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The alpha hydroxy acid industry is catalyzed by a strong emphasis on sustainability and the demand for personalized skincare solutions. Consumers increasingly seek eco-friendly AHA products that align with their values, driving manufacturers to adopt sustainable practices. Additionally, the desire for tailored skincare regimens prompts the development of customized AHA formulations, catering to individual skin concerns and preferences. These trends fuel the expansion of the market, offering consumers more choices and eco-conscious options.
For instance, in September 2023, Hy, formerly Korea Yakult, diversified into cosmetics, unveiling the Leti 7714 Triple Lift-up Anti-Aging Cream. Infused with lactic acid and a potent anti-aging blend, this cream incorporates fermented, cultured lactic acid bacteria.
The cosmetic application segment in the alpha hydroxy acid industry recorded USD 1.01 billion in revenue in 2023 and is estimated to depict 8% CAGR between 2024 and 2032, due to the widespread incorporation in skincare products, ranging from moisturizers to serums and exfoliants.
The lactic acid application segment in the alpha hydroxy acid industry accounted for USD 618.9 million in 2023 and is projected to depict significant growth between 2024 and 2032, owing to its versatility and efficacy in skincare formulations.
Industry size for alpha hydroxy acid was worth USD 1.46 billion in 2023 and is projected to expand at 7.9% CAGR from 2024 to 2032, due to the rising demand for effective yet gentle skincare products.
North America industry size recorded USD 426.63 million in 2023 and is estimated to grow at 7.6% CAGR between 2024 and 2032, attributed to the robust consumer demand, advancements in skincare technology, and well-established cosmetics infrastructure.