Mandelic Acid Market Comprehensive Analysis & Growth Outlook to 2032

Key Market Highlights

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.

• Market Size in 2024: USD 284.13 Million
• Projected Market Size by 2032: USD 979.38 Million
• CAGR (2025–2032): 14.74%
• Fastest-Growing Market: North America
• By Type: The DL type segment is anticipated to lead the market by holding 37.38% of market share throughout the forecast period.
• By Application: The the pharmaceuticals segment is expected to grab 26.32% market share to maintain dominance over the forecast period.
• By Region: North America is projected to hold 30.22% market share during the forecast period.
• Active Players: BASF SE, Evonik Industries AG, Merck KGaA, Alfa Aesar, and Croda International Plc. and Other Active Players.

Mandelic Acid Market is hence defined as the global market containing organizations that engage in the manufacture, distribution and use of mandelic acid otherwise known as organic acid of natural origin., so, Mandelic acid is extracted from almonds and used in cosmetic, pharmaceutical and chemical sectors because it has properties like; exfoliation, antimicrobial activity and skin regeneration. They are widely used for manufacturing cosmetic products like skin care and toners, creams for treatment of acne and also for skin lightening besides being used in formulation of different categories of drugs for different diseases. Mandelic acid has a growing market because of the expanding beauty and personal care products market along with the development of new ways to use it as a pharmaceutical.

Mandelic Acid Market Trend Analysis:

Shift Toward Natural and Organic Skincare Products

• Many of the key trends evident in the Mandelic Acid Market are related to the consumer’s preference of natural and organic skin care products. There is an uproar concerning issues to do with the side effects of synthetic chemicals, people are therefore opting for natural alternatives like mandelic acid. This trend is especially apparent in the two categories of anti-ageing and acne, where the gentle skin shedding that mandelic acid offers a much preferable option than other severe chemical peels. Also, given that the topic of sustainability and the origin of the ingredients is becoming more important to consumers, mandelic acid derived from almonds is also a hit among representatives of the clean beauty industry. This trend towards the use of natural skincare remedies is further supported by growing consumer preference for multi-functional cosmetic products, for instance anti-inflammatory, antimicrobial and skin renewal properties which are provided by mandelic acid.

Expanding Pharmaceutical Applications for Skin Diseases

• Another main opportunity observed in the Mandelic Acid Market can be seen in the rising applications of Mandelic Acid especially in the pharmaceutical sectors particularly for skincare issues. Apart from cosmetic beauty benefits, mandelic acid has the potential which is specifically called in skin diseases inclusive of acne, eczema as well as psoriasis. Due to its very gentle exfoliant properties, it removes the outer layer of the skin, deceased skin cells and skin debris, and has anti-inflammatory properties, so salicylic acid may be incorporated into the base of prescription and OTC topical medications. Moreover, new research on group of mandelic acid particularly regarding side effect has been carried out due to its potential for treating fungal diseases while its antibacterial effect in bacterial diseases has assisted in development of topical antibiotics and antifungal preparations. In the light of more pharmaceuticals beginning to consider the possibility of structure-based drug design of mandelic acid as the active major ingredient in the treatment solutions of skin related issues, there will substantially be a demand of the substance in medical products.

Mandelic Acid Market Segment Analysis:

The Mandelic Acid Market is Segmented on the basis of Type, Application, and Region

By Type, DL type segment is expected to dominate the market during the forecast period

• The DL-type mandelic acid segment has further been subsegmented based on its applications to cosmetic and pharmaceutical products, and this segment is forecasted to have the lion’s share in the market during the forecast period. It is however difficult to/source pure D-mandelic acid; thus, the racemic compound known as DL-mandelilic acid is more reachable and its utilization is also more thorough for most manufacturers of skincare products. When used in the synthesis of chemical peels as well as the formulation of products used to treat acne, glycolic acid is particularly advantageously due to its action on the skin and its weak irritation capacity compared to other strong acids. DL-mandelic acid in the manufacture of a pharmaceutical composition for the synthesis of different compounds such as antibiotics, antifungals and other therapeutic substances. The high versatility of DL-mandelic acid in different industries as well as the cost-optimization and ready availability make DL-mandelic acid the largest segment in the overall mandelic acid market.

By Application, the pharmaceuticals segment is expected to hold the largest share

• The Pharmaceuticals segment is likely to dominate the mandelic acid market because of fundamental uses of the substance in healthcare products. Thus, mandelic acid can be used as antimicrobial, antifungal, and anti – inflammatory for companies with special focus on pharmaceuticals which are involved in skin treatments. due to acne and other skin problems including skin infections, mandelic acid is being used in prescription as well as over the counter cosmetic products. The segment’s growth is also driven by the ever-growing research regarding the efficacy of mandelic acid in treatment of different skin diseases as well as its perspective as the potential drug component for diseases not only of a skin-related nature. With the ever-growing need for more effective skin treatments, the prospective pharma use of mandelic acid is set to soar further ahead and maintain the segment’s market leadership.

Mandelic Acid Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• The study found that North America will be the largest consumer of mandelic acid during the forecast period due to the increased use of skincare products and the robust development of the pharmaceutical sector. The USA and Canada hold a dominant position not only in the skincare and dermatological markets but also a number of brands that already use mandelic acid in their products. Further, the presence of most of the global leading drug manufacturers and the continuous research carried out with a focus of dermatology treatments are also factors that have tendencies to push the market forward. High standards of consumer expectations of North America`s regarding the quality and efficiency of skincare products, and the appealing trends towards natural and organic cosmetics also add up to the supremacy of mandelic acid. Additionally, the development of new and improved skin disease treatments means that the region is a suitable market for the development of mandelic acid in its pharmaceutical applications.

• The mandelic acid also has a large market demand in the Europe market as the focus is made on skincare and organic and natural personal care products. However, the US and Canada have an early start in the use of mandelic acid-based products, and solid research capabilities in the region. Since acne treatment, pigmentation, and skin aging are becoming popular concerns among North American consumers, mandelic acid’s application in the cosmetic and pharmaceutical industries will remain on a steady rise, thus preserving the leading position of North American players in global mandelic acid market.

Active Key Players in the Mandelic Acid Market:

• Alfa Aesar (United States)

• Archer Daniels Midland Company (United States)
• BASF SE (Germany)
• Croda International Plc (United Kingdom)
• Evonik Industries AG (Germany)
• Guangdong Neostar Technology Co., Ltd. (China)
• Hangzhou Dayangchem Co., Ltd. (China)
• Jingjing New Material Co., Ltd. (China)
• Lanxess AG (Germany)
• Merck KGaA (Germany)
• Nanjing Chemical Reagent Co., Ltd. (China)
• Penta Manufacturing Company (United States)
• Shanghai Sails Chemicals Co., Ltd. (China)
• Sigma-Aldrich (United States)
• The Good Scents Company (United States)
• Other Active Players