The Hyaluronic acid market Size was valued at USD 6.1 billion in 2021 and is projected to grow from USD 7.1 Billion in 2022 to USD 20.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.91% during the forecast period (2024 - 2030). Increasing application of hyaluronic acid in cosmetic & personal care products and increasing number of cosmetic surgeries.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Hyaluronic acid is well known for its skin benefits such as alleviating dry skin and reducing the appearance of fine lines, wrinkles, redness, and dermatitis. Hyaluronic acid helps to retain over 1,000 times its weight in water within the cells of the skin, making it an excellent moisturizer. It helps improve skin hydration and production of collagen, fight free radicals, and maintain skin elasticity. It also acts as a humectant, a category of skincare ingredient that is hygroscopic, which draws moisture from the surroundings. With the growing demand for anti-aging products and multifunctional personal care products among consumers, personal care product manufacturers are adopting multi-functional and multiple ingredients in a single product trend. According to the report published by the United Nations, in 2020, the geriatric population (aged 65 years and above) was 727 million, and has projected that it will increase double fold to 1.5 billion people by 2050. The geriatric population in all regions is expected to increase from 9.3% In 2020 to 16% by 2050 The growth in the population across the globe is expected to increase the adoption of anti-aging creams and lotions, which consequently is expected to fuel the demand for hyaluronic acid across the globe. Another industry surrounded by the uncertainty of the impact of the COVID-19 is medical aesthetics. Social distancing requirements and sharp cuts in consumers' discretionary income during the COVID-19 crisis have hit the medical aesthetics business hard.
Moreover, the players in the personal care and cosmetics market are focusing on strategic growth such as product launches, expansion, and acquisitions to attract a large consumer base and establish their position. For instance, L’Oréal launched Revitalift Derm Intensives 1.5% Pure Hyaluronic Acid Serum in October 2018, which is now the No. 1 mass-market serum. According to Nielsen, it has already become so popular that one is sold every minute in the US. Thus, the growth of the global cosmetics market is expected to increase the demand for hyaluronic acid and drive the growth of the global market during the review period.
The hyaluronic acid market segmentation, based on grade, includes cosmetic grade, pharmaceutical grade, and food grade. The cosmetic grade segment held the majority share in 2021 in respect to the hyaluronic acid market revenue. This is primarily owing to the high demand for the product as a cosmetic ingredient in various cosmetic and personal care products such as creams, lotions, gels, facial masks, lipstick, eyeliners, and others. However, the pharmaceutical grade segment emerged as the fastest-growing segment, during the assessment period. This is attributed to the extensive use of hyaluronic acid in the treatment of various diseases such as dry eye, osteoarthritis, urinary tract infection, bladder pain, and acid reflux, and its use as a biomaterial in heart regeneration.
February 2021: Contipro, a renowned hyaluronic acid manufacturer based in the Czech Republic, launched new anti-aging and anti-acne treatment product called HyRetin, which improves the visibility of the skin
January 2020: Anika Therapeutics, Inc. acquired Parcus Medical (US), a leading, privately-held sports medicine company, and Arthrosurface, a leading, privately-held provider of the joint surface and preservation solutions for active patients. With this acquisition, Anika expanded its product portfolio into replacement and regenerative therapies for joint preservation and restoration
The market segment of hyaluronic acid, based on application, includes aesthetics, osteoarthritis, pharmaceutical API, cosmetics, dietary supplements, ophthalmology, and others. The aesthetics segment dominated the market in 2021 in respect to the hyaluronic acid market revenue. This is due to the growing demand for minimally invasive and non-invasive cosmetic procedures, such as dermal fillers, among consumers. Hence, rising application of hyaluronic acid positively impacts the hyaluronic acid market growth.
The market segment of hyaluronic acid, based on end user, includes pharmaceutical industry, dermatology clinics, cosmetic surgery centers, and others. The dermatology clinics held the largest market share in 2021 with respect to the hyaluronic acid market revenue. This is owing to the advantageous properties of hyaluronic acid, making it suitable for dermatology clinics applications. Dermatologists are required to inject hyaluronic acid-based fillers, in order to make the skin appears firm during derma filter treatments. With the increasing prevalence of such treatments worldwide, the demand for the compound from the dermatology and cosmetics industry is projected to increase during the forecast period.
October 2020: Galderma, a leading market player in skin health emphasizing developing groundbreaking aesthetic solutions, demonstrated a Strong Aesthetic Innovation Pipeline with the commencement of Seven New Clinical Studies. The company presents an innovative method to study the flexibility and firmness of hyaluronic acid fillers
June 2020: AbbVie announced the approval of a new hyaluronic acid product Juvederm Voluma XC indicated for improving chin profile in adults over the age of 21
Figure 2: Hyaluronic acid market, by End User, 2023 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study segments the market into North America, Europe, Asia-Pacific and Rest of the World. North America Hyaluronic Acid held the largest market share in 2021. This is attributed to the presence of a sizeable base of the geriatric population, which is more susceptible to disorders, such as osteoarthritis, vesicoureteral reflux, and cataracts. Moreover, the growing demand for minimally invasive cosmetic surgeries is a significant factor contributing to the large share of North America.
Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: HYALURONIC ACID MARKET SHARE BY REGION 2023 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Hyaluronic Acid market accounts for the second-largest market share due to the increasing aesthetic consciousness, rapid technological advancements, and shorter procedure time are among other factors driving the market in Europe. Further, the Germany market of hyaluronic acid held the largest market share, and the UK market of hyaluronic acid was the fastest growing market in the European region.
The Asia-Pacific market of hyaluronic acid is expected to grow at the significant growth rate during the forecast period. This is due to the increasing presence of high unmet medical needs in emerging economies, growing awareness about applications of minimally invasive techniques, and increasing disposable income. Moreover, China market of hyaluronic acid held the largest market share, and the India market of hyaluronic acid was the fastest growing in the Asia-Pacific region. Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030.
Hyaluronic Acid Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the market of hyaluronic acid grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the hyaluronic acid industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the global hyaluronic acid industry to benefit clients and expand the hyaluronic acid market sector is to manufacture locally to reduce operating costs.
DSM (Netherlands) is a global science-based company in health, nutrition, and materials. By connecting its unique competences in Life Sciences. DSMs products and services are used globally in a wide range of markets and applications, supporting a healthier, more sustainable, and more enjoyable way of life. In March 2021, Royal DSM, a global science-based company active in nutrition, health, and sustainable living, launched three different forms of hyaluronic acid. These are HYA-ACT MMedium Molecular Weight (MW 1.0-1.3 MDa), which enhances skin hydration and strengthens the protective barrier. HYA-ACT S Small Molecular Weight (MW 200-400 kDa) locks in moisture for an even greater hydration boost and calms reddened skin, and HYA-ACT XS Very Small Molecular Weight (MW 37-56 kDa) supplies a continuous burst of intense hydration and plumps out fine wrinkles.
Key Companies in the Hyaluronic Acid Market Includes
Hyaluronic Acid Industry Developments
February 2022: Allergan received the US Food and Drug Administration (FDA) approval of JUVÉDERM VOLBELLA XC for the improvement of infraorbital hollows in adults aged above 21. This helped the company to expand its product portfolio of aesthetics in the US market
March 2021: Poundland launched new anti-aging retinol and hyaluronic acid skincare profiles, spreading their #6 range. The desirable ingredients are supposed to be powerhouses for fighting early indications of aging and delivering stellar hydration
April 2020: Allergan plc, launched Juvéderm VOLUX at the 17th Aesthetic & Anti-Aging World Congress (AMWC) in Monaco. The product represents the most recent innovation in Allergan\'s broad range of Juvéderm facial fillers. Juvéderm VOLUX contains hyaluronic acid (HA) and utilizes the unique patented VYCROSS technology. The product has been specially formulated to restore and create volume in the chin and jaw area
| Report Attribute/Metric | Details |
| Market Size 2021 | USD 6.1 billion |
| Market Size 2022 | USD 7.1 billion |
| Market Size 2030 | USD 20.5 billion |
| Compound Annual Growth Rate (CAGR) | 6.91% (2024-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2030 |
| Historical Data | 2018 & 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Grade, Application, End User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Allergan (Ireland), Sanofi (France), Genzyme Corporation (US), Anika Therapeutics, Inc. (US), Seikagaku Corporation (Japan), F. Hoffmann-La Roche Ag (Switzerland), Galderma Laboratories L.P. (US), Zimmer Biomet (US), Smith & Nephew Plc (UK) |
| Key Market Opportunities | ·        Extensive use of hyaluronic acid in the treatment of osteoarthritis and dry eye |
| Key Market Dynamics | ·        Increasing application of hyaluronic acid in cosmetic & personal care products ·        Increasing number of cosmetic surgeries |
Frequently Asked Questions (FAQ) :
The global hyaluronic acid market is expected to expand at 6.91% CAGR from 2024 to 2030.
Anika Therapeutics, Seikagaku Corporation, Altergon Italia SRL, Allergan, Zhonglan Industry Co., Ltd, Contipro AS, Fidia Farmaceutici SPA, Bioiberica SAU, Kewpie Corporation, and Symatese Group are major players of the global hyaluronic acid market.
Rise in cosmetic surgeries is the major driver of the global hyaluronic acid market.
The Americas can contribute massively to the global hyaluronic acid market owing to the massive demand for hyaluronic acid in the pharmaceutical sector.
The global hyaluronic acid market size can reach USD 20.5 billion by 2030.
Research Analyst Level I He is an extremely curious individual currently working in healthcare and medical devices domain. kinjoll is comfortably versed in data centric research backed by healthcare educational background. he leverages extensive data mining and analytics tools such as primary and secondary research, statistical analysis, machine learning, data modelling. his key role also involves technical sales support, client interaction and project management within the healthcare team. lastly, he showcases extensive affinity towards learning new skills and remain fascinated in implementing them.
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