Press release
Azelaic Acid Market Size, Share, Growth, and Opportunities 2024 - 2031 | BASF SE, Croda International plc, Emery Oleochemicals
Azelaic Acid Market
The azelaic acid market size is expected to reach US$ 353.0 Mn by 2031, from US$ 210.0 Mn in 2023, at a CAGR of 7.7% during the forecast period.
Market Dynamics:
The growth of the azelaic acid market is driven by increasing demand from pharmaceuticals industry for acne treatment and rising use in cosmetic industry for skin lightening products. According to projections, acne afflicts over 50 million Americans annually and azelaic acid 20% cream and gel formulations are highly effective remedies for mild to moderate acne. Similarly, the global skin lightening products market is expected to reach a value of $23 billion by 2027, driving demand for azelaic acid. Additionally, azelaic acid helps reduce inflammation associated with rosacea and hyperpigmentation, further fueling market expansion.
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Major Growth Driver: Increasing Usage of Azelaic Acid in Treatment of Various Skin Conditions
The global azelaic acid market is expected to witness significant growth owing to the rising usage of azelaic acid in treatment of various skin conditions such as acne, rosacea, and hyperpigmentation. Azelaic acid is commonly prescribed by dermatologists for treatment of mild to moderate acne as it helps control the bacteria that cause acne lesions and reduces inflammation. Furthermore, azelaic acid cream is an effective prescription treatment for patients suffering from rosacea. It works by reducing redness and pimples on the skin. Azelaic acid is also gaining importance in treatment of hyperpigmentation, melasma, and other pigmentation issues. Its ability to inhibit tyrosinase enzyme makes it effective in lightening dark spots. The growing prevalence of various skin conditions globally is expected to boost the demand for azelaic acid-based pharmaceutical and cosmetic products during the forecast period.
Major Growth Driver: Increasing Demand from Cosmetic Industry
The increasing demand for azelaic acid from the cosmetic industry is another major driver for the azelaic acid market growth. Azelaic acid helps improve the appearance and texture of skin. It aids in skin lightening, controls excess sebum production, and minimizes appearance of fine lines and wrinkles. Also, azelaic acid acts as a natural alpha hydroxy acid (AHA) that sloughs off dead skin and promotes cell turnover. Leading cosmetic brands are increasingly incorporating azelaic acid in formulations of anti-aging creams, serums, and lotions for its multiple skin benefits. Furthermore, azelaic acid is used as an ingredient in acne treatment gels, creams and cleansers. The growing personal care and cosmetics industry worldwide is generating high demand for natural exfoliating and skin brightening agents like azelaic acid. This rising popularity of azelaic acid in the cosmeceuticals sector will drive significant market growth.
Major Market Opportunity: New Product Developments in Cosmeceutical Segment
The opportunity for azelaic acid market lies in new product developments catering to growing demand from the cosmeceutical industry. Azelaic acid has found wide applications in anti-aging formulations, and its demand is anticipated to surge further with rising aging population worldwide. Key players can capitalize on this trend by focusing on R&D and innovation of novel cosmetic products incorporating azelaic acid. Some potential areas of product development are oil-free moisturizers, serums for pigmentation control, acid peels, cleansers for acne-prone skin, natural sunscreens, and anti-dandruff shampoos. Partnerships with leading cosmetic brands will support commercialization of these new azelaic acid-based formulations. Focusing on customized formulations suitable for specific ethnic skin types is another opportunity area. With advancements in nanoencapsulation and delivery technology, stable and targeted release of azelaic acid can be achieved. Overall, development of new lines of innovative cosmeceutical products leveraging the multifunctional profile of azelaic acid presents lucrative opportunities in the coming years.
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Top Companies Featured in This Report:
★ BASF SE
★ Croda International plc
★ Emery Oleochemicals
★ Haihang Industry Co.
★ Ltd
★ Jiangsu Senxuan Pharmaceutical And Chemical Co., Ltd.,
★ Matrica S.p.A.
★ Nantong Hengxing Electronic Materials Co., Ltd.,
★ Nantong Jinghua Pharmaceutical Co., Ltd.,
★ Wufeng Chicheng Biotech Co., Ltd.,
★ Xi'an Sonwu Biotech Co., Ltd.,
Market Segmentation:
By Product Type:
★ By Type: Polymer Grade, Pharma Grade, Technical Grade
By Applications:
★ By Application: Pharmaceutical, Adhesives, Plastics, Lubricants, Personal Care & Cosmetics, Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Azelaic Acid Market Competition Landscape by Players
Chapter 4: Assessment of Azelaic Acid Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Azelaic Acid sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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