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Hyaluronic Acid Market Demand to Nearly Double as Sales in Pharmaceutical Industry to Account for 1/3rd of Overall Sales | Future Market Insights, Inc.

·5 min read
Future Market Insights Global and Consulting Pvt. Ltd.
Future Market Insights Global and Consulting Pvt. Ltd.

As per Future Market Insights (FMI), the hyaluronic acid market is driven by increased demand for hyaluronic acid-based products such as dermal filters, moisturizers, shampoo etc. in cosmetics industry

DUBAI, United Arab Emirates, Aug. 28, 2022 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global hyaluronic acid market is set to witness growth at a CAGR of 6.4% and is anticipated to reach a valuation of around US$ 16.4 Bn by 2032.

Growth in the market is attributed to rising demand for nutritional supplements and healthy food products. Hence, key manufacturers are increasingly using fortified agents such as hyaluronic acid in their products to capitalize on the growing demand.

As consumers are becoming more aware of the benefits of hyaluronic acid, application in dietary supplements with fortified nutrients for general human body development is expected to drive the growth.

Hyaluronic acid is a naturally occurring chemical that can be found in the cells of the human body. The largest concentrations of hyaluronic acid are found in the fluids of the eyes and joints.

Hence, demand for hyaluronic acid in cosmetics and pharmaceutical industries is expected to rise over the assessment period. This is due to its moisturizing characteristics and nutrition to hydrate and plump the skin.

To Get Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15266

Key Takeaways from Market Study

  • Based on grade, the pharmaceuticals segment is anticipated to account for around 33.2% of the market share over the forecast period.

  • North America hyaluronic acid market is expected to witness a lucrative growth rate of 7.0% CAGR during the forecast period.

  • East Asia is expected to account for 25.6% in the global hyaluronic acid market through 2032.

  • In terms of end-use, the food industry is expected to hold a market share of over 15.2% over the forecast period

“Manufacturers are developing hyaluronic acid-based supplements and injectable in response to the rising incidence of osteoporosis and rheumatoid arthritis. As a result of growing prevalence of bone and joint problems, the market for hyaluronic acid is expected to increase significantly during the forecast period.” says a Future Market Insights analyst.

Competitive Landscape

Market participants are always pursuing joint ventures, mergers and acquisitions, and other strategic efforts. Archer Daniels Midland Company and Royal DSM are two significant companies attempting to expand their global footprints and capacities.

Leading corporations in fast-growing regions such as East Asia and South Asia are also striving to broaden their product lines in order to get a competitive advantage.

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-15266

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global hyaluronic acid market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on grade (cosmetics industry, pharmaceutical industry, dietary supplements), end-use (pharmaceutical industry, dermatology clinics & cosmetic surgery centers, food industry, personal care) across seven major regions of the world.

Hyaluronic Acid Market by Category

By Grade:

  • Food Grade

  • Pharmaceutical Grade

  • Dietary Grade

By End-Use:

  • Pharmaceutical Industry

  • Dermatology Clinics & Cosmetic Surgery Centers

  • Food Industry

  • Personal Care

By Region:

  • North America

  • Latin America

  • Europe

  • East Asia

  • South Asia

  • Oceania

  • The Middle East and Africa

Buy now@ https://www.futuremarketinsights.com/checkout/15266

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports about the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

Table of Content

1. Executive Summary

  1.1. Global Market Outlook

  1.2. Demand-side Trends

  1.3. Supply-side Trends

  1.4. Technology Roadmap Analysis

  1.5. Analysis and Recommendations

2. Market Overview

  2.1. Market Coverage / Taxonomy

  2.2. Market Definition / Scope / Limitations

3. Market Background

  3.1. Market Dynamics

      3.1.1. Drivers

      3.1.2. Restraints

      3.1.3. Opportunity

      3.1.4. Trends

  3.2. Scenario Forecast

      3.2.1. Demand in Optimistic Scenario

      3.2.2. Demand in Likely Scenario

      3.2.3. Demand in Conservative Scenario

  3.3. Product launches & Recent Developments

  3.4. Product Life Cycle Analysis

  3.5. Value Chain Analysis

Get Detailed Table of Content with Figures@ https://www.futuremarketinsights.com/toc/rep-gb-15266

Explore FMI’s related ongoing Coverage on Food and Beverage Domain

Citric Acid Market Size: Citric Acid Market by Application, End Use, Form, Grade & Region for 2021 – 2031 | Global Sales Analysis and Opportunity – 2031.

Essential Fatty Acids Market Share: Essential Fatty Acids Market is projected to total US$ 4072 Mn in 2017. Expanding at 9.5% CAGR, total revenue is anticipated to reach US$ 10 Bn by 2027.

Food Amino Acids Market Trends: Food Amino Acids Market is estimated to be USD 11.6 billion in 2032, registering at a CAGR of 8.1% during 2022-2032.

Organic Acid Market Demand: Organic acid market to increase at a steady CAGR of 5.3% over the forecast period, with the organic acid market size reaching US$ 18.8 Bn by 2032.

Salicylic Acid Market Outlook: Salicylic acid market size is estimated to be valued at US$ 417.8 million in 2022 and is expected to reach a valuation of US$ 814.2 Mn by 2032, with a CAGR of 6.9% from 2022 to 2032.

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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