The increasing application of Hyaluronic Acid (HA) in both the cosmetic and pharmaceutical industries stand out as a significant driver for the global HA market. In recent years, HA garnered substantial attention for its wide benefits, leading to its widespread application into a diverse array of skincare and beauty products. Notably, the cosmetic industry has witnessed an increase in the use of HA. This is attributed to its exceptional hydrating properties and ability to promote skin elasticity and firmness.
On the other hand, one notable trend driving the HA market is the utilization of low molecular weight HA in cosmetic formulations. Low molecular weight HA, with its smaller molecular size, exhibits enhanced skin penetration capabilities, enabling deeper hydration and better efficacy in combating signs of aging. As a result, cosmetic manufacturers increasingly incorporate low molecular weight HA into their products to offer consumers more potent and visible results.
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Data Bridge Market Research analyses that the Global Hyaluronic Acid Market is expected to reach USD 17.64 billion by 2031 from USD 9.35 billion in 2023, growing at a CAGR of 8.3% in the forecast period of 2024 to 2031. The native /linear hyaluronic acid segment is expected to dominate the market due to its innovative formulations and precise targeting strategies.
Key Findings of the Study
Strategic Initiatives by Market Players on Hyaluronic Acid Market
Various strategic initiatives are undertaken by market players which involve partnership, product approval, collaboration among others. These initiatives help them to strengthen their presence in the market and promote market expansion. Moreover, some of the strategic initiatives led to increasing demand for their products among several customers.
As the demand for effective treatment for Hyaluronic Acid based dermal fillers are increasing, these strategic initiatives taken by market players are aimed at enhancing their business operations and earn more profitability in advanced treatment technologies. Many key market players & organizations launched several aesthetic courses for educating & providing training and spreading awareness on different techniques used in application of these systems.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Form (Native/Linear Hyaluronic Acid and Cross-Linked Hyaluronic Acid), Grade (Cosmetic Grade, Pharmaceutical Grade, and Food Grade), Type (Sodium Hyaluronate, Hydrolyzed Hyaluronic, Sodium Acetylated Hyaluronic Acid), Route of Administration (Parenteral, Topical, and Oral), Source (Microbial Fermentation, Animal Based, and Plant Based), Dosage Form (Powder, Solution, and Gel), Application (Aesthetics & Cosmetics, Osteoarthritis, Pharmaceutical API, Dietary Supplements, Ophthalmology, and Others) End User (Dermatology Clinics, Cosmetic Surgery Centers, Medical Spas and Beauty Centers, Others), Distribution Channel (Retail Sales and Direct Tender)
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Country covered
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U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, and Rest of Middle East and Africa
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Market Players Covered
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Fufeng group (China); Fidia Farmaceutic S.p.A. (Italy); DSM (Europe); Asahi Kasei Corporation (Japan); Nestle (Europe); AbbIVe Inc. (U.S.); Galderma (Europe); Virchow biotech (India); Givaudan (Europe); Anika Therapeutics, Inc (U.S.); Seikagaku corporation (Japan); Merz North America Inc. (U.S.);Contipro a.s. (Europe);Bloomage Biotech Co., Ltd (China) among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
The global hyaluronic acid market is categorized into nine notable segments which are form, grade, type, route of administration, source, dosage form, application, end user, and distribution channel
- On the basis of form, the market is segmented into native/linear hyaluronic acid and cross-linked hyaluronic acid
In 2024, the native/linear hyaluronic acid segment is expected to dominate the Global Hyaluronic Acid Market
In 2024, the native/linear hyaluronic acid segment is expected to dominate the market with a market share of 61.18% due to its innovative formulations and precise targeting strategies.
- On the basis of grade, the market is segmented into cosmetic grade, pharmaceutical grade, and food grade
In 2024, the cosmetic grade is expected to dominate the Global Hyaluronic Acid Market
In 2024, the cosmetic grade is expected to dominate the market with a market share of 58.65% due to setting the industry standard with superior purity, efficacy, and diverse application formulations.
- On the basis of type, the market is segmented into sodium hyaluronate, hydrolyzed hyaluronic, sodium acetylated hyaluronic acid. In 2024, the sodium hyaluronate segment is expected to dominate the market with a market share of 79.35%
- On the basis of route of administration, the market is segmented into parentral, topical, and oral. In 2024, the parentral segment is expected to dominate the market with a market share of 47.76 %
- On the basis of source, the market is segmented into microbial fermentation, animal based, and plant based. In 2024, the microbial fermentation segment is expected to dominate the market with a market share of 47.77%
- On the basis of dosage form, the market is segmented into powder, solution and gel. In 2024, the powder segment is expected to dominate the market with a market share of 58.06%
- On the basis of application, the market is segmented into aesthetics & cosmetics, osteoarthritis, ophthalmology, pharmaceutical API, dietary supplements, and others. In 2024, the aesthetics & cosmetics segment is expected to dominate the market with a market share of 39.19%
- On the basis of end user, the market is segmented into dermatology clinics, cosmetic surgery centers, medical spas and beauty centers, pharmaceutical industry, food industry, and others. In 2024, the dermatology clinics segment is expected to dominate the market with a market share of 31.43%
- On the basis of distribution channel, the market is segmented into retail sales and direct tender. In 2024, the retail sales segment is expected to dominate the market with a market share of 58.64%
Major Players
Data Bridge Market Research analyzes FUFENG GROUP (China), Fidia Farmaceutic S.p.A. (Italy), DSM (Europe), Asahi Kasei Corporation (Japan), and Nestle (Europe) as the major players operating in the market
Market Development
- In March 2021, DSM extends its hyaluronic acid range with the launch of HYA-ACT™ line. Royal DSM, a global science-based company announces the launch of three different forms of hyaluronic acid. With the new HYA-ACT™ range, DSM strengthens its hyaluronic acid portfolio to deliver on growing market expectations for less-invasive, reliable and effective beauty care solutions
- In August 2020, Asahi Kasei has established industrial manufacturing technology for hyaluronic acid (HA) nanogel as a new pharmaceutical excipient, and is providing samples to prospective customers in order to commercialize the product. The commercialization of HA nanogel would expand the product lineup by adding a Drug Delivery System (DDS) base material for injection formulations. This HA nanogel is expected to improve the Quality of Life (QOL) for patients by enabling the low-toxicity solubilization of insoluble drugs, facilitating the formulation of biopharmaceuticals such as proteins and peptides
- In June 2020, Nestlé Health Science partners with Bioiberica to deliver innovative nutrition in joint health and mobility. Nestlé Health Science is incorporating Bioiberica’s patented ingredient, Mobilee, into its MERITENE Mobilis joint-health drink mix. Mobilee is a natural extract containing a high concentration of hyaluronic acid and other components, including collagen and polysaccharides, which have scientifically shown to contribute to the maintenance of joint and muscle health
- In March 2024, the FDA has approved Juvéderm Voluma XC (AbbVie) for injection in the temple region to treat moderate to severe temple hollowing in adults aged 21 and older. It is the hyaluronic acid dermal filler to receive FDA approval for this specific use, with results lasting up to 13 months
- In December 2021, Allergan announced that the company had completed its acquisition of Soliton, Inc. This has helped the company in expanding its aesthetic product portfolio in the market
Regional Analysis
Geographically, the countries covered in the global hyaluronic acid market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, and rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is the dominant and fastest growing region in the Global Hyaluronic Acid Market
North America is expected to dominate the market owing due to its advanced research facilities, strong pharmaceutical industry, and high demand for cosmetic and medical applications. Also, the region is expected to grow during the forecast period due to its abundant raw material supply, lower production costs, and growing demand for skincare and medical applications.
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