Hyaluronic Acid is naturally produced by our body and according to the region where it is produced its function can vary but it’s simple and overall function is to provide lubrication between the connective tissue and bones and also to give that hydrated look to the body. But, many people nowadays are not producing enough of this hyaluronic acid in their body owing to the shift in normal eating habits and urbanization so, they have to take its supplement from outsourcing, to provide the essential amount of hyaluronic acid in the body so that its objective can be fulfilled. Apart from all these, it has special properties that have increased its market value like- wound healing, and aid in inflammation. Also, it has additional properties of making the body look hydrated and helps in preventing early aging of the skin. Hyaluronic acid has successfully replaced collagen in the beauty industry as it has dermal filler properties. Hyaluronic acid is new to the industry and has been used as a key ingredient by the cosmetic industrialists in conman due to the hyaluronic acid efficient and remarkable difference in the industry, many industrialists are spending their big chunks into the R&D to develop more hidden features of hyaluronic acid.
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Increasing Demand for Hyaluronic Acid Owing To the Increasing dehydrated and joint pain among the Demographics
According to a National Health Interview Survey conducted between 2010-2012 about 52.5 million adults in the U.S. are suffering from Osteoarthritis (OA) which is a degenerative joint disease caused by the deficiency of hyaluronic acid in the body. Hence North America can be seen as a huge region to invest upon also, hyaluronic acid has a wide market across the globe due to its efficiency in rehydrating the dehydrated skin. Hence, the industrialist can invest in any region they want to as the demand for hyaluronic is going to increase in the future.
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Global Hyaluronic Acid: Market Segmentation
On the basis of nature, the global hyaluronic acid market has been segmented as-
On the basis of end- use industries, the global hyaluronic acid has been segmented as-
- Food industry
- Dietary supplement
- Cosmetic industry
- Plastic- surgery injections
- Sun protect
- Anti-ageing creams
- Medical industry
- Intra-articular injection to treat osteoarthritis
- Eye- surgical operation
- Wound healing
- Pain killer
- Horse in racing
- Other animal – conman arthritis
On the basis of sales channels, the global hyaluronic acid can be segmented as-
- Specialty stores
- Online stores
Global Hyaluronic Acid: Key Players
The global hyaluronic acid market is increasing because of its specific nature of rehydrating the skin and providing lubrication in cartilage and other skeletal parts of the body. Some of the global key manufacturers and suppliers of hyaluronic acid are- Contipro a.s., Symatese, Revitajal, Merck KGaA. Parchem fine & specialty chemicals, Novozymes, Quimper, S.A., and OPTIMA packaging group GmbH. Except them, more industrialists and manufacturers are showing a keen interest in the hyaluronic acid market as the Osteoarthritis problems are increasing at a very wide pace, throughout the world and the people dependency over this product has also increased down the line.
Opportunities for Market Participants:
Hyaluronic acid has attained a lot of attention in the market during a very short course of time due to its numerous health benefits, organic and natural nature. It has anti-aging and healing properties owing to its quick addition of dermal fillers to the skin than that of collagen that helps hyaluronic acid to mark its special place in the surgery recovery. Also, it has a huge application during the Ophthalmology by providing immediate reconstruction after the surgery. And during Osteoarthritis, it helps the bones to regain the lost viscoelasticity and provides immediate relief from the joint pains. Hyaluronic acid is quite helpful in healing the wounds like- abrasions, second and third-degree burns, and external injury. Hence, hyaluronic acid is looked upon by many industrialists ass, it has endless applications in different sectors of industries. And everyone is well aware of the fact that its need is going to increase in the future.
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