The hyaluronic acid market is projected to reach approximately $16.4 billion by 2032, driven by a rise in the market for nutrient-dense goods, which has forced major manufacturers to use hyaluronic acid to gain a competitive edge.
The global hyaluronic acid market is expected to develop at a compound annual growth rate (CAGR) of 6.4% and reach a size of around US$ 16.4 billion by 2032, according to Future Market Insights (FMI).
Growing consumer demand for dietary supplements and meals high in nutrients is considered to be the main factor propelling the market’s expansion. To meet the growing demand, large manufacturers are progressively adding fortified ingredients, such as hyaluronic acid, to their products.
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Application in dietary supplements with fortified nutrients for general human body development is projected to fuel the increase as customers become more aware of hyaluronic acid’s advantages.
The cells of the human body contain the naturally occurring molecule hyaluronic acid. The fluids of the eyes and joints have the highest levels of hyaluronic acid.
Hyaluronic acid demand is therefore anticipated to increase throughout the course of the assessment period in the pharmaceutical and cosmetics industries. This is as a result of its nutrition and moisturising properties, which moisturise and plump the skin.
Key Takeaways from Market Study
- Based on grade, the pharmaceuticals segment is anticipated to account for around 33.2% of the market share over the forecast period.
- North America hyaluronic acid market is expected to witness a lucrative growth rate of 7.0% CAGR during the forecast period.
- East Asia is expected to account for 25.6% in the global hyaluronic acid market through 2032.
- In terms of end-use, the food industry is expected to hold a market share of over 15.2% over the forecast period
“Manufacturers are developing hyaluronic acid-based supplements and injectable in response to the rising incidence of osteoporosis and rheumatoid arthritis. As a result of growing prevalence of bone and joint problems, the market for hyaluronic acid is expected to increase significantly during the forecast period.” says a Future Market Insights analyst.
Competitive Landscape
Market participants are always pursuing joint ventures, mergers and acquisitions, and other strategic efforts. Archer Daniels Midland Company and Royal DSM are two significant companies attempting to expand their global footprints and capacities.
Leading corporations in fast-growing regions such as East Asia and South Asia are also striving to broaden their product lines in order to get a competitive advantage.
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global hyaluronic acid market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on grade (cosmetics industry, pharmaceutical industry, dietary supplements), end-use (pharmaceutical industry, dermatology clinics & cosmetic surgery centers, food industry, personal care) across seven major regions of the world.
Hyaluronic Acid Market by Category
By Grade:
- Food Grade
- Pharmaceutical Grade
- Dietary Grade
By End-Use:
- Pharmaceutical Industry
- Dermatology Clinics & Cosmetic Surgery Centers
- Food Industry
- Personal Care
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports about the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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