Azelaic Acid Market Expected to Reach USD 0.46 Billion by 2032 | Growing at a CAGR of 7.2%

Market Research Future (MRFR) has published a cooked research report on the “Global Azelaic Acid Market” that contains information from 2018 to 2032. The azelaic acid market is estimated to register a CAGR of 7.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global azelaic acid market - Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd., Emery Oleochemicals, Matrica, Croda Sipo (Sichuan) Co., Ltd., Nantong Hengxing Electronic Materials, Matrìca S.p.A., Croda Sipo, Hubei TuoChu Kangyuan Pharmaceutical Co., Ltd, BASF SE, and Other.

Azelaic Acid Market

The global azelaic acid market is accounted to register a CAGR of 7.20% during the forecast period and is estimated to reach USD 0.469 billion by 2032.

With a variety of applications for different skin diseases, the azelaic acid market is crucial to the skincare sector. Its importance in skincare formulations, resolving skin issues and maintaining dermatological health, is shown by important market findings. Furthermore, the market is growing because to technological improvements, rising consumer awareness, and a growing preference for natural and effective skincare products. This has made the market a major player in both the pharmaceutical and skincare industries.

Segment Analysis

The global azelaic acid market has been segmented into Product type and application.

On the basis of Product type, the market is segmented into Polymer Grade, Technical Grade, and Pharmaceutical Grade. The Pharmaceutical Grade segment was attributed to holding the largest market share in 2022. Due to its use in pharmaceutical, personal care, and cosmetic applications, pharma grade azelaic requires a high level of purity. It is utilized in medications to treat rosacea and acne ointments. In skin care products, it serves as an active ingredient for bleaching and whitening as well.

Based on application, the global azelaic acid market has been segmented into Plastics, Lubricants, Electronics, Pharmaceuticals and Cosmetics, Personal Care, and Other Applications. The pharmaceuticals and cosmetics segment was expected to hold the largest market share in 2022, because of the rising demand for dermatological procedures and skincare products. The rising occurrence of skin disorders such as rosacea and acne, as well as the compound's efficacy in treating hyperpigmentation, are the factors propelling this expansion. The growing demand for azelaic acid in medications and cosmetics is also fueled by advancements in formulations and a preference for natural components.

Regional Analysis

The global azelaic acid market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe azelaic acid market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The azelaic acid market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World azelaic acid market comprises of Middle East, Africa, and Latin America.

The largest market share for azelaic acid was maintained by the North American regional sector The rising frequency of skin disorders like rosacea and ache, the growing inclination for natural and organic skincare products, and the presence of significant market participants are the main drivers of the region's growth.

Moreover, the Europe market has been persistently growing over the forecast period. Europe's rise is fueled by a number of factors, including the region's large pharmaceutical businesses, the growing desire for natural and organic skincare products, and growing awareness of the chemical's health advantages for skin.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period driven by elements including the growing demand for skincare goods, growing knowledge of its advantages, and the region's developing cosmetic businesses. The market's upward trend is further aided by the rising incidence of skin diseases and ailments.

Furthermore, the rest of the world's azelaic acid market is divided into the Middle East, Africa, and Latin America. Azelaic acid's market share is rising in rest of the world due to customer preferences for multipurpose skincare products and the impact of social media in raising awareness of skincare issues. The industry is also growing as a result of developments in cosmetic formulations and a growing preference for natural and organic ingredients.

Key Findings of the Study

• The global azelaic acid market is expected to reach USD 0.469 billion by 2032, at a CAGR of 7.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market driven by elements including the growing demand for skincare goods, growing knowledge of its advantages, and the region's developing cosmetic businesses.


• Based on application, the pharmaceuticals and cosmetics segment was attributed to holding the largest market in 2022, with an approximate market share of 40%.


• Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd., Emery Oleochemicals, Matrica, Croda Sipo (Sichuan) Co., Ltd., Nantong Hengxing Electronic Materials, Matrìca S.p.A., Croda Sipo, Hubei TuoChu Kangyuan Pharmaceutical Co., Ltd, BASF SE, and Other.