| Product Code: ETC5668682 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a slight decline in growth rate in 2024, Sweden`s glycolic acid import market continues to be dominated by a concentrated group of top exporting countries, including Metropolitan France, China, Netherlands, Denmark, and Belgium. The high Herfindahl-Hirschman Index (HHI) suggests a significant level of market concentration. With a moderate compound annual growth rate (CAGR) of 1.47% from 2020 to 2024, the market remains stable, indicating sustained demand for glycolic acid in Sweden. Keeping an eye on the evolving trends and strategies of these key exporting countries will be crucial for stakeholders in the glycolic acid industry.
The glycolic acid market in Sweden is growing, driven by its applications in skincare and cosmetic formulations. Glycolic acid is a popular alpha hydroxy acid (AHA) known for its exfoliating properties and ability to promote skin renewal. The rising demand for anti-aging products and the trend toward clean beauty are encouraging manufacturers to incorporate glycolic acid into their formulations. Additionally, increasing consumer awareness of skincare ingredients is boosting the market for glycolic acid-based products.
The glycolic acid market in Sweden is influenced by the rising demand for skincare products featuring effective exfoliating agents. As consumers increasingly seek anti-aging and skin rejuvenating solutions, glycolic acid has gained popularity for its ability to promote skin cell turnover. The growth of the beauty and personal care industry, coupled with the trend towards clean and natural formulations, supports the market for glycolic acid-based products. Furthermore, the increasing awareness of skincare routines and the importance of effective ingredients drive demand in this sector.
The glycolic acid market in Sweden is influenced by the rising demand for skincare products featuring effective exfoliating agents. As consumers increasingly seek anti-aging and skin rejuvenating solutions, glycolic acid has gained popularity for its ability to promote skin cell turnover. The growth of the beauty and personal care industry, coupled with the trend towards clean and natural formulations, supports the market for glycolic acid-based products. Furthermore, the increasing awareness of skincare routines and the importance of effective ingredients drive demand in this sector.
The glycolic acid market in Sweden encounters several challenges, particularly related to regulatory scrutiny and market competition. As glycolic acid is widely used in cosmetics and personal care products, manufacturers must comply with stringent regulations concerning safety and labeling. Additionally, the market is highly competitive, with numerous suppliers offering similar products, making it challenging for companies to differentiate themselves. Price volatility in raw materials can also impact production costs, affecting profit margins. Furthermore, consumer trends favoring natural and organic ingredients can create pressure on manufacturers to innovate and develop glycolic acid formulations that align with these preferences.
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 Sweden Glycolic Acid Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Glycolic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Glycolic Acid Market - Industry Life Cycle |
3.4 Sweden Glycolic Acid Market - Porter's Five Forces |
3.5 Sweden Glycolic Acid Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Sweden Glycolic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Sweden Glycolic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for skincare products in Sweden |
4.2.2 Growing awareness about the benefits of glycolic acid in skincare |
4.2.3 Rising disposable income leading to higher spending on personal care products |
4.3 Market Restraints |
4.3.1 Stringent regulations on the use of chemical ingredients in cosmetics |
4.3.2 Competition from alternative skincare ingredients |
4.3.3 Fluctuating raw material prices impacting production costs |
5 Sweden Glycolic Acid Market Trends |
6 Sweden Glycolic Acid Market Segmentations |
6.1 Sweden Glycolic Acid Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Sweden Glycolic Acid Market Revenues & Volume, By Cosmetic, 2021-2031F |
6.1.3 Sweden Glycolic Acid Market Revenues & Volume, By Technical, 2021-2031F |
6.2 Sweden Glycolic Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Sweden Glycolic Acid Market Revenues & Volume, By Personal Care & Dermatology, 2021-2031F |
6.2.3 Sweden Glycolic Acid Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Sweden Glycolic Acid Market Revenues & Volume, By Household, 2021-2031F |
7 Sweden Glycolic Acid Market Import-Export Trade Statistics |
7.1 Sweden Glycolic Acid Market Export to Major Countries |
7.2 Sweden Glycolic Acid Market Imports from Major Countries |
8 Sweden Glycolic Acid Market Key Performance Indicators |
8.1 Number of new skincare product launches containing glycolic acid |
8.2 Consumer awareness levels of glycolic acid and its benefits |
8.3 Growth rate of the skincare market in Sweden |
8.4 Average selling price of glycolic acid products in the market |
8.5 Number of partnerships or collaborations between skincare brands and glycolic acid suppliers |
9 Sweden Glycolic Acid Market - Opportunity Assessment |
9.1 Sweden Glycolic Acid Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Sweden Glycolic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sweden Glycolic Acid Market - Competitive Landscape |
10.1 Sweden Glycolic Acid Market Revenue Share, By Companies, 2024 |
10.2 Sweden Glycolic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |