The global hyaluronic acid market is growing rapidly, mainly due to the growth in the cosmetic surgery industry. Besides, large consumer markets of hyaluronic acid, including personal care products, F&B, and pharmaceuticals, drive the growth of the market exponentially. Cost-competitive economics is a key driving force behind the fast and successful market introduction of hyaluronic acid (HA).
Additionally, the ever-increasing population that is continually creating a massive demand for quality healthcare is increasing the consumption of HA in pharmaceutical products. Also, the personal care and cosmetic industry absorb a considerable amount of hyaluronic acid each year. Moreover, the demand for convenience food led by the fast-paced lifestyle and the growing working population worldwide fosters market growth.
A range of application areas is a key factor impacting the substantial market growth, which will continue in the coming years. According to Market Research Future (MRFR), the global hyaluronic acid market is poised to reach USD 18,153.6 Million by 2025, registering 7.02% CAGR throughout the review period (2019-2025). The market demand is increasing due to the increasing application of hyaluronic acid in the growing number of cosmetic surgeries.
Global Hyaluronic Acid Market – Segmentation
The report is segmented into four dynamics;
By Grade: Cosmetic Grade, Pharmaceutical Grade, and Food Grade.
By Application: Aesthetics, Osteoarthritis, Pharmaceutical API, Cosmetics, Dietary Supplements, Ophthalmology, and others.
By End User: Pharmaceutical Industry, Dermatology Clinics & Cosmetic Surgery Centers, Food Industry, Personal Care, and others.
By Regions: Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Major Players:
Players active in the global hyaluronic acid market include Symatese Group, Allergan, Contipro AS, Zhonglan Industry Co., Ltd, Fidia Farmaceutici SPA, Altergon Italia SRL, Bioiberica SAU, Seikagaku Corporation, Kewpie Corporation, and Anika Therapeutics, among others.
