Azelaic acid is an important organic compound that can be produced both naturally and synthetically. It is commonly used in various skin care products such as creams, gels and lotions to treat acne, rosacea and hyperpigmentation. Due to its remarkable ability to interact with bacterial and fungal elements on the skin surface, azelaic acid effectively reduces inflammation and occurrence of acne lesions. Additionally, regular application of azelaic acid helps restore the natural balance of skin and improves its texture. The rising consumer awareness about the benefits of azelaic acid in various cosmetic products is a major factor driving the growth of the global azelaic acid market.
The Global Azelaic Acid Market Size is estimated to be valued at US$ 340.78 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends spurring the growth of the azelaic acid market is the increasing demand for natural and organic skin care products. The rising consumer preference for products containing plant-based and herbal ingredients is encouraging personal care brands to introduce skin care ranges with azelaic acid derived from natural sources such as wheat, rye and barley grains. These natural azelaic acid products are gaining widespread popularity among health-conscious consumers due to their purity and minimal side effects. The growing demand for natural personal care offerings represents a major opportunity for azelaic acid producers to tap into this high growth segment of the skin care industry.
Segment Analysis
The global azelaic acid market is dominated by the personal care and cosmetics segment. The segment holds more than half of the total market share owing to high demand for skin lightening and anti-ageing products. Azelaic acid is highly effective in reducing hyperpigmentation caused by acne, melasma and other skin conditions. It is a commonly prescribed drug for mild to moderate acne vulgaris.
Key Takeaways
The global azelaic acid market is expected to witness high growth over the forecast period of 2024 to 2031. The global azelaic acid market is estimated to be valued at US$ 340.78 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2031.
Regional analysis shows that Asia Pacific region dominates the global market and is expected to grow at the highest CAGR during the forecast period. Key factors driving the growth include rising disposable incomes, expanding middle class and growing preference for skin lightening and anti-ageing products among consumers in countries such as China, India and South Korea.
Key players operating in the azelaic acid market are Kamstrup, Danfoss, Qundis, Itron, Zenner, Engelman, Ista, Landis+Gyr, Diehl, Sontex, Brunata, Apator, Techem, Techno-Trade, GWF MessSysteme, Weihai Ploumeter, Axioma Metering, Zhifang Huaxu, Sensus Metering Systems, Emerson.
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Industrial Grade Azelaic Acid Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the industrial grade azelaic acid market include Emery Oleochemicals, Matrica SpA, BASF, Croda Sipo, Ninghai Zhonglong, Jiangsu Senxuan, Nantong Hengxing Electronic Materials, Shandong Clearwill, and Hubei Tuochu.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Industrial Grade Azelaic Acid Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/industrial-grade-azelaic-acid-market/download-sampleMarket DynamicsAzelaic acid's therapeutic properties on the skin will be a significant propellant to this industrial-grade chemical's growth.
High disposable income, changing lifestyles, and increased spending on cosmetics will create opportunities for this market's growth in the personal care sector.
The demand for this carboxylic acid in the polymer market will continue growing as it is organic and environmentally friendly.
Further, this report also highlights the regional and country-level market analysis.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the industrial grade azelaic acid market include Emery Oleochemicals, Matrica SpA, BASF, Croda Sipo, Ninghai Zhonglong, Jiangsu Senxuan, Nantong Hengxing Electronic Materials, Shandong Clearwill, and Hubei Tuochu.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Industrial Grade Azelaic Acid Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/industrial-grade-azelaic-acid-market/download-sampleMarket DynamicsAzelaic acid's therapeutic properties on the skin will be a significant propellant to this industrial-grade chemical's growth.
High disposable income, changing lifestyles, and increased spending on cosmetics will create opportunities for this market's growth in the personal care sector.
The demand for this carboxylic acid in the polymer market will continue growing as it is organic and environmentally friendly.
The multiple barriers to this market's growth are fluctuating raw materials prices and the side effects of the acid on the skin due to continued use.
