AZELAIC ACID MARKET ANALYSIS

Azelaic Acid MarketSize and Trends

The azelaic acid market size is expected to reach US$ 353.0 Mn by 2031, from US$ 210.0 Mn in 2023, at a CAGR of 7.7% during the forecast period.

Azelaic Acid Market Trends:

Increasing preference for natural ingredients in cosmetics: The increasing preference for natural ingredients among consumers is having a notable impact on the azelaic acid market. More individuals are actively seeking out skin and hair care products with natural formulations that are free of harmful chemicals. This aligns with azelaic acid's position as a naturally-derived acid that offers several skin benefits.

 Azelaic acid is found naturally in wheat and barley and provides anti-inflammatory, antibacterial, and antiproliferative properties when used in cosmetic products. As consumers become more educated on the importance of using gentle, natural acids in skincare, azelaic acid serves as an appealing alternative to other exfoliants that contain synthetic acids. Its natural origin allows brands to market products with azelaic acid as ‘natural’ or ‘clean,’ which carries significant weight among conscientious buyers.

The growing emphasis on natural ingredients has spurred cosmetic companies to diversify their portfolios with natural acid options like azelaic acid. Mainstream brands and niche natural labels alike are responding to customer demand by launching or expanding azelaic acid product lines. For example, The Ordinary, a popular skincare brand known for affordable naturally-derived formulas, recently released an azelaic acid suspension. This launch was driven by strong interest from consumers seeking multi-purpose chemical exfoliants from natural sources.

Focus on clinical trials and new applications: Azelaic acid is being increasingly used in clinical trials for various dermatological conditions beyond its traditional use for acne treatment. This emerging trend is positively influencing the growth of the azelaic acid market.