Dihydroxyacetone (DHA) Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Dihydroxyacetone (DHA) Market Size
The global Dihydroxyacetone (DHA) market was valued at US$ 166 million in 2023 and is anticipated to reach US$ 259 million by 2030, witnessing a CAGR of 7.1% during the forecast period 2024-2030.

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Dihydroxyacetone (DHA) Market Trends
Numerous important reasons are driving the Dihydroxyacetone (DHA) market's rise. First, the market is growing because of the rising demand for cosmetics and sunless tanning products. Dihydroxyacetone, which combines with amino acids in the skin's outermost layer to generate a transient bronzed or tan look without exposure to ultraviolet (UV) light, is a crucial component of sunless tanning formulas. Growing awareness of the dangers of extended sun exposure, such as skin cancer and early aging, has led to a demand among customers for sunless tanning solutions, which are safer than traditional tanning techniques. DHA is also used in cosmetics like lotions, creams, and sprays to improve the appearance of the skin and give a natural-looking tan, which fuels market demand.
Furthermore, the Dihydroxyacetone (DHA) market is driven by innovation and market expansion due to developments in manufacturing techniques and biotechnology. As demand for DHA rises, manufacturers are always looking for novel sources, such as microbial fermentation and biocatalytic synthesis, to fulfill the expanding need and lessen reliance on conventional extraction techniques. Furthermore, the goal of research and development is to increase DHA's bioavailability, stability, and purity for usage in industrial, food additive, and pharmaceutical applications. Additionally, a greater variety of DHA-containing products with better performance, sensory qualities, and consumer appeal are produced as a consequence of developments in formulation technology and product development. The DHA market should continue to develop and innovate as long as production prices come down and technology advances.

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By Application
• Cosmetic
• Pharmaceutical
• Food
• Others
By Company
Merck KGaA, Givaudan, Spec-Chem Industry, Huateng Pharma, Shaanxi Iknow Biotechnology, Hubei Marvel-Bio Medicine, Changxing Pharmaceutical, Hubei Zhengxingyuan Chemical, by Purity, Purity ≥99%, Purity ≥98%

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This release was published on openPR.