Hyaluronic Acid Market Competitive Landscape Based on Product design 2031

The global hyaluronic acid market size was US$ 1.82 billion in 2021. The global hyaluronic acid market size is forecast to reach US$ 4.02 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.2% during the forecast period from 2022 to 2030.

Human body cells contain a substance called hyaluronic acid. Joint fluids and eye fluids contain the highest concentration of hyaluronic acid. It acts as a lubricant and cushion in the joints. Cosmetics and pharmaceutical businesses, in particular, use it for its moisturizing properties.

Surgical procedures also make use of it. The fluid is also injected directly into the body to hydrate and plump the skin. An eye surgeon injects hyaluronic acid into the eye during cataract surgery. The use of mouthwash and hyaluronic acid gel can also be beneficial for soothing mouth sores.

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Factor Influencing Market GrowthFactors driving the global hyaluronic acid market include the increasing demand for hyaluronic-based products such as moisturizers, dermal fillers, shampoos, others.

As ceramides, squalene, vitamin C, and other skincare ingredients become more widely accepted, this may slow down the growth of the global market for hyaluronic acid.

A growing consumer base in emerging economies will be a lucrative opportunity for the global hyaluronic acid market during the forecast period.

The increasing aging population and introduction of technologically advanced products will contribute to the overall market's growth.

Impact Analysis of COVID-19

During the early stages of the pandemic, COVID-19 restrictions led to a decline in hyaluronic acid demand due to its use in elective procedures and cosmetics. In addition, patients chose not to undergo procedures even in the latter stages of the pandemic to avoid infection, which adversely affected the global market, resulting in a decrease in revenue.

However, post-COVID-19, with the easing of pandemic restrictions across the globe and a high preference for injection-based elective procedures over surgeries, are forecast to boost the market. In addition, leading companies in different segments are launching new products to maintain their position. This factor will further drive the growth of the global market.

Regional Insights

In terms of volume, Asia-Pacific is forecast to grow at the highest CAGR during the forecast period. The top two investment countries in the market will be China and India during the forecast period. An important growth factor is the growing consumer base in industries such as cosmetics, pharmaceuticals, and nutraceuticals. Moreover, the region is home to major industrial players, particularly China. In addition, Chinese hyaluronic acid companies have a competitive advantage in their low cost.

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Leading Competitors

The leading prominent companies profiled in the global hyaluronic acid market are:

Contipro a.s. (Contipro)
Landec Corporation (Landec)
Anmol Chemicals Group (Anmol Chemicals)
Kewpie Corporation (Kewpie)
Shandong Topscience Biotech Co., Limited (Shandong Topscience)
Liuzhou Shengqiang Biotech Co., Limited (Shengqiang Biotech)
Shijiazhuang lateen chemical co., limited (Lateen chemical)
Shandong Focuschem Biotech Co., Limited (Focuschem Biotech)
Tiansheng Bio (TS-Bio)
Kikkoman Biochemifa Company (Kikkoman Biochemifa)
Allergan, Incorporated (Allergan)
Salix Pharmaceuticals, Incorporated (Salix)
Sanofi S.A.
Anika Therapeutics, Incorporated (Anika)
Smith and Nephew Plc. (Smith and Nephew)
Shiseido Company, Limited
Other Prominent Players

Scope of the Report

The global hyaluronic acid market segmentation focuses on Application, End-User, and Region.

Segmentation based on Application

Dermal fillers
Osteoarthritis
Single Injection
Three Injection
Five Injection
Ophthalmic
Vesicoureteral reflux

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Segmentation based on End-User

Cosmetics Industry
Pharmaceutical Industry
Nutraceutical Industry

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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