Hyaluronic Acid Market

Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033

Hyaluronic Acid Market by Application (Osteoarthritis, Cosmetics, Pharmaceutical API, Ophthalmology, Others), by End-Use Industry (Personal Care Industry, Pharmaceutical Industry, Others), and by Region (North America, South America, Europe, Asia Pacific, MEA)– Global Share and Forecast to 2033

Region: Global | Format: Word, PPT, Excel | Report Status: Ongoing

According to the Market Statsville Group (MSG), the Global Hyaluronic Acid Market size is expected to grow from USD 8,516.3 million in 2023 to USD 19,442.5 million by 2033, at a CAGR of 8.6% from 2023 to 2033. 

Hyaluronic acid is a naturally occurring substance in the human body and other living organisms. This unique molecule is a critical component of connective tissues, especially in the skin, cartilage, and joints. Due to this property, it can hold 1,000 times its weight in water, making it a potent humectant. This quality is especially beneficial for the skin as it keeps the skin hydrated, giving it a plump, supple, and youthful appearance. Hyaluronic acid is a powerful hydrator, but it also aids in tissue repair and wound healing. It facilitates the regeneration of damaged tissues and lowers inflammation by promoting cell migration and proliferation. Due to this, it has found use in several medical procedures, including tissue recovery after surgery and wound and burn healing. Hyaluronic acid has gained popularity as a skincare ingredient due to its ability to moisturize and repair skin. It is frequently included in serums, moisturizers, and masks, giving the skin an extra boost of hydration and enhancing its general texture and elasticity.

The market for hyaluronic acid has grown significantly due to the steady increase in hyaluronic acid demand across various industries. The growing acceptance of hyaluronic acid in the skincare and cosmetics sectors is driving the market's growth. Hyaluronic acid's hydrating and anti-aging properties have significantly increased in popularity as consumers become more concerned with their appearance and look for affordable options for preserving youthful skin. Hyaluronic acid-infused skincare products, such as serums, creams, and masks, are cherished for their capacity to enhance skin texture, minimize the appearance of wrinkles, and give the appearance of being plumper. Further, the demand for hyaluronic acid is being fueled by the aging population and is naturally produced less in the body as people age, which affects joint pain and skin elasticity. In order to fight the effects of aging and enhance joint health, hyaluronic acid-based medical treatments and supplements have become more widely used. In particular, aesthetic fillers made of hyaluronic acid have grown in popularity as a non-invasive cosmetic procedure to plump up the face and minimize  wrinkles.

Hyaluronic Acid Market Segmental Analysis, 2023-2033

Based on the end-use industry, the market is divided into personal care industry, pharmaceutical industry, others. The personal care industry segment accounted for the largest market share in 2023. Hyaluronic acid is increasingly in demand as a component in personal care products due to rising consumer emphasis on skincare and beauty and growing awareness of its advantages. Hyaluronic acid's hydrating and anti-aging benefits have been quickly recognized by skincare companies, who now use it in various products such as eye creams, serums, masks, and moisturizers. Hyaluronic acid's exceptional capacity to draw in and hold moisture is one of the main factors boosting its popularity in the personal care segment. Customers are looking for products that provide intense hydration and long-lasting effects as they become more concerned with the health and appearance of their skin.

Based on the regions, the global hyaluronic acid market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. North America accounted for the largest market share in 2023. The growing aging population in the region has driven the market's growth. Hyaluronic acid production in the human body naturally declines as people age, negatively impacting joint health and skin elasticity. In order to address these issues, hyaluronic acid-based products and treatments, such as joint injections and dermal fillers, have seen an increase in popularity. In addition, the increased interest in skincare and personal appearance in North America has increased the demand for hyaluronic acid. By incorporating hyaluronic acid in various products, such as serums, moisturizers, and masks, the skincare industry in North America gained benefits from this trend and increased the prominence of hyaluronic acid in the market. Further, hyaluronic acid-based cosmetic procedures are increasingly popular due to advancements in medical and aesthetic technology. 

Hyaluronic Acid Market Key Players, 2023

The Major key players in the global hyaluronic acid market are: 

  • Allergan
  • Sanofi
  • Anika Therapeutics, Inc.
  • Salix Pharmaceuticals
  • Seikagaku Corp.
  • F. Hoffmann-La Roche Ag
  • Galderma Laboratories L.P.
  • Zimmer Biomet
  • Smith & Nephew Plc
  • Ferring B.V.
  • Lifecore Biomedical, Llc
  • HTL Biotechnology
  • Shiseido Company, Ltd.
  • Bloomage Biotechnology Corporation Ltd.
  • LG Life Sciences Ltd (LG Chem.)
  • Maruha Nichiro, Inc.

Report Scope of the Global Hyaluronic Acid Market 

This market research study categorizes the hyaluronic acid market-based on application and end-use industry area at the regional and global levels.

By Application Outlook (Sales, USD Million, 2019-2033)

  • Osteoarthritis
  • Cosmetics
  • Pharmaceutical API
  • Ophthalmology
  • Others 

By End-Use Industry Outlook (Sales, USD Million, 2019-2033)

  • Personal Care Industry
  • Pharmaceutical Industry
  • Others

By Region Outlook (Sales, USD Million, 2019-2033)

  • North America 
    • US
    • Canada
    • Mexico
  • Europe 
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific 
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

Frequently Asked Questions

  • Key Issues Addressed
  • What is the market size and growth rate for different segmentations at a global, regional, & country level?
  • What is the customer buying behavior, key takeaways, and Porter's 5 forces of the market?
  • What are the key opportunities and trends for manufacturers involved in the supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of in the market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Who are the leading companies operating in the market? Also, who are the prominent startups that disrupt the market in coming years?
  • PUBLISHED ON: MARCH, 2024
  • BASE YEAR: 2023
  • FORECAST PERIOD: 2024-2033
  • STUDY PERIOD: 2019 - 2033
  • COMPANIES COVERED: 15
  • COUNTRIES COVERED: 24
  • NO OF PAGES: 268

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