According to Future Market Insights (FMI), the worldwide hyaluronic acid supplement market is anticipated to reach US$ 2,281.6 million in 2024 and US$ 3,405.1 million by 2034. By 2034, global hyaluronic acid supplement demand is set to rise at a CAGR of 4.1%.
Increasing consumer knowledge of hyaluronic acid’s advantages for well-being, joint health, and skincare is projected to fuel the market. Influencers, skincare experts’ recommendations, and manufacturers’ intensive marketing campaigns are further projected to push demand for hyaluronic acid supplements.
Growing demand among older demographics for supplements that can replenish hyaluronic acid levels and alleviate age-related concerns propels the market. With an emphasis on active lifestyles, athletes and fitness enthusiasts are turning to these supplements to support joint health and recovery from exercise-induced strain.
Hyaluronic acid supplement products are gaining traction due to technological developments, population growth, urbanization, and changing consumer preferences. Furthermore, favorable government policies, incentives, and subsidies for renewable energy projects fuel market growth. Cost reductions in production and installation, propelled by economies of scale, technological developments, and increased competition, make hyaluronic acid supplements more affordable and accessible.
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Government regulations and initiatives worldwide have also facilitated market development. The market is poised for continued expansion, driven by ongoing research and development efforts to enhance product quality and efficacy. The hyaluronic acid supplement market is expected to maintain its upward trajectory, offering lucrative opportunities for industry players in the foreseeable future.
Key Takeaways from the Hyaluronic Acid Supplement Market Report:
- The global hyaluronic acid supplement market is expected to reach a valuation of US$ 3,405.1 million by 2034.
- Japan is projected to hold a dominant value share of 5.4% in 2034.
- The United States is projected to reach a valuation of US$ 872.4 million by 2034.
- India is projected to reach a valuation of US$ 134.1 million by 2034.
- Based on the product, the capsule segment is set to rise at a CAGR of 3.2% by 2034.
“Hyaluronic acid manufacturers are targeting millennials and environmentally conscious consumers to expand their market share in beauty and skincare essential sector. The market is experiencing significant growth due to increased awareness of hyaluronic acid’s benefits and social media influence worldwide.”– Nandini Roy Choudhury, Client Partner at Future Market Insights
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Competitive Landscape
SMP Nutra Rite Aid, Nutrawise, NOW, DOC PHARMA SA, NatureBell, Bioiberica, Kewpie, GMP Laboratories, and Chambio are key hyaluronic acid supplements manufacturers listed in the report. Leading companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market.
For instance,
- In 2019, Alma announced the launch of Profhilo®, a cutting-edge hyaluronic acid-based product used in Hong Kong for cosmetic procedures.
- In May 2023, Allergan Aesthetics received United States FDA approval for its product ‘Skinvive,’ a hyaluronic acid intradermal microdroplet injection.
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Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global hyaluronic acid supplement market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the hyaluronic acid supplement market based on product (tablets, capsule, powder, liquid), application (skin health, eye health, joint health, others), distribution channel (offline, online), and region.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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