Hyaluronic Acid Raw Material Market by Application and Geography - Forecast and Analysis 2022-2026

The hyaluronic acid raw material market share is expected to increase by USD 2.87 billion from 2021 to 2026, at a CAGR of 6.2%.

This hyaluronic acid raw material market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hyaluronic acid raw material market segmentation by application (dermatology, orthopedics, surgical adhesion prevention, and others) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The hyaluronic acid raw material market report also offers information on several market vendors, including AbbVie Inc., Alcon Inc., Anika Therapeutics Inc., Bausch Health Co. Inc., Contipro AS, Ferring BV, Fidia Farmaceutici Spa, Galderma SA, Landec Corp., LG Chem Ltd., Maruha Nichiro Corp., Merz Pharma GmbH and Co. KGaA, Sanofi, Seikagaku Corp., Shiseido Co. Ltd., Smith and Nephew plc, Stanford Chemicals Co., and Zimmer Biomet Holdings Inc. among others.

What will the Hyaluronic Acid Raw Material Market Size be During the Forecast Period?

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Hyaluronic Acid Raw Material Market: Key Drivers, Trends, and Challenges

The need for safe and stable drugs that require minimal monitoring is notably driving the hyaluronic acid raw material market growth, although factors such as fluctuating raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hyaluronic acid raw material industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hyaluronic Acid Raw Material Market Driver

One of the key factors driving growth in the hyaluronic acid raw material market is the need for safe and stable drugs that require minimal monitoring. The global HA raw material market has a huge requirement for safe and stable drugs that require minimal monitoring. Rational drug use is conventionally defined as the use of appropriate, effective, safe, and cost-effective therapies in the recommended dosage and formulation for correct indications and the required duration. Since most available dermatological drugs require repeated and long-term use, the term rational prescription may not be valid. The stability of most dermatological drugs also varies depending on the climate. For instance, extreme climatic conditions can reduce the potency of drugs, with some drugs degrading faster than others. Hence, there is a need for drugs that show sufficient chemical, physical, and microbial stability in varied climatic conditions. Such an increase in demand for HA-based dermatological drugs, which, in turn, will drive the demand for HA raw materials.

Key Hyaluronic Acid Raw Material Market Trend

The increasing acquisitions and joint ventures are a hyaluronic acid raw material market trend that is expected to have a positive impact in the coming years. Regional and global players are operating in the global HA raw material market by forming strategic alliances and partnerships among themselves. Through strategic alliances, manufacturers are expanding their product portfolios to cater to the growing demand for HA from pharmaceutical industries, such as dermatology, orthopedics, and surgical adhesion prevention. M&A activities help vendors expand their product portfolios and geographical presence and enhance product development, thereby boosting the growth of the global HA raw material market.

Key Hyaluronic Acid Raw Material Market Challenge

The fluctuating raw material prices will be a major challenge for the hyaluronic acid raw material market during the forecast period. Raw materials such as essential oils, plant extracts, chemicals, syrups, and vitamins are required to produce HA. HA is extracted from plant-based natural sources such as soy and wheat. HA is also extracted from animal-based sources, such as the combs of roosters. The rising cost of raw material extraction from these sources, along with stringent regulations for wastewater treatment and waste biomaterials, restrains the growth of the global HA raw material market. With the increasing global population and the consequent rise in the demand for HA-based drugs, the HA industry is facing severe pressure in procuring raw materials. The cost of production incurred by HA manufacturers is increasing because manufacturers from other industries are also procuring the raw materials. As a result, HA manufacturers are increasing the prices of their offerings.

This hyaluronic acid raw material market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global hyaluronic acid (HA) raw material market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hyaluronic acid raw material market during the forecast period.

Who are the Major Hyaluronic Acid Raw Material Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• AbbVie Inc.
• Alcon Inc.
• Anika Therapeutics Inc.
• Bausch Health Co. Inc.
• Contipro AS
• Ferring BV
• Fidia Farmaceutici Spa
• Galderma SA
• Landec Corp.
• LG Chem Ltd.
• Maruha Nichiro Corp.
• Merz Pharma GmbH and Co. KGaA
• Sanofi
• Seikagaku Corp.
• Shiseido Co. Ltd.
• Smith and Nephew plc
• Stanford Chemicals Co.
• Zimmer Biomet Holdings Inc.

 

This statistical study of the hyaluronic acid raw material market encompasses successful business strategies deployed by the key vendors. The hyaluronic acid raw material market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• fidiapharma.com - The company offers digital publishing, medical services, product manufacturing, financial systems, facility system, and others.
• fidiapharma.com - The company offers CBD-infused cosmetics such as Manuka honey skincare, lip balm, and face cream.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hyaluronic acid raw material market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hyaluronic Acid Raw Material Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hyaluronic acid raw material market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Hyaluronic Acid Raw Material Market?

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36% of the market’s growth will originate from APAC during the forecast period. China is the key market for hyaluronic acid raw materials in APAC. Market growth in this region will be faster than the growth of the market in the European and North American regions.

North America is another region showing major market growth. The global HA raw material market in North America has been witnessing significant growth primarily because of an increase in the geriatric population and a high prevalence of chronic and infectious skin diseases. This raised the demand for dermatological drugs and services in this region, which, in turn, drive demand for HA acid. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic negatively impacted the HA raw material market in the region in 2020. However, the initiation of large-scale COVID-19 vaccination drives from December 2020 and the subsequent lifting of lockdown restrictions led to the gradual resumption of operations at manufacturing and logistics units for HA, which eased research and development (R&D) related constraints in 2021. With the gradual decline in the number of COVID-19 cases, the situation has returned to normalcy, and hence, pragmatic action is required to deal with the challenges faced by dermatologic and orthopedic patients with respect to the continuous availability of dermatological drugs at hospitals or clinics.

What are the Revenue-generating Application Segments in the Hyaluronic Acid Raw Material Market?

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The hyaluronic acid raw material market share growth in the dermatology segment will be significant during the forecast period. The increased demand for HA-based dermatology drugs drives the demand for HA raw materials. Thus, the growth of the dermatology segment will contribute to the drive the growth of the HA raw material market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the hyaluronic acid raw material market size and actionable market insights on the post-COVID-19 impact on each segment.

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Hyaluronic Acid market - Technavio's market research analysts predict that this market will grow at a CAGR of close to 9% by 2021.

Hyaluronic Acid Raw Material Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 6.2%
Market growth 2022-2026	$ 2.87 billion
Market structure	Fragmented
YoY growth (%)	7.02
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 36%
Key consumer countries	US, China, France, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AbbVie Inc., Alcon Inc., Anika Therapeutics Inc., Bausch Health Co. Inc., Contipro AS, Ferring BV, Fidia Farmaceutici Spa, Galderma SA, Landec Corp., LG Chem Ltd., Maruha Nichiro Corp., Merz Pharma GmbH and Co. KGaA, Sanofi, Seikagaku Corp., Shiseido Co. Ltd., Smith and Nephew plc, Stanford Chemicals Co., and Zimmer Biomet Holdings Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Hyaluronic Acid Raw Material Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive hyaluronic acid raw material market growth during the next five years
• Precise estimation of the hyaluronic acid raw material market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the hyaluronic acid raw material industry across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of hyaluronic acid raw material market vendors

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