Yahoo Finance The Global Hyaluronic Acid Personal Care Products Market is Expected to Reach US$ 7.36 billion by 2033, Says Future Market Insights, Inc.
China holds a 40% share of the Asia Pacific Hyaluronic Acid Personal Care Products Market and is projected to expand at a CAGR of over 8.5%. North America is set to continue its market success story, with estimates projecting a robust period ahead
NEWARK, Del, Jan. 30, 2023 (GLOBE NEWSWIRE) -- In 2033, the global market for hyaluronic acid personal care products is expected to reach US$ 7.36 billion, up from US$ 3.26 billion in 2023. This market is expected to register an 8.5% CAGR over the next few years, due to growing concerns about the appearance of aging populations.
It is easy to purchase these products online and through other retail channels, such as beauty salons, pharmacies, supermarkets, and specialty stores, without requiring a prescription. Hyaluronic acid improves the appearance of skincare products by reducing flaking and restoring suppleness to damaged or dry skin.
The use of hyaluronic acid, for instance, can reduce wrinkles, plump up the skin, and improve skin texture overall. Furthermore, the product offers moisture-retaining film properties, anti-wrinkle, anti-irritation properties, nutrition delivery, and free radical scavenging properties. Due to these properties, cosmetic-grade hyaluronic acid is also becoming increasingly popular in skincare, makeup, cleansing, and hair care.
Request Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-16595
Key Takeaways from Market Study
· The hyaluronic acid personal care products market is expected to record a CAGR of 8.5% over the forecast period.
· According to estimates, the market in North America is likely to remain strong throughout the length of the forecast period.
· In terms of product, the serum segment accounts for a significant share of the market, since they are more effective at penetrating the skin.
· China holds a 40% share of the Asia Pacific market and is projected to expand at a CAGR of over 8.5%.
Competitive Landscape:
Several prominent companies dominate this market, including Shiseido Co., Ltd., CeraVe, L’oréal Paris, La Roche Posay, Johnson & Johnson Consumer Inc. (Neutragena), SkinCeuticals, The Ordinary (Deceim Beauty Group, Inc.), Heraux (Carthronix), Innisfree (Amorepacific US, Inc.), Saro De Rúe, Beautiful Korea and others.
Several domestic and international manufacturers are present in the market, and they are continually investing in research and development, making the market highly fragmented. It is common for companies to innovate their products and collaborate with celebrities and social media influencers to gain more customers.
Manufacturers of these products can gain a larger share of the market, expand their product portfolios, and expand their geographical reach by engaging in these activities. By partnering with other companies, key players can also gain access to new markets and advanced technologies. They can also acquire companies, merge, and diversify their portfolios as well.
Recent Developments:
· A freeze-dried hyaluronic acid system that offers clinically proven benefits for the skin was introduced by Saro De Re in January 2021.
· In March 2021, Royal DSM, a global science-based company focused on nutrition, health, and sustainability, launched three forms of hyaluronic acid. HYA-ACT Medium Molecular Weight (MW 1.0-1.3 MDa) enhances skin hydration and strengthens the skin's protective barrier. HYA-ACT XS Molecular Weight (MW 37-56 kDa) pumps out fine lines and wrinkles and locks in moisture for an even greater hydration boost and calms reddened skin, while HYA-ACT Small Molecular Weight (MW 200-400 kDa) locks in moisture for an even greater hydration boost and calms reddened skin.
· In February 2020, Seikagaku Corporation, Japan-based pharmaceutical research and development company announced that it had acquired Dalton Chemical Laboratories Inc, a Canadian drug manufacturer. As a result of this acquisition, Seikagaku is able to strengthen its market position, as well as expand its research and development operations.
View Complete Report@ https://www.futuremarketinsights.com/reports/hyaluronic-acid-personal-care-products-market
By Category
By Product:
Skin Creams
Skin Lotions
Toner
Serum
Moisturize
By Price:
High/Premium
Medium
Low
By Application:
Dermal Fillers
Ophthalmic
By Distribution Channel:
Supermarket/Hypermarket
Specialty Stores
Company Owned Websites
Online Retailing
Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-16595
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
Buy Now@ https://www.futuremarketinsights.com/checkout/16595
Have a Look at Related Reports of Healthcare domain
Combat Dressing Market Size: The global combat dressing market is expected to garner a market value of US$ 5.4 Million in 2022, expected to register a CAGR of 2.4%. The market is projected to surpass a market value of US$ 7 Million during the forecast period 2022 to 2032.
Stone Analysis Software Market Share: The stone analysis software market is poised to witness a CAGR of 3.2% during the forecast period. Over this projection period, the stone analysis software market share is estimated to reach a net worth of US$ 72.9 Million by 2032.
Air Fluidized Therapy Beds Market Demand: Global air fluidized therapy bed sales are expected to reach US$ 625.3 Million in 2022, forecast to grow at a CAGR of 6% to be valued at US$ 1185.6 Million from 2022 to 2032. Air fluidized therapy beds have shown an overall growth of a 4.7% CAGR from 2017 to 2021.
Cholesterol API Market Growth: The global cholesterol API market is anticipated to be valued at ~US$ 426.9 Million by 2032. Animal-derived sources are leading the market and held a share of about 52.7% in 2021.
Pressotherapy Systems Market Overview: The global pressotherapy systems market size was valued at US$ 174.0 Million in 2021 and is further projected to expand at a CAGR of 4.1% during the forecast period (2022 to 2032).
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, U.S., and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
