| Product Code: ETC8845020 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines mandelic acid import market continued to thrive in 2024, with top exporting countries being Mexico, India, China, Japan, and the USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 19.33% from 2020 to 2024 demonstrates sustained growth. Furthermore, the growth rate of 23.47% from 2023 to 2024 highlights the increasing demand for mandelic acid in the Philippines, suggesting a promising outlook for the market in the coming years.

The mandelic acid market in the Philippines is expanding due to its increasing use in skincare, pharmaceuticals, and chemical applications. The rising demand for exfoliating agents and anti-aging skincare products is driving the market. Additionally, mandelic acids antibacterial properties make it a popular ingredient in dermatological treatments and acne solutions.
The growing demand for skincare and pharmaceutical products has fueled the mandelic acid market in the Philippines. Mandelic acid is widely used in anti-aging, acne treatment, and skin-brightening formulations. Additionally, the rising consumer preference for natural and organic skincare ingredients has contributed to market growth.
The mandelic acid market in the Philippines faces supply chain disruptions due to the reliance on imported raw materials. Price volatility affects production costs, making it difficult for local manufacturers to compete with international suppliers. Additionally, limited consumer awareness about the benefits of mandelic acid in skincare and pharmaceuticals slows market penetration.
Mandelic acid is gaining traction in the cosmetics, pharmaceutical, and chemical industries. Investment in local production, innovative formulations, and export potential can be highly profitable. With increasing consumer demand for anti-aging and skin-brightening products, companies can develop specialized skincare solutions.
The FDA regulates mandelic acid in cosmetics and pharmaceuticals, ensuring compliance with product safety and labeling requirements. The government supports local skincare product manufacturing, enforcing strict import regulations on chemical ingredients.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Mandelic Acid Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Mandelic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Mandelic Acid Market - Industry Life Cycle |
3.4 Philippines Mandelic Acid Market - Porter's Five Forces |
3.5 Philippines Mandelic Acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Mandelic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Philippines Mandelic Acid Market Revenues & Volume Share, By End User Industry, 2021 & 2031F |
4 Philippines Mandelic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about skincare and beauty products |
4.2.2 Growing demand for natural and organic skincare ingredients |
4.2.3 Rising prevalence of skin issues such as acne and hyperpigmentation in the Philippines |
4.3 Market Restraints |
4.3.1 Limited availability of mandelic acid products in the market |
4.3.2 High cost associated with mandelic acid formulations |
4.3.3 Lack of regulatory framework specific to mandelic acid usage in skincare products |
5 Philippines Mandelic Acid Market Trends |
6 Philippines Mandelic Acid Market, By Types |
6.1 Philippines Mandelic Acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Mandelic Acid Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Mandelic Acid Market Revenues & Volume, By DL Mandelic Acid, 2021- 2031F |
6.1.4 Philippines Mandelic Acid Market Revenues & Volume, By L Mandelic Acid, 2021- 2031F |
6.1.5 Philippines Mandelic Acid Market Revenues & Volume, By D Mandelic Acid, 2021- 2031F |
6.2 Philippines Mandelic Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Mandelic Acid Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.2.3 Philippines Mandelic Acid Market Revenues & Volume, By Personal Care, 2021- 2031F |
6.2.4 Philippines Mandelic Acid Market Revenues & Volume, By Cosmetics, 2021- 2031F |
6.3 Philippines Mandelic Acid Market, By End User Industry |
6.3.1 Overview and Analysis |
6.3.2 Philippines Mandelic Acid Market Revenues & Volume, By Chemical, 2021- 2031F |
6.3.3 Philippines Mandelic Acid Market Revenues & Volume, By Petrochemical, 2021- 2031F |
6.3.4 Philippines Mandelic Acid Market Revenues & Volume, By Cosmetics, 2021- 2031F |
6.3.5 Philippines Mandelic Acid Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.3.6 Philippines Mandelic Acid Market Revenues & Volume, By Healthcare, 2021- 2031F |
7 Philippines Mandelic Acid Market Import-Export Trade Statistics |
7.1 Philippines Mandelic Acid Market Export to Major Countries |
7.2 Philippines Mandelic Acid Market Imports from Major Countries |
8 Philippines Mandelic Acid Market Key Performance Indicators |
8.1 Number of skincare brands introducing mandelic acid-based products in the Philippines |
8.2 Consumer sentiment and feedback on mandelic acid efficacy and safety |
8.3 Research and development investment in mandelic acid formulations and applications |
9 Philippines Mandelic Acid Market - Opportunity Assessment |
9.1 Philippines Mandelic Acid Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Mandelic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Philippines Mandelic Acid Market Opportunity Assessment, By End User Industry, 2021 & 2031F |
10 Philippines Mandelic Acid Market - Competitive Landscape |
10.1 Philippines Mandelic Acid Market Revenue Share, By Companies, 2024 |
10.2 Philippines Mandelic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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