Hyaluronic Acid Market Size, Share, Growth, Opportunities, Trends, Analysis and Forecast 2027

Hyaluronic Acid Market Overview

At a CAGR of 6.77%, the hyaluronic acid market is anticipated to surpass USD 20,144.59 million by 2027.

Hyaluronic acid is a substance that the human body's cells naturally contain. The eye and joint fluids contain the highest proportion of hyaluronic acid. It functions as a cushion and lubricant in the joints and other tissues. It is well-liked in the pharmaceutical and cosmetic industries thanks to its moisturizing characteristics. It is also used during operations.

The number of aesthetic procedures being performed is rising as a result of an increase in plastic surgeons and cosmetic surgery offices. The market is being driven by the increasing use of nonsurgical cosmetic procedures like Botox and injectable hyaluronic acid. During the forecast period, new product developments and an increase in the use of business strategies by key market participants, such as mergers and acquisitions, are expected to fuel growth.

Hyaluronic acid production was hampered as a result of the COVID-19 outbreak in China and its subsequent spread to many other nations. This outbreak of the disease stopped manufacturing in the industrial sector. The COVID-19 outbreak presented difficulties with the procurement of raw materials.

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Key Players

Allergan plc (Ireland)

Symatese (France)

Zhonglan Industry Co., Ltd (China)

Altergon Italia Srl (Italy)

Fidia Farmaceuticis.p.a. (Italy)

Bioiberica S.A.U. (Barcelona)

Kewpie Corporation's (Japan)

Seikagaku Corporation (Japan)

Anika Therapeutics, Inc. (US)

Segmental Analysis

By Grade

Due to its moisturizing and film-forming qualities, hyaluronic acid is widely used in cosmetics. By reducing flaking and restoring suppleness, it improves the appearance of dry or damaged skin, minimizing the visibility of wrinkles, fine lines, redness, and dermatitis. Additionally, aqueous (water) components of cosmetics and personal care items are thickened with hyaluronic acid.

By Application

Using hyaluronic acid, a plumping effect is produced. Hyaluronic acid-based fillers are injected by dermatologists to give the skin a firm appearance. In cosmetic surgery, botox and dermal fillers are frequently employed. Most of the time, women have these operations to improve their looks. The various surgical procedures performed on older women include blepharoplasty, skin resurfacing, and facelifts.

By End User

Based on end users, the market is divided into pharmaceuticals, cosmetic clinics, the food industry, and personal care.

By Region

Market segments include North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

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Regional Analysis

Asia-Pacific is anticipated to increase in terms of volume at a CAGR of 6.3% over the forecast period. During the projected period, China and India are anticipated to be the leading investment destinations in the market. This is explained by the presence of a growing consumer base in sectors including the pharmaceutical, nutraceutical, and cosmetic industries. Major industrial players are also present in the region, particularly in China. Additionally, the low cost of Chinese hyaluronic acid is a huge competitive advantage. In addition, significant changes regarding hyaluronic acid-based fillers occurred in Asia-Pacific in 2020 and 2021.

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