Frequently asked questions
The global kojic acid market was valued at USD 62.5 Million in 2022.
The kojic acid market is expected to grow at a CAGR of 2.20% between 2023 and 2030, reaching USD 72.9 Million in 2030.
Cosmetic grade category is the leading segment by product, holding over 38% share in terms of value in 2022.
The ultra-high pure segment governs the demand for kojic acid in the world, holding a massive share of over 52% in 2022.
The cosmetics segment is expected to post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the kojic acid industry, with over one-third share in 2022.
The top players include Sansho Seiyaku, Xian Hao-xuan Bio-tech Co, Syder, Sichuan Huamai Technology, Hubei Artec Biotechnology Co, Chengdu Jinkai, Hubei Xiangxi Chemical and Triveni Interchem.
The market for kojic acid is expanding as a result of reasons such as growing food production due to population expansion, rising skincare product consumption, and rising demand for medications to treat fungal infections like athlete’s foot.
Kojic acid for skin treatments should not be used excessively since it may cause dermatitis, rashes, and blisters. Therefore, this might have a bad effect on how kojic acid is used in the cosmetics sector, which might hinder the development of the kojic acid industry.
Since kojic acid is an organic and natural substance secreted from several microorganisms of the aspergillus genus, the sector will see growth prospects due to the increasing demand for natural and organic beauty products.