The global glycolic acid market is expected to grow at a CAGR of 11.50% between 2017-2021, according to new market research. That’s due both to the native qualities of glycolic acid, and to the quality of products we and other companies are able to work with.
Glycolic acid is an Alpha Hydroxy Acid (AHA) that’s naturally derived from fruit sugars like sugar cane, but can also be manmade. Glycolic acid is the smallest of all the AHAs (other AHAs include lactic and citric acids), so it’s molecules are most able to effectively and efficiently penetrate the top layer of skin out of all the AHAs.
Glycolic acid’s unique molecular delivery system has led to its moniker as a “miracle” product, according to consumers and dermatologists alike. Glycolic acid is used not only for combating fine lines, wrinkles, and dullness, but also for treating acne, oiliness, and blackheads, and as an exfoliant for both the face and body.
Glycolic acid’s continued omnipresence in both skincare and personal care products will largely contribute to this sustained glycolic acid market growth in the next 5-7 years.
Increasing consumer demand for glycolic acid products
In addition to glycolic acid’s time-honored place in traditional skincare products like facial wash, lotions, and creams, there’s now also an increased consumer interest and demand for glycolic acid facial peels. Glycolic acid facial peels, traditionally performed in a doctor’s office, are now increasingly being sold as at-home treatments in the form of gels, mousses, and other spreadable masks and serums.
At-home glycolic acid facial peels not only slough off consumer’s dead skin cells, but also help reveal more vibrant skin, with the appearance of acne and fine lines reduced. The affordability, ease of application, and quick, visible results of glycolic acid peels are all factors contributing to these at-home peel products surging popularity.
Consumer interest in these peels is expected to continue to increase over the next 5-7 years, and it’ll be another contributing factor to the global glycolic acid market growth.
By 2024, the global glycolic acid market is expected to reach $415 million, according to Grand View Research, Inc. As savvy consumers continue to seek out better and more exciting skin care products, glycolic acid’s long-established role as a fast-acting, effective agent for treating acne, slowing the signs of anti-aging, and revealing bright, fresh skin will continue to make it a popular addition to beauty and personal care items of all kinds.
