Glycolic Acid Market Size, Share & Trends Analysis grow at a CAGR of 7.1% from 2025 to 2030
The global glycolic acid market size was estimated at USD 489.0 million in 2024 and is anticipated to grow at a CAGR of 7.1% from 2025 to 2030. Increasing demand of skin and hair care products containing glycolic acid is driving the market.
Key Highlights:
- Asia Pacific glycolic acid market dominated the global industry with the largest revenue share of 38.3% in 2024.
- The glycolic acid market in the U.S. is expected to grow at CAGR of 7.5% over the forecast period.
- By application, the personal care segment dominated the market by capturing 66.7% share in 2024.
- By grade, the cosmetic segment dominated the industry by capturing 64.7% of share in 2024.
Market Size & Forecast
- 2024 Market Size: USD 489.0 million
- 2030 Projected Market Size: USD 734.6 million
- CAGR (2025-2030): 7.1%
- Asia Pacific: Largest market in 2024
Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/glycolic-acid-industry/request/rs1
It is also used in emulsion polymers and additives for inks & paints, further expanding the market growth. Glycolic acid is a natural compound primarily obtained from citrus fruits such as oranges and grapes. Kiwi, beets, sugarcane are other rich sources of glycolic acid. Growing production of formaldehyde coupled with technological advancements to optimize the production grade is expected to boost the market growth further.
In addition, rising expenditure on R&D has resulted in an increased scope of application, which is expected to drive product demand over the forecast period. However, high awareness levels about the negative effects of glycolic acid, such as skin allergies, are expected to restrain the market growth to some extent. Stringent regulations imposed by regulatory bodies, such as the European Union, regarding product usage in cosmeceutical formulations, are also likely to hinder growth. On the other hand, the rising popularity of natural cosmetics is likely to positively affect the industry dynamics over the years to come.
The rising need for online cosmetics and personal care products such as moisturizers, body wash, fragrances, scrubs, lipsticks, sunscreens, and others has encouraged many companies or manufacturers to develop a broad sales network, which is anticipated to drive the market. With the advent of the e-commerce sector and the growth of social media, consumer demand for high-end, unique, and novel cosmetics has also emerged. Glycolic acid is a vital element in the manufacturing of the above-mentioned goods, which is anticipated to propel industry growth, coupled with rising consumer healthcare awareness. The rising demand for glucosides in biopolymers usage, due to their harmless and excellent recyclability, represents a significant potential for glycolic acid producers. Hence, it acts as an opportunity for the manufacturers in the market.
