Global Hyaluronic Acid Market to Expand with 6.3% CAGR, Forecasted to Reach USD 17.9 Billion by 2034
The global hyaluronic acid market is poised for a remarkable surge, with a projected CAGR of 6.3% through 2034. The industry value is set to jump from USD 9,694.6 million in 2024 to USD 17,927 million by 2034. The hyaluronic acid industry is being driven by the increasing demand for minimally invasive cosmetic procedures is boosting the use of hyaluronic acid in dermal fillers and injectables, particularly in regions like North America and Europe.
The rising prevalence of skin-related issues such as dryness, wrinkles, and fine lines due to factors like pollution and stress is fueling the demand for hyaluronic acid-based skincare products. Thirdly, the growing aging population worldwide, especially in countries like Japan and South Korea, is contributing to the expansion of the anti-aging skincare market, where hyaluronic acid plays a crucial role in maintaining skin hydration and elasticity. Lastly, advancements in biotechnology and formulation techniques are enhancing the efficacy and safety of hyaluronic acid products, driving their adoption across various applications in the pharmaceutical, cosmetic, and medical sectors.
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