Global Hyaluronic Acid Market Overview

The Global Hyaluronic Acid market size is estimated to reach $12,502 million by 2026, growing at a CAGR of 7.1% over the forecast period of 2021-2026.

Hyaluronic acid can also be delineated as hyaluronan, and it is an assembly of polysaccharides that is sugar molecules. Hyaluronic acid is produced naturally by the human body in the internal layer of the skin, known as the dermis. It is highly present in high concentration joints and eye fluid, but its production starts condensing after the mid-20s. Therefore, there are a lot of synthetic serums available in the market to replenish the moisture and hydration in the skin.

Moreover, several medications are used to re-up its level to cure joint abnormalities and other medical complications. The hyaluronic acid market outlook is potentially bewitching attributed to colossal demand for beauty products.

In modern-day society, for many people, looks matter a lot, even more than an individual's health. Proliferating the beauty industry and soaring joint problems are a few factors set to drive the growth of the Hyaluronic Acid Market for the period.

Impact of COVID-19:

COVID-19 had a positive impact on the market. Sunbathing is believed can kill the coronavirus. In addition, Sunray is essential in vitamin D metabolism that plays a significant role in the immune system. But as sunbathing affects skin, people were looking for alternatives.

Hyaluronic acid acts as a layer and helps the dermis layer, and it saw a huge demand. HA has been believed to be one of the solutions to improve skin aging, especially to treat wrinkles due to photoaging. HA can also increase skin hydration and has antioxidant effects. These reasons ultimately helped in fueling the demand for the market.

Key Takeaways from Global Hyaluronic Acid Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for Application, Molecular Weight, Distribution Channel, End-user, and by different industries verticals.
• Understand the different market dynamics – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes.
• Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past four years.
• Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

Market Dynamics

Driver:

Shooting up osteoarthritis and eye diseases is Expected to Boost Product Demand.

The number of people inflicted with osteoarthritis proliferates year by year, driving the market. The primary cause of joint abnormalities is old age, smoking, and worsening pollution. It is estimated that the number aging above 60 years will reach 1-2 billion within a few years, which is around 600-700.

Moreover, smoking cigarettes is becoming a trend in teenagers. Approximately 14.1% of people, nearly 7 million people in the UK, smoke.

In contrast, the percentage is 19-20% for the whole world, besides smoking increased screen time causing several eye problems like dryness, redness, blurring of vision, etc. All these factors mentioned above contribute to the growth of the hyaluronic acid market.

Challenge:

Side effects associated with the use of Hyaluronic Acid are Anticipated to Hamper Market Growth.

Even though hyaluronic acid is widely used to overcome several aesthetic and other medical problems, a few side effects associated with its use are anticipated to prevent the market's growth.

Hyaluronic acid induces moisture from deep skin parts to make the outer surface look hydrated and shiny. Therefore, it can worsen nasolabial lines and dryness over time as it is not producing but drawing moisture from within the skin.

By Application, the market for the cosmetics segment to grow at the highest CAGR during the forecast period

During the forecast period, the market for the cosmetics segment is predicted to develop at the fastest rate of XX%. This growth is owing to augmenting possessiveness among people regarding their looks. In addition, the demand for hyaluronic serum has heightened as it is considered an anti-aging formula.

On the other hand, the pharmaceutical segment held the largest share in 2020. The growth is owing to elevating cases of osteoarthritis around the globe. Osteoarthritis is a medical condition in which cartilage, a joint tissue that enables flexible joint movement, diminishes to a deficient level. This condition intensifies with aging. Therefore, as the senior population is broadening, the demand for hyaluronic acid in medication increases.

By Distribution Channel, Online Segment to grow at the highest CAGR during the forecast period

The online segment is predicted to develop at the fastest CAGR during the projection period. This growth is owing to rapid digitalization. Due to the universal network, the smartphone users in India have reached 54% of its entire population.

Additionally, the number is anticipated to get 96% by 2040. On the other hand, the expanding presence of eCommerce platforms like Amazon and Flipkart in urban and pastoral areas of developing nations like India is changing and intensifying consumer buying behavior.

As a result, the offline segment held the largest share in 2020. The growth is due to the far-reaching presence of offline facilities where consumers can make such purchases. According to a report, more than 26,000 drug stores and retail pharmacies are in the US.

Geographical overview:

North America to account for the largest market share during the forecast period.

North America held the largest share of the Hyaluronic Acid market in 2020, with a global market share of 34.7%.

This segment's growth is due to the factors such as high awareness among the general public regarding aesthetics in North American countries like the US and Canada as these countries host one of the best fashion and beauty shows like Victoria secret. Moreover, the procedures like Lip filling and Nasolabial treatment to enhance facial structure are pretty eminent in the US.

The Asia Pacific is set to be the fastest-growing over 2021-2026. This growth is owing to augmentation in size of population aging above 60. Widespread prevalence in cases of osteoarthritis due to old-age and smoking trends. Moreover, the screen time is soaring and setting many eye complications like dryness and irritation in motion.

Key Market Players

Key Players in the Global Hyaluronic Acid Market consist of Merz Pharma, Allergan, Sanofi, Sinclair Pharma, Suneva Medical, BioPlus, Bioxis Pharmaceuticals, Candela Corporation, Zimmer Biomet, and Lifecore Biomedical.

Recent Developments:

On September 14, 2021, France-based multinational corporation Sanofi announced that it had successfully acquired "Translate Bio," a US-based firm that deals with therapies related to mRNA, to expand its expedition in mRNA therapies. The agreement is finalized at $3.2 billion, and shareholders having shares of Translate Bio will receive $38 per share.

Report Coverage and Scope

The report "Global Hyaluronic Acid Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

 By Application

• Cosmetics
• Pharmaceutical
• Nutritional supplements

By Molecular weight

• Low
• Medium
• High

By Distribution Channel

• Online Channels
• Offline Channels

By End-user

• Hospitals
• Dermatology Clinics
• Retail

By Geography

• North America

• Europe
• APAC
• RoW

Chapter 1 Hyaluronic Acid Market Overview

1.1 Product Overview and Scope of Hyaluronic Acid

1.2 Hyaluronic Acid Market Segmentation By Application

1.2.1 Cosmetics

1.2.2 Pharmaceutical

1.2.3 Nutritional supplements

1.3 Hyaluronic Acid Market Segmentation By End User

1.3.1 Hospitals

1.3.2 Dermatology Clinics

1.3.3 Retail

1.4 Hyaluronic Acid Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5 Global Market Size (Value) of Hyaluronic Acid (2015-2027)

Chapter 2 Global Economic Impact on Hyaluronic Acid Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Hyaluronic Acid Market Competition by Manufacturers

3.1 Global Hyaluronic Acid Production and Share by Manufacturers (2021 and 2021)

3.2 Global Hyaluronic Acid Revenue and Share by Manufacturers (2021 and 2021)

3.3 Global Hyaluronic Acid Average Price by Manufacturers (2021 and 2021)

3.4 Manufacturers Hyaluronic Acid Manufacturing Base Distribution, Production Area and Product Type

3.5 Hyaluronic Acid Market Competitive Situation and Trends

3.5.1 Hyaluronic Acid Market Concentration Rate

3.5.2 Hyaluronic Acid Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Hyaluronic Acid Production, Revenue (Value) by Region (2015-2021)

4.1 Global Hyaluronic Acid Production by Region (2015-2021)

4.2 Global Hyaluronic Acid Production Market Share by Region (2015-2021)

4.3 Global Hyaluronic Acid Revenue (Value) and Market Share by Region (2015-2021)

4.4 Global Hyaluronic Acid Production, Revenue, Price and Gross Margin (2015-2021)

4.5 North America Hyaluronic Acid Production, Revenue, Price and Gross Margin (2015-2021)

4.6 Europe Hyaluronic Acid Production, Revenue, Price and Gross Margin (2015-2021)

4.7 China Hyaluronic Acid Production, Revenue, Price and Gross Margin (2015-2021)

4.8 Japan Hyaluronic Acid Production, Revenue, Price and Gross Margin (2015-2021)

4.9 Southeast Asia Hyaluronic Acid Production, Revenue, Price and Gross Margin (2015-2021)

4.10 India Hyaluronic Acid Production, Revenue, Price and Gross Margin (2015-2021)

Chapter 5 Global Hyaluronic Acid Supply (Production), Consumption, Export, Import by Regions (2015-2021)

5.1 Global Hyaluronic Acid Consumption by Regions (2015-2021)

5.2 North America Hyaluronic Acid Production, Consumption, Export, Import by Regions (2015-2021)

5.3 Europe Hyaluronic Acid Production, Consumption, Export, Import by Regions (2015-2021)

5.4 China Hyaluronic Acid Production, Consumption, Export, Import by Regions (2015-2021)

5.5 Japan Hyaluronic Acid Production, Consumption, Export, Import by Regions (2015-2021)

5.6 Southeast Asia Hyaluronic Acid Production, Consumption, Export, Import by Regions (2015-2021)

5.7 India Hyaluronic Acid Production, Consumption, Export, Import by Regions (2015-2021)

Chapter 6 Global Hyaluronic Acid Production, Revenue (Value), Price Trend by Type

6.1 Global Hyaluronic Acid Production and Market Share by Type (2015-2021)

6.2 Global Hyaluronic Acid Revenue and Market Share by Type (2015-2021)

6.3 Global Hyaluronic Acid Price by Type (2015-2021)

6.4 Global Hyaluronic Acid Production Growth by Type (2015-2021)

Chapter 7 Global Hyaluronic Acid Market Analysis by Application

7.1 Global Hyaluronic Acid Consumption and Market Share by Application (2015-2021)

7.2 Global Hyaluronic Acid Consumption Growth Rate by Application (2015-2021)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Hyaluronic Acid Manufacturing Cost Analysis

8.1 Hyaluronic Acid Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labour Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Hyaluronic Acid

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Hyaluronic Acid Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Hyaluronic Acid Major Manufacturers in 2021

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Hyaluronic Acid Market Forecast (2021-2027)

12.1 Global Hyaluronic Acid Production, Revenue Forecast (2021-2027)

12.2 Global Hyaluronic Acid Production, Consumption Forecast by Regions (2021-2027)

12.3 Global Hyaluronic Acid Production Forecast by Type (2021-2027)

12.4 Global Hyaluronic Acid Consumption Forecast by Application (2021-2027)

12.5 Hyaluronic Acid Price Forecast (2021-2027)

Chapter 13 Appendix