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Global Hyaluronic Acid Market Promoted by Cosmetics Industry with CAGR of 16.75% - QYResearch Report

Author: QYResearch  |   Published Date: 2020-12-14   |   Views: 49



According to the newest report published by QY Research,  The global Hyaluronic Acid market is valued at US$ 354 million in 2019 is expected to reach US$ 849 million by the end of 2026, growing at a CAGR of 16.75% during 2020-2026.

Hyaluronic acid also called hyaluronan, is an anionic, nonsulfated glycosaminoglycan distributed widely throughout connective, epithelial, and neural tissues. It is unique among glycosaminoglycans in that it is nonsulfated, forms in the plasma membrane instead of the Golgi apparatus, and can be very large: human synovial HA averages about 7 million Da per molecule, or about 20000 disaccharide monomers, while other sources mention 3–4 million Da. As one of the chief components of the extracellular matrix, hyaluronan contributes significantly to cell proliferation and migration, and may also be involved in the progression of some malignant tumors.

Hyaluronic acid (HA) is a naturally occurring glycosaminoglycan found throughout the body’s connective tissue. Glycosaminoglycans are simply long unbranched carbohydrates, or sugars, called polysaccharides. HA is the main component of what gives your skin structure, and is responsible for that plump and hydrated look. You may have heard the chatter around collagen, but hyaluronic acid is where it’s at.

Hyaluronic acid helps bind moisture to skin and create a plump, youthful appearance, that’s why it is respected by many cosmetics users. Cosmetics is the largest consumption filed of hyaluronic acid, owning about 47% market globally in 2020. Apart from cosmetics, dietary supplement and medical are also important application filed, with 38.08% and 4.12% share respectively.

 

Global Hyaluronic Acid Market- Key Players

Bloomage Biotech, Focus Chem, Fufeng Group, AWA Biopharm, China Eastar Group, Kewpie, Contipro, Seikagaku, HTL Biotechnology, Fidia Farmaceutici, are some of the key players, functioning in the global Hyaluronic Acid market. Bloomage Biotech is the largest manufacturer and dominates the market. In 2019, about 33% hyaluronic acid was supplied by Bloomage Biotech.

Global Hyaluronic Acid Market: Region Analysis

North America, Europe, China, Japan are analyzed in the report. China is the largest production place, with a production market share nearly 86% in 2019. Following China, Japan is the second largest production place with the production market share of 7.13%. Asia-Pacific is the largest consumption place, with a consumption market share nearly 54.7% in 2019. Following Asia-Pacific, North America is the second largest consumption place with the consumption market share of 24.85%.

 

Read More Information: https://www.qyresearch.com/index/detail/2318464/global-hyaluronic-acid-raw-material-market

 

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