Hyaluronic Acid Raw Material Market

Hyaluronic Acid Raw Material Market Outlook (2024 to 2034)

The global hyaluronic acid raw material market is set to reach revenue worth US$ 7.05 billion in 2024, as per the recently updated market research conducted by proficient analysts at Fact.MR. Worldwide revenue from hyaluronic acid raw material sales is projected to increase at a CAGR of 5.2% and reach US$ 11.7 billion by the end of 2034.

Introduction of various technologically advanced products ensures localized drug delivery. Furthermore, the increasing count of aesthetic processes in multiple countries, including Japan, South Korea, China, Brazil, the United States, etc., is contributing to the expanding hyaluronic acid raw material market size. Hyaluronic acid raw materials are used extensively in various types of skincare products, including serums, anti-aging creams, moisturizers, etc., because of their plumping and moisturizing properties. The increasing interest of more consumers in skin rejuvenating and anti-aging products is contributing to the rising demand for hyaluronic acid raw materials across regions.

In addition, this material also finds application in OVDs (ophthalmic viscosurgical devices) utilized during eye surgeries, including corneal transplantation, cataract removal, etc. OVDs help protect tissues, maintain space, and facilitate surgical procedures. The growing cases of eye-related disorders are contributing to the rising requirements for hyaluronic acid raw materials in ophthalmology.

In recent years, there has been an increase in the use of hyaluronic acid raw materials for treating joint disorders, especially osteoarthritis, etc. This acid offers cushioning and lubrication to the affected joints, thereby helping in enhanced mobility and pain relief.

• North America is approximated to capture 17.5% of the global hyaluronic acid raw material market share by the end of 2034.
• Sales of hyaluronic acid raw materials in Japan are calculated to rise at a CAGR of 5.4% from 2024 to 2034.
• Demand for hyaluronic acid raw materials for use in ophthalmology is analyzed to accelerate at 5.7% CAGR and reach a market value of US$ 2.68 billion by 2034.

Report Attribute	Detail
Hyaluronic Acid Raw Material Market Size (2024E)	US$ 7.05 Billion
Forecasted Market Value (2034F)	US$ 11.7 Billion
Global Market Growth Rate (2024 to 2034)	5.2% CAGR
South Korea Market Growth Rate (2024 to 2034)	8% CAGR
Market Share of Ophthalmology Segment (2034F)	22.9%
East Asia Market Share (2034F)	24.6%
Key Companies Profiled	AbbVie Inc.; Royal DSM; Sanofi; Contipro; Lifecore Biomedical; Zimmer Biomet; Bloomage Freda Biopharm Co. Ltd.; HTL Biotechnology; Anika Therapeutics, Inc.; Shiseido; Maruha Nichiro, Inc.; Ferring B.V.; LG Life Sciences.

How is the Global Market for Hyaluronic Acid Raw Materials Evolving?

“Growing Consumption of Hyaluronic Acid Materials in Arthritis and Similar Treatments”

There is an increasing preference for technologically advanced drugs along with the growing use of hyaluronic acid raw materials in the osteoarthritis treatment process. In recent years, there has been a noteworthy increase in the count of approved therapeutic products, which is further contributing to the hyaluronic acid raw material market growth. Growing cases of arthritis are contributing to the increasing acceptance of hyaluronic acid raw materials in related treatments.

“Increasing Use of Hyaluronic Acid Raw Materials in Cosmetic Surgery Treatments”

There has been an increase in the cases of chronic wounds among diabetic patients. Moreover, growing requirements for the plastic surgery process are generating requirements for agents based on hyaluronic acid raw materials. The rising preference of the women population for anti-aging treatment is driving demand for hyaluronic acid raw materials due to their unique moisturizing and viscoelastic properties. In addition, these materials are also utilized in facial line correction processes around the eyes and mouth, pre-jowl sulcus, nasolabial folds, marionette lines, and cheek augmentation.

FDA approval for the use of hyaluronic acid raw materials for dermal fillers for fine line and wrinkle correction processes contributing to increased sales. The minimal risk of hyaluronic acid raw materials for allergic reactions is driving market growth.

What Issues Do Hyaluronic Acid Companies Need to Watch Out For?

“Higher Prices and Side Effects of Hyaluronic Acid Raw Materials”

Cost of hyaluronic acid raw materials is high, therefore end users with monetary constraints can't use them. In addition, side effects associated with the consumption of hyaluronic acid raw materials, including itching, vascular occlusion, etc., are limiting their demand.

Which Market Trends are Startups Leveraging to Penetrate This Business Landscape?

“Technological Advancements in Production Techniques”

Startups are focusing on increased investment in R&D activities conducted for technological advancements for the hyaluronic acid production process. Aspiring market players are investing in the production of more effective and environment-friendly solutions. Increased biocompatibility of these materials is also responsible for the growing use of hyaluronic acid raw material.

Country-wise Insights

East Asia is approximated to possess a share of 24.6% of the global market by the end of 2034, as asserted in the recently updated report by Fact.MR, a market research and competitive intelligence provider. Rising requirements for minimally invasive cosmetological processes are contributing to hyaluronic acid raw materials demand. Increasing awareness among more individuals about the availability of anti-aging and aesthetic procedures is contributing to the rising demand for hyaluronic acid in cosmetics.

What is Responsible for Growing Popularity of Hyaluronic Acid Raw Materials in the United States?

“High Demand for Aesthetic Treatments across the Country”

Attribute	United States
Market Value (2024E)	US$ 1.09 Billion
Growth Rate (2024 to 2034)	3.3% CAGR
Projected Value (2034F)	US$ 1.5 Billion

The United States is set to hold 73.5% share of the market in North America by the end of 2034. The country has recorded an increase in the demand for aesthetic treatment. Medical tourism based on cosmetic surgery is playing a vital role in the growing consumption of hyaluronic acid raw materials. In addition, sophisticated healthcare infrastructure and awareness among more patients about the availability of anti-aging and aesthetic procedures are driving demand for hyaluronic acid raw materials.

How is the Market for Hyaluronic Acid Raw Materials Shaping Up in China?

“Increasing Popularity of Hyaluronic Acid Raw Materials in Personal Care Products”

Attribute	China
Market Value (2024E)	US$ 894.4 Million
Growth Rate (2024 to 2034)	6.3% CAGR
Projected Value (2034F)	US$ 1.65 Billion

China is evaluated to account for 57.3% share of the market in East Asia by the end of 2034. Growing demand for personal care products, such as skincare products containing hyaluronic acids is attributed to their efficacy and affordability. This raw material is becoming more appealing due to its widespread applications and versatility.

Why is Japan a Conducive Market for Producers of Hyaluronic Acid Raw Materials?

“Presence of Well-established Personal Care & Grooming Industry”

Attribute	Japan
Market Value (2024E)	US$ 492 Million
Growth Rate (2024 to 2034)	5.4% CAGR
Projected Value (2034F)	US$ 829.1 Million

Japan is analyzed to capture a share of 28.8% of the East Asian market by 2034-end. The presence of a well-established personal care industry in the country is contributing to the widened application scope of hyaluronic acid raw materials. Anti-aging and moisturizing properties of these components are positively influencing hyaluronic acid raw material market trends.

Category-wise Insights

As revealed in the Fact.MR report, non-animal sources of hyaluronic acid raw materials are set to contribute significantly to global market revenue. The innovative approach of this source enhances the longevity and effectiveness of intra-articular treatment. Non-animal-sourced hyaluronic acid ensures sustained and more durable therapeutic solutions.

Which Application of Hyaluronic Acid Raw Materials Accounts for High Revenue Streams?

“Rising Use of Hyaluronic Acid Raw Materials in Ophthalmology”

Attribute	Ophthalmology
Segment Value (2024E)	US$ 1.54 Billion
Growth Rate (2024 to 2034)	5.7% CAGR
Projected Value (2034F)	US$ 2.68 Billion

Ophthalmology is calculated to occupy for 22.9% share of the global market by the end of 2034. Hyaluronic acid raw materials are utilized for the treatment of multiple ocular diseases, including keratoconus, eye syndrome, and various other corneal epithelial injuries. Hyaluronic acid provides lubricant and water retention properties.

Which Grade of Hyaluronic Acid Raw Material Is Popular?

“Surging Popularity of Pharmaceutical-grade Hyaluronic Acid Raw Materials”

Pharmaceutical-grade hyaluronic acid raw materials are becoming more popular for their special qualities, including offering cushioning, lubricating joints, etc. Various pharmaceutical companies are investing in the development of medical devices, novel formulations and drugs based on hyaluronic acid raw materials. Growing awareness about their therapeutic potential is contributing to increased demand.

Competitive Landscape

Key players in the hyaluronic acid raw material market are focusing on offering quality products and managing supply chain management systems. New product development, collaborations, acquisitions, etc., are helping market players get a competitive edge.

• Echelon Biosciences Inc. is a global supplier based in the United States with a specialization in the supply of assays, services, and biochemical reagents to Rand D laboratories. The company entered into a partnership with HTL Biotechnology Company for product development and distribution in April 2021. This will ensure the distribution of high-quality glycosaminoglycan (GAG) and hyaluronic (HA) and further increase GAG product development.

Fact.MR provides detailed information about the price points of key manufacturers of hyaluronic acid raw materials positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of Hyaluronic Acid Raw Material Market Research

• By Source :

  • Non-animal
  • Animal

• By Grade :

  • Pharmaceutical
  • Cosmetic
  • Orthopedic

• By Application :

  • Ophthalmology
    • Cataract Surgery
    • Aqueous Eye Drops
    • Contact Lenses
  • Orthopedics
    • Visco Supplements
    • Bone Regeneration
  • Dermatology
    • Intradermal
    • Dermal Fillers
    • Wound Healing
  • Drug Delivery
  • Medical Adhesion Prevention
  • Biomaterials & Implants
  • Cell & Tissue Prevention

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA