Latin America Glycolic Acid Market Size, Share, Growth, Report 2023-2028

Latin America Glycolic Acid Market Size, Share, Growth, Report 2023-2028

  • Posted: Aug 21, 2023
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El mercado latinoamericano de ácido glicólico ha surgido como un jugador importante, alcanzando una valoración de 46 millones de dólares estadounidenses en 2021. El mercado está en una trayectoria de crecimiento sólido, con una tasa de crecimiento anual compuesta (CAGR) anticipada del 5,10% durante el período de pronóstico de 2023 a 2028.


The Latin American glycolic acid market has emerged as a significant player, attaining a valuation of USD 46 million in 2021. The market is on a trajectory of robust growth, with an anticipated Compound Annual Growth Rate (CAGR) of 5.10% during the forecast period of 2023-2028. This expansion is driven by the escalating demand for anti-aging products, personal care items, and the increasing industrial applications of glycolic acid.


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Market Drivers:


Rising Demand for Anti-Aging Products: The quest for youthful and radiant skin has led to a surge in the demand for glycolic acid, known for its exfoliating properties that aid in reducing the appearance of fine lines, wrinkles, and hyperpigmentation.


Personal Care Boom: The Latin American personal care industry’s growth, coupled with the trend of skincare-conscious consumers, is contributing to the heightened demand for glycolic acid-infused products.


Industrial Applications: Glycolic acid is finding applications in various industries such as textiles, leather, and oil extraction, contributing to the market’s expansion.


Market Opportunities:


Beauty and Cosmetics Industry: Manufacturers can capitalize on the growing demand for skincare and cosmetic products by incorporating glycolic acid into formulations that cater to the diverse needs of consumers.


Industrial Applications: Expanding industrial sectors present opportunities for glycolic acid’s application in processes like dyeing and leather tanning.


Research and Innovation: Continuous research into new applications of glycolic acid and its derivatives can unlock innovative uses and expand the market’s scope.


Market Segments:


Skincare and Cosmetics: Glycolic acid’s exfoliating properties make it a sought-after ingredient in cleansers, serums, and peels, driving its adoption in the beauty and cosmetics industry.


Industrial Applications: The versatile nature of glycolic acid finds utilization in various industrial processes, enhancing its demand across diverse sectors.


Future of the Latin America Glycolic Acid Market:


With the growing awareness of skincare and personal care, the Latin America glycolic acid market is poised to flourish in the coming years. The convergence of consumer preference for effective anti-aging solutions and the expansion of industrial applications will play a pivotal role in shaping the market’s trajectory, offering a multitude of growth opportunities.


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About Us


Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.


Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.


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