Marine Hyaluronic Ingredients Market

Marine Hyaluronic Ingredients Market Outlook (2023 to 2033)

Expanding at a CAGR of 7.0%, the global marine hyaluronic ingredients market is projected to increase from a valuation of US$ 1,795.8 million in 2023 to US$ 3,533.7 million by 2033.

Key Trends Listed by Fact.MR :

• The market is increasing due to the rising demand for natural and sustainable marine-derived ingredients.
• Increasing demand for marine-derived hyaluronic acid in skincare and anti-aging products escalating the demand.
• Exploration of novel marine sources of hyaluronic acids, such as deep-sea fish and algae creating new opportunities for manufacturers.
• Improved techniques for extracting and purifying marine hyaluronic acid filling the demand and supply gap.
• The development of low molecular weight marine hyaluronic acid helping manufacturers to try new formulations.
• Expansion of marine hyaluronic acid usage beyond skin care, such as wound healing and medical applications driving the market ahead.

In recent years, hyaluronic ingredients have gained popularity in skincare and cosmetic applications owing to their ability to hold moisture and water within skin layers. Many studies claim that hyaluronic acid is naturally present in the human body.

Owing to increasing demand for eco-friendly and animal cruelty-free ingredients in the cosmetic industry manufacturers started searching for alternative sources to extract ingredients.

Personal care manufacturers considered Jellyfish a viable alternative to extracting hyaluronic ingredients as it is found a marine nuisance owing to their ability to produce toxins and feed on young fish. Additionally, United Nations Food and Agriculture Organisation (UNFAO) also urged the cosmetics industry to use jellyfish in various applications.

Besides its application in the cosmetic industry, it is finding a novel application as a therapeutic agent to target the CD44 receptor which is found in tumor cells, enabling selective drug delivery for cancer treatments and diagnostics.

Furthermore, key players such as Archer Daniels Midland Company and Cargill, Inc. are constantly engaging in improving extraction technology in order to yield maximum and reduce wastage.

For instance, these companies have incorporated green technologies such as ultrasound-assisted extraction and supercritical fluid extraction (SFC) as an interesting alternative to traditional methods.

It is used for the valorization of seafood and by-products that helps in preserving and even improving the quality and extraction efficiency, as well as minimizes functional property losses of bioactive compounds extracted from marine by-products.

Attributes	Key Insights
Estimated Global Marine Hyaluronic Ingredients Market Size (2023E)	US$ 1,795.8 million
Projected Marine Hyaluronic Ingredients Market Value (2033F)	US$ 3,533.7 million
Value-based CAGR (2023 to 2033)	7.0%
Top 3 Countrie’s Value	US$ 2,981.6 million

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

According to a recent study by Fact.MR, the hyaluronic ingredients market grew at a CAGR of 6.5% from 2018-2022 while expecting a growth rate of 7.0% during the forecast period.

According to a McKinsey report, the beauty and personal care market (skin care, medical and hair care) was valued at US$ 430 billion by 2022 and this number is expected to rise due to rising demand over the forecast period

Additionally, it has been observed that the cosmetics industry is booming due to the availability of various alternatives and continuous innovation in existing products.

This has resulted in new players entering the market to meet the ever-increasing demand for cosmetic remedies which is driving the marine hyaluronic ingredient market.

East Asian countries, especially Japan and South Korea, lead the way in innovation for a wide range of industries including skincare and cosmetics. Key players present in these countries are extracting hyaluronic ingredients from marine life as it is available in abundance in their coastal waters.

Adjacent Markets Overview :

Fish Collagen Market :

Attributes	Fish Collagen Market
CAGR (2023 to 2033)	4.3%
Market Value (2033)	US$ 1.9 billion
Growth Factor	Global fish collagen market continues to grow as a result of a surge in osteoarthritis, joint discomfort, and osteoporosis cases, and a higher risk of infections such as the influenza virus.
Opportunity	Growing health-related issues and medical have increased and given the opportunity to manufacturers to produce fish collagen in the pharmaceutical industry.
Key Trends	Consumer awareness of the health benefits of fish collagen is growing, as is the demand for nutraceuticals and dietary supplements.

Fish Protein Market :

Attributes	Fish Protein Market
CAGR (2023 to 2033)	11.6%
Market Value (2033)	US$ 2.0 billion
Growth Factor	Fish protein is considered a low-cost base protein ingredient due to which its demand rising in dietary supplements along with increased awareness about health benefits propelling the growth.
Opportunity	Growing consumer knowledge of the health benefits of fish protein, and omega-3 fatty acids, present a market expansion opportunity.
Key Trends	The growing consumer demand for protein-rich and sustainable dietary options is propelling the fish protein market forward.

Krill Oil Market :

Attributes	Krill Oil Market
CAGR (2023 to 2033)	10.5%
Market Value (2033)	US$ 2.7 billion
Growth Factor	Growing awareness of the health advantages of omega-3 fatty acids, as well as rising demand for dietary supplements, are propelling the krill oil market forward.
Opportunity	The expansion of the nutraceutical and functional food industries, together with increased consumer demand is creating considerable prospects for the krill oil market.
Key Trends	Increasing research and development activities aimed at improving extraction and purification procedures, as well as the development of novel product formulations.

Country-wise Insights :

North America - CAGR

Country	CAGR (%)
United States	7.5%

Europe - CAGR

Country	CAGR (%)
United Kingdom	5.5%

Asia Pacific - CAGR

Country	CAGR (%)
China	9.5%
India	10.8%
Japan	8.0%

North America - Market Value (2033)

Country	Market Value (2033)
United States	US$ 894.0 million

Europe - Market Value (2033)

Country	Market Value (2033)
United Kingdom	US$ 318.0 million

Asia Pacific - Market Value (2033)

Country	Market Value (2033)
China	US$ 1,123.7 million
India	US$ 434.6 million
Japan	US$ 964.7 million

How are The Sales of Marine Hyaluronic Ingredients Shaping in China’s Market?

Growth In the Aesthetic Medicine Procedures Driving Marine Hyaluronic Ingredients in China

As per Fact.MR, China’s marine hyaluronic ingredients market is expected to reach a valuation of around US$ 1,123.7 million by 2033 registering a growth rate of 9.5% in 2033.

China has experienced an increase in medical aesthetic procedures along with dermal fillers and facial rejuvenation treatments.

Deloitte China Life Sciences & Health Care (LSHC) Team and Meituan released the China Aesthetic Medicine Market Outlook report which indicated the growth rate of the Chinese aesthetic medicine market outpacing the worldwide market.

From 2015 to 2019, the global aesthetic medicine market increased steadily, with a CAGR of 8.2% whereas China's market rose 28.7% year on year, from RMB 64.8 billion in 2015 to RMB 176.9 billion in 2019.

Furthermore, there were 19 financing events in 2018, raising RMB 2.2 billion which is impacting positively and driving the cosmetic industry and pushing the sales of marine hyaluronic ingredients in the country.

What Are the Factors Driving the United States in Marine Hyaluronic Ingredients?

Expanding The Nutraceutical and Pharmaceutical Industry Creating Market for Marine Hyaluronic Ingredients

The marine hyaluronic ingredients market in the United States is anticipated to grow at 7.5% CAGR to cross a valuation of US$ 897.0 million during the forecast period.

According to a study by National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), 24% of all adults, or 58.5 million people in the United States have arthritis.

It is a leading job disability along with increasing yearly medical expenses and lost earnings totaling US$ 303.5 billion.

Such rising incidences contributed to the expansion of the nutraceutical and pharmaceutical industries in the country and encouraged manufacturers to discover novel ingredients to support various health concerns.

For instance, hyaluronic acid is naturally present in the joints of the body which acts as a shock absorber. Therefore, there has been an increase in manufacturers’ interest to incorporate hyaluronic ingredients in the supplements to support joint health.

What is the Demand Outlook for the Marine Hyaluronic Ingredients in Indian Market?

Increase Westernizations influencing Indian consumers to consider Marine Hyaluronic Ingredients and value-based products

The demand for marine hyaluronic products in India is expected to grow at a steady CAGR of 10.2% during the forecast period 2023 to 2033.

Western beauty trends and practices are rapidly catching up with Indian consumers. Hyaluronic acid’s popularity in skin care products in the Western market has spread to the Indian market.

Furthermore, international beauty brands, social media, and beauty influencers have increased the awareness and understanding of hyaluronic acid in skincare products, thereby increasing the demand for Hyaluronic Ingredients based products.

Category-wise Insights :

Which Source Is Expected to Gain Traction Throughout the Forecast Period?

Fish Being Studied and Researched Is Considered a Safe Source of Hyaluronic Ingredients

According to Fact.MR, fish is expected to gain prominence as a source of marine hyaluronic ingredients and is projected to hold a market share of 34.0% the during forecast period.

Fish-derived hyaluronic ingredients are researched extensively and found safe due to which they received regulatory approval to use in various end-use applications such as nutraceuticals, pharmaceuticals, and cosmetics.

On the other hand, seaweed-derived hyaluronic ingredients need more study and regulatory approval to use similarly their incorporation in application also depends on the specific seaweed source and extraction methods.

Which Is the Highly Demanded Type of Marine Hyaluronic Ingredients Worldwide?

Demand For LMW-HA Due to Deep Penetration and Longer-Lasting Effects.

Fact.MR analysis indicates that the low molecular weight segment is expected to achieve a market share of 45.0% during the assessment period, resulting in a market size of US$ 1,590.1 million by 2033.

The molecular weight of hyaluronic acid ranges from 4000 to 8,000,000 Daltons. The effect on the skin varies based on the molecular weight. As a result, low molecular weight hyaluronic acid (LMW-HA) easily absorbs and enters the deepest layers of the skin.

On the other hand, it remains closer to the surface of the human skin as the molecule grows larger and its molecular weight increases.

According to studies, the obvious improvements are seen with high molecular weight hyaluronic acid (HMW-HA), although the result is visible for a shorter life period and the effects are easily removed with a simple face wash.

Therefore, the low molecular weight of hyaluronic ingredients is finding more demand in various industries.

Which Application Would be the Leading Contributor to Marine Hyaluronic Ingredients Market Expansion?

Marine Hyaluronic Ingredients Applications in Cosmetic Are Studied and Researched More

According to Fact.MR, the cosmetics segment covers 56% of the market share and is anticipated to reach a market valuation of US$ 1943.5 million by the end of 2033.

The eco-conscious consumer base increasingly favors sustainable and cruelty-free cosmetic options, driving the demand for marine-based ingredients.

Marine hyaluronic ingredients are derived from marine sources, such as algae or seaweed, making them a sustainable opportunity to traditional hyaluronic acid derived from animal resources.

While marine hyaluronic ingredients do offer certain health benefits however their applications in nutraceuticals are limited as there are other more studied and researched ingredients that provide more specific nutritional benefits.

Competitive Landscape :

The competitive landscape for marine hyaluronic components is broad and dynamic. Leading companies specializing in various disciplines are working on research and development, sustainable sourcing, and novel formulations to serve industries such as food and beverages, cosmetics, pharmaceuticals, and supplements.

These businesses place an emphasis on environmentally friendly practices, product certifications, and meeting the growing demand for natural and sustainable products. Furthermore, it strives to maintain its market position and capitalize on rising demand by emphasizing quality, innovation, and matching customer preferences.

For instance :

• In 2022, China's hyaluronic acid key player, Freda, responsible for the large-scale manufacturing of hyaluronic acid raw materials, as well as its usage in food, medicine, cosmetics, and other industries.
• In 2021, Bloomage Biotech launched HYAPETTM, a food-grade Hyaluronic Acid that is specifically formulated for pet nutrition and can be used in pet diets and supplements.
• In 2022, Ordinary, a Canadian skincare brand launched its first marine hyaluronic acid serum to fight skin unevenness.

Scope of the Report :

Attribute	Details
Market Size Value in 2023	US$ 1,795.8 million
Market Forecast Value in 2033	US$ 3,533.7 million
Anticipated Growth Rate (2023 to 2033)	7.0% CAGR
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Volume (MT) Value (US$ Million)
Key Regions Covered	Latin America Europe South Asia North America East Asia Oceania Middle East & Africa
Key Countries Covered	United States Mexico Canada Chile Brazil Peru Argentina France Germany Spain Italy Netherlands United Kingdom Nordic Belgium Russia Poland Japan South Korea China India Thailand Malaysia Indonesia Singapore Australia New Zealand GCC Countries South Africa Central Africa Others
Key Market Segments Covered	Source Type Form Application Region
Key Companies Profiled	Bloomage Freda Biopharm Co. Ltd. Corbion N.V. CP Kelco U.S., Inc. FMC Corporation Gelymar S.A. HA TONG SANGROK Co., Ltd. Hugestone Enterprise Co. Ltd. Kewpie Corporation Novozymes A/S Qingdao Allforlong Bio-Tech Co. Ltd. Seagarden AS Shandong Yibao Biologics Co. Ltd. Shiseido Co. Ltd. Wuhan Microsen Technology Co. Ltd.

Marine Hyaluronic Ingredients Market by Category :

• By Source :

  • Fish
  • Seaweeds
  • Others

• By Type :

  • Low Molecular Weight
  • High Molecular Weight

• By Form :

  • Powder
  • Liquid

• By Application :

  • Cosmetics
  • Nutraceuticals
  • Pharmaceuticals

• By Region :

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