APAC, led by India and China mandelic acid market size, is projected to witness significant growth; major hold in global cosmetic industry share i.e. over 32% in 2015 accompanied by large population size are potential reasons to foster regional industry growth. Increase in per capita disposable income coupled with cosmetic industry growth is likely to favor product demand.
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North America mandelic acid market demand is likely to observe notable growth owing to increase in trend for anti-aging cream accompanied by EPA approval to use it as an ingredient in drugs and creams. Increase in pharmaceutical spending and preference for nutraceutical products should favor Europe mandelic acid market share. Germany medical drugs expenditure is noted to be highest in region. As per industry estimates the country had pharmaceutical turnover of over USD 49 billion in 2014.
Innovative strategies to produce bio catalytic flavor is likely to take advantage of the vast progress currently being made in the developing fields of functional genomics, proteomics, protein and metabolic engineering.
Mandelic acid market price trend will play a critical role in penetration, especially in the cosmetic ingredient space. Global synthetic biology market size was estimated at over USD 1 billion in 2010 as per industry estimates, and forecast to surpass USD 10.6 billion by 2016.
Synthetic biology production or naturally sourced molecules for personal care products and cosmetics are launching into the market. Squalene, an emollient, has traditionally been sourced from the deep sea shark liver, in recent times plant-based alternatives have been explored and commercialized to some extent. Global squalene market size was over 2.5 kilo tons in 2014 and is likely to gain above 9% CAGR up to 2022.
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At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the mandelic acid market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
In 2011, Amyris invested in a synthetic biology-produced squalane to the Japanese market, promoted as Neossance Squalane. Amyris uses Brazilian sugarcane as feedstock and transformed yeasts to derive the hydrocarbon farnesene, which can be resulted as squalane.
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Mandelic acid market share is fairly fragmented in nature with presence of numerous industry participants and local manufacturers. Japan is among the major country producing this ingredient. Industry players include BASF, Changzhou Qidi Chemical Co., Ltd., Sinoway Industrial Co., Ltd., Shanghai Worldyang Chemical Co., Lim, Shanghai Ruizheng Chemical Technology, and Shaanxi Yuantai Biological Technology.
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