Hyaluronic Acid API Market Size is valued at USD 501.85 Mn in 2023 and is predicted to reach USD 1,392.64 Mn by the year 2031 at a 13.77% CAGR during the forecast period for 2024-2031.
Hyaluronic acid, when used as an active pharmaceutical ingredient (API), is highly esteemed for its adaptability and effectiveness in addressing various conditions that necessitate lubrication and moisture preservation. This applies to both internal applications in joints and external applications on the skin and tissues. The biocompatibility and limited adverse effects of this substance continue to fuel its increasing use in novel therapeutic and cosmetic preparations. As a result of rising incomes and better healthcare infrastructure, hyaluronic acid API products are reaching more people in developing markets. The world’s aging population is expanding at a rapid pace. The body’s natural production of hyaluronic acid declines with age, causing wrinkles to appear and skin to lose its flexibility. Hyaluronic acid active pharmaceutical ingredient demand has skyrocketed due to the increasing popularity of skin care products and dermal fillers formulated with hyaluronic acid to stave off the appearance of aging for as long as possible.
However, market growth is hampered by the expensive hyaluronic acid API production costs and the availability of alternative medicine. Additionally, hyaluronic acid API market potential may arise as a result of healthcare amenity price increases. In addition, modern biotechnological developments have reduced production costs and increased the efficiency of hyaluronic acid synthesis. More and more people are learning about the importance of skincare and its advantages, which has boosted the demand for the hyaluronic acid API market.
The hyaluronic acid API market is segmented based on type and application. Based on type, the market is segmented into animal tissue and microbial fermentation. As per the application segment, the market is segmented into cosmetics, medical and food.
The animal tissue hyaluronic acid API market is expected to lead with a major global market share in 2023 because of its efficacy and great biocompatibility. Animal tissue-derived hyaluronic acid, primarily from rooster combs and bovine vitreous humor, has a molecular structure that is very similar to naturally occurring human hyaluronic acid. This is very important for uses that require biocompatibility, like lip fillers, eye surgeries, and treatments to smooth out joints. Treatments are more effective, and side effects are less likely due to the resemblance, which helps reduce the body’s immune response factor, fueling the market’s expansion.
The cosmetics segment is growing rapidly because of its remarkable moisturizing characteristics, which aid in maintaining skin hydration and provide a full, young look. Hyaluronic acid is highly prized in the cosmetics business. An expanding number of cosmetics, including serums, moisturizers, foundations, and lip treatments, contain hyaluronic acid API as a key ingredient to combat the signs of aging and promote healthy skin. The market for cosmetics based on hyaluronic acid API has been further boosted by the growing awareness of the benefits of using clean, scientifically-backed skincare components.
The North American hyaluronic acid API market is expected to record the maximum market revenue share in the near future. Due to a rising focus on skincare and anti-aging products and a large concentration of well-known cosmetics and pharmaceutical brands. In addition, Europe is estimated to grow rapidly in the global hyaluronic acid API market because the availability of high-quality hyaluronic acid API is assured by the region’s strong regulatory framework for product approvals and safety regulations, an increase in the presence of key market competitors, and the rising cost of healthcare in the area.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 501.85 Mn |
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Revenue Forecast In 2031 |
USD 1,392.64 Mn |
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Growth Rate CAGR |
CAGR of 13.77% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type And Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Bloomage Biotech, Focus Chem, Fufeng Group, AWA Biopharm, China Eastar Group, Kewpie, Seikagaku, HTL Biotechnology, Fidia Farmaceutici and Other market players. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Hyaluronic Acid API Market Snapshot
Chapter 4. Global Hyaluronic Acid API Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:
5.2.1. Animal Tissue
5.2.2. Microbial Fermentation
Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
6.2.1. Cosmetics
6.2.2. Medical
6.2.3. Food
Chapter 7. Hyaluronic Acid API Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.1.2. North America Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.1.3. North America Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.2. Europe
7.2.1. Europe Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.2.2. Europe Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.2.3. Europe Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.3.2. Asia-Pacific Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.3.3. Asia Pacific Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.4. Latin America
7.4.1. Latin America Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.4.2. Latin America Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.4.3. Latin America Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.5.2. Middle East & Africa Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.5.3. Middle East & Africa Hyaluronic Acid API Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Bloomage Biotech (China)
8.2.2. Focus Chem (China)
8.2.3. Fufeng Group (China)
8.2.4. AWA Biopharm (China)
8.2.5. China Eastar Group (Japan)
8.2.6. Kewpie (Japan)
8.2.7. Seikagaku (Japan)
8.2.8. HTL Biotechnology (China)
8.2.9. Fidia Farmaceutici (Italy)
8.2.10. Other Prominent Players
Hyaluronic Acid API Market By Type-
Hyaluronic Acid API Market By Application-
Hyaluronic Acid API Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
