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Glycolic Acid Market

ID: MRFR/CnM/2263-CR
256 Pages
Priya Nagrale
March 2023

Glycolic Acid Market Research Report Information By Purity (Glycolic Acid 99%, Glycolic Acid 70%, Glycolic Acid 30%, and Others), By Application (Personal Care & Cosmetics, Household, Textile, Food Processing, Pharmaceutical, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035.

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Glycolic Acid Market Summary

As per MRFR analysis, the Glycolic Acid Market Size was estimated at 649.2 USD Million in 2024. The Glycolic Acid industry is projected to grow from 702.43 in 2025 to 1544.82 by 2035, exhibiting a compound annual growth rate (CAGR) of 8.2 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Glycolic Acid Market is experiencing robust growth driven by evolving consumer preferences and technological advancements.

  • The North American region remains the largest market for glycolic acid, primarily due to its established cosmetics industry.
  • Asia-Pacific is identified as the fastest-growing region, reflecting a surge in demand for skincare products among consumers.
  • The cosmetics segment dominates the market, while the pharmaceuticals segment is witnessing rapid growth driven by innovative applications.
  • Key market drivers include the growing awareness of skin health and the rising popularity of chemical peels, which are shaping consumer choices.

Market Size & Forecast

2024 Market Size 649.2 (USD Million)
2035 Market Size 1544.82 (USD Million)
CAGR (2025 - 2035) 8.2%

Major Players

BASF SE (DE), The Dow Chemical Company (US), Eastman Chemical Company (US), Huntsman Corporation (US), Galderma S.A. (CH), Alpha Hydroxy Acids, Inc. (US), L'Oréal S.A. (FR), Mylan N.V. (US), Aceto Corporation (US)

Glycolic Acid Market Trends

The Glycolic Acid Market is currently experiencing a notable transformation, driven by increasing consumer awareness regarding skincare and the rising demand for effective anti-aging products. This organic compound, derived from sugarcane, is recognized for its exfoliating properties, which enhance skin texture and promote a youthful appearance. As consumers become more discerning about ingredient transparency and sustainability, manufacturers are adapting their formulations to meet these evolving preferences. The market appears to be shifting towards natural and organic sources, reflecting a broader trend in the beauty and personal care industry. Moreover, the Glycolic Acid Market is likely to benefit from advancements in technology and formulation techniques. Innovations in delivery systems and product formulations are enhancing the efficacy of glycolic acid in various applications, including cosmetics, dermatological treatments, and professional skincare. This evolution suggests a growing inclination towards multifunctional products that cater to diverse consumer needs. As the market continues to expand, it may also witness increased competition among key players, further driving innovation and product development. Overall, the Glycolic Acid Market seems poised for sustained growth, influenced by changing consumer preferences and ongoing advancements in formulation science.

Rising Demand for Natural Ingredients

There is a growing trend towards the use of natural and organic ingredients in skincare products. Consumers are increasingly seeking formulations that are free from synthetic additives, which has led to a surge in the popularity of glycolic acid derived from natural sources. This shift reflects a broader movement towards sustainability and health-conscious choices in the beauty industry.

Technological Advancements in Formulation

The Glycolic Acid Market is witnessing significant technological innovations that enhance product efficacy. New delivery systems and formulation techniques are being developed, allowing for better absorption and effectiveness of glycolic acid in various applications. This trend indicates a potential for more sophisticated products that cater to specific skin concerns.

Increased Focus on Anti-Aging Solutions

As the global population ages, there is a heightened focus on anti-aging solutions within the skincare sector. Glycolic acid, known for its exfoliating and rejuvenating properties, is becoming a preferred ingredient in anti-aging formulations. This trend suggests that consumers are actively seeking products that promote youthful skin, driving demand in the Glycolic Acid Market.

Glycolic Acid Market Drivers

Market Growth Projections

The Global Glycolic Acid Market Industry is poised for substantial growth, with projections indicating a market value of 0.63 USD Billion in 2024 and an anticipated increase to 3.11 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 15.64% from 2025 to 2035, reflecting the increasing adoption of glycolic acid in various sectors, including cosmetics, pharmaceuticals, and personal care. The market's expansion is likely to be driven by rising consumer awareness, technological advancements, and the growing demand for effective skincare solutions.

Rising Demand for Skincare Products

The Global Glycolic Acid Market Industry experiences a notable surge in demand for skincare products, driven by increasing consumer awareness regarding skin health and appearance. Glycolic acid, known for its exfoliating properties, is widely utilized in various formulations, including cleansers, serums, and peels. This trend is particularly pronounced among millennials and Gen Z consumers, who prioritize skincare routines. As of 2024, the market is valued at approximately 0.63 USD Billion, with projections indicating a growth trajectory that could reach 3.11 USD Billion by 2035. This growth reflects a compound annual growth rate (CAGR) of 15.64% from 2025 to 2035, underscoring the expanding role of glycolic acid in the beauty industry.

Emerging Markets and Consumer Trends

Emerging markets present a significant opportunity for the Global Glycolic Acid Market Industry, as rising disposable incomes and changing consumer preferences drive demand for skincare products. In regions such as Asia-Pacific and Latin America, consumers are increasingly investing in personal care and beauty products, including those containing glycolic acid. This trend is fueled by a growing middle class and heightened awareness of skincare benefits. As these markets continue to develop, the demand for glycolic acid is expected to rise, contributing to the overall market growth and diversification of product offerings.

Growing Interest in Anti-Aging Solutions

The Global Glycolic Acid Market Industry is significantly impacted by the growing interest in anti-aging solutions among consumers. Glycolic acid is recognized for its ability to reduce fine lines, wrinkles, and uneven skin tone, making it a sought-after ingredient in anti-aging products. With an aging global population, particularly in developed regions, the demand for effective anti-aging treatments continues to rise. This trend is expected to contribute to the market's expansion, as consumers increasingly seek products that deliver visible results. The emphasis on maintaining youthful skin is likely to drive innovation and investment in glycolic acid formulations.

Technological Advancements in Formulations

Technological advancements in the formulation of glycolic acid products significantly influence the Global Glycolic Acid Market Industry. Innovations in delivery systems and product stability enhance the efficacy and safety of glycolic acid in various applications. For instance, the development of encapsulation techniques allows for controlled release, minimizing irritation while maximizing benefits. Such advancements not only improve consumer satisfaction but also expand the potential applications of glycolic acid beyond traditional skincare, including hair care and body treatments. As the industry evolves, these technological improvements are likely to attract a broader consumer base, further propelling market growth.

Regulatory Support for Cosmetic Ingredients

Regulatory support for cosmetic ingredients, including glycolic acid, plays a crucial role in shaping the Global Glycolic Acid Market Industry. Governments and regulatory bodies are increasingly recognizing the safety and efficacy of glycolic acid, leading to favorable regulations that facilitate its use in cosmetic formulations. This support not only encourages manufacturers to innovate but also instills consumer confidence in the products they purchase. As regulations evolve to accommodate new scientific findings, the market is likely to benefit from increased acceptance and utilization of glycolic acid in a variety of applications, further driving growth.

Market Segment Insights

By Application: Cosmetics (Largest) vs. Pharmaceuticals (Fastest-Growing)

In the Glycolic Acid Market, the application segment is primarily dominated by cosmetics, which holds the largest share due to the increasing consumer demand for skincare products infused with glycolic acid. This acid is well-known for its benefits, including exfoliation and anti-aging properties, making it a sought-after ingredient in the cosmetics industry. In contrast, the pharmaceuticals sector is rapidly gaining ground, driven by the rising awareness of glycolic acid's therapeutic effects, such as its use in various dermatological treatments.

Cosmetics (Dominant) vs. Pharmaceuticals (Emerging)

The cosmetics application of glycolic acid is characterized by its widespread use in anti-aging creams, peels, and exfoliants, which cater to a diverse consumer base seeking effective skincare solutions. On the other hand, the pharmaceutical segment is emerging as a significant player, focusing on glycolic acid's role in treating skin conditions like acne and hyperpigmentation. The increasing investment in skincare and dermatological innovations is pushing this segment to the forefront, with pharmaceutical companies recognizing the potential of glycolic acid in developing advanced products that meet the growing consumer healthcare needs.

By End Use: Skincare Products (Largest) vs. Medical Treatments (Fastest-Growing)

In the Glycolic Acid Market, skincare products lead in market share due to their widespread use in various cosmetic formulations, particularly anti-aging and exfoliating products. This segment captures the attention of consumers seeking effective skin care solutions, driven by increasing awareness of skin health and the growing trend of self-care. Meanwhile, medical treatments are emerging as a significant segment, attributed to the rising demand for skin resurfacing procedures and dermatological applications.

Skincare Products (Dominant) vs. Medical Treatments (Emerging)

Skincare products represent a dominant force in the Glycolic Acid Market, leveraging the acid's ability to effectively exfoliate and rejuvenate skin. This segment benefits from significant consumer investment in beauty and personal care, with glycolic acid formulations widely available in creams, serums, and peels. In contrast, medical treatments are emerging rapidly as a key market player, fueled by advances in dermatological science and an increase in aesthetic procedures. As more professionals adopt glycolic acid in various treatments, this segment is gaining traction among consumers seeking clinical solutions for skin issues, thus driving robust growth.

By Formulation Type: Creams (Largest) vs. Gels (Fastest-Growing)

In the Glycolic Acid Market, various formulation types such as creams, gels, lotions, and peels illustrate diverse preferences among consumers. Creams continue to hold the largest market share, largely due to their versatile applications and effective results in skincare routines. On the other hand, gels are rapidly gaining traction, reflecting a shift towards lighter formulations that appeal to younger demographics seeking effective and easily absorbable treatments. The growth trends in the formulation segment highlight a significant inclination towards advanced gel-based products, which are recognized for their quick absorption and lightweight feel. Consumers are increasingly drawn to these products, driving manufacturers to innovate further in gel formulations. Additionally, the rising awareness of glycolic acid's benefits in skin health amplifies demand across various formulation types, evidencing a robust outlook for the market.

Creams (Dominant) vs. Peels (Emerging)

In the Glycolic Acid Market, creams are regarded as the dominant formulation type, offering a rich and hydrating experience that caters to a wide audience. They are favored for their effectiveness in improving skin texture and rejuvenation, making them a staple in many skincare routines. On the other hand, peels, though currently emerging, are gaining popularity due to their ability to offer intensive treatment with visible results in a shorter application time. Peels generally elicit a more significant transformation in skin appearance and are steadily being embraced by both consumers and professionals. As awareness of glycolic acid’s effectiveness increases, both creams and peels are expected to expand their consumer base significantly, although creams will likely continue to lead in overall preference.

By Concentration Level: High Concentration (Largest) vs. Medium Concentration (Fastest-Growing)

In the Glycolic Acid Market, the concentration level segment is primarily dominated by high concentration products, which attract significant consumer attention due to their efficacy in skincare solutions. These products, known for their potent formulations, make up a substantial share of the market, offering consumers effective results in addressing various skin concerns. Medium concentration glycolic acid products are gaining momentum, representing the fastest-growing segment as they appeal to a wider range of consumers looking for balanced efficacy without overwhelming their skin.

High Concentration (Dominant) vs. Medium Concentration (Emerging)

High concentration glycolic acid products hold a dominant position in the market, favored for their superior exfoliation ability and effectiveness in treating signs of aging, uneven skin tone, and acne. They cater primarily to professional usage in dermatology and aesthetic procedures, making them popular among consumers seeking potent skincare solutions. Meanwhile, medium concentration glycolic acid products are emerging as a popular choice for at-home use, striking a balance between efficacy and gentleness. They attract a growing base of consumers who may have sensitive skin, thus reflecting the evolving preferences toward more accessible and versatile skincare products.

Get more detailed insights about Glycolic Acid Market

Regional Insights

North America : Market Leader in Glycolic Acid

North America is poised to maintain its leadership in the Glycolic Acid market, holding a significant share of 325.0 million in 2024. The region's growth is driven by increasing demand in the cosmetics and personal care sectors, alongside stringent regulations promoting safe chemical usage. The rising awareness of skin health and anti-aging products further fuels market expansion, supported by innovative formulations and product launches. The United States stands as the largest market, with key players like BASF SE, The Dow Chemical Company, and L'Oréal S.A. leading the charge. The competitive landscape is characterized by continuous R&D investments and strategic partnerships aimed at enhancing product efficacy. The presence of established companies ensures a robust supply chain, catering to both domestic and international markets.

Europe : Emerging Market with Growth Potential

Europe's Glycolic Acid market is valued at 180.0 million, reflecting a growing trend towards natural and organic skincare products. The region benefits from increasing consumer awareness regarding skin health and the efficacy of glycolic acid in various applications. Regulatory frameworks, such as the EU Cosmetics Regulation, ensure product safety and efficacy, further driving market growth. The demand for innovative skincare solutions is expected to propel the market forward. Leading countries like Germany, France, and the UK are at the forefront of this growth, with a competitive landscape featuring major players such as Galderma S.A. and Mylan N.V. The presence of a well-established cosmetics industry, coupled with a focus on sustainability, positions Europe as a key player in the Glycolic Acid market. Companies are increasingly investing in sustainable practices to meet consumer expectations and regulatory requirements.

Asia-Pacific : Rapidly Growing Market Segment

The Asia-Pacific Glycolic Acid market, valued at 130.0 million, is experiencing rapid growth driven by rising disposable incomes and increasing demand for skincare products. The region's expanding middle class is becoming more aware of skincare benefits, leading to higher consumption of glycolic acid in cosmetics and personal care items. Regulatory support for cosmetic safety is also a significant factor in market expansion, encouraging innovation and product development. Countries like China, Japan, and India are leading the charge, with a competitive landscape featuring both local and international players. Companies such as Eastman Chemical Company and Huntsman Corporation are actively participating in this growth, focusing on product differentiation and strategic marketing. The increasing trend towards e-commerce is also enhancing market accessibility, further driving sales in the region.

Middle East and Africa : Niche Market with Growth Opportunities

The Middle East and Africa Glycolic Acid market, valued at 14.2 million, is still in its nascent stages but shows promising growth potential. The increasing awareness of skincare and beauty products among consumers is driving demand for glycolic acid, particularly in the cosmetics sector. Regulatory bodies are beginning to establish guidelines that promote safe usage, which is expected to catalyze market growth in the coming years. Countries like South Africa and the UAE are emerging as key players in this market, with a growing number of local and international brands entering the scene. The competitive landscape is characterized by a mix of established companies and new entrants, all vying for market share. As consumer preferences shift towards high-quality skincare products, the region presents significant opportunities for growth and investment.

Key Players and Competitive Insights

The Glycolic Acid Market is characterized by a dynamic competitive landscape, driven by increasing demand for skincare products and the growing awareness of the benefits of glycolic acid in cosmetic formulations. Key players such as BASF SE (DE), The Dow Chemical Company (US), and Galderma S.A. (CH) are strategically positioned to leverage innovation and expand their market presence. BASF SE (DE) focuses on enhancing its product portfolio through research and development, while The Dow Chemical Company (US) emphasizes partnerships to optimize its supply chain. Galderma S.A. (CH) is actively pursuing digital transformation initiatives to improve customer engagement and streamline operations. Collectively, these strategies contribute to a competitive environment that is increasingly focused on innovation and customer-centric solutions.

In terms of business tactics, companies are localizing manufacturing to reduce lead times and enhance responsiveness to market demands. Supply chain optimization remains a critical focus, particularly in light of fluctuating raw material costs. The market structure appears moderately fragmented, with several players vying for market share. However, the influence of major companies is significant, as they set trends and establish benchmarks for quality and innovation.

In November 2025, BASF SE (DE) announced the launch of a new line of glycolic acid-based products aimed at the premium skincare segment. This strategic move is likely to enhance its competitive edge by catering to the growing consumer preference for high-quality, effective skincare solutions. The introduction of these products may also reinforce BASF's commitment to sustainability, as they are formulated with eco-friendly ingredients, aligning with current consumer trends.

In October 2025, Galderma S.A. (CH) expanded its distribution network in Asia by partnering with local skincare brands. This initiative is significant as it allows Galderma to tap into emerging markets where demand for glycolic acid is on the rise. By collaborating with established local players, Galderma can leverage their market knowledge and distribution capabilities, thereby enhancing its market penetration and brand visibility.

In September 2025, The Dow Chemical Company (US) entered into a strategic alliance with a leading e-commerce platform to enhance its digital presence. This partnership is indicative of the growing trend towards digitalization in the Glycolic Acid Market. By improving its online sales channels, The Dow aims to reach a broader customer base and respond more effectively to changing consumer behaviors.

As of December 2025, the competitive trends in the Glycolic Acid Market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies. Strategic alliances are playing a pivotal role in shaping the landscape, enabling companies to enhance their capabilities and market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. Companies that can effectively navigate these trends will be better positioned to capture market share and meet the evolving needs of consumers.

Key Companies in the Glycolic Acid Market market include

Industry Developments

In June 2023, The Chemours Company, a global chemicals company known for its performance materials expertise, titanium technologies and thermal & specialized solutions was able to sell off its glycolic acid business. PureTech Scientific Inc. will buy the business on cash consideration basis at $137m. With this acquisition, PureTech Scientific aims at being one of the world’s major producers of ultra-high purity alpha hydroxy acids which are organic and supply specialty chemicals as well as life science sectors.

Closing terms and conditions, which include regulatory approvals will be met hence it is projected that by the end of Q3 2023 the transaction will have taken place. In July 2022, Kinship released its latest product, a 10% glycolic acid serum that works overnight for smooth skin, illuminating the personal care segment. Pacira agreed to acquire Flexicon in October 2021 and will add its approved OA knee pain treatment to Pacira’s portfolio. By using a poly lactic-co-glycolic acid matrix together with triamcinolone acetonide, the therapy employs microsphere technology.

A government subsidy worth US$10.12M was received by METabolic EXplorer (METEX) from France in February 2021 to support investment into an industrial plant to produce glycolic acid in France. This would be the world’s first industrial plant to produce bio-based glycolic acid, which is estimated to use fermentation technology.

Future Outlook

Glycolic Acid Market Future Outlook

The Glycolic Acid Market is projected to grow at an 8.2% CAGR from 2024 to 2035, driven by increasing demand in cosmetics, pharmaceuticals, and agriculture.

New opportunities lie in:

  • Expansion into emerging markets with tailored formulations
  • Development of eco-friendly glycolic acid production methods
  • Strategic partnerships with skincare brands for exclusive product lines

By 2035, the Glycolic Acid Market is expected to achieve robust growth and diversification.

Market Segmentation

Glycolic Acid Market End Use Outlook

  • Skincare Products
  • Hair Care Products
  • Medical Treatments
  • Food Preservation

Glycolic Acid Market Application Outlook

  • Cosmetics
  • Pharmaceuticals
  • Food & Beverages
  • Textiles

Glycolic Acid Market Formulation Type Outlook

  • Creams
  • Gels
  • Lotions
  • Peels

Glycolic Acid Market Concentration Level Outlook

  • Low Concentration
  • Medium Concentration
  • High Concentration

Report Scope

MARKET SIZE 2024649.2(USD Million)
MARKET SIZE 2025702.43(USD Million)
MARKET SIZE 20351544.82(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)8.2% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledBASF SE (DE), The Dow Chemical Company (US), Eastman Chemical Company (US), Huntsman Corporation (US), Galderma S.A. (CH), Alpha Hydroxy Acids, Inc. (US), L'Oréal S.A. (FR), Mylan N.V. (US), Aceto Corporation (US)
Segments CoveredApplication, End Use, Formulation Type, Concentration Level
Key Market OpportunitiesGrowing demand for natural skincare products enhances opportunities in the Glycolic Acid Market.
Key Market DynamicsRising consumer demand for skincare products drives innovation and competition in the glycolic acid market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Market Highlights

Author
Priya Nagrale
Senior Research Analyst

With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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FAQs

How much is the Glycolic Acid market?

The Glycolic Acid market size was valued at USD 0.58 Billion in 2022

What is the growth rate of the Glycolic Acid market?

The market is projected to grow at a CAGR of 8.2% during the forecast period, 2025-2035

Which region held the largest market share in the Glycolic Acid market?

Asia Pacific had the largest share of the Glycolic Acid market

Who are the key players in the Glycolic Acid market?

The key players in the market are China Petrochemical Corporation (Sinopec Corp) (China), The Chemours (U.S.), CABB Group (Germany), Saanvi Corp (India), Water Chemical Co. Ltd. (China), Shandong Xinhua Pharmaceutical Co.Ltd (China), Mehul Dye Chem industries (India), Avid Organics (India), Zhonglan Industry Co. Ltd. (China) & others

Which Purity led the Glycolic Acid market?

The 99% categories dominated the market in 2023

Which Appllication led the Glycolic Acid market?

Personal care & cosmetics had the largest share in the market for Glycolic Acid

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