Market Overview

Hyaluronic Acid Products market is projected to grow at a CAGR of 9.8% till 2024. Hyaluronic acid is a naturally occurring chemical in the Human body which has many functions from moisturizing to damage reduction and acts as a natural fluid. It is being used in a wide range of products like drugs treating osteoarthritis and Mouth Ulcers, used in drugs for Eye surgeries, as a Lip Filler, as a Moisturizer and in anti-ageing products etc. Based on its properties, companies are increasingly developing Anti-aging and Skin serum products with Hyaluronic acid. As consumers are becoming health conscious, Hyaluronic acid products are being highly pursued by consumers.

Scope of the Report

Hyaluronic Acid Products market covers all the products which use Hyaluronic Acid as a major ingredient. These include skin serums, anti-ageing serums and lotions, Moisturizing Lotions, Lip Fillers, Lip Sticks, Make-up products, Mouth Ulcer Gels, Osteoarthritis Drugs, Eye drugs etc.

Key Market Trends

Cosmetic Companies Embracing Hyaluronic Acid

Skin moisturizing is one of the key aims of the commercially available skin care products. In order to keep the skin in good condition, the cosmetic formulations should contain active compounds which are able to bind water and hence are responsible for water retention. One of the most widely applied active ingredient showing such properties is hyaluronic acid. Its physicochemical and biological properties are responsible for proper tissue hydration and transport of ions and nutrientsHyaluronic Acid holds 1000 times its own weight in water. This property is being used in a large number of cosmetic products that come with Anti-ageing and Moisturizing benefits. Along with moisturizing, other keys benefits of hyaluronic acid include healing wounds and aiding in UV-damage repair. These special properties of Hyaluronic Acid is driving sales of products with Hyaluronic acids.

Increased cases of Orthopedic Disorder

Hyaluronic acid supplements are very helpful for people suffering from orthopedic, a type of degenerative joint disease caused by wear and tear on the joints over time. Hyaluronic acid can also be injected directly into the joints for pain relief. The hyaluronic acid market primarily thrives on the aging population that is highly susceptible to incontinence, bone injuries, and fractures. Aging or geriatric population is one of the largest target segments for hyaluronic acid based products, worldwide. ?Osteoporosis, osteoarthritis, and orthopedic disorder are some of the most common autoimmune diseases faced by the global population. The growing number of patients for osteoporosis and rheumatoid arthritis is leading manufactures to produce hyaluronic acid based, supplements and injectable. Moreover, treatment of osteoarthritis is also approved by the U.S. FDA in 2015 by using hyaluronic acid.
Competitive Landscape

The most active companies in the global hyaluronic acid market includes : Loreal, Unilever, Avon, etc which are aggressively launching skin care and personal care products with Hyaluronic acid formulations. Hyaluronic acid, being an ingredient with therapeutic properties, has a higher price, when compared to its substitute products, like collagen, omega-3, chondroitin sulfate, glucosamine, etc., which provide similar benefits. Key strategies adopted by the players in the hyaluronic acid market are product innovations, partnerships, and mergers and acquisitions. Companies are trying to collaborate with universities and other research institutions for research activities, which would lead them for high product innovations specific to the end-user application. This is would help them to increase the market by volume.
Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client’s requirements
  • 3 months of analyst support