Market Size of Hyaluronic Acid Products Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.64 Billion |
| Market Size (2029) | USD 3.79 Billion |
| CAGR (2024 - 2029) | 7.46 % |
| Fastest Growing Market | Asia |
| Largest Market | Asia |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Hyaluronic Acid Market Analysis
The Hyaluronic Acid Products Market size is estimated at USD 2.64 billion in 2024, and is expected to reach USD 3.79 billion by 2029, growing at a CAGR of 7.46% during the forecast period (2024-2029).
Hyaluronic acid is a sought-after ingredient in cosmetics and skin care products due to its exceptional moisture-retaining properties. Thus, the demand for hyaluronic acid in skincare and cosmetics products has steadily risen. The increasing number of patients with osteoporosis and rheumatoid arthritis is leading manufacturers to produce hyaluronic acid-based supplements and injectables. Further, rapidly aging demographic profiles in the Asia-Pacific region, including Japan, Australia, and China, present massive opportunities for dietary supplement manufacturers to develop and increase revenues using hyaluronic acid as an active ingredient.
Over the forecasted period, market growth is anticipated to be fueled by the increasing preference for minimally invasive cosmeceutical procedures and the requirement for quicker results. The emergence of cost-effective treatments and products, growing aesthetic consciousness, and technological advancements are some drivers propelling the industry's expansion. Moreover, top players in different segments are launching new hyaluronic acid-based products to maintain their position. For instance, in 2022, K-Beauty Firm Amorepacific developed a blue hyaluronic acid, a moisturizing skincare ingredient. Therefore, the increasing demand for hyaluronic acid in various industries is anticipated to drive overall market growth.
