By 2034, the global market of hyaluronic acid supplement is projected to increase from USD 2,281.6 million to USD 3,405.1 million. Global sales of hyaluronic acid supplements are anticipated to increase at a CAGR of 4.1% percentage over the following ten years (2024 to 2034).
Key Trends Listed by Future Market Insights (FMI)
Awareness is rising among consumers about the benefits of hyaluronic acid for skincare, joint health, and overall well-being. As people seek non-invasive and natural solutions for addressing concerns like dry skin, joint discomfort, and aging, hyaluronic acid supplements offer a convenient option.
This increased awareness is supported by heavy marketing from the manufacturer's end and skincare professionals, coupled with influencer endorsements. Another major driver supporting the growth of the hyaluronic acid supplements market is the aging population. As age increases, the level of hyaluronic acid produced in the body decreases and leads to various problems such as wrinkles, joint stiffness, and a reduction in skin elasticity.
Demand from the aging population to supplement lost amounts of hyaluronic acid and address related age-related problems is rising. With the growing interest in active living, hyaluronic acid supplements have also become popular nowadays among athletes and regular fitness enthusiasts. The use of these supplements helps support joint health and recover wear and tear caused by intensive exercise sessions.
Attributes | Key Insights |
---|---|
Estimated Global Hyaluronic Acid Supplements Size (2024E) | USD 2,281.6 million |
Projected Hyaluronic Acid Supplements Value (2034F) | USD 3,405.1 million |
Value-based CAGR (2024 to 2034) | 4.1% |
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Global sales of hyaluronic acid supplements increased at a compound annual growth rate (CAGR) of 2.7% during 2019 to 2023, according to Future Market Insights (FMI) analysis. Over the next ten years, the global market for Hyaluronic Acid Supplements is expected to grow at a compound annual growth rate of 4.1%.
Countries | CAGR |
---|---|
United States | 5.0% |
United Kingdom | 3.9% |
Germany | 4.1% |
China | 3.7% |
India | 3.8% |
Japan | 4.0% |
Factors Behind the Rising Demand for Hyaluronic Acid Supplements in the USA Market
Several factors have been behind the rising demand for hyaluronic acid supplements in the USA market. Among many reasons, interest in healthy and youthful skin has been a primary reason. Hyaluronic acid is positioned as a solution for several skin problems, such as skin hydration, reduction of wrinkles, and even wound healing.
The growing popularity of capsule formats and the boom of online retailers has led to the easy availability of these supplements and the convenience of incorporating them into daily life. Moreover, the growing aging population of the USA increased the demand for products targeting age-related concerns like wrinkles. Thus, indirectly benefiting the hyaluronic acid supplement market.
It means that the massive popularity of minimally invasive cosmetic procedures using hyaluronic acid has had a spillover effect that has contributed to promoting the supplement form. Lastly, with increasing disposable income, particularly among older adults, consumers are more willing to spend on health and wellness products, including hyaluronic acid supplements.
Countries | Market Value (2034) |
---|---|
United States | USD 872.4 million |
United Kingdom | USD 235.4 million |
Germany | USD 265.1 million |
China | USD 198.7 million |
India | USD 134.1 million |
Japan | USD 98.7 million |
Increasing Aging Population in China and Aged Health-related Issues
The aging population in China are dealing with another major concern, i.e., joint pain. As a result of the natural bodily reduction of hyaluronic acid in the body, the joints experience stiffness, inflammation, and pain. Consequently, hyaluronic acid supplements have been increasingly demanded as a natural and highly effective means of supplementing joint health and mobility.
On the other hand, there is a high demand for hyaluronic acid supplements from China, mainly fueled by an increasing number of elderly people with problems related to joints. Hyaluronic acid lubricates and cushions the joints, reducing the discomfort and increasing flexibility. Hence, this supplement is increasingly consumed by consumers as a preventive measure to stay healthy and remain active regarding joint health.
Segment | Product |
---|---|
Sub-Segment | Capsules |
Value in the Global Market (USD Millions) (2034) | 1,900 |
CAGR | 3.2% |
Segment | Distribution Channel |
---|---|
Sub-Segment | Offline |
Value in the Global Market (USD Millions) (2034) | 2,499.3 |
CAGR | 2.9% |
Segment | Application |
---|---|
Sub-Segment | Skin Health |
Value in the Global Market (USD Millions) (2034) | 2,009.0 |
CAGR | 3.7% |
Significant Share of Capsules in the Hyaluronic Acid Supplements Market: Convenience, Preciseness, and Efficiency
The greatest share in the market is represented by capsules. Hyaluronic acid capsules are observing considerable demand due to their convenience and effectiveness.
Capsules are an easy and convenient form of intake; hence, they have a high level of accessibility to most consumers aiming to improve their skin condition. Compared to other forms, like powders or liquids, capsules hardly need any preparation and can easily fit into daily routines; hence, they are ideal for people with busy lifestyles.
These capsules come in exact dosage and the intake of hyaluronic acid is uniform in its intake and usefulness to the user. Consumers of capsules are also assured that they experience good results without overdosing themselves.
Encapsulation helps to lock in the stability and potency of hyaluronic acid supplements, therefore extending its shelf life so it can remain effective. Encapsulation guarantees consumers the expected benefits from time to time without any risks or degradation over time.
Skin Rejuvenation and Enhancement by Hyaluronic Supplements
The skin health space is being dominated by hyaluronic acid supplements with advanced touch in them. It is a natural body substance that maintains skin hydration and elasticity. However, with increasing age, its production reduces, becoming the cause of dry skin, wrinkles, and a loss of skin firmness.
Hyaluronic acid supplements have, thus, emerged as a popular solution, which is going mainstream presently. The product has become widely famous for its many advantages related to skin enhancement and rejuvenation.
A significant benefit of hyaluronic acid supplements is that they can hydrate the skin from the inside. As a humectant, it binds and retains moisture, hence giving the skin a plumper and dewy texture.
This hydration does not just remove dryness but also helps in the prevention of fine lines and wrinkles, hence able to contribute to a smooth, younger-looking complexion. Another advantage that comes with the use of hyaluronic acid supplements is that they stimulate skin elasticity, allowing the skin to be firm and resilient and hence capable of withstanding damage from environmental stress.
General skin texture can also improve with the help of these supplements as they lend softness, smoothness, and suppleness. Apart from cosmetic purposes, hyaluronic acid supplements can be of help in the case of wound healing by speeding up tissue repair and regeneration. This makes them valuable for issues like minor cuts, scrapes, or minor irritations, further pointing out their versatility in skin care applications.
The following are among the major companies that operate in the hyaluronic acid supplements market: SMP Nutra Rite Aid, Nutrawise, NOW, DOC PHARMA SA, NatureBell, Bioiberica, Kewpie, GMP Laboratories, Chambio, Titan Biotech, TCI, Huaxi Biological, Contipro, Contipro, Superior Supplement Manufacturing, Niche Biotech, Supplement Factory, Makers Nutrition, BL Bio Lab, A&A Pharmachem, and Jarrow Formulas.
Increasing demand for hyaluronic acid supplements among consumers has convinced manufacturers to invest heavily in the research and development of innovative and new variations of products.
Alma announced the introduction of Profhilo® in 2019. This is a cutting-edge hyaluronic acid-based product used in Hong Kong for cosmetic procedures. The product belongs to a brand-new injectable category called "bioremodeling," which stimulates the growth of collagen by interacting with the body's receptors.
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Attribute | Details |
---|---|
Market Size Value in 2024 | USD 2,281.6 million |
Market Forecast Value in 2034 | USD 3,405.1 million |
Global Growth Rate | 4.1% CAGR |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Volume (MT) and Value (USD Million) |
Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; MEA and Oceania |
Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Italy, Spain, France, Germany, the United Kingdom, the Netherlands, Belgium, Russia, the Nordic region, Poland, Japan, South Korea, China, India, Malaysia, Thailand, Singapore, Australia, Indonesia, Gulf Cooperation Council countries, New Zealand, Central Africa and South Africa |
Key Market Segments Covered | Product, Application and Distribution Channel |
Key Companies Profiled | SMP Nutra; Rite Aid; Nutrawise; NOW; DOC PHARMA SA; NatureBell; Bioiberica; Kewpie; GMP Laboratories; Chambio; Titan Biotech; TCI; Huaxi Biological; Contipro; Contipro; Superior Supplement Manufacturing; Niche Biotech; Supplement Factory; Makers Nutrition; BL Bio Lab; A&A Pharmachem; Jarrow Formulas |
Pricing | Available upon Request |
The global market is estimated to be USD 2,281.6 million in 2024.
The global market is to grow at 4.1% during the forecast period.
The global market is predicted to reach USD 3,405.1 million by 2034.
The global market grew at 2.7% CAGR from 2019 to 2023.
The United States is predicted to witness a CAGR of 5.0% through 2034.
SMP Nutra, Rite Aid, Nutrawise, and DOC PHARMA SA are the key players in the market.
Estimated Market Size (2024E) | USD 7,524.6 million |
---|---|
Projected Market Value (2034F) | USD 23,874.5 million |
Value-based CAGR (2024 to 2034) | 11.2% |
Estimated Market Size (2024E) | USD 74.3 billion |
---|---|
Projected Market Valuation (2034F) | USD 170.1 billion |
Value-based CAGR (2024 to 2034) | 9.5% |
Market Size in 2023 | USD 17,160 million |
---|---|
Market Forecast in 2033 | USD 29,648.6 million |
Market CAGR (2023 to 2033) | 6% |
Multi Nutritional Supplement Market CAGR (2022 to 2032) | 5.9% |
---|---|
Multi Nutritional Supplement Market (2020) | USD 310 Billion |
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