Global Dihydroxyacetone (CAS 96-26-4) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Dihydroxyacetone (CAS 96-26-4) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Dihydroxyacetone (DHA) is an organic compound with the molecular formula C3H6O3. It is a polyhydroxy ketose and the simplest ketose. The appearance is white powdery crystals. It is easily soluble in organic solvents such as water, ethanol, ether and acetone. The melting point is 75-80°C. Water solubility>250g/L (20℃). It has a sweet cooling taste and a characteristic odor.

Dihydroxyacetone (DHA) is a ketotriose consisting of acetone bearing hydroxy substituents at positions 1 and 3. The simplest member of the class of ketoses and the parent of the class of glycerones. It has a role as a metabolite, an antifungal agent, a human metabolite, a Saccharomyces cerevisiae metabolite, an Escherichia coli metabolite and a mouse metabolite.

Market Overview:

The latest research study on the global Dihydroxyacetone (CAS 96-26-4) market finds that the global Dihydroxyacetone (CAS 96-26-4) market reached a value of USD 199.46 million in 2022. It’s expected that the market will achieve USD 236.76 million by 2028, exhibiting a CAGR of 2.9% during the forecast period.

The COVID-19 outbreak has brought many effects, such as cancellation of flights; travel bans and quarantine; restaurant closures; restrictions on all outdoor activities. Due to blockades in many countries or regions around the world, the outbreak of the COVID-19 pandemic has disrupted the supply chain. In addition, due to the uncertainty of the global economy and capital markets, the spread of COVID-19 has led to a decline in the demand for chemical intermediates. Therefore, affected by the epidemic, many manufacturers of dihydroxyacetone in the cosmetics, chemical, medical and other application industries have had significant changes in their demand for dihydroxyacetone.

Some upstream manufacturers were forced to suspend production and work, and the supply of raw materials was insufficient. The downstream market was affected by the market downturn in the terminal industry, and market demand has declined. Due to COVID-19, workers cannot work normally, the transportation of raw materials and products is restricted, and the volume of trade has declined. Many manufacturers have been forced to close some factories and reduce production capacity. Therefore, the outbreak of COVID-19 has adversely affected the Dihydroxyacetone industry.

Changes in lifestyle and consumption consciousness.

The sedentary lifestyle and the popularity and growing awareness of high-end beauty products are driving the development of the dihydroxyacetone market. With the continuous development of the global economy and society, consumers' consumption level and consumption ability have gradually improved, and their consumption consciousness has gradually changed. People's requirements for the quality of life are getting higher and higher, and the pursuit of high-end beauty products is increasing. There is a large population of professional women in the world, especially in Europe, which has led to increased spending on beauty and personal care products (including tanning products). In addition, consumers are increasingly taking preventive and protective measures to avoid chronic skin problems. This has promoted the development of the cosmetics industry and led to the development of the dihydroxyacetone industry.

Regulations or policies are becoming more stringent.

With the continuous development of the Dihydroxyacetone industry, market applications continue to grow. Some related industry policies or legal regulations have been promulgated, and the supervision of the Dihydroxyacetone industry has become increasingly strict. For example, the European Commission revised the EU cosmetics regulations in October 2020, stipulating that the maximum concentration of dihydroxyacetone (DHA) as a non-oxidizing hair coloring substance in hair coloring products is 6.25%, and the maximum concentration in self-tanning products is 10%. This will limit the development speed of the Dihydroxyacetone industry.

Region Overview:

In 2021, the share of the Dihydroxyacetone (CAS 96-26-4) market in North America stood at 38.01%.

Company Overview:

Givaudan is one of the major players operating in the Dihydroxyacetone (CAS 96-26-4) market, holding a share of 12.38% in 2021.

Givaudan

Givaudan is a Swiss multinational manufacturer of flavors, fragrances and active cosmetic ingredients. The company's scents and flavors are developed for food and beverage makers, and also used in household goods, as well as grooming and personal care products and perfumes. Givaudan's flavors and fragrances are usually custom-made and sold under confidentiality agreements.

Merck KGaA

Merck Group is a German multinational technology company. Merck Group is the world's oldest chemical and pharmaceutical company and one of the largest pharmaceutical companies in the world. The company is divided into three business lines: Healthcare, Life Sciences and Electronics.

Segmentation Overview:

By type, Microbial Fermentation segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Cosmetic Industry segment occupied the biggest share from 2017 to 2022.

Cosmetic Industry

Dihydroxyacetone is an important use as a raw material for cosmetic formulations. Especially as a sunscreen, it has a special effect, can prevent excessive evaporation of skin moisture, play a role in moisturizing, sunscreen and UV radiation protection. In addition, the ketone functional group in DHA can react with the amino acid and amino groups of skin keratin to form a brown polymer, which makes people's skin produce an artificial brown. Therefore, DHA can also be used as a simulant for sun-tanned skin tone, resulting in brown or tan skin that looks the same as the result of long-term exposure to the sun, making it look beautiful.

Chemical Industry

Dihydroxyacetone is an important chemical raw material. Dihydroxyacetone is chemically active and can participate in reactions such as polymerization and condensation. Dihydroxyacetone reacts with amidines, imino ethers and other substances to produce imidazoles, furans and other heterocyclic compounds. Various triglycerides can be prepared through the esterification reaction. It is also possible to synthesize ketone-substituted compounds.

Medical Industry

Dihydroxyacetone is an important pharmaceutical synthesis intermediate. As a pharmaceutical intermediate, dihydroxyacetone can synthesize some drugs for the treatment of cardiovascular diseases. Dihydroxyacetone can also be used directly as an antiviral agent.

Food Industry

Dihydroxyacetone can be used in functional foods. Supplementing dihydroxyacetone (especially in combination with pyruvate) can increase the body's metabolic rate and fatty acid oxidation. It can potentially burn fat effectively to reduce body fat and delay weight gain (weight loss effect), and reduce the incidence of related diseases. It can also improve insulin sensitivity and reduce plasma cholesterol levels caused by high-cholesterol diets. Long-term supplementation can increase the utilization rate of blood sugar and save muscle glycogen. For athletes, it can improve aerobic endurance. The preservative with DHA as the main ingredient can be used for the preservation of fruits and vegetables, aquatic products, and meat products. Dihydroxyacetone can also be used in winemaking.

Key Companies in the global Dihydroxyacetone (CAS 96-26-4) market covered in Chapter 3:

Huateng Pharma
Inoue Perfumery
Spec-Chem Industry
Changxing Pharmaceutical
BOC Sciences
Hubei Marvel-Bio Medicine
Merck KGaA
Givaudan
Hungsun Chemical
Huaji Biotechnology
Biosynth-Carbosynth

In Chapter 4 and Chapter 14.2, on the basis of types, the Dihydroxyacetone (CAS 96-26-4) market from 2018 to 2029 is primarily split into:

Chemical Synthesis
Microbial Fermentation

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dihydroxyacetone (CAS 96-26-4) market from 2018 to 2029 covers:

Cosmetic Industry
Chemical Industry
Medical Industry
Food Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)