Global Mallow Glycolic Extract Market Overview
Mallow glycolic extract is a plant extract that is used majorly in personal and cosmetics industries due to its ample beneficial factors related to skin. The increasing demand for personal care and cosmetics products have eventually lead to the growing demand for the mallow glycolic extract. Mallow glycolic extract offers various health benefits including protection against infection, healing wounds, reducing inflammation, reducing signs of aging, optimize digestive functions, improve respiratory health, treat headaches and improve sleep. Thus, the global mallow glycolic extract market is anticipated to gain a significant market share in cosmetics and personal care industry over the forecast period and the global mallow glycolic extract market is expected to register a single-digit compound annual growth rate (CAGR) from 2018 to 2028. The market across the globe has grown considerably owing to the rising demand for beauty and personal care products, which is expected to increase the manufacturing and sales of mallow glycolic extract globally.
However, the mallow glycolic extract market is expected to exhibit robust growth in the developing countries, such as China, India, Mexico and the Middle East & African countries due to the increasing demand for personal care products, rising globalization and rapidly changing market scenario in these countries. As a result, many end-user industries have shifted their focus to the adoption of mallow glycolic extract.
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Global Mallow Glycolic Extract Market Dynamics
One of the key factors driving the growth of the mallow glycolic extract market in the personal care industry is the rising demand for mallow glycolic extract in relieving pain. The presence of rich vitamin content on the leaves of mallow glycolic extract reduces discomfort and pain aiding in speed healing. The global consumption of the skincare industry is expected to drive the market for mallow glycolic extract. Additionally, the booming healthcare industry across the globe will have a positive impact on the global mallow glycolic extract market. As mallow glycolic extract protects the immune system, anti-inflammatory action, cures respiratory illnesses, anti-aging effects, digestive issues and sleep problems. The rising expenditure on the dermatological or topical solutions and lotions are likely to expand the personal care and beauty products industry, which is expected to push the demand for mallow glycolic extract.
However, some of the key factors that are likely to hinder the growth of the mallow glycolic extract market are stringent regulation for mallow glycolic extract from various government bodies such as USDA, FDA, etc. Adverse impacts of the mallow glycolic extract as like carcinogenic toxicity levels and hypersensitivity reactions inducing properties of the component is likely to limit the growth of the market.
Global Mallow Glycolic Extract Market Segmentation
Mallow glycolic extract includes the following segments:
The global mallow glycolic extract market can be segmented on the basis of end-use industry as:
- Personal Care Industry
- Beauty Care Industry
- Health Care Industry
- Other End-use Industry
The global mallow glycolic extract market can be segmented on the basis of the geographical region as:
- North America
- Latin America
- CIS & Russia
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
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Global Mallow Glycolic Extract Market Regional Overview
North America mallow glycolic extract market holds a maximum share of the global mallow glycolic extract market followed by Europe. The major factors, which have a leading position, have propelled the growth of mallow glycolic extract market in these regions, increasing the demand for personal and cosmetics, which leads to an increase in the usage of mallow glycolic extract and increase the growth of the mallow glycolic extract market. The Asia Pacific is developing at a steady pace and is one of the most promising markets for the growth of the mallow glycolic extract market. The factors, which have accentuated the growth of mallow glycolic extract market in Asia Pacific, are increasing skin problems such as acne, blemishes, etc. Furthermore, increasing disposable incomes of the population, favorable government policies in Asian countries, easy market penetration, would most likely fuel the growth of mallow glycolic extract market in the coming forecast period.
Global Mallow Glycolic Extract Market Key Players
Some of the key players in the Mallow Glycolic Extract market are:
- Esperis S.P.A.
- Croda International Plc
- Vigon International
- Dow Chemical
- Kobo Products, Inc.
- Other Key Players
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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