Global Hyaluronic Acid Market is projected to grow at a healthy CAGR

Global Hyaluronic Acid Market is projected to grow at a healthy CAGR

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence announces the publication of a new report on “Global Hyaluronic Acid Market - Forecasts from 2020 to 2025” to their offering.

A high rate of adoption of minimally invasive procedures of modern aesthetic medicine among others, a high rate of urbanization, increasing availability of disposable income, among others are expected to lead to nominal market growth.

As per the report, the global market pertaining to global hyaluronic acid was valued at USD 8.280 billion  in 2019

Hyaluronic Acid is inseparable from the field of modern aesthetic medicine and with the meteoric rise in demand for the latter, the healthcare industry has been witnessing a variety of developments which have been substantiated by a variety of product launches during the past few years. A few of them are being mentioned below.

November 2020 – Product Launch

Korea based Indigo Man has reportedly announced the launch of a Scientifically engineered, ready-to-use skincare mask which is easy to apply and intend for men. The product has been designed by dermatologists and is reported that innovatively employ Hyaluronic acid which is safe for all skin types to facilitate deep moisturizing benefits. Further, the launch of the product marks the use of Hyaluronic acid in men’s skincare products for the first time since prior to this launch Hyaluronic acid has been only used in women's skincare treatments, creams, and serums.

November 2020 – Product Launch

Florida based Trilogy Laboratories, LLC. which reportedly has 20 year of experience in ethical pharmaceutical product development and is known for developing highly effective private label skincare products for spas, salons, physicians, and medical professionals by employing therapeutic concentrations with scientifically proven ingredients had reportedly launched new Hydrating Treatment Shield which has reported to restores moisture simultaneously balancing and soothing skin which otherwise due prolonged wearing of the mask because of COVID 19 and the arrival of winter remains irritated. Hyaluronic acid is one of the four active ingredients which the product is known to contain.

November 2020 – Product Launch

A multipurpose hydrating mist which is known to have a dual-layer format that is known to combine anti-inflammatory essential oil and moisture layer with 8 t types of hyaluronic acid was reportedly launched by Korea based CTK COSMETICS (KOSDAQ: 260930) which is reportedly one of the world first factory free companies, that hold over 280 patents and actively engaged in the discovery of advanced technologies and formulae along with collaborating with cosmetics R&D centers, raw material companies, and labs to facilitate the development of new products.

November 2020 – Celebrity Partnership

Chicago-based Vital Proteins LLC. which America’s leading collagen brand and a lifestyle and wellness platform offering supplements, beverages, and food products which was founded with the mission to help people live healthier lives through high quality, sustainably-sourced collagen nutrition had reportedly partnered with Jennifer Aniston who was reported to join the organization as Chief Creative Officer facilitating new product innovation and who also have been vocal of the organization’s best-selling Collagen Peptides, which is known to contain hyaluronic acid, among others and is also reported to be Anniston’s favorite. This is also another instance where the field of aesthetic medicine has celebrities as their consumers which in turn helps drive the growth of the market.

November 2020 – Product Launch

Persona™, which is a Nestlé Health Science (NHSc) company and is known to create uniquely personalized vitamin programs which are backed by science and are known to employ bioavailable ingredients of high quality had reportedly announced the launch of new a new line up of vitamins and supplements which is an addition to its existing portfolio of products that offer its customers a means to achieve holistic wellness. Two of the products launched are namely ‘Beauty Wake’ that is known to contain floating hyaluronic acid along with other ingredients which helps maintain health from within and the other one is ‘Beauty Sleep’ which also reportedly contains floating hyaluronic acid, among others is a complementary supplement the aforementioned product and facilitates a stress-free existence. This is also. This also suggests the importance of hyaluronic acid in ingestible wellness products viz. Nutricosmetics whose market value in 2019 was estimated to be US$6.358 billion by Knowledge Sourcing Intelligence.

As a part of the report, the major players operating in the global hyaluronic acid market, which have been covered are Wellona Pharma, Seikagaku Corporation, Sanofi, Revitajal (Beauty Aesthetic Finland Oy), Plamed Green Science Group, Laboratoires Vivacy, S.A.S., Kewpie Corporation, Humedix. Co.Ltd, Cosmedica Skincare, Contipro a.s., Bohus BioTech AB, BioScience GmbH, Anika Therapeutics, Inc., Altergon Italy Srl, and Allergan (AbbVie Inc.)

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-hyaluronic-acid-market

This report segmented the global hyaluronic acid market on the basis following terms

  • By Application
    • Tissue Engineering
    • Osteoarthritis Treatment
    • Dermal Filler
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Others
    • Middle East and Africa
      • UAE
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • Others