According to the research reports by MRFR, the global Hyaluronic Acid Market is projected to register a healthy CAGR of over 6.77% to reach a market s
According to the research reports by MRFR, the global Hyaluronic Acid Market is projected to register a healthy CAGR of over 6.77% to reach a market size of USD 20,144.59 million by 2027.
Hyaluronic acid, also known as hyaluronan, refers to an anionic, nosulfated glycosaminoglycan spread broadly throughout neural, epithelial, and connective tissues. The acid is popularly known for its skin benefits, particularly speeding up wound healing, reducing the appearance of fine lines and wrinkles, and alleviating dry skin. The global hyaluronic market has witnessed substantial growth over recent times owing to the factors such as growing applications in cosmetic and personal care products, extensive research &development associated with hyaluronic acid, and a rising number of cosmetic surgeries. However, the market growth is likely to be restricted by the availability of substitutes.
The global hyaluronic acid market is split into several segments based on grade, application, end-user, and region.
The market is divided into food, pharmaceutical, and cosmetic based on grade.