The Global Hyaluronic Acid Market is anticipated to grow at a CAGR of around 8% during 2021-26 owing to its extensive application for various chronic health complications such as arthritis. Further, surge in demand for a healthy lifestyle has increased consumer inclination towards the consumption of hyaluronic acid-based supplements. Additionally, the hyaluronic acid market is majorly driven by the baby boomer segment of the population to alleviate their aging problem.
According to the MarkNtel Advisors’ research report, “The Global Hyaluronic Acid Market Analysis, 2021”. the Global Hyaluronic Acid Market is anticipated to grow at a CAGR of around 8% during 2021-26.
Key questions answered in the study
Dermatology & Cosmetics Segment shows the fastest growth
Based on End-Users, the Dermatology & cosmetics segment is projected to grow at the fastest rate during the forecasted period. The growth of this segment is attributed to the increasing demand for hyaluronic acid-based dermal fillers that are used for corrective measures and anti-ageing procedures. Further, surge in demand for anti-aging products by the Gen-X segment of the population and sustainable cosmetic products by the younger generation would proliferate the growth of hyaluronic acid market in the coming years
“The Global Hyaluronic Acid Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting market growth, hotspots and opportunities available for Hyaluronic Acid providers across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America holds the prominent market share
Based on Region, North-America holds the largest market share in the global Hyaluronic Acid market in 2019. The cosmetic industry of the US is one of the most developed markets because of the availability of wide range of products and increased R&D activities. Therefore, the demand for cosmetic-based hyaluronic acid is maximum in the United State. Further, obesity rate in US is very high therefore, demand for hyaluronic based supplements is high. Thus, this would contribute to proliferate the growth of hyaluronic acid market in the coming years as revealed by MarkNtel Advisors’ research report “The Global Hyaluronic Acid Market Analysis, 2021”.
According to MarkNtel Advisors, the major leading players in the global Hyaluronic Acid market Allergan Plc, Anika Therapeutics Inc, Sanofi, Fidia Farmaceutici, Seikagaku Corporation, Ferring Pharmaceuticals, Contipro Corporation, Kewpie Corporation and others