The global hyaluronic acid industry generated $1.0
billion in 2020, and is anticipated to generate $2.1 billion by
2030, witnessing a CAGR of 8.1% from
2021 to 2030. Allied Market Research published a report,
titled, "Hyaluronic Acid Market by End-Use Industry (Cosmetic
Industry, Pharmaceutical Industry, and Nutraceutical Industry): Global
Opportunity Analysis and Industry Forecast, 2021–2030".
Prime determinants of growth
High benefits of
hyaluronic acid in the cosmetic industry and increase in adoption of
nonsurgical cosmetic procedures drive the growth of the global hyaluronic acid
market. However, presence of alternatives to hyaluronic acid hinders the market
growth. On the other hand, technological advancements in hyaluronic acid
present new opportunities in the coming years.
Download Free Sample of Report: https://www.alliedmarketresearch.com/request-sample/7845
Leading Market Players
·
Contipro a.s.
·
Landec Corporation
·
Anmol Chemicals Group
·
Kewpie Corporation
·
Shandong Topscience Biotech Co., Ltd.
·
Liuzhou Shengqiang Biotech Co.,Ltd.
·
Shijiazhuang lateen chemical co., ltd.
·
Shandong Focuschem Biotech Co., Ltd.
·
Tiansheng Bio
·
Kikkoman Biochemifa Company
Covid-19 Scenario
The outbreak of
the COVID-19 pandemic has had a negative impact on the growth of the global
hyaluronic acid market.
The
implementation of lockdown led to halt the manufacturing activities in the
industrial sectors, which correspondingly hampered hyaluronic
acid manufacturing facilities.
The raw material
procurement was also a challenge for manufacturers, owing to labor
shortages and disrupted supply chain.
The pharmaceutical
industry segment to maintain its leadership status throughout the forecast
period
Based on end use
industry, the pharmaceutical industry segment held the highest market share in
2020, accounting for more than half of the global hyaluronic acid market, and
is estimated to maintain its leadership status throughout the forecast period.
Moreover, the same segment is projected to manifest the highest CAGR of 8.5%
from 2021 to 2030, owing to favorable governmental policies in several regions.
The report also discusses the cosmetic and nutraceutical industries.
Get
Detailed COVID-19 Impact Analysis on the Hyaluronic Acid Market @ https://www.alliedmarketresearch.com/request-for-customization/7845?reqfor=covid
Asia-Pacific, followed by North America, to
maintain its dominance by 2030
Based on
region, Asia-Pacific, followed by North America, held the highest
market share in terms of revenue 2020, accounting for more than four-fifths of
the global hyaluronic acid market. Moreover, the Asia-Pacific region
is expected to witness the fastest CAGR of 8.3% during the forecast
period. This is attributed to the presence of established consumer bases such
as pharmaceutical, cosmetics industry, and others. The report also
discusses North America, Europe, and LAMEA.
Buy
Latest Version of Report, Visit Here:
https://www.alliedmarketresearch.com/hyaluronic-acid-market/purchase-options
Avenue
Basic Plan | Library Access | 1 Year Subscription |
Sign up for
Avenue subscription to access more than 12,000+ company profiles and 2,000+
niche industry market research reports at $699 per month, per seat.
For a year, the client needs to purchase minimum 2 seat plan.
Avenue
Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get
more information: https://www.alliedmarketresearch.com/library-access
About
Us:
Allied Market
Research (AMR) is a full-service market research and business-consulting wing
of Allied Analytics LLP based in Portland, Oregon. Allied Market Research
provides global enterprises as well as medium and small businesses with
unmatched quality of "Market Research Reports" and "Business
Intelligence Solutions." AMR has a targeted view to provide business
insights and consulting to assist its clients to make strategic business
decisions and achieve sustainable growth in their respective market domain.
Pawan
Kumar, the CEO of Allied Market Research, is leading the organization
toward providing high-quality data and insights. We are in professional
corporate relations with various companies and this helps us in digging out
market data that helps us generate accurate research data tables and confirms
utmost accuracy in our market forecasting. Each and every data presented in the
reports published by us is extracted through primary interviews with top
officials from leading companies of domain concerned. Our secondary data
procurement methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn |
Twitter
No comments:
Post a Comment