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Hyaluronic Acid Market

Hyaluronic Acid Market

Hyaluronic Acid Market Analysis By Application (Dermal Fillers, Osteoarthritis, Ophthalmic), By Distribution Channel (Offline, Online), By End Use, By Region - Global Forecast - 2022-2032

Hyaluronic Acid Market
FACT7425MR

Hyaluronic Acid Market Outlook (2022-2032)

Sales of hyaluronic acid are predicted to increase at a CAGR of 7.9% from 2022 to 2032, At present, the global hyaluronic acid market stands at a valuation of US$ 11.31 billion and is estimated to rake in revenue worth US$ 24.11 billion by the end of 2032.

Report Attributes

Details

Hyaluronic Acid Market Size (2022)

US$ 11.31 Billion

Forecasted Market Value (2032F)

US$ 24.11 Billion

Estimated Growth Rate (2022-2032)

7.9% CAGR

North America Hyaluronic Acid Market Revenue (2022)

US$ 3.76 Billion

China Hyaluronic Acid Market Value (2032)

US$ 2.56 Billion

Key Companies Profiled

  • Allergan Plc
  • Symatese
  • Zhonglan Industry Co. Ltd.
  • Altergon Italia Srl
  • Fidia Farmaceutici s.p.a.
  • Bioiberica S.A.U.
  • Kewpie Corporation's
  • Seikagaku Corporation
  • Anika Therapeutics Inc.
  • Sanofi
  • Ferring B.V.
  • Viatris Inc.
  • Contipro AS
  • AlfaSagittarius 
  • Croma-Pharma
  • Zimmer Biomet
  • Lifecore Biomedical LLC
  • LG Chem
  • Bioventus LLC
  • Smith & Nephew plc
  • Shanghai Jingfeng Pharmaceutical Co. Ltd.
  • Nestle (Galderma)
  • Bausch Health Companies Inc. (Salix Pharmaceuticals Inc.)

Hyaluronic acid is also known as hyaluronan, and is used in several applications such as medical supplies, pharmaceuticals, and personal care. Increasing popularity of the benefits of hyaluronic acid is expected to propel hyaluronan market growth throughout the 2022-2032 assessment period.

Ophthalmic application of hyaluronic acid currently accounts for a value of over US$ 2 billion in the global market.

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Hyaluronic Acid Consumption Survey (2017-2021) in Comparison to Market Growth Forecasts (2022-2032)

Hyaluronic acid plays a crucial role in our body and provides lubrication between connective tissues and bones. Ill-eating habits have resulted in lower levels of hyaluronan in individuals and subsequently increased the sales of hyaluronic acid supplements. The increasing geriatric population is also expected to supplement the consumption of hyaluronic acid capsules across the world.

Hyaluronic acid demand rose at a CAGR of 5.7% from 2017 to 2021 and accounted for a net worth of US$ 10.71 billion at the end of 2021.

Increasing popularity of the dermal filler properties of hyaluronic acid is expected to drive the hyaluronic acid products market across the forecast period. Hyaluronic acid serums, hyaluronic acid moisturizers, hyaluronic acid masks, hyaluronic acid powder, and hyaluronic acid sheet masks are some prominent products that are expected to see high demand owing to the rising focus on personal care.

Increasing disposable income, rising incidence of osteoarthritis, and rising preference of cosmetic brands to use hyaluronic acid in manufacturing are expected to be prominent hyaluronic acid market trends over the coming years.

Shipments of hyaluronic acid are anticipated to witness an increase at a CAGR of 7.9% from 2022 to 2032.

Hyaluronic acid market forecast by Fact.MR

What Factors Could Result in Increased Hyaluronic Acid Market Revenue?

“Rising Focus on Personal Care to Drive Demand for Hyaluronic-based Products”

Aesthetic awareness among the general population has substantially increased over the past few years owing to the rising penetration of social media and the growing influence of celebrities. Consumption of hyaluronic acid supplements is expected to rise as the popularity of their anti-aging effect increases.

Hyaluronic acid for skin-based applications and hyaluronic acid for hair-based applications are expected to see a prominent increase throughout the forecast period. Rising preference for organic products is expected to drive demand for organic hyaluronic acid powder, and this is expected to adversely affect synthetic hyaluronic acid sales through 2032.

Increasing disposable income is also expected to boost sales in the personal care segment. All of these factors are expected to make the personal care segment a target market for hyaluronic acid over the years to come.

Which Region Should Hyaluronic Acid Manufacturers Invest Their Efforts In?

“Asia Pacific Region to Provide Lucrative Business Opportunities”

Fact.MR, a market research and competitive intelligence provider, has analyzed the hyaluronic acid market across several geographical regions and shed light on the latest trends in the global hyaluronic acid market.

North America currently accounts for a revenue total of US$ 3.76 billion and is expected to hold a major market share of 37.3% in the global hyaluronic acid industry landscape by 2032.

Increasing pharmaceutical-grade hyaluronic acid sales owing to rising demand for viscosupplementation, and high demand for cosmetic & personal care products are expected to be major trends driving market growth in this region.

The Asia Pacific region is expected to emerge as a highly opportune market for hyaluronic acid suppliers owing to increasing disposable income and the rising use of hyaluronic acid in pharmaceutical & medical applications. China, India, Japan, and South Korea are expected to be the most prominent markets in this region.

The APAC hyaluronic acid market is expected to attain a net worth of US$ 6.04 billion by 2032 while expanding at a CAGR of 7.1% over the forecast period.

An Adaptive Approach to Modern-day Research Needs

Country-wise Insights

Why the United States is an Attractive Market for Hyaluronic Acid Suppliers?

“Rising Geriatric Population & Increasing Aesthetic Awareness to Provide Rewarding Opportunities”

The aging population in the United States is on the rise, and hence, the incidence of osteoarthritis has also increased in the country. This factor is expected to significantly influence the hyaluronic acid injections market in the U.S. Deteriorating eating habits have also contributed to increased consumption of oral hyaluronic acid supplements in the country.

Moreover, increasing focus on personal care and rising awareness for aesthetic perfection is expected to drive demand for hyaluronic acid gel, hyaluronic acid pills, hyaluronic acid injectables, and other hyaluronic acid-based products in the country.

Demand for hyaluronic acid in the U.S. accounts for a value of US$ 3.42 billion in 2022 and is expected to expand at a CAGR of 9.2% through 2032.

Will Japan Be a Lucrative Market for Hyaluronic Acid?

“Japan to Witness Increase in Demand for Hyaluronic Acid at High CAGR”

Hyaluronic acid consumption in Japan is projected to increase at a stellar CAGR of 9.2% from 2022 to 2032. The presence of a high geriatric population and increased awareness of personal care are major factors driving hyaluronic acid market potential in Japan.

High consumer spending potential of consumers in Japan will further provide lucrative business opportunities for hyaluronic acid manufacturers. The market in Japan is expected to attain a valuation of US$ 901.5 million by the end of 2032.

Category-wise Insights

What Impact Does Increasing Osteoarthritis Incidence Have on Hyaluronic Acid Injectable Demand?

“Increasing Osteoarthritis to Drive Hyaluronic Acid Viscosupplementation Market”

Hyaluronic acid knee injections are crucial in viscosupplementation treatment and since the incidence of osteoarthritis is on a rising trend this will further increase demand for hyaluronic acid knee injections across the forecast period.

Hyaluronic acid injections for knee osteoarthritis are expected to account for a revenue worth of US$ 7.57 billion in the osteoarthritis application segment by 2032.

Based on application, the hyaluronic acid market is segmented into dermal fillers, osteoarthritis, ophthalmic, and other applications. Hyaluronic acid-based dermal filler demand accounts for a major market share of 42.5% at present and is estimated to account for a revenue total of US$ 11.14 billion by the end of 2032.

Which Distribution Channel Leads Hyaluronic Acid-based Supplement Sales?

“Offline Channels Account for Higher Sales of Hyaluronic Acid-based Supplements

The hyaluronic acid market is segmented based on distribution channel, and has been bifurcated into offline and online. The offline segment leads while accounting for a major market share of 81.3% in 2022 and is set to attain an estimated net value of US$ 19.53 billion by 2032.

Meanwhile, sales via online channels are expected to rise at a high CAGR of 8.1% across the forecast period owing to the rising popularity of online shopping and rising penetration of the e-Commerce industry.

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Competitive Landscape

Top companies in the hyaluronic acid market are focusing on launching new products to increase their sales potential across several geographies. Hyaluronic acid suppliers are also eyeing mergers, collaborations, and acquisitions to drive their revenue generation potential and gain a competitive edge over other hyaluronic acid brands.

  • In February 2020, Seikagaku Corporation, a pharmaceutical-oriented R&D company based in Japan, announced the acquisition of a Canada-based drug manufacturer Dalton Chemical Laboratories Inc. This acquisition is expected to expand Seikagaku’s R&D operations and strengthen its position in the market.

Key Segments Covered in Hyaluronic Acid Industry Research

  • Hyaluronic Acid Market by Application :

    • Hyaluronic Acid-based Dermal Fillers
    • Osteoarthritis
    • Ophthalmic
    • Other Applications
  • Hyaluronic Acid Market by Distribution Channel :

    • Online Sales of Hyaluronic Acid
    • Offline Sales of Hyaluronic Acid
  • Hyaluronic Acid Market by End Use :

    • Pharmaceutical Grade Hyaluronic Acid
    • Dermatology Clinics & Cosmetic Surgery Centers
    • Food Grade Hyaluronic Acid
    • Personal Care
    • Other End Uses
  • Hyaluronic Acid Market by Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

At present, the global hyaluronic acid market accounts for a valuation of US$ 11.31 billion.
The hyaluronic acid market is estimated to reach US$ 24.11 billion by the end of 2032.
The global market for hyaluronic acid is predicted to expand at a CAGR of 7.9% from 2022 to 2032.
Sales of hyaluronic acid-based dermal fillers currently account for US$ 4.81 billion and are anticipated to increase at a CAGR of 8.8% through 2032.
The offline distribution channel accounts for a dominant market share of 81.3% at present and is expected to rake in revenue worth US$ 19.53 billion by 2032.
Key hyaluronic acid market players are Symatese, Zhonglan Industry Co. Ltd., Altergon Italia Srl, Fidia Farmaceutici s.p.a., Bioiberica S.A.U., Kewpie Corporation's, Seikagaku Corporation, Anika Therapeutics Inc., Sanofi, Ferring B.V., Viatris Inc., Conti

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