The Kojic Acid market is expected to grow from USD 62.5 million in 2022 to USD 76.9 million by 2032, at a CAGR of 2.10% during the forecast period 2023-2032.
Kojic acid is most commonly used in cosmetic products, like lotions, creams, and serums. It is also used in some soaps. Numerous products with kojic acid are intended for use on the hands or face. Kojic acid works by blocking tyrosine from forming, preventing melanin production. Reduced melanin production may have a lightening effect on the skin. Products containing kojic acid can also be used on other body parts, such as the legs and arms. The concentration of kojic acid in cosmetics is often between 1 and 4%.
The driving factors of the market growth are Kojic acid is in increased demand in cosmetics due to its skin-benefiting effects. The increasing need for skin care products globally, particularly in growing countries, is a key trend and factor for the increase in demand. Skincare in the beauty industry is essential in propelling the demand for this acid. This drives global demand and development in the cosmetics industry, and kojic acid influences market growth which is growing fast.
This study delivers a comprehensive analysis of type, application, and region. The type segment includes normal, and ultra-high pure. The ultra-high pure segment holds the largest market share in 2022 due to the powder and liquid forms are categorized as normal with less purity and ultra-high pure with higher purity. The ultra-high pure type is available commercially with 97.8% or more purity. The ultra-high pure type is the leading type broadly used for commercial purposes. The application segment includes food additive, medicine material, cosmetics, and others. The cosmetics segment holds the largest market share in 2022 due to the cosmetics industry has a high demand, for Kojic acid, due to its skin-lightening, anti-ageing, and colour-protectant uses; it is used in cosmetic products like colour cosmetics, lotions, shampoos, facial creams, bleaching creams, and powders. It is used in the food industry as an additive to stop the oxidization of vegetables and fruits.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific holds the largest market share due to the China has the most increased market share for kojic acid in the Asia-Pacific region, followed by Japan and South Korea. The need for beauty care and cosmetics, food, and medicine sectors is increasing exponentially in these countries. Due to this, the demand will be high in these countries.
Some of the notable players in the market are Chengdu Jinkai, Hubei Artec Biotechnology Co, Sansho Seiyaku, Sichuan Huamai Technology Co, Syder, and Xian Hao-Xuan Bio-tech Co.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Type
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing Requirements from the Cosmetics and Food industry.
5.3. Restraints
5.3.1. Side Effects on Skin and High Cost
5.4. Opportunities
5.4.1. Technological Advancement
6. Global Kojic Acid Market Analysis and Forecast, By Type:
6.1. Segment Overview
6.2. Normal
6.3. Ultra-high Pure
7. Global Kojic Acid Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Food Additive
7.3. Medicine Material
7.4. Cosmetics
7.5. Others
8. Global Kojic Acid Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Kojic Acid Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Kojic Acid Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Chengdu Jinkai.
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Hubei Artec Biotechnology Co.
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Sansho Seiyaku.
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Sichuan Huamai Technology Co
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Syder.
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Xian Hao-Xuan Bio-tech Co.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
List of Table
1. Global Kojic Acid Market, By Type, 2019-2032 (USD Million)
2. Global Normal Kojic Acid Market, By Region, 2019-2032 (USD Million)
3. Global Ultra-high Pure Kojic Acid Market, By Region, 2019-2032 (USD Million)
4. Global Kojic Acid Market, By Application, 2019-2032 (USD Million)
5. Global Food Additive Kojic Acid Market, By Region, 2019-2032 (USD Million)
6. Global Medicine Material Kojic Acid Market, By Region, 2019-2032 (USD Million)
7. Global Cosmetics Kojic Acid Market, By Region, 2019-2032 (USD Million)
8. Global Others Kojic Acid Market, By Region, 2019-2032 (USD Million)
9. North America Kojic Acid Market, By Type, 2019-2032 (USD Million)
10. North America Kojic Acid Market, By Application, 2019-2032 (USD Million)
11. U.S. Kojic Acid Market, By Type, 2019-2032 (USD Million)
12. U.S. Kojic Acid Market, By Application, 2019-2032 (USD Million)
13. Canada Kojic Acid Market, By Type, 2019-2032 (USD Million)
14. Canada Kojic Acid Market, By Application, 2019-2032 (USD Million)
15. Mexico Kojic Acid Market, By Type, 2019-2032 (USD Million)
16. Mexico Kojic Acid Market, By Application, 2019-2032 (USD Million)
17. Europe Kojic Acid Market, By Type, 2019-2032 (USD Million)
18. Europe Kojic Acid Market, By Application, 2019-2032 (USD Million)
19. Germany Kojic Acid Market, By Type, 2019-2032 (USD Million)
20. Germany Kojic Acid Market, By Application, 2019-2032 (USD Million)
21. France Kojic Acid Market, By Type 2019-2032 (USD Million)
22. France Kojic Acid Market, By Application, 2019-2032 (USD Million)
23. U.K. Kojic Acid Market, By Type, 2019-2032 (USD Million)
24. U.K. Kojic Acid Market, By Application, 2019-2032 (USD Million)
25. Italy Kojic Acid Market, By Type, 2019-2032 (USD Million)
26. Italy Kojic Acid Market, By Application, 2019-2032 (USD Million)
27. Spain Kojic Acid Market, By Type, 2019-2032 (USD Million)
28. Spain Kojic Acid Market, By Application, 2019-2032 (USD Million)
29. Asia Pacific Kojic Acid Market, By Type, 2019-2032 (USD Million)
30. Asia Pacific Kojic Acid Market, By Application, 2019-2032 (USD Million)
31. Japan Kojic Acid Market, By Type, 2019-2032 (USD Million)
32. Japan Kojic Acid Market, By Application, 2019-2032 (USD Million)
33. China Kojic Acid Market, By Type 2019-2032 (USD Million)
34. China Kojic Acid Market, By Application, 2019-2032 (USD Million)
35. India Kojic Acid Market, By Type 2019-2032 (USD Million)
36. India Kojic Acid Market, By Application, 2019-2032 (USD Million)
37. South America Kojic Acid Market, By Type, 2019-2032 (USD Million)
38. South America Kojic Acid Market, By Application, 2019-2032 (USD Million)
39. Brazil Kojic Acid Market, By Type 2019-2032 (USD Million)
40. Brazil Kojic Acid Market, By Application, 2019-2032 (USD Million)
41. Middle East and Africa Kojic Acid Market, By Type, 2019-2032 (USD Million)
42. Middle East and Africa Kojic Acid Market, By Application, 2019-2032 (USD Million)
43. UAE Kojic Acid Market, By Type, 2019-2032 (USD Million)
44. UAE Kojic Acid Market, By Application, 2019-2032 (USD Million)
45. South Africa Kojic Acid Market, By Type 2019-2032 (USD Million)
46. South Africa Kojic Acid Market, By Application, 2019-2032 (USD Million)
List of Figures
1. Global Kojic Acid Market Segmentation
2. Kojic Acid Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Kojic Acid Market Attractiveness Analysis by Type
9. Global Kojic Acid Market Attractiveness Analysis by Application
10. Global Kojic Acid Market Attractiveness Analysis by Region
11. Global Kojic Acid Market: Dynamics
12. Global Kojic Acid Market Share by Type (2022 & 2032)
13. Global Kojic Acid Market Share by Application (2022 & 2032)
14. Global Kojic Acid Market Share by Regions (2022 & 2032)
15. Global Kojic Acid Market Share by Company (2022)
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