Cosmetics Grade Hyaluronic Acid Market Size, Share & Industry Analysis, By Type (Mens Product, Womans Product), By Application (Skin Care, Makeup, Cleansing, Hair Care, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Hyaluronic acid is also called hyaluronate or HA. It is found in the neural tissues, the extracellular matrix of vertebrate, connective, and epithelial. It has white color, and available in liquid and powder form. In the skincare products, hyaluronic acid aid to improve the presence of harmed or dry skin by reducing flaking and re-establishing suppleness. Furthermore, the product provides moisturizing film-forming, anti-wrinkles, anti-irritation, nutrition delivery, and free radical scavenging. These properties surge the demand for cosmetic grade hyaluronic acid in various applications such as skincare, makeup, cleansing, and hair care.
The rising consumer consciousness for skincare has surged the demand for cosmetics grade hyaluronic acid. Nowadays, many consumers faced different skin problems such as acne, wrinkles, dandruff, and skin dryness. Such problems are mainly caused by changing lifestyles, eating habits, and busy schedules. These factors aid to drive the demand for hyaluronic acid in various skincare products. The product helps to Increase emulsion stability, provide nutrition delivery, anti-aging, and prevent & repair skin damage. It is mainly used in lotion, cream, facial cleanser, essence, shampoo, shower gel, lipstick, and mousse. Hence rising demand for cosmetic and skincare products will fuel the market growth during the forecast period.
However, the availability of substitute product including salicylic acid restricts the use of hyaluronic acid in various cosmetics & skincare products hindering the market growth.
Key Market Driver -
The rising consumer consciousness for skin care will surge the demand for hyaluronic acid
Key Market Restraint -
Availability of substitute product to restrict the market growth
Market Segmentation:
Based on type, the cosmetics grade hyaluronic acid market is segmented into men's product and woman's product. Based on application, the market is segmented into skin care, makeup, cleansing, hair care, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
The key players in the cosmetics grade hyaluronic acid market include Stanford Chemicals, Baoding Faithful Industry Co.,ltd., Freshine Chem., Hefei TNJ Chemical Industry Co.,Ltd, MakingCosmetics Inc, Aromantic, Chokro Tech, Hydrolyzed Collagen Peptides, MATEXCEL, Contipro a.s, Liuzhou Shengqiang Biotech Co.,Ltd., Jinan Qinmu Fine Chemical Co.,Ltd., and Falcon Trading International.
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
Europe is anticipated to witness sustainable growth in the cosmetics grade hyaluronic acid market. The growth is attributed to the rapid growth in the cosmetics industry, which further surged the product demand in this region. The higher adoption of the product in cleansing and hair care application fuel the market growth in North America. In Asia Pacific, the growth is due to rising demand for the hyaluronic acid in the women’s cosmetic products. The Middle East & Africa is anticipated to witness significant growth, owing to adoption of the product in the skincare and makeup.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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