Global Hyaluronic Acid

Global Hyaluronic Acid Market Research Report: Forecast (2021-2026)

By Grade (Cosmetic Grade, Pharmaceutical Grade, Food Grade)), By Dosage (Single Dosage, Multi Dosage), By Application (Aesthetics, Osteoarthritis, Pharmaceutical Ingredients, Cosmetics, Dietary Supple Read more

  • Chemicals
  • Jan 2022
  • 201
  • CM10249

Market Definition

Hyaluronic acid helps address issues like joint pain, dry eyes, wrinkles, fine lines, etc., and is most popular among the aging population. This acid can be injected directly into the joints for pain relief to those suffering from osteoarthritis. ?Hyaluronic acid is naturally present in the fluids of the eyes & joints and acts as a lubricant.

Market Insights

The Global Hyaluronic Acid Market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2021-26. The market is driven by the swiftly rising aging population with issues like joint pain, dry eyes, etc., entwined with the growing demand for cosmetic products to treat wrinkles, fine lines, & retain moisture, and others. Additionally, with safer, advanced, & cost-efficient cosmetic procedures, the demand for medical aesthetics is also rising, which, in turn, is fuelling the demand for hyaluronic acid & driving the global market. 

Besides, factors like increasing consumer awareness about these procedures, the enactment of minimally invasive procedures, increasing availability of medical professionals, and the extensive presence of cosmetic clinics providing aesthetic surgeries are also likely to soar the demand for hyaluronic acids & benefit the overall market growth in the coming years.

Moreover, the demand for hyaluronic acid is anticipated to rise also due to its increasing applications as dermal fillers due to the high moisture retention properties, ideal hydration, antioxidants, anti-wrinkles, wound healing, etc.

Report Coverage Details
Study Period Historical Data: 2016-20
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-26) 8%
Regions Covered North America: US, Canada
Europe: Germany, UK, France, Italy, Spain
Asia-Pacific: China, India, Japan, South Korea, Australia
Latin America: Brazil
Middle East & Africa: Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled Allergan Plc, Anika Therapeutics Inc, Sanofi, Fidia Farmaceutici, Seikagaku Corporation, Ferring Pharmaceuticals, Contipro Corporation, Kewpie Corporation, others
Unit Denominations USD Million/Billion

 

Impact of Covid-19 on the Global Hyaluronic Acid Market

The Covid-19 pandemic in 2020 had a decelerating effect on most industries where the Global Hyaluronic Acid Market was no exception. With the imposition of stringent movement restrictions & frequent lockdowns, the market witnessed several challenges like declining product demand & supply chain disruptions, etc., resulting in massive financial losses.

Besides, the cosmetics sector declined significantly, especially during the first two quarters. Yet, with the transformation toward online platforms, the sales for cosmetics rose substantially worldwide. Nonetheless, with swift improvements in the pandemic situation and the gradually reducing cases of the Covid-19, the governments of different countries worldwide uplifted movement restrictions and allowed the recommencement of business operations & transportation. Hence, with these aspects, medical aesthetic clinics are projected to generate remunerative growth opportunities for the leading players in the Global Hyaluronic Acid Market in the coming years.

Global Hyaluronic Acid Market Overview

Market Segmentation

Based on the Grade, the Global Hyaluronic Acid Market segments into:

  • Cosmetic Grade
  • Pharmaceutical Grade
  • Food Grade

Of them all, the Cosmetic Grade dominated the market with the largest share in the recent years & shall prevail the same trend during 2021-26. It owes principally to the properties of Hyaluronic Acid of retaining moisture, reducing fine lines, & enhancing skin quality by reducing flakiness & restoring suppleness, lowering redness & dermatitis, etc. Besides, with the mounting prevalence of skincare products, the demand for Hyaluronic supplements is gaining swift momentum for personal care & thickening the water portion of cosmetics.

On the other hand, Pharmaceutical Grade Hyaluronic Acid is also gaining notable traction worldwide. Its prominent include lubrication & moisturizing, enhancing drug efficiency, dressing wounds, tissue engineering, reducing photo-aging, and healing corneal & conjunctival injuries. Besides, these acids are also used as eye drops, eye lotions, & contactless solutions for repairing damaged membrane or cartilage and addressing joint pain & osteoarthritis.

Based on the Application:

  • Aesthetics
  • Osteoarthritis
  • Pharmaceutical Ingredients
  • Cosmetics
  • Dietary Supplements
  • Ophthalmology

Of them all, Osteoarthritis dominated the market with the largest share during the forecast period. It owes to the rapidly increasing cases of Osteoarthritis, the most common form of arthritis in adults, soaring the demand for Viscosupplementation treatment where medical professionals inject hyaluronic acid into your joint to relieve pain.

Hyaluronic Acid got approved by the US Food & Drug Association (FDA) for the treatment of Osteoarthritis back in 1997, and since then, it has been gaining significant momentum. The treatment of Osteoarthritis is the most convenient in single-dosage and reduces the number of hospital visits, pain, & adverse effects.

Regional Landscape

Geographically, the Global Hyaluronic Acid Market expands across:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Of them all, North America dominated the market with the largest share in the recent years & is anticipated to prevail the same trend during the forecast period. It owes to the region's rapidly increasing geriatric population with more susceptibility to disorders like osteoarthritis, vesicoureteral reflux, & cataracts.

Besides, the mounting awareness & demand for minimally invasive cosmetic surgeries to reduce fine lines & wrinkles, retain moisture in the skin, and personal & skincare, among others, is also boosting the regional market. Talking about the cosmetic application of Hyaluronic acids, the US is amongst the most mature country in the regional market, especially when it comes to innovations & product availability. It is anticipated to observe an increasing demand for hyaluronic acid in the coming years, mainly from the anti-aging sector. GenX consumers in the UAS are increasingly seeking ageless products as a reliable option for long-term use.

On the other hand, the Asia-Pacific region is anticipated to observe the fastest market growth during the forecast period. It owes to the massive consumer base for anti-aging products, especially across countries like China, South Korea, & Japan, coupled with increasing demand to meet medical needs & address issues like joint pain, dry eyes, etc. Moreover, with the increasing inclination toward adopting western beauty culture & volumize appearance, the leading market players across the Asia-Pacific are likely to observe immense growth opportunities in the years to come.

Besides, Europe is projected to demonstrate substantial market growth during 2021-26, principally due to the swiftly expanding cosmetic industry across the region, especially in countries like France, Germany, & the UK. Besides, many European nations are actively investing in several research & development activities on hyaluronic acid across pharmaceutical industries.

Furthermore, the market across Latin America is anticipated to observe significant growth owing to the increasing aging population & massive funding by countries like Chile, Peru, & Colombia on the healthcare sector.

Nonetheless, the Middle East & Africa has a high prevalence of diseases & a growing aging population entwined with the proliferation of health insurance. It is boosting the region's healthcare sector and, as a result, driving the overall market.

Recent Developments by Leading Companies

  • In February 2021, Contirpo Corporation announced an anti-aging & anti-acne treatment cream with Sodium Retinoyl Hyaluronate, 'HyRetin.'
  • In January 2020, Anika Therapeutics acquired Parcus Medical & Arthrosurface (a private provider for joint surface & preservation solutions) to expand its product portfolio to replacement & regenerative therapies for joint preservation & restoration.
  • In December 2019, Anika Therapeutics introduced their first hyaluronic acid-based therapy called Tactoset for bone defects caused by trauma or degeneration.
  • The same year, in September, market leader Allergan Plc. received approval from the FDA for Juvederm Voluma XC with TSK SteriGlide cannula for cheek augmentation.

Market Dynamics:

Key Driver: New Product Launches with Lower Risk of Allergies

With constant technological advancements in the development of Hyaluronic Acid for better application across different verticals, the market is observing a significant expansion over the past few years. Its application in wrinkle correction, treatment of fine lines, and others have displayed lucrative growth opportunities for the leading market players. Besides, several hyaluronic acid fillers getting approvals from the FDA for wrinkle & fine line correction is another prominent aspect expected to drive the market during 2021-26. 

Possible Restraint: Extensive Presence of Alternatives to Hyaluronic Acid

With the availability of hyaluronic acid substitutes like rose oil, tamarind extract, glycerine, & senna plants, among others, available in the market, its demand might observe a decline in the cosmetic application. 

Growth Opportunity: Increasing Number of Initiatives for Research & Developments in Hyaluronic Acid

Researchers worldwide are actively seeking ways to expand the application of Hyaluronic acid across different verticals. Besides, since the acid & its derivatives can be used both alone & in combination to develop nanoparticles, pro-drugs, micro-particles, & other drug carriers, researchers are keen to discover more. Hence, this shall create significant growth opportunities for the Hyaluronic Acid market during 2021-26.

Competitive Landscape

According to MarkNtel Advisors, the major leading players in the Global Hyaluronic Acid Market are Allergan Plc, Anika Therapeutics Inc, Sanofi, Fidia Farmaceutici, Seikagaku Corporation, Ferring Pharmaceuticals, Contipro Corporation, Kewpie Corporation, etc.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Hyaluronic Acid Market?
  2. What is the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Hyaluronic Acid market?
  4. Who are the key competitors, their key strengths &weaknesses, and how do they perform in the Global Hyaluronic Acid Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Hyaluronic Acid Market study?

Market Outlook, Segmentation and Statistics 

  • Impact of COVID-19 on Global Hyaluronic Acid Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Grade
      • Cosmetic Grade
      • Pharmaceutical Grade
      • Food Grade
    • By Dosage
      • Single Dosage
      • Multi Dosage
    • By Application
      • Aesthetics
      • Osteoarthritis
      • Pharmaceutical Ingredients
      • Cosmetics
      • Dietary Supplements
      • Ophthalmology
    • By End-User
      • Pharmaceutical
      • Dermatology & Cosmetics
      • Personal Care
      • Food
    • By Product
      • Hyaluronic Acid Injection
      • Hyaluronic Acid Sodium
    • By Region
      • North America
      • Latin America
      • Europe
      • Middle East & Africa
      • Asia-Pacific
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Metrix
  • Global Hyaluronic Acid Market Hotspots & Opportunities
  • Global Hyaluronic Acid Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The Global Hyaluronic Acid Market is projected to grow at a CAGR of around 8% during 2021-26.

A. Osteoarthritis is anticipated to emerge as an area of remunerative growth opportunities for the leading players in the Global Hyaluronic Acid Market during 2021-26.

A. Constant technological advancements in the development of Hyaluronic Acid for applications across different verticals like cosmetics for wrinkle correction, treatment of fine lines, and other cosmetic applications are anticipated to drive the market through 2026.

A. With the upliftment of restrictions & recommencement of business operations & transportation of materials, the Global Hyaluronic Acid Market is swiftly regaining its usual pace & recovering from financial losses. Besides, several medical aesthetic clinics are projected to generate lucrative growth opportunities for the leading market players in the coming years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Hyaluronic Acid Market
  5. Global Hyaluronic Acid Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  6. Global Hyaluronic Acid Market Policies and Product Standards
  7. Global Hyaluronic Acid Market Trends & Insights
  8. Global Hyaluronic Acid Market Hotspot & Opportunities
  9. Global Hyaluronic Acid Market Key Strategic Imperatives for Success & Growth
  10. Global Hyaluronic Acid Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Grade
        1. Cosmetic Grade
        2. Pharmaceutical Grade
        3. Food Grade
      2. By Dosage
        1. Single Dosage
        2. Multi Dosage
      3. By Application
        1. Aesthetics
        2. Osteoarthritis
        3. Pharmaceutical Ingredients
        4. Cosmetics
        5. Dietary Supplements
        6. Ophthalmology
      4. By End-User
        1. Pharmaceutical Industry
        2. Dermatology & Cosmetics
        3. Personal Care
        4. Food
      5. By Product
        1. Hyaluronic Acid Injection
        2. Hyaluronic Acid Sodium
      6. By Region
        1. North America
        2. Latin America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      7. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  11. North America Hyaluronic Acid Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Grade
      2. By Dosage
      3. By Application
      4. By End-User
      5. By Product
      6. By Country
        1. The US
        2. Canada
    3. The US Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
    4. Canada Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
  12. Latin America Hyaluronic Acid Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Grade
      2. By Dosage
      3. By Application
      4. By End-User
      5. By Product
      6. By Country
        1. Brazil
        2. Mexico
    3. Brazil Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
    4. Mexico Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
  13. Europe Hyaluronic Acid Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Grade
      2. By Dosage
      3. By Application
      4. By End-User
      5. By Product
      6. By Country
        1. The UK
        2. Italy
        3. Germany
        4. France
        5. Spain
        6. Others
    3. The UK Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
    4. Italy Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
    5. Germany Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
    6. France Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
    7. Spain Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
  14. Middle East & Africa Hyaluronic Acid Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Grade
      2. By Dosage
      3. By Application
      4. By End-User
      5. By Product
      6. By Country
        1. Saudi Arabia
        2. South Africa
        3. Rest of the Middle East & Africa
    3. Saudi Arabia Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
    4. South Africa Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
  15. Asia-Pacific Hyaluronic Acid Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Grade
      2. By Dosage
      3. By Application
      4. By End-User
      5. By Product
      6. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Others
    3. China Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
    4. Japan Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
    5. India Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Dosage
        2. By Application
        3. By End-User
        4. By Product
    6. South Korea Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
    7. Australia Hyaluronic Acid Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grade
        2. By Dosage
        3. By Application
        4. By End-User
        5. By Product
  16. Competition Outlook
    1. Competition Matrix
      1. Product/ Solution Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Allergan Plc
      2. Anika Therapeutics Inc
      3. Sanofi
      4. Fidia Farmaceutici
      5. Seikagaku Corporation
      6. Ferring Pharmaceuticals
      7. Contipro Corporation
      8. Kewpie Corporation
  17. Disclaimer
Global Hyaluronic Acid Market Segmentation