Marine Hyaluronic Acid Market

Marine Hyaluronic Acid Market Analysis on the Basis of Fish, Algae, Molluscs, Cosmetic and Personal Care & Food Supplement - Global Market Insights 2023 to 2033

Analysis of Marine Hyaluronic Acid Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Marine Hyaluronic Acid Market Outlook (2023 to 2033)

The global marine hyaluronic acid market size is expected to expand from US$ 213.7 million in 2023 to US$ 609.3 million by 2033. Over the next ten years (2023 to 2033), global stock cube sales are likely to soar at 11.0% CAGR.

Key Trends Listed by Fact.MR :

  • Rising demand for natural and sustainable ingredients is a key factor driving the global marine hyaluronic acid market
  • Growing popularity for Marine-derived ingredients synergy formulation is attracting more consumers
  • Rising trend of customization and multi-step skincare routines
  • Rising popularity for vegan and cruelty-free formulations
  • Growing demand for Clean and transparent labelling
  • Growing awareness about sustainable packaging
  • Collaboration and partnership with brands, celebrity and influencers
  • Dermal filler treatment is gaining popularity among the consumers is expected to fuel demand for marine hyaluronic acid

Marine hyaluronic acid is a form derived from hyaluronic acid, which is derived from marine sources like fish or other marine organisms. Hyaluronic acid is a substance that naturally occurs in the human body, especially in connective tissues, joints, and skin. Marine hyaluronic acid is a form derived from hyaluronic acid, which is derived from marine sources like fish or other marine organisms. Hyaluronic acid is a substance that naturally occurs in the human body, especially in connective tissues, joints, and skin.

Due to social media and social media influencers, consumers are gaining more knowledge about different and new ingredients in skincare products. Marine hyaluronic acid is creating a buzz in the cosmetics and skincare industries, which is attracting more attention, not to forget the positive feedback from consumers, which plays a major role in boosting it's popularity.

In food supplement industry, marine hyaluronic acid is becoming important. Hyaluronic acid is essential for keeping the joints healthy as it helps in lubricating and cushioning the joints. As consumers are becoming more health conscious, they seek for natural alternatives, which food supplements containing marine hyaluronic acid provides for their joint support. Marine hyaluronic acid has bioavailability and the capacity to retain moisture, which helps in improving the joint mobility and reduce joint paint.

Skincare and cosmetics are booming industries globally. The best quality and effective ingredients are in high demand as skincare and overall wellness is becoming more important. Marine hyaluronic acid has it's benefits and unique properties which is used in various skincare, cosmetic and personal care products, which is driving the market growth.

E-commerce platforms, international trade and expanding network of retailers have boosted the market potential of marine hyaluronic acid. Increasing distribution networks in cosmetics and wellness products also support the global market of marine hyaluronic acid.

For instance, in June 2022, The Ordinary was launched in India in collaboration with Nykaa. As the consumer demand was increasing , the company expanded into the Indian market via Nykaa's omni channel approach of physical stores and online presence to market place it's products in the country.

Companies are offering various marine hyaluronic acid variations and formulations to fulfil consumer demands and to gain their loyalty. They are offering solutions that address different skin types, specific issues such as joint support, hydration, or anti- aging problems or providing customized options to individual consumers with their individual preferences.

Attributes

Key Insights

Estimated Global Marine Hyaluronic Acid Market Size (2023E)

US$ 213.7 million

Projected Marine Hyaluronic Acid Market Value (2033F)

US$ 609.3 million

Value-based CAGR (2023 to 2033)

11.0%

Top 3 Countrie's Value

US$ 51.62 million

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2018 to 2022 Global Marine Hyaluronic Acid Sales Outlook Compared to Demand Forecast from 2023 to 2033

According to the Fact.MR analysis, global marine hyaluronic acid sales grew at a CAGR of 5.7% from 2018 to 2022. For the next ten years, the worldwide market for Marine Hyaluronic Acid is forecast to progress at 11.0%CAGR.

Demand for skincare products with marine based ingredients, like hyaluronic acid is increasing day by day as consumers are preferring natural and sustainable products. Fish, algae, and other marine organisms are the sources of marine hyaluronic acid.

Marine hyaluronic acid is famous for high purity and potential. It has small molecules which allows better penetration in skin. This deep penetration quality of marine hyaluronic acid is making it popular among consumers looking for effective skincare products that has properties of hydration and effective plumping.

The versatile nature of marine hyaluronic acid provides consumers a numerous options for choosing wide range of products, made for specific skin requirements and preferences. Marine hyaluronic acids are used in various skincare products such as serums, masks, creams, and oral supplements as well.

Companies have started sharing information through their websites, social media handles, product packaging about how marine hyaluronic acid works and what its benefits are with usage recommendations. Through this they are building a trust between the consumers and the company.

To increase more awareness and creating more buzz, brands are promoting marine hyaluronic acid as an essential part of skincare in their marketing and advertising campaigns. They are highlighting all the benefits of the products. In addition to that, brands are also working with influencers and dermatologists to spread the word about their marine hyaluronic acid products. This will boost the market during the assessment period.

Adjacent Markets Overview :

Dietary Supplements Market :

Attributes Dietary Supplements Market

CAGR (2023 to 2033)

8.0%

Market Value (2033)

US$ 354.1 billion

Growth Factor

The demand has increased due to the rising popularity of fitness enthusiasts and gymgoers.

Opportunity

Increasing consumer awareness about the advantages of nutrients and dietary fiber.

Key Trends

The market participants have grown stronger owing to innovation in the manufacture and storage of these goods.

Herbal Supplements Market :

Attributes Herbal Supplements Market

CAGR (2023 to 2033)

6.0%

Market Value (2033)

US$ 7.9 billion

Growth Factor

Globally increasing health spending has caused a shift in the market towards an organic trend.

Opportunity

Expansion of the source base in response to the increased interest in natural and organic products.

Key Trends

It has become easier to generate sales owing to the growth of e-commerce and online sales channels.

Ocean Based Supplements :

Attributes Ocean Based Supplements

CAGR (2023 to 2033)

8.1%

Market Value (2033)

US$ 13,669.9 million

Growth Factor

Increasing consumer awareness of the importance of ocean based nutrients for overall health and wellness is driving the growth of the ocean based supplements market.

Opportunity

Growing focus on specialized ocean based supplements targeting specific health concerns, such as joint health, cognitive function, and heart health.

Key Trends

Expansion of the ocean based supplement market into new demographics, including athletes, fitness enthusiasts, and aging populations.

Country-wise Insights :

North America - CAGR

Country CAGR (%)
United States 10.0%

Europe - CAGR

Country CAGR (%)
United Kingdom 9.9%

Asia Pacific - CAGR

Country CAGR (%)
China 13.1%
India 11.4%
Japan 14.3%

North America - BPS Analysis

Country BPS Analysis
United States 389

Europe - BPS Analysis

Country BPS Analysis
United Kingdom 530

Asia Pacific - BPS Analysis

Country BPS Analysis
China 420
India 455
Japan 593

North America - Market Value (2033)

Country Market Value (2033)
United States US$ 117.1 million

Europe - Market Value (2033)

Country Market Value (2033)
United Kingdom US$ 60.3 million

Asia Pacific - Market Value (2033)

Country Market Value (2033)
China US$ 79.8 million
India US$ 69.2 million
Japan US$ 44.9 million

Will Japan Retain its Dominance in the East Asia Marine Hyaluronic Acid Market?

Anti-Aging Market Is Expected to Dominate The Japanese Skincare Industry

As per Fact.MR, Japan Marine Hyaluronic Acid market is expected to reach a valuation of around US$ 44.9 million by 2033. It will therefore hold a prominent value share of 43.1% in East Asia market.

Japan has a history of using natural ingredients in skincare and cosmetic products. Consumers in Japan have a preference for using all natural and sustainable ingredients, and marine hyaluronic acid is all natural and sustainable as it is derived from marine organisms.

In Japan the skincare routine is mostly about hydration and providing moisture to the skin. Hyaluronic acid is known for it's ability to retain moisture and hydrate the skin. The climate in Japan is very harsh, which leads to an increase in demand for products that are hydrating for the skin including marine hyaluronic acid as an active ingredient in skincare products.

The anti-aging market dominates the Japanese skincare industry. Marine hyaluronic acid provides anti-aging benefits, which includes reduction in the appearance of wrinkles, fine lines, and the treatment of dry skin. The rise in demand for marine hyaluronic acid in Japan has been influenced by the idea of maintaining youthful looking skin.

Japenese skincare or J- Beauty has become famous all over the world as it focuses on using natural ingredients, easy and simple steps for achieving healthy skin. Due to this marine hyaluronic acid is becoming a popular ingredient in the Japanese skincare industry. The popularity of J- Beauty trends in Japan and all over the world is expected to boost the sales of marine hyaluronic acid in Japan during the assessment period.

What is Driving Marine Hyaluronic Acid Demand in the United Kingdom?

Rising Awareness Of Benefits & Potential Uses Of Marine Hyaluronic Acid Is Driving Demand In The United Kingdom

According to Fact.MR analysis, the United States Marine Hyaluronic Acid industry is poised to exhibit a CAGR of 9.9% during the assessment period. By 2033, the United Kingdom market size is expected to reach US$ 60.3 million.

The Wellness and taking care of overall health move among consumers is booming in United Kingdom, where consumers are looking for products that can promote their overall well-being. Oral supplements containing marine hyaluronic acid have been discovered to have benefits beyond skincare. Oral supplements with marine hyaluronic acid have benefits such as nourishing connective tissues, improving overall skin health and enhanching joint health. The demand for marine hyaluronic acid as a food supplement has been driven by these factors.

The human body produces hyaluronic acid naturally, and as an individual gets older, the level decreases. As hyaluronic acid are produced naturally in the body, the marine hyaluronic acid supplements are marketed in such a way to support this natural process and give more nutritional support. Consumers in United Kingdom are looking for natural remedies to enhance their health, and they can do this by including marine hyaluronic acid supplements in their diet.

The rise in demand for marine hyaluronic acid has been influenced by the increase in supply of marine hyaluronic acid supplements in the United Kingdom market. As more consumers become aware of benefits of marine hyaluronic acid and it's potential uses. The demand has influenced it's availabilty in the market through retail market and online platforms. This makes it easily accessible to consumers and will boost marine hyaluronic acid sales revenue in the country.

What is the Demand Outlook for the Marine Hyaluronic Acid in India Market?

Celebrity Endorsements And Influencer Marketing Is Boosting Sales In India Of Marine Hyaluronic Acid

Marine Hyaluronic Acid demand in India is anticipated to rise at a CAGR of 11.4% during the forecast period from 2023 to 2033. By the end of 2033, India is likely to hold a market share of 41.3% in South Asia market.

Recently in India, there has been a high wave of beauty and wellness awareness. Consumers are shifting to dietary and skincare products which will improve their overall health.

In India, consumers preference is highly influenced by celebrity endorsements and influencer marketing. Consumer awareness and interest is increasing due influencers promoting marine hyaluronic acid products. The rise in demand for marine hyaluronic acid products in Indian skincare and supplement industries is because of influencer marketing.

In India, the market has seen a boon in the accessibility of marine hyaluronic acid products. Skincare brands and food supplement manufacturers are launching new products containing marine hyaluronic acid every now and then to meet the increasing demand of the consumers. The increased accessibility has enhanced marine hyaluronic acid’s popularity by making it easy for Indian consumers to locate and buy marine hyaluronic acid products.

Research and studies by scientists on benefits of marine hyaluronic acid is still going on globally. This boosts the popularity of marine hyaluronic acid as an active ingredient. It is frequently recommended by dermatologists and medical professionals to add marine hyaluronic acid in skin care regimen and in dietary supplements. All these factors are contributing in increasing the sales of marine hyaluronic acid in the Indian market.

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Category-wise Insights :

Which is the Most Sought-after Source in the Market?

Demand In The Market To Remain High For Fish Sourced Marine Hyaluronic Acid

Based on product type, demand is expected to remain high for fish sourced Marine Hyaluronic Acid during the assessment period. As per Fact.MR, with a market share of around 39.5%, fish sourced Marine Hyaluronic Acid segment is projected to reach a valuation of US$ 389.2 million in 2033.

Rooster combs or bacterial fermentation, sources of hyaluronic acid are considered as artificial or unsustainable alternatives to marine hyaluronic acid derived from fish or algae. The demand for marine-derived ingredients is growing as consumers are shifting towards products that are sustainably and ethically sourced.

There is an increase in disposable income of consumers and many parts of the world, which leads them to spend more on personal care products, especially products containing marine hyaluronic acid. As consumers have a great desire to spend on premium skincare and healthy beneficial products as they become financially strong and can spend on premium products.

As there is an ongoing research and development in Marine biotechnology industry, advancements have been made in the process of extraction and purification of hyaluronic acid from sources like fish or algae. This has increased the accessibility and affordability of marine hyaluronic acid as well as enhances it’s effectiveness and efficiency.

Why Consumers Prefer Marine Hyaluronic Acid Products Over Hyaluronic Acid Products?

Additional Ingredients Provides Additional Benefits To Marine Hyaluronic Acid Over Hyaluronic Acid

Marine hyaluronic acid are derived from fish sources, minerals, peptides and antioxidants are naturally present these sources. These additional ingredients, provides additional benefits like anti- inflammatory effects or antioxidant protection, making marine hyaluronic acid products more alluring to consumers.

As marine hyaluronic acid are derived from fish sources, it provides natural and environment friendly alternative to other types of hyaluronic acid. Consumers concerned about the environment and animal welfare prefer marine hyaluronic acid as it reduces the dependence on animal-derived sources such as, rooster and combs.

Companies often emphasize about marine ingredients in their marketing campaigns. As beauty and skincare industry is booming currently, these strategies when integrated with effective marketing and advertising strategies convince consumers to try out marine hyaluronic acid as more premium and advanced product. This factor is also playing a key role in sparking growth of the market.

Competitive Landscape :

Leading marine hyaluronic acid companies are constantly launching a new range of products to meet consumer demand. They are also using strategies such as mergers & acquisitions, partnerships, distribution agreements, collaborations, advertisements, and celebrity endorsements to gain a competitive edge in the market.

For instance :

  • In 2022, Merck launched RonaCare JouvaMer and RonaCare ReviMer, specifically designed for natural skin renewal.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Scope of the Report :

Attribute Details

Market Size Value in 2023

US$ 213.7 million

Market Forecast Value in 2033

US$ 609.3 million

Anticipated Growth Rate (2023 to 2033)

11.0% CAGR

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

  • Volume (MT)
  • Value (US$ Million)

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Countries Covered

  • Canada
  • United States
  • Mexico
  • Brazil
  • Chile
  • Peru
  • Argentina
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • Netherlands
  • Belgium
  • Nordic
  • Russia
  • Poland
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Singapore
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa
  • Central Africa
  • Others

Key Market Segments Covered

  • Source
  • End Use Application
  • Region

Key Companies Profiled

  • SkinCeuticals
  • Mario Badescu
  • Dr. Dennis Gross Skincare
  • Swisse
  • OSEA
  • LANEIGE
  • The Ordinary
  • Gelyma
  • Bloomage Biotechnology
  • Marinova
  • Novozymes
  • Aqua Bio Technology

Marine Hyaluronic Acid Market by Category :

  • By Source :

    • Fish
    • Algae
    • Mollusks
  • By End Use Application :

    • Cosmetic and Personal Care
    • Food Supplement
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • Middle East & Africa

- FAQs -

How big is the global Marine Hyaluronic Acid industry?

The Marine Hyaluronic Acid market is estimated to reach a valuation of about US$ 213.7 million in 2023.

What is the growth projection for the worldwide Marine Hyaluronic Acid industry by 2033?

The global Marine Hyaluronic Acid market value is projected to reach US$ 609.3 million by 2033.

At what rate is global demand for Marine Hyaluronic Acid expected to increase from 2023 to 2033?

Global Marine Hyaluronic Acid demand is expected to increase at a CAGR of around 11.0% through 2033.

Which region is expected to hold a prominent market share by 2033?

Asia Pacific is expected to have a prominent market share by 2033.

What was the historical CAGR for the Marine Hyaluronic Acid Market?

Global demand for Marine Hyaluronic Acid registered a CAGR of 5.7% historically, during 2018 to 2022.

- Also of Interest -

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Marine Hyaluronic Acid Market

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