for skin care products, and the increase in the usage of AHA based products in the hair care products.

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Based On Applications to Dominate the Alpha Hydroxy Acid (AHA) Market:
Based on application, the cosmetics segment is likely to cross the alpha hydroxy acid market, which is due to consumers mostly spending on cosmetics due to increased living standards. In addition, cosmetic properties such as signs of aging, acne scars, and wrinkle reduction determine the market size. In addition, hair care products for hair loss treatment and detangling are expected to boost market statistics. Consumer shift towards premium and luxury brands will play a key role in boosting the industry outlook during the forecast period.

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The alpha hydroxy acid (aha) market is segmented based on product, application, and geography.
Based On the Product:
• Glycolic Acid
• Lactic Acid
• Citric Acid
• Others

Based On the Application:
• Cosmetics
• Dermal

Based On Geography:
• North America
• Europe
• Asia-Pacific
• Middle East and Asia
• Latin America

North America Alpha Hydroxy Acid (AHA) Market:
North America is expected to increase in the global alpha hydroxy acid (AHA) market over the forecast period. It is projected to grow at a CAGR in the coming years. North America is expanding in the global alpha hydroxy acid (AHA) due to government support playing a prominent role in the business growth of chemical products, well established skincare companies and other. Asia-pacific is expected to bring up a significant growth rate in coming years.

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The global alpha hydroxy acid (aha) market report key players are Corbion, Chemours Company, Croda International Plc, Henan Jindan Lactic Acid Techn. Co., Ltd, Allure, Lotion Crafter, Ava Chemicals, Sculptra Chemicals, Brenntag and Cargill Incorporated.

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This release was published on openPR.