Hyaluronic Acid Market
Hyaluronic Acid Market Forecasts to 2030 - Global Analysis By Product (High Molecular Weight Hyaluronic Acid, Medium Molecular Weight Hyaluronic Acid and Low Molecular Weight Hyaluronic Acid), Formulation, Distribution Channel, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $1.52 BN |
|
Projected Year Value (2030) |
US $2.71 BN |
|
CAGR (2024 - 2030) |
9.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Hyaluronic Acid Market is accounted for $1.52 billion in 2024 and is expected to reach $2.71 billion by 2030 growing at a CAGR of 9.8% during the forecast period. Hyaluronic acid is a naturally occurring substance found in the human body, primarily in connective tissues, skin, and joints. It is a glycosaminoglycan known for its ability to retain water, providing hydration, lubrication, and elasticity. HA is widely used to improve skin hydration, reduce wrinkles, and enhance plumpness. It helps treat osteoarthritis by lubricating joints and is used in eye surgeries. Its moisture-binding properties make it essential for maintaining skin health and overall tissue function.
According to the Osteoarthritis Research Society International (OARSI), nearly 90% of visco supplement prescriptions consists of both corticosteroids and hyaluronic acid injections to treat osteoarthritis.
Market Dynamics:
Driver:
Rising demand for anti-aging products
HA is a key ingredient in serums, creams, and dermal fillers, known for its ability to retain moisture, reduce wrinkles, and enhance skin elasticity. The growing aging population, increasing beauty consciousness, and preference for non-invasive cosmetic treatments further boost HA-based product sales. Additionally, advancements in skincare formulations and endorsements by dermatologists fuel consumer trust. The expansion of the cosmetic industry, e-commerce platforms, and social media influence also accelerates HA market growth, making it a dominant skincare ingredient.
Restraint:
Potential side effects
Hyaluronic acid (HA) may cause potential side effects such as redness, swelling, allergic reactions, or infections, especially with injectable treatments like dermal fillers. In rare cases, improper administration can lead to lumps, vascular occlusion, or migration of fillers. Additionally, safety issues, inconsistent results, and the need for repeated treatments discourage long-term use. These risks create consumer concerns and regulatory challenges, hampering market growth.
Opportunity:
Growing use in osteoarthritis treatment
HA injections, known as visco supplementation, help lubricate and cushion joints, reducing pain and improving mobility. As osteoarthritis cases rise due to aging populations and sedentary lifestyles, demand for non-surgical, minimally invasive treatments increases. Ongoing R&D advancements and FDA approvals enhance product availability and effectiveness. Additionally, HA-based therapies offer an effective alternative to painkillers and surgeries, further boosting adoption.
Threat:
High product costs
Hyaluronic acid has high production costs due to its complex fermentation-based extraction, purification, and quality control processes. Producing medical-grade or high-purity HA for skincare and pharmaceutical applications requires advanced biotechnology, increasing manufacturing expenses. Additionally, R&D investments, regulatory approvals, and specialized formulations add to the cost. As a result, restricted accessibility and affordability hinder overall market expansion, especially in developing regions with lower purchasing power.
Covid-19 Impact:
The covid-19 pandemic initially disrupted the hyaluronic acid market due to supply chain interruptions, reduced elective procedures, and lower consumer spending on cosmetics. Lockdowns led to a decline in aesthetic treatments like dermal fillers. However, post-pandemic recovery saw increased demand for skincare, wellness, and minimally invasive procedures. Additionally, the medical segment, including osteoarthritis and ophthalmic treatments, rebounded as healthcare systems resumed non-urgent procedures, stabilizing market growth.
The high molecular weight hyaluronic acid segment is expected to be the largest during the forecast period
The high molecular weight hyaluronic acid segment is expected to account for the largest market share during the forecast period. HMW-HA is a form of hyaluronic acid with large molecular chains, typically above 1,000 kDa. It retains moisture, enhances skin hydration, and promotes wound healing by forming a protective barrier. It has strong anti-inflammatory properties and helps in reducing oxidative stress. Commonly found in skincare, it provides long-lasting hydration and plumping effects.
The personal care & beauty segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the personal care & beauty segment is predicted to witness the highest growth rate due to its exceptional hydrating and anti-aging properties. It attracts and retains moisture, making skin plumper, smoother, and more youthful. Found in serums, creams, and masks, it helps reduce fine lines, improves elasticity, and soothes irritation. Its popularity continues to grow in skincare and cosmetic formulations worldwide.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to rising skincare awareness, increasing demand for anti-aging products, and expanding medical applications. Countries like China, Japan, South Korea, and India lead the market, driven by a booming beauty industry and high adoption of cosmetic procedures. The region's aging population fuels demand for dermal fillers and osteoarthritis treatments, while advancements in biotechnology enhance product innovation. Additionally, the popularity of K-beauty and J-beauty trends boosts HA-based skincare sales.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR driven by consumer demand for anti-aging skincare, dermal fillers, and osteoarthritis treatments. The U.S. dominates the market due to a well-established cosmetic and healthcare industry, increasing aesthetic consciousness, and rising minimally invasive procedures. The region also sees strong adoption of HA-based ophthalmic and orthopedic treatments. Additionally, the presence of key industry players and increasing R&D investments further support the market's growth trajectory.
Key players in the market
Some of the key players in Hyaluronic Acid market include Allergan Corporation, Sanofi Corporation, Evonik Industries AG, Bloomage Biotechnology Corporation Limited, Seikagaku Corporation, Anika Therapeutics, Inc., LG Chem, Lubrizol Corporation, Royal DSM, Kewpie Corporation, Symatese Group, HTL Biotechnology, FocusChem Biotech, Croda International Plc, Stanford Chemicals Company, Maruha Nichiro Corporation, Evolus, Inc., Contipro a.s., Fidia Farmaceutici S.p.A. and Zimmer Biomet.
Key Developments:
In October 2024, Evolus, Inc. announced that it received EU Medical Device Regulation (MDR) certification for four unique injectable hyaluronic acid (HA) gels under the brand name Estyme®. This certification allows Evolus to enter the European dermal filler market, doubling its addressable market outside the U.S. to $1.8 billion.
In July 2024, Bloomage, a global leader in hyaluronic acid and bioactive substances, introduced MitoPQQ™ at the IFT FIRST Expo. This water-soluble compound, naturally found in various foods, enhances mitochondrial function, combats cellular aging, and supports cognitive health. Produced through fermentation, MitoPQQ™ is non-GMO and certified by GRAS, KOSHER, and HALAL standards.
Products Covered:
• High Molecular Weight Hyaluronic Acid
• Medium Molecular Weight Hyaluronic Acid
• Low Molecular Weight Hyaluronic Acid
Formulations Covered:
• Injectable
• Topical
• Oral
Distribution Channels Covered:
• E-commerce Platforms
• Supermarkets/Hypermarkets
• Pharmacies & Drug Stores
• Specialty Stores
• Other Distribution Channels
Applications Covered:
• Food & Dietary Supplements
• Ophthalmology
• Orthopedics
• Pharmaceuticals
• Personal Care & Beauty
• Other Applications
End Users Covered:
• Hospitals
• Aesthetic Clinics
• Biotechnology Companies
• Research Institutions
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hyaluronic Acid Market, By Product
5.1 Introduction
5.2 High Molecular Weight Hyaluronic Acid
5.3 Medium Molecular Weight Hyaluronic Acid
5.4 Low Molecular Weight Hyaluronic Acid
6 Global Hyaluronic Acid Market, By Formulation
6.1 Introduction
6.2 Injectable
6.3 Topical
6.4 Oral
7 Global Hyaluronic Acid Market, By Distribution Channel
7.1 Introduction
7.2 E-commerce Platforms
7.3 Supermarkets/Hypermarkets
7.4 Pharmacies & Drug Stores
7.5 Specialty Stores
7.6 Other Distribution Channels
8 Global Hyaluronic Acid Market, By Application
8.1 Introduction
8.2 Food & Dietary Supplements
8.3 Ophthalmology
8.4 Orthopedics
8.5 Pharmaceuticals
8.6 Personal Care & Beauty
8.7 Other Applications
9 Global Hyaluronic Acid Market, By End User
9.1 Introduction
9.2 Hospitals
9.3 Aesthetic Clinics
9.4 Biotechnology Companies
9.5 Research Institutions
9.6 Other End Users
10 Global Hyaluronic Acid Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.10 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.10 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.1 Middle East & Africa
10.10.1 Saudi Arabia
10.10.2 UAE
10.10.3 Qatar
10.10.4 South Africa
10.10.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Allergan Corporation
12.2 Sanofi Corporation
12.3 Evonik Industries AG
12.4 Bloomage Biotechnology Corporation Limited
12.5 Seikagaku Corporation
12.6 Anika Therapeutics, Inc.
12.7 LG Chem
12.8 Lubrizol Corporation
12.9 Royal DSM
12.10 Kewpie Corporation
12.11 Symatese Group
12.12 HTL Biotechnology
12.13 FocusChem Biotech
12.14 Croda International Plc
12.15 Stanford Chemicals Company
12.16 Maruha Nichiro Corporation
12.17 Evolus, Inc.
12.18 Contipro a.s.
12.19 Fidia Farmaceutici S.p.A.
12.20 Zimmer Biomet
List of Tables
1 Global Hyaluronic Acid Market Outlook, By Region (2022-2030) ($MN)
2 Global Hyaluronic Acid Market Outlook, By Product (2022-2030) ($MN)
3 Global Hyaluronic Acid Market Outlook, By High Molecular Weight Hyaluronic Acid (2022-2030) ($MN)
4 Global Hyaluronic Acid Market Outlook, By Medium Molecular Weight Hyaluronic Acid (2022-2030) ($MN)
5 Global Hyaluronic Acid Market Outlook, By Low Molecular Weight Hyaluronic Acid (2022-2030) ($MN)
6 Global Hyaluronic Acid Market Outlook, By Formulation (2022-2030) ($MN)
7 Global Hyaluronic Acid Market Outlook, By Injectable (2022-2030) ($MN)
8 Global Hyaluronic Acid Market Outlook, By Topical (2022-2030) ($MN)
9 Global Hyaluronic Acid Market Outlook, By Oral (2022-2030) ($MN)
10 Global Hyaluronic Acid Market Outlook, By Distribution Channel (2022-2030) ($MN)
11 Global Hyaluronic Acid Market Outlook, By E-commerce Platforms (2022-2030) ($MN)
12 Global Hyaluronic Acid Market Outlook, By Supermarkets/Hypermarkets (2022-2030) ($MN)
13 Global Hyaluronic Acid Market Outlook, By Pharmacies & Drug Stores (2022-2030) ($MN)
14 Global Hyaluronic Acid Market Outlook, By Specialty Stores (2022-2030) ($MN)
15 Global Hyaluronic Acid Market Outlook, By Other Distribution Channels (2022-2030) ($MN)
16 Global Hyaluronic Acid Market Outlook, By Application (2022-2030) ($MN)
17 Global Hyaluronic Acid Market Outlook, By Food & Dietary Supplements (2022-2030) ($MN)
18 Global Hyaluronic Acid Market Outlook, By Ophthalmology (2022-2030) ($MN)
19 Global Hyaluronic Acid Market Outlook, By Orthopedics (2022-2030) ($MN)
20 Global Hyaluronic Acid Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
21 Global Hyaluronic Acid Market Outlook, By Personal Care & Beauty (2022-2030) ($MN)
22 Global Hyaluronic Acid Market Outlook, By Other Applications (2022-2030) ($MN)
23 Global Hyaluronic Acid Market Outlook, By End User (2022-2030) ($MN)
24 Global Hyaluronic Acid Market Outlook, By Hospitals (2022-2030) ($MN)
25 Global Hyaluronic Acid Market Outlook, By Aesthetic Clinics (2022-2030) ($MN)
26 Global Hyaluronic Acid Market Outlook, By Biotechnology Companies (2022-2030) ($MN)
27 Global Hyaluronic Acid Market Outlook, By Research Institutions (2022-2030) ($MN)
28 Global Hyaluronic Acid Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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