According to the research report titled ‘Global Hyaluronic Acid Market Research Report: Forecast (2021-2026)’, available with Market Study Report, global hyaluronic acid market is projected to register a y-o-y growth rate of 8% during 2021-2026.
 

Growing elderly population and rising prevalence of ulcers and gingivitis are the primary factors driving the growth of global hyaluronic acid market. Moreover, increasing incidences of orthopedic diseases due to rising obese population along with escalating demand for minimally invasive procedures are propelling the growth of the worldwide market.
 

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Additionally, increasing investments for advancements in research and development, innovative product launches are further enhancing the market outlook.
 

For the record, WHO cites the population of the world aged above 60 is going to spike from 12 percent to 22 percent between 2015-2050, indicating a rise in health cases and hyaluronic acid demand.
 

For those unaware, hyaluronic acid is a clear viscous substance which is produced naturally in our body. It is generally present in the eyes, skin, and connective tissues of the body. This acid basically acts a shield for the joints and tissues of the body to remain moist and lubricated.
 

However, the Covid 19 pandemic has had a negative impact on the growth of the hyaluronic acid industry with stricter regulations and shortage of supplies.
 

Based on grade, global hyaluronic acid industry is segmented into cosmetic grade, food grade and pharmaceutical grade. From these, cosmetic grade segment held the largest market share in 2019 and is expected to bolster through the forecast duration owing to introduction of a variety of hyaluronic-based cosmetic products. Moreover, unhealthy food habits, increasing pollution, and changing lifestyles have led to rise in skin ailments, thereby enhancing the demand for cosmetic grade hyaluronic acid.
 

Speaking of the application ambit, the industry space is fragmented into aesthetics, dietary supplements, pharmaceutical ingredients, osteoarthritis, cosmetics and ophthalmology including others. As per the report, osteoarthritis segment is expected to grow substantially during 2021-26 owing to rising geriatric populace that is at a larger risk to bone and joint issues.
 

Considering the end user spectrum, the industry is classified into pharmaceutical, personal care, dermatology & cosmetics and food. Moving on to product domain, the market is divided into hyaluronic acid sodium and hyaluronic acid injection. On the basis of dosage, the marketplace is divided into single and multiple dosage.
 

As per regional framework, Asia-Pacific market is poised to grow substantially over the forecast period, wherein Japan will grow at the highest rate due to larger number of aged people in the region. Moreover, increasing number of bone related issues along with evolving healthcare services and expanding research and development will positively sway the business dynamics in the region.
 

Leading players in the worldwide hyaluronic acid market are Kewpie Corporation, Contipro, Ferring Pharmaceuticals, Seikagaku Corporation, Fidia Farmaceutici S.p.A., Sanofi S.A., Anika Therapeutics Inc., and Allergan plc.