Glycolic Acid Beauty Products Market Size, Share & Trends Analysis Report By Product (Skincare, Haircare), By Distribution Channel (Hypermarkets & Supermarkets, Online), By Region, And Segment Forecasts, 2024 - 2030

Glycolic Acid Beauty Products Market Size, Share & Trends Analysis Report By Product (Skincare, Haircare), By Distribution Channel (Hypermarkets & Supermarkets, Online), By Region, And Segment Forecasts, 2024 - 2030

Glycolic Acid Beauty Products Market Growth & Trends

The global glycolic acid beauty products market size is expected to reach USD 502.9 million by 2030, and growing at a CAGR of 11.9% during the forecast period, according to a new report by Grand View Research, Inc. The glycolic acid beauty product market is significantly propelled by a growing consumer awareness regarding the benefits of chemical exfoliants for skin health and rejuvenation. Glycolic acid, as an alpha-hydroxy acid (AHA), is popular for its ability to effectively remove dead skin cells, revealing brighter, smoother, and more youthful-looking skin. This property resonates with a wide demographic, particularly among those seeking anti-aging solutions, as it helps reduce the appearance of fine lines and wrinkles, and improves skin texture and tone. Moreover, the rise in demand for products that cater to specific skin concerns, such as acne, hyperpigmentation, and uneven skin texture, further fortifies the market for glycolic acid-based beauty products.

Another factor fueling the market's expansion is the increasing trend of personalized skincare regimens. Consumers are becoming more discerning about the products they use, preferring those that are tailored to their individual skin types and conditions. Glycolic acid products, available in various concentrations and formulations, can be customized to meet these individual needs, making them a versatile addition to personalized skincare routines. In addition, the endorsement of glycolic acid by dermatologists and beauty experts has bolstered consumer confidence in its efficacy and safety, thus driving the market growth.

Furthermore, the proliferation of e-commerce platforms and the digitalization of the beauty industry have made glycolic acid products more accessible to a global customer base. Online shopping has not only increased market reach but has also facilitated the spread of consumer reviews and expert recommendations, which significantly influence purchasing decisions. Brands are leveraging social media and digital marketing to educate consumers about the benefits of glycolic acid, which in turn drives demand. The market dynamics are also shaped by ongoing research and development in the cosmetics industry, leading to innovative glycolic acid formulations that promise enhanced results with minimal side effects, thereby attracting a broader consumer base.

Glycolic Acid Beauty Products Market Report Highlights

• Regular glycolic acid skincare beauty products possess a share of 77.9% in 2023, owing to rising consumer demand for anti-aging solutions and the enhanced efficacy of glycolic acid in promoting skin cell turnover and improving skin texture
• Glycolic acid beauty haircare products are expected to witness a CAGR of 12.0% during 2024 to 2030. This can be attributed to glycolic acid’s dual benefits of exfoliating dead skin cells for a healthier scalp and enhancing hair manageability and shine, coupled with rising consumer awareness of the importance of scalp care in overall hair health
• The distribution of glycolic acid beauty products through hypermarkets & supermarkets possesses a share of 26.33%, owing to their extensive product ranges, competitive pricing, and the ability for customers to physically test products before purchase, enhancing trust and satisfaction
• The distribution of glycolic acid beauty products through online channel anticipated to witness a CAGR of 14.2%, due to increased consumer preference for online shopping, which offers convenience, a wide range of products, and often better deals than offline stores
• North America held a market share of 33.9% in 2023. Growing consumer preference for natural and organic beauty products, coupled with the rising demand for effective anti-aging and skin rejuvenation treatments, significantly propels the glycolic acid beauty products market in North America
• Asia-Pacific is expected to grow at a CAGR of 13.0% during 2024 to 2030. The growing popularity of K-beauty and J-beauty trends, which emphasize the use of active ingredients such as glycolic acid for skin rejuvenation, is significantly boosting the glycolic acid beauty products market in the Asia Pacific region

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