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Global Hyaluronic Acid Market Research Report: Forecast (2023-2028)

By Grade (Cosmetic Grade, Pharmaceutical Grade, Food Grade), By Application (Aesthetics, Osteoarthritis, Pharmaceutical API, Cosmetics, Ophthalmology, Other), By End-User (Pharmaceutical Industry, Per Read more

  • Chemicals
  • Jul 2023
  • 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 & Analysis: Global Hyaluronic Acid Market (2023-28)

The Global Hyaluronic Acid Market is anticipated to grow at a CAGR of around 8% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the swiftly increasing 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, among others. Besides, with safer, advanced, & cost-efficient cosmetic procedures, the demand for medical aesthetics is also rising, which, in turn, is amplifying the demand for hyaluronic acid.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 8%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled Allergan Plc, Anika Therapeutics Inc, Sanofi, Fidia Farmaceutici, Seikagaku Corporation, Virchow Biotech, Contipro Corporation, Kewpie Corporation, Salix Pharmacueticals, Galderma Laboratories L.P., Zimmer Biomet, Smith & Nephew PLC, HTL Biotechnology, Bloomage Biotechnology Corporation Limited, Hoffmann La Roche Ltd., Others
Unit Denominations USD Million/Billion

 

In addition, the increasing consumer awareness of these procedures, the enactment of minimally invasive procedures, growing availability of medical professionals, and the extensive presence of cosmetic clinics providing aesthetic surgeries are also augmenting the demand for hyaluronic acids and benefiting the overall market growth. Moreover, its increasing application in dermal fillers due to its high moisture retention properties, ideal hydration, antioxidants, anti-wrinkles, wound healing, etc., is another prominent aspect projected to spur growth in the global hyaluronic acid market in the coming years.

Global Hyaluronic Acid Market Driver:

New Product Launches with Lower Risk of Allergies: With constant technological advancements in 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 players operating in the industry. Besides, several hyaluronic acid fillers are getting approvals from the FDA for wrinkle & fine line correction, i.e., another prominent aspect expected to drive the Global Hyaluronic Acid Market through 2028.

Global Hyaluronic Acid Market Research Report: Forecast (2023-2028)

Global Hyaluronic Acid Market Growth Restraint:

The Extensive Availability of Alternative Treatment Options: Hyaluronic acid is commonly used in dermal fillers for aesthetic procedures to reduce the appearance of wrinkles & fine lines. However, several alternative dermal filler products are available in the market that utilize different substances like collagen or calcium hydroxyapatite and thus compete with hyaluronic acid-based fillers. Hence, the massive availability of multiple options for aesthetic procedures is creating competition within the global hyaluronic acid market and impacting its growth potential.

Global Hyaluronic Acid Market (2023-28): Segmentation Analysis

The Global Hyaluronic Acid Market study from MarkNtel Advisors analyzes the major trends in each sub-segment and includes predictions for the period 2023–28 at the global, regional, and national levels. The market has been segmented in our analysis based on grade & application.

Based on Grade:

  • Cosmetic Grade
  • Pharmaceutical Grade
  • Food Grade

Of these three, the cosmetic grade dominated the Global Hyaluronic Acid Market with the largest share in recent years and the same trend is likely during 2023-28. 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 Application:

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

Here, Osteoarthritis dominated the market with the largest share during the forecast period. It owes to the rapidly increasing cases of Osteoarthritis, a type of degenerative joint disease caused by wear & tear on the joints over time and the most common form of arthritis in adults, soaring the demand for Viscosupplementation treatment where medical professionals inject hyaluronic acid into the joint to relieve pain. Hyaluronic Acid got approval from the US Food & Drug Association (FDA) for the treatment of Osteoarthritis back in 1997, and since it is the most convenient in single-dosage and reduces the number of hospital visits, pain, & adverse effects, it has been gaining significant momentum.

Hence, in view of the rising number of patients with osteoporosis & rheumatoid arthritis, manufacturers are actively working on creating hyaluronic acid-based supplements & injectables, thereby driving the market.

Global Hyaluronic Acid Market Regional Projection:

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

Of all regions globally, North America is projected to dominate the Hyaluronic Acid Market with the largest share during 2023-28. 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.

Considering the cosmetic application of Hyaluronic acids, the US is amongst the most mature markets in the region, 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, Asia-Pacific is likely to observe the fastest market growth during the forecast period. It owes to the massive consumer base for anti-aging products, especially in countries like China, South Korea, & Japan, coupled with the ever-increasing demand to meet medical needs and address issues like joint pain, dry eyes, etc. Moreover, with the increasing inclination toward Western beauty culture & volumized appearance, the leading players in Asia-Pacific are observing immense growth opportunities and, in turn, fueling the regional market growth.

Global Hyaluronic Acid Industry Recent Developments:

  • On 29 March 2023, Bloomage Biotech presented a nourishing anti-frizz repairing hairspray with key ingredients, Hyanutra™-RH & Bioecto™ Ectoine, which nourish hair from the core, repair damage, and protect against whiskers soothing the scalp.
  • On 20 March 2023, Givaudan Active Beauty launched PrimalHyal™ Hydra[+], a new cationic hyaluronic acid (HA) crafted by white biotechnology. This unique cosmetic active outperforms standard HA hydration benefits by at least a factor of 2, bringing never-before-seen moisturizing efficacy to both rinse-off & leave-on applications.
  • On 23 February 2023, HTL Biotechnology announced the opening of its new chemistry facility at the site in France for manufacturing functionalized Hyaluronic Acid to meet the rising demand of their customers in our CDMO business.

Gain a Competitive Edge with Our Global Hyaluronic Acid Market Report

  1. Global Hyaluronic Acid Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. Global Hyaluronic Acid Market report aids in assessing and mitigating risks associated with entering or operating in the market.
  4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.

Frequently Asked Questions

A. The Hyaluronic Acid Market is forecast to grow at a CAGR of around 5.3% during 2023-28

A. What is the most prominent growth driver for the Hyaluronic Acid Market through 2028?

A. Allergan Plc, Anika Therapeutics Inc, Sanofi, Fidia Farmaceutici, Seikagaku Corporation, Ferring Pharmaceuticals, Contipro Corporation, Hoffmann La Roche Ltd., Bloomage Biotechnology Corporation Limited, HTL Biotechnology, Smith & Nephew PLC, Zimmer Biomet, Galderma Laboratories, LP, Salix Pharmaceuticals, Virchow Biotech, and Kewpie Corporation are the key players operating in the Hyaluronic Acid Market.

A. The wide availability of alternate derma fillers is the major growth restraint for the Hyaluronic Acid Market.

A. Osteoarthritis would create lucrative prospects for the leading participants in the Hyaluronic Acid Market through 2028.

A. North America would continue providing profitable opportunities to the Hyaluronic Acid Market over the forecast years.

Global Hyaluronic Acid Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Hyaluronic Acid Market Regulations and Policy
  5. Global Hyaluronic Acid Market Trends & Developments
  6. Global Hyaluronic Acid Market Supply Chain Analysis
  7. Global Hyaluronic Acid Market Dynamics
    1. Drivers
    2. Challenges
  8. Global Hyaluronic Acid Market Hotspot & Opportunities
  9. Global Hyaluronic Acid Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application
        1. Aesthetics - Market Size & Forecast 2018-2028, (USD Million)
        2. Osteoarthritis - Market Size & Forecast 2018-2028, (USD Million)
        3. Pharmaceutical API- Market Size & Forecast 2018-2028, (USD Million)
        4. Cosmetics- Market Size & Forecast 2018-2028, (USD Million)
        5. Ophthalmology- Market Size & Forecast 2018-2028, (USD Million)
        6. Others- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User
        1. Pharmaceutical Industry- Market Size & Forecast 2018-2028, (USD Million)
        2. Personal Care- Market Size & Forecast 2018-2028, (USD Million)
        3. Others- Market Size & Forecast 2018-2028, (USD Million)
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia-Pacific
        5. The Middle East and Africa
      4. By Company
        1. Market Share
        2. Competition Characteristics
  10. North America Hyaluronic Acid Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
      3. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    4. Canada Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    5. Mexico Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
  11. South America Hyaluronic Acid Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
      3. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    4. Argentina Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
  12. Europe Hyaluronic Acid Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    4. The UK Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    5. France Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    6. Italy Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    7. Spain Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
  13. Asia-Pacific Hyaluronic Acid Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
      3. By Country
        1. China
        2. Japan
        3. Australia
        4. India
        5. South Korea
        6. Rest of Asia Pacific
    3. China Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    4. Japan Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    5. Australia Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    6. India Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    7. South Korea Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
  14. The Middle East and Africa Hyaluronic Acid Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
      3. By Country
        1. South Africa
        2. The UAE
        3. Saudi Arabia
        4. Rest of Middle East and Africa
    3. South Africa Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    4. The UAE Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    5. Saudi Arabia Hyaluronic Acid Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
  15. Competitive Outlook
    1. Company Profiles 
      1.  Allergan Plc
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Anika Therapeutics Inc
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3.  Sanofi
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Fidia Farmaceutici
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Seikagaku Corporation
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Virchow Biotech
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Contipro Corporation
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Kewpie Corporation
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Salix Pharmacueticals
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Galderma Laboratories L.P.
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Zimmer Biomet
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Smith & Nephew PLC
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. HTL Biotechnology
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Bloomage Biotechnology Corporation Limited
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Hoffmann La Roche Ltd.
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
        1. Business Description
        2. Grade Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
  16. Disclaimer
Hyaluronic Acid Market Segmentation