Hyaluronic Acid Market Research – 2030
The hyaluronic acid market size was valued at $1.0 billion in 2020, and is projected to reach $2.1 billion by 2030, growing at a CAGR of 8.1% from 2021 to 2030.
Hyaluronic acid is a naturally occurring substance found in the human body cells. Hyaluronic acid is found in the highest concentration in the eye and joint fluids. In the joints and other tissues, it acts as a cushion and lubricant. Its moisturizing properties make it popular in cosmetics and the pharmaceutical business. It's also utilized in surgeries. It is also injected directly into the body to give the skin hydration and plumpness. For cataract surgery, an eye surgeon injects hyaluronic acid into the eye. Mouth sores can also be treated with hyaluronic acid gel and rinse.
The rise in demand for hyaluronic acid in the cosmetic and pharmaceutical industries significantly drives the growth of the hyaluronic acid market. In cosmetics, hyaluronic acid is prized for its hydrating properties, making it a key ingredient in anti-aging creams, serums, and moisturizers, as consumers increasingly seek effective skincare solutions. In the pharmaceutical sector, its applications extend to joint health treatments and ophthalmic surgeries, where it is used for its lubricating and cushioning properties. According to the India Brand Equity Foundation, the Indian pharmaceuticals industry is projected to grow to $ 65 billion by 2024, around $ 130 billion by 2030, and $ 450 billion by 2047. This demand across industries is fueled by an overall increase in health consciousness and aesthetic preferences, positioning hyaluronic acid as a versatile and essential component in various products.
The availability of alternative ingredients restrains the growth of the hyaluronic acid market, as consumers and manufacturers explore other options for similar benefits, which are often more affordable or accessible. Substitutes such as glycerin, collagen, and synthetic moisturizers offer comparable hydration and anti-aging properties at lower costs. Moreover, natural ingredients such as aloe vera and peptides have become popular in skincare and cosmetics, attracting consumers seeking organic or plant-based alternatives. The competition from these ingredients challenges the demand for hyaluronic acid, particularly in cost-sensitive markets, limiting its widespread adoption and growth despite its well-known benefits in skin care and medical applications.
Innovations in hyaluronic acid-based drug delivery systems present a significant opportunity for the hyaluronic acid market, as researchers explore its potential to enhance the efficacy of therapeutics. Owing to its biocompatibility and ability to encapsulate drugs, hyaluronic acid is utilized to create targeted delivery mechanisms for a variety of medical applications, including cancer treatment, wound healing, and regenerative medicine. These advancements enable controlled release of drugs, improving patient outcomes while minimizing side effects. As the demand for effective and patient-friendly drug delivery methods grows, the integration of hyaluronic acid in these systems positions it as a crucial player in the pharmaceutical industry.
Segment Overview
The market is segmented on the basis of end-use industry, and region. By end-use industry, the market is divided into cosmetic industry, pharmaceutical industry, and nutraceutical industry. Region-wise, the hyaluronic acid market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competitive Analysis
The hyaluronic acid market analysis covers in-depth information of the major industry participants. Some of the major players in the market include Contipro a.s. (Contipro), Landec Corporation (Landec), Anmol Chemicals Group (Anmol Chemicals), Kewpie Corporation (Kewpie), Shandong Topscience Biotech Co., Ltd. (Shandong Topscience), Liuzhou Shengqiang Biotech Co.,Ltd., (Shengqiang Biotech), Shijiazhuang lateen chemical co., ltd. (Lateen chemical), Shandong Focuschem Biotech Co., Ltd. (Focuschem Biotech), Tiansheng Bio (TS-Bio), and Kikkoman Biochemifa Company (Kikkoman Biochemifa).
Other players in the hyaluronic acid market include Allergan, Inc. (Allergan), Salix Pharmaceuticals (Salix), Sanofi, Anika Therapeutics (Anika), Smith and Nephew Plc., (Smith and Nephew), Shiseido, and others.
Hyaluronic Acid Market, By End-Use Industry
By end-use industry, the cosmetic industry segment garnered market share of 32.6% in 2020, in terms of revenue and expected to grow at a CAGR of 7.4% during the forecast period. Rising fashion industry led to increase in the skin care products, which in turn fueled the demand for hyaluronic acid and acts as the major driving factor for the market during the forecast period. In addition, rapid expansion of cities led to increase in the salons, which also led to increase in demand for hyaluronic acid-based products.
By End-use Industry
Pharmaceutical Industry is projected as the most lucrative segment.
Hyaluronic Acid Market, By Region
Region-wise, hyaluronic acid market in Asia-Pacific is expected to grow at a CAGR of 6.3%, in terms of volume during the forecast period. China and India are expected to serve as the top investment countries in the market, during the forecast period. This is attributed to presence of rising consumer base such as cosmetic industry, pharmaceutical, and nutraceutical industry. In addition, the region also comprises major industrial participants especially in China. Furthermore, the major competitive advantage of Chinese hyaluronic acid companies is its cheap cost. Moreover, there were some significant developments with respect to the hyaluronic acid-based fillers in Asia-Pacific in 2020 and 2021. For instance, LG Chem expands its presence in Japan and China with bio products. The company has been expanding its presence in Japan and China with its hyaluronic acid filler in order to enhance its presence in the high-end filler market.
By Region
Asia-Pacific holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
Key benefits for stakeholders
The report outlines the current hyaluronic acid market trends and future scenario of the market from 2021 to 2030 to understand the prevailing opportunities and potential investment pockets.
The hyaluronic acid market size is provided in terms of revenue and volume.
The report provides an in-depth analysis of the market along with the current and future market trends.
This report highlights the key drivers, hyaluronic acid market opportunities, and restraints of the market along with impact analysis during the forecast period.
Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the hyaluronic acid industry for strategy building.
The study provides a comprehensive analysis of the factors that drive and restrain the hyaluronic acid market growth.
Hyaluronic Acid Market Report Highlights
| Aspects | Details |
 By END-USE INDUSTRY |
|
 By Region |
|
 Key Market Players | Tiansheng Bio, SHANDONG TOPSCIENCE BIOTECH CO., LTD., Liuzhou Shengqiang Biotech Co.,Ltd., Shijiazhuang lateen chemical co., ltd., Kikkoman Corporation, Kewpie Corporation, Landec, Contipro a.s., Anmol Chemicals Group, Shandong Focuschem Biotech Co., Ltd |
Analyst Review
According to the opinions of various CXOs of leading companies, manufacturers are developing hyaluronic acid-based supplements and injectables in response to the rising number of people with osteoporosis and rheumatoid arthritis. As a result of the rising number of cases of bone and joint problems, the market for hyaluronic acid is expected to increase significantly over the forecast period. However, the market's expansion may be hampered in the forecast period by the cost-prohibitive manufacturing method and the availability of alternatives.
High benefits of hyaluronic acid in cosmetic industry, growing adoption of nonsurgical cosmetic procedures are some of the factors boosting the hyaluronic acid market growth
The hyaluronic acid market was valued at $1.0 billion in 2020, and is projected to reach $2.1 billion by 2030, growing at a CAGR of 8.1% from 2021 to 2030.
Currently, Landec Corporation, Contipro a.s., Kewpie Corporation (Kewpie), and Tiansheng Bio are some of the leading players in the hyaluronic acid market.
The cosmetic and pharmaceutical industry is projected to increase the demand for hyaluronic acid.
The end-use industry and region are the segments covered in the hyaluronic acid market report.
High benefits of hyaluronic acid in cosmetic industry are one of the major drivers of hyaluronic acid market.
Pharmaceutical industry is expected to drive the adoption of hyaluronic acid market.
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