Hyaluronic Acid Serums Market By Type (Facial Care, Hair Care), By Molecular Weight (High Molecular Weight, Middle Molecular Weight , Low Molecular Weight), By Gender (Men, Women, Unisex), By Distribution Channel (Supermarkets/hypermarkets, Drug stores/pharmacies, Specialty stores, Online sales channel): Global Opportunity Analysis and Industry Forecast, 2021-2031
The hyaluronic acid serum market valued for $239.60 million in 2021 and is estimated to surpass 399.50 million by 2031, exhibiting a CAGR of 5.4% from 2022-2031.
It is a group of sugar molecules called polysaccharides. These molecules work to cushion and lubricate the skin, and they are found naturally in the body’s connective tissues. Over time, the human body’s stores of hyaluronic acid decline. Age is one reason, but environmental factors such as smoking, and air pollution also accelerate this process.
Hyaluronic acid is a polysaccharide basically starch that is already present in the skin tissues and acts as a water molecule storage device. It is responsible for maintaining skin tone, texture, and hydration. “Hyaluronic acid is considered as the watering agent for collagen, which, in turn, keeps the skin elastic and lifted. It is when the skin is unable to replenish its water levels that one needs external assistance in the form of moisturizers or serums. “Up to age 25, the skin replenishes itself with the hyaluronic acid present within the body. But post 25, skin tissues and the replenishment cycle get sluggish. That is when a client needs to start applying a serum or moisturizer with hyaluronic acid to restore the liquid hydro barrier in their skin. Therefore, rising awareness regarding the benefits and usage of the product is fostering its market growth.
The availability of inferior quality and low-priced counterfeit products restricts the growth of the market. Counterfeit consumer products are goods that are often of low or inferior quality that is produced or sold under another brand name without the brand owner's permission. Hyaluronic acid serums by renowned brands have a high price range, which is not affordable for lower-income groups. Hence, local suppliers design the same style of products at comparatively lower costs.
Such products are of low quality and hamper the brand image of forerunners in the market, thereby limiting the sale of original products. The availability of counterfeit or inferior-quality hyaluronic acid serums restricts the sale of branded products, thus threatening the growth of the market.
E-commerce or online store is a huge platform growing at a tremendous rate worldwide. Consumers of every age, including generation X, millennial, or generation Z prefer to shop from e-stores. This is attributed to the fact that online shopping is more convenient as compared to shopping at physical stores, due to rise in number of retailers focusing on e-commerce, thus making it convenient for consumers.
Furthermore, increase in penetration of internet and rise in percentage of population inclining toward online shopping are expected to provide potential opportunity for the hyaluronic acid serum manufacturers to sell their existing as well as novel Hyaluronic Acid Serums products through online platform, thus making them easily available for consumers and increasing consumer awareness about their products.
The market is segmented based on type, gender, molecular weight, distribution channel and region. Based on type the market is categorized into Facial Care, Hair Care, Hydrolyzed hyaluronic acid, Sodium hyaluronate, and Sodium acetylated hyaluronate. By gender, the market is categorized into men, women, and unisex. Based on molecular weight, the market is classified as high molecular weight, medium molecular weight, and low molecular weight. Based on distribution channel the market is subdivided into supermarkets/hypermarkets, drug stores/pharmacies, specialty stores, and online sales channel. Region-wise the market is classified into North America, Europe, Asia-Pacific and LAMEA.
The players operating in the global market have adopted various developmental strategies to increase their market share, gain profitability, and remain competitive in the market. The key players operating in the market include- Anika Therapeutics, Inc., Biocrown Biotechnology Co, DIME Beauty Co, Dr. Dennis Gross, Drunk Elephant (Shiseido), First Aid Beauty (P&G), Glossier, Hyalogic, La Roche-Posay, Maruha Nichiro, Inc., Paula's Choice, Peach & Lily, Salix Pharmaceuticals, Season Cosmetics Co, Seikagaku Corporation, SkinCeuticals, SkinMedica (Allergan), Smith & Nephew Plc, The Ordinary, and Vichy.
According to the market players, the major obstacle faced by them attributed to the pandemic was the disruption of the supply chain. Furthermore, all the supply channels were nearly shut down in the first quarter of the pandemic. However, online distribution channels such as amazon, Flipkart, eBay, Esty, Rakuten, and Newegg among others showed high sales growth amid the pandemic.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hyaluronic acid serums market analysis from 2021 to 2031 to identify the prevailing hyaluronic acid serums market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the hyaluronic acid serums market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global hyaluronic acid serums market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Facial Care
Hydrolyzed hyaluronic acid
Sodium hyaluronate
Sodium acetylated hyaluronate
Hair Care
By Molecular Weight
High Molecular Weight
Middle Molecular Weight
Low Molecular Weight
By Gender
Men
Women
Unisex
By Distribution Channel
Supermarkets/hypermarkets
Drug stores/pharmacies
Specialty stores
Online sales channel
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Poland
Finalnd
Netherlands
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Argentina
Saudi Arabia
Israel
UAE
Chile
Rest of LAMEA
Key Market Players
Dr. Dennis Gross Skincare, LLC
Glossier, Inc.
Shiseido Company, Limited
Hyalogic, LLC.
Biocrown Biotechnology Co., Ltd.
Peach and Lily, Inc.
AUG Pharma
Pella Pharmaceuticals Co.
Season Cosmetics Co
First Aid Beauty Ltd.
Skinfix Inc.
Dime Beauty Co., LLC
La Roche-Posay Laboratoire Dermatologique
Paula's Choice, LLC.
Peter Thomas Roth Labs LLC.
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