Hyaluronic Acid Market: Information by Grade (Cosmetic Grade, Pharmaceutical Grade, Food Grade), by Application (Aesthetics, Osteoarthritis, Pharmaceutical API, Cosmetics, Dietary Supplements, Ophthalmology), by End User (Pharmaceutical Industry, Dermatology Clinics & Cosmetic Surgery Centers, Food Industry, Personal Care), and by Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa)—Forecast till 2027
The hyaluronic acid market is expected to cross USD 20,144.59 million by 2027 at a CAGR of 6.77%. Hyaluronic acid, also called hyaluronan, is an anionic, no sulfated glycosaminoglycan distributed widely throughout connective, epithelial, and neural tissues. Hyaluronic acid is well known for its skin benefits, especially alleviating dry skin, reducing the appearance of fine lines and wrinkles, and speeding up wound healing. The anionic, no sulfated glycosaminoglycan hyaluronic acid, commonly known as hyaluronan, is abundantly dispersed in connective, epithelial, and neural tissues. The increasing usage of hyaluronic acid in cosmetic and personal care products, the rise in cosmetic operations, and its extensive use in the treatment of osteoarthritis and dry eye are all factors driving the growth of the worldwide hyaluronic acid market. However, the availability of alternatives will probably limit market expansion.
As a person ages, hyaluronic acid and collagen are gradually lost, and the skin is more susceptible to dehydration. The protective skin barrier might become breached due to climatic factors, UV radiation, and pollution, which raises the need for hyaluronic acid. Supplemental hyaluronic acid keeps water from evaporating, giving the body more hyaluronic acid to integrate into the skin. The hydration of the skin can be greatly increased with an average dose of 120–240 mg per day for at least a month. It is frequently used in personal care and cosmetic items like lipstick, eye shadow, foundation, shampoo, hair conditioner, styling gel, facial creams, masks, serums, and moisturizers.
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Hyaluronic Acid Market Segmentation
Due to its moisturising and film-forming qualities, hyaluronic acid is utilised in cosmetics. By reducing flaking and restoring suppleness, it improves the appearance of dry or damaged skin, minimising the visibility of wrinkles, fine lines, redness, and dermatitis. Additionally, aqueous (water) components of cosmetics and personal care items are thickened with hyaluronic acid.
Hyaluronic acid of pharmaceutical grade is utilised as a lubricant and moisturiser, minimising photoaging, improving medicine efficacy, tissue engineering, wound dressing applications, and increasing corneal and conjunctival injury recovery. It is a component of contactless solutions, eye drops, and eye lotions. Hyaluronic acid-containing medicinal products taken orally can restore cartilage or mucous membrane damage. Additionally, it is used in intra-articular injections for osteoarthritis and joint discomfort.
Hyaluronic acid’s sodium salt is a frequently used ingredient in ice cream, drinks, jellies, dairy goods, biscuits, and candies, among other things. In comparison to high molecular weight hyaluronic acid, food grade hyaluronic acid has a medium molecular weight that is best suited for internal support and supplementation.
Using hyaluronic acid, a plumping effect is produced. Hyaluronic acid-based fillers are injected by dermatologists to give the skin a firm appearance. In cosmetic surgery, botox and dermal filler procedures are frequently employed. Most of the time, women have these operations to improve their looks. The various surgical procedures performed on elderly women include blepharoplasty, skin resurfacing, and facelifts.
Products containing hyaluronic acid are used to treat osteoarthritis of the knee (OA). Since hyaluronic acid is an affordable and useful pain management option, the market for it is expected to expand significantly in the near future. One of the main factors contributing to disability is knee osteoarthritis. One of the most prevalent orthopaedic conditions and the main cause of impairment in the elderly population is knee osteoarthritis.
As an Active Pharmaceutical Ingredient (API), hyaluronic acid is used to treat a variety of joint problems. During the projected period, the market demand for pharmaceutical API is anticipated to be driven by the rising elderly population and rising disease prevalence. The elderly population is drastically increasing, according to the UN, in nations like Italy, the US, Japan, Germany, and Portugal. Europe has the world’s greatest ageing population, which has driven up medical costs there.
Significant skin benefits of hyaluronic acid include dermatitis relief, wrinkle reduction, dry skin relief, and reduction of fine lines and wrinkle look. It is commonly found in cosmetics and personal care items as facial creams, masks, serums, and moisturisers. The need for healthy, radiant skin has increased as social attitudes on beauty and personality have changed.
Osteoarthritis and dry eyes are both treated with hyaluronic acid. Abrasions, post-operative scars, second- and third-degree burns, pressure sores, and external skin injuries all show signs of wound healing. Additionally, it can be used to avoid urinary tract infections and bladder irritation.
One of the main factors driving the global hyaluronic acid market is the usage of hyaluronic acid in dermatological clinics and cosmetic surgery facilities. In cosmetic procedures, it is utilised as a dermal filler and a lip filler. The effects of media, fashion, and other cultural factors are to blame for the rising demand for these operations.
Hyaluronic acid is a typical ingredient in beverages, jelly, dairy goods, cookies, candies, ice creams, and other things. The global hyaluronic acid market has expanded as a result of the rising demand for various dairy products such as milk, cheese, yoghurt, and others on a global scale.
Hyaluronic Acid Market Regional Analysis
Because of the substantial demand for the product in the pharmaceutical sector, the market in North America is predicted to experience significant expansion. The US has a sizable pharmaceutical industry, which is a major factor in the expansion of the local market. North America accounted for 48.7% of global pharmaceutical sales in 2019, according to the European Federation of Pharmaceutical Industries & Association (EFPIA).
The EFPIA estimates that 22,9% of all pharmaceutical sales in 2019 were made in Europe. An estimated USD 45,786 million was spent on pharmaceutical R&D in Europe in 2019. In 2019, the region produced drugs worth USD 335,769 and exported goods worth USD 579,965 million. Additionally, the greatest market for cosmetics and personal care goods is in Europe, according to Cosmetics Europe (a European trade organisation). The majority of the market share in the area is held by a select group of nations, including Germany, France, the UK, Poland, and the UK.
One of the main factors influencing the demand for the hyaluronic acid market is the expansion of the pharmaceutical sector in the Asia-Pacific region. Japan, China, and India are among the nations that have had a significant impact on market expansion. With a CAGR of 9.86% during the projection period, India became the nation with the quickest growth. The Indian Brand Equity Foundation projects that by 2020, the country’s pharmaceutical market would have grown by a CAGR of 22.4% and will be worth USD 55 billion. Additionally, generic meds, followed by over-the-counter medications and patented drugs, have the biggest market share in the Indian pharmaceutical sector.
The population of older people is growing significantly throughout Latin America. For instance, there were 71 million seniors in this region in 2018, and that number is expected to quadruple by 2035. Chronic diseases are predicted to rise as the population ages, which will benefit the hyaluronic acid industry. With a CAGR of 3.4% annually, Chile, Peru, and Colombia are the nations with the highest healthcare costs.
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Between 2021 and 2027, the Middle East and Africa are projected to see a CAGR of 4.67%. The segment generated USD 800.75 million in revenue in 2020, and by 2027, it is anticipated to generate USD 1,104.82 million. One of the main reasons driving the growth of the healthcare market in the Middle East & Africa is the high prevalence of Non-communicable Diseases (NCDs), as well as the ageing population and rising health insurance penetration.
Key Players
Some of the key players operating in the hyaluronic acid market are Allergan plc (Ireland), Contipro a.s. (Czechia), Symatese (France), Zhonglan Industry Co., Ltd (China), Altergon Italia Srl (Italy), Fidia Farmaceutici s.p.a. (Italy), Bioiberica S.A.U. (Barcelona), Kewpie Corporation (Japan), Seikagaku Corporation (Japan), and Anika Therapeutics, Inc. (US).
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