Apr 2, 2019   SOURCE: BusinessWire

Global Hyaluronic Acid Market by Application & Geography - Growth, Trends and Forecasts (2019-2024) - ResearchAndMarkets.com

The "Global Hyaluronic Acid Market - Segmented by Application, and Geography - Growth, Trends and Forecasts (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

The global hyaluronic acid market is projected to grow at the rate of 5.2% during the forecast period 2018 to 2023.

A 2017 published study from “Clinical Cosmetic and Investigational Dermatology", reported reduction in wrinkles and improvement in skin luster after the intake of hyaluronic acid supplements post 12-week duration.

Growing Preference for Dietary Supplements Driving Market Growth

The dietary supplement manufacturers are making hyaluronic acid supplement in combination with collagen, vitamins, glucosamine in various forms such as tablets, oral liquid, and capsules. For example: Jarrow Foods, NOW Foods, Solaray, and NatureBell among others. The hyaluronic acid used in supplements are majorly derived from sources such as chicken cartilage and rooster combs.

Other prominent sources include bone broths, soy-based foods, starchy root vegetables, and citrus fruits (prevents degradation of compound). However, they are not direct sources of the compound so the bioavailability becomes low with age in the human body.

Increased Application of Hyaluronic Acid within the Cosmetic Industry

The amount of hyaluronic acid decreases with age and is one of the major factors responsible for ageing of the skin. According to Nutrition Journal study in 2014, it has demonstrated to help moisturize and enhance dry aging skin. The Journal of Clinical & Aesthetic Dermatology in 2014 had published that hyaluronic acid is effective in improving the appearance, texture and hydration of the skin - thus diminishing the depth of wrinkles.

The lower molecular weight of the compound results in higher penetration of compound in the skin. Hence, it has found application in anti-wrinkle and anti-aging cream, as well as in injectable cosmetic filler - which in turn is driving the market growth for hyaluronic acid as an ingredient.

Asia-Pacific at the Leading Front in the Market

By Region, Asia-Pacific accounted for highest share followed by North America, Europe, and others in 2017. Developed markets like US and Europe are importing the hyaluronic acid compound from Asia-Pacific countries such as China.

The rapidly ageing demographic profiles of the various countries in the Asia-Pacific region including Japan, Australia, and China have presented a huge opportunity for the dietary supplement and cosmetics industry to develop and gain increasing revenues in the hyaluronic acid market.

Key Players are: Kikkoman Biochemifa Company, Shandong Yinhe Biotechnology Co, Alfa Sagittarius, and Shiseido Company, Limited.

Topics Covered

1. INTRODUCTION

1.1 Scope of Study

1.2 Study Deliverables

1.3 Study Assumptions

1.4 Research Phases

2. HYALURONIC ACID MARKET INSIGHTS

2.1 Market Overview

2.2 Market Trends

2.3 Industry Attractiveness - Porter's Five Forces Analysis

2.3.1 Bargaining Power of Suppliers

2.3.2 Bargaining Power of Consumers

2.3.3 Threat of New Entrants

2.3.4 Threat of Substitute Products and Services

2.3.5 Degree of Competition

3. HYALURONIC ACID MARKET DYNAMICS

3.1 Drivers

3.2 Restraints

3.3 Opportunities

4. HYALURONIC ACID MARKET SEGMENTATION

4.1 By Application

4.1.1 Cosmetics Industry

4.1.2 Dietary Supplement

4.1.3 Pharmaceuticals Industry

4.1.4 Others

5. HYALURONIC ACID BY GEOGRAPHY

5.1 North America Hyaluronic Acid Market Size (2018-2023)

5.2 Europe Hyaluronic Acid Market Size (2018-2023)

5.3 Asia-Pacific Hyaluronic Acid Market Size (2018-2023)

5.4 South America Hyaluronic Acid Market Size (2018-2023)

5.5 Middle East & Africa Hyaluronic Acid Market Size (2018-2023)

6. HYALURONIC ACID MARKET COMPETITIVE LANDSCAPE

6.1 Most Active Companies

6.2 Market Share Analysis

6.3 Strategies Adopted by Leading Players

7. COMPANY PROFILES

7.1 Parry Nutraceuticals

7.2 Shandong Yinhe Biotechnology Co. Ltd.

7.3 Shandong Damy Biotechnology Co. Ltd.

7.4 Qufu Guanglong Biochemical Factory

7.5 Alfa Sagittarius

7.6 Shandong Topscience Biotech

7.7 Vital Esthetique

7.8 Shandong Damy Biotechnology Co. Ltd.

7.9 Baoding Faithful Industry Co. Ltd.

7.10 Kikkoman Biochemifa Company

7.11 Bioiberica S.A.U

7.12 Symatese S.A.S

7.13 Altergon Italia S.r.l.

7.14 Shiseido Company Limited

7.15 Merck & Co.

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