The global hyaluronic acid market is anticipated to grow at a significant CAGR of around 9.5% during the forecast period. The hyaluronic acid market is expected to increasing owing to its various beneficial characteristics, that includes increased hydration, improves elasticity, reverses free radical damage, and protection from UV damage. Additionally, these products are strongly been adopted due to their use of these products in a wide range of applications such as aesthetics, osteoarthritis, and cosmetics and among other procedures. For instance, in March 2022, Givaudan Active Beauty launched Cristalhyal™ e-Perfection, which redefines hyaluronic acid (HA). This new product is a combination of HA and bentonite clay and is specifically for beauty brands it acts as a sensoriality booster, that brings softness to the formula through its satin touch.
However, the various side effects such as skin infections, immune-related problems due to an excessive amount of chemicals, and the high amount of acid present in hyaluronic acid are hampering the market growth. Whereas, the new and natural or low chemical based and less acidic products being developed can create huge opportunities for the key players owing to it the demand for natural products will be increased.
Impact Of COVID-19 Pandemic On Global Hyaluronic Acid Market
COVID-19 has affected the hyaluronic acid market due to the imposition of national lockdowns and border restrictions and subsequent closure of clinics, and hospitals that, in turn, affected various aesthetic procedures such as minimally invasive surgeries, elective and no elective surgeries, and others. in 2020 as per the data published by the survey conducted by Hamilton Fraser, approximately 99.78% of the participants reported that their practice and procedure were affected, approximately 80.51% of aesthetic practitioners announced that closure of clinics, approximate 67.28% reduction in revenue were observed whereas, about 63.31% the respondents reported the reduction in inquiries of several aesthetic procedures. However, in 3Q AND 4Q major key player to remain competitive in the market has introduced various hyaluronic-based products and got them approved in turn the market will increase post-COVID-19 with ease.
Segmental Outlook
The global hyaluronic acid market is segmented based on the grade, application, and end-user. On the basis of grade, the market is segmented into food grade, cosmetic grade, and pharmaceutical grade. Based on the application the market is sub-divided into cosmetics, aesthetics, osteoarthritis, ophthalmology, pharmaceutical, dietary supplements, and others. Based on the end-user, the market is sub-classified into the food industry, personal care, pharmaceutical industry, dermatology clinics & cosmetic surgery centers, and others. Among the end-user segment, dermatology clinics & cosmetic surgery centers are anticipated to dominate, due to a large number of facial surgeries and procedures being conducted in cosmetic clinics. Moreover, as these procedures require little recuperation time and a maximum number of individuals are opting to take the treatment from dermatology clinics & cosmetic surgery centers instead of hospitals and others attributed to it the segment is holding a prominent share in the market.
Global Hyaluronic Acid Market Share By Applications, 2021 (%)
The Osteoarthritis Segment Is Dominating In The Global Hyaluronic Acid Market
Among the application segment osteoarthritis is holding a prominent share in the market owing to a large number of patients pool is suffering from orthopedic disorders coupled with it the demand for hyaluronic acid is been increasing due to it can be directly injected into the joints for pain relief. Furthermore, an increasing number of osteoarthritis patients pool across the globe coupled with the increasing geriatric population has a higher number of chances to get bone injuries and fractures owing to it the demand for hyaluronic acid-based supplements and injectable that are driving the market growth. For instance, in May 2021, Ono Pharmaceutical Co., Ltd. and Seikagaku Corp., both the company's collaboration launched JOYCLU 30mg Intra-articular Injection. JOYCLU is developed in combination with hyaluronic acid and diclofenac to release diclofenac by hydrolysis in the joints it is also approved for the treatment of osteoarthritis and it improves the symptoms of osteoarthritis by the intra-articular injection.
Regional Outlooks
The global hyaluronic acid market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East &Africa, and Latin America. North America is dominating the global hyaluronic acid market owing to the increasing geriatric population, due to the people of the region are more concerned and pay attention to the wrinkles attributed to it the demand for this hyaluronic acid is been increased in cosmetics procedures.
Global Hyaluronic Acid Market Growth, By Region 2022-2028
The Asia Pacific Region Is Fastest Growing In The Global Hyaluronic acid Market
The Asia Pacific is anticipated to witness the fastest growth attributed to increasing awareness about newly adopted minimally invasive procedures, rising disposable income, and increasing awareness of the use of hyaluronic acid in various applications. Furthermore, in this region, the population is more influenced by various beauty standards and targets volumized appearance also in the Asia Pacific cosmetic industry plays a great role. Additionally, the growing focus of major players and heavy investments by home in new product development and new launches are all such factor that is contributing to the growth of the market. the pharmaceutical industry in the Asia-Pacific region is boosted coupled with the increasing medical tourism in the region and that in turn increases the demand for hyaluronic acid as it is used as a lubricating and moisturizing agent, limiting photo-aging, and enhancing drug efficacy among others.
Market Players Outlook
The major companies serving the global hyaluronic acid market include Cigna Corp., Contipro a.s., Liuzhou Shengqiang Biotech Co., Ltd., Kewpie Corp., and Revance Therapeutics, Inc., Hint, Inc., SciVision Biotech Inc., Zimmer Biomet Holdings, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2021, Royal DSM launched three different forms of hyaluronic acid and expanded its hyaluronic acid range with HYA-ACT This new product is been introduced to deliver on growing market expectations for less-invasive, reliable, and effective beauty care solutions by the end users. This new range includes HYA-ACT M, HYA-ACT S, and HYA-ACT XS this product is Halal certified, China-compliant, and certified microbiome-friendly.
The Report Covers
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Hyaluronic AcidMarket
• Recovery Scenario of Global Hyaluronic AcidMarket
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Cigna Corp.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Kewpie Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Contipro a.s.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. SciVision Biotech Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Zimmer Biomet Holdings
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Hyaluronic Acid Market by Grade
4.1.1. Food Grade
4.1.2. Cosmetic Grade
4.1.3. Pharmaceutical Grade
4.2. Global Hyaluronic Acid Market by Application
4.2.1. Cosmetics
4.2.2. Aesthetics
4.2.3. Osteoarthritis
4.2.4. Ophthalmology
4.2.5. Pharmaceutical
4.2.6. Dietary Supplements
4.2.7. Others
4.3. Global Hyaluronic Acid Market by End-User
4.3.1. Food Industry
4.3.2. Personal Care
4.3.3. Pharmaceutical Industry
4.3.4. Dermatology Clinics & Cosmetic Surgery Centers
4.3.5. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Anika Therapeutics
6.2. Bioiberica S.A.U.
6.3. Bioplus Co., Ltd.
6.4. Bloomage Biotechnology Corp. Ltd.
6.5. Ferring Pharmaceuticals Inc.
6.6. Galderma SA
6.7. Kikkoman Corp.
6.8. Laboratoires Vivacy, S.A.S.
6.9. Landec Corp
6.10. LG Chem
6.11. Lifecore
6.12. Liuzhou Shengqiang Biotech Co.,Ltd.
6.13. Seikagaku Corp.
6.14. Shijiazhuang Lateen Chemical Co., LTD
6.15. Shiseido Co., Ltd.
6.16. SKIN TECH PHARMA GROUP, S.L
6.17. Smith & Nephew
6.18. SpecialChem S.A.
6.19. SYMATESE
6.20. Suneva Medical
6.21. Teoxane SA
6.22. VITAL ESTHETIQUE
1. GLOBAL HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
2. GLOBAL FOOD GRADE HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL COSMETIC GRADE HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($MILLION)
4. GLOBAL PHARMACEUTICAL GRADE HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($MILLION)
5. GLOBAL HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
6. GLOBAL HYALURONIC ACID IN COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL HYALURONIC ACID IN AESTHETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL HYALURONIC ACID IN OPHTHALMOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL HYALURONIC ACID IN OSTEOARTHRITIS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL HYALURONIC ACID IN PHARMACEUTICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL HYALURONIC ACID IN DIETARY SUPPLEMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL HYALURONIC ACID IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
14. GLOBAL HYALURONIC ACID FOR FOOD INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL HYALURONIC ACID FOR PERSONAL CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL HYALURONIC ACID FOR PHARMACEUTICAL INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL HYALURONIC ACID FOR DERMATOLOGY CLINICS & COSMETIC SURGERY CENTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL HYALURONIC ACID IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. NORTH AMERICAN HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
21. NORTH AMERICAN HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. NORTH AMERICAN HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
23. EUROPEAN HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. EUROPEAN HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
25. EUROPEAN HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. EUROPEAN HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
31. REST OF THE WORLD HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
32. REST OF THE WORLD HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY APPLICATION,2021-2028 ($ MILLION)
34. REST OF THE WORLD HYALURONIC ACID MARKET RESEARCH AND ANALYSIS BY END-USER,2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL HYALURONIC ACID MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL HYALURONIC ACID MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL HYALURONIC ACID MARKET, 2021-2028 (%)
4. GLOBAL HYALURONIC ACID MARKET SHARE BY GRADE, 2021 VS 2028 (%)
5. GLOBAL FOOD GRADE HYALURONIC ACID MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL COSMETIC GRADE HYALURONIC ACID MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL PHARMACEUTICAL GRADE HYALURONIC ACID MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL HYALURONIC ACID MARKET SHARE BY APPLICTION, 2021 VS 2028 (%)
9. GLOBAL HYALURONIC ACID IN COSMETICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL HYALURONIC ACID IN AESTHETICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL HYALURONIC ACID IN OPHTHALMOLOGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL HYALURONIC ACID IN OSTEOARTHRITIS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL HYALURONIC ACID IN PHARMACEUTICAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL HYALURONIC ACID IN DIETARY SUPPLEMENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL HYALURONIC ACID IN OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL HYALURONIC ACID MARKET SHARE BY END-USER, 2021 VS 2028 (%)
17. GLOBAL HYALURONIC ACID FOR FOOD INDUSTRY SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL HYALURONIC ACID FOR PERSONAL CARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL HYALURONIC ACID FOR PHARMACEUTICAL INDUSTRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL HYALURONIC ACID FOR DERMATOLOGY CLINICS & COSMETIC SURGERY CENTERSMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL HYALURONIC ACID FOR OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. US HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
23. CANADA HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
24. UK HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
25. FRANCE HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
26. GERMANY HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
27. ITALY HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
28. SPAIN HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF EUROPE HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
30. INDIA HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
31. CHINA HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
32. JAPAN HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
33. SOUTH KOREA HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
34. REST OF ASIA-PACIFIC HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)
35. REST OF THE WORLD HYALURONIC ACID MARKET SIZE, 2021-2028 ($ MILLION)