New York, March 29, 2023 (GLOBE NEWSWIRE) -- The global hyaluronic acid serums market was valued at US$ 279.6 Million at the end of 2022 and is predicted to expand at a CAGR of 5.9% from 2023 to 2033, according to the latest industry report by Persistence Market Research. Hyaluronic Acid Serums Market is forecasted to reach US$ 506.4 million by the end of 2033.
Anti-aging is a complex problem that involves several factors, and people are using various facial care products, including hyaluronic acid serums, to minimize the effects of aging. Product innovation is essential in the industry and it has a significant impact on the sales of hyaluronic acid serums. Hyaluronic acid serums serve different purposes, such as skin hydration, skin smoothening, anti-aging, improvement of skin texture, addressing hair-related problems, and other uses.
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Companies are focusing on launching eco-friendly products to meet the growing demand for green alternatives and replace harmful products that negatively impact the environment. This trend has extended to the natural hyaluronic acid serums market, where there is a growing preference for plant-based products with fewer chemicals. These eco-friendly alternatives offer a range of product variants while being environmentally conscious, unlike harmful products that have a detrimental impact on the environment.
Overall, the hyaluronic acid serums market is expected to continue growing as consumers prioritize skincare and seek products made from effective natural ingredients.
Key Takeaways from Market Study
- The global hyaluronic acid serums market is estimated to expand at a CAGR of 5.9% and reach US$ 506.4 million by the end of 2033.
- East Asia, South Asia, Western Europe, and North America are key regions that account for high shares of the hyaluronic acid serums market.
- Online retailers are projected to hold a significant share of the market in North America with a market attractiveness index of 1.4.
- Natural and eco-friendly products are becoming increasingly popular among customers and are contributing significantly to the revenue of the market as consumers are seeking value-added options.
“Several manufacturers of hyaluronic acid serums are making efforts to adopt eco-friendly production practices to protect the environment. Some key players in the market are offering hyaluronic acid serums that contain natural and organic ingredients, which are considered safe and do not contain harmful chemicals. Demand for organic hyaluronic acid serums is expected to grow significantly, as customers are increasingly seeking out environment-friendly options,” says an analyst at Persistence Market Research.
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Key Market Players
The report provides detailed insights into the competitive scenario of the global hyaluronic acid serums market, along with the highlights of differential strategies used by manufacturers.
Some of the leading providers of hyaluronic acid serums are Shiseido Company, Glossier, Inc., Dr. Dennis Gross Skincare, LLC, Biocrown Biotechnology Co., Ltd., Paula's Choice, LLC, Peter Thomas Roth Labs LLC., Season Cosmetics Co., Pella Pharmaceuticals Co., Neutrogena, Drunk Elephant, La Roche, and SkinCeuticals.
Know More about Report Inclusions
Persistence Market Research published a new market report on the global hyaluronic acid serums market. The report covers historical data from 2018 to 2022 and forecasts for the period of 2023 to 2033. The report provides valuable insights into the market based on various factors such as product type, molecular weight, end user, sales channel, and region.
The report also includes forecast factors and vital macroeconomic factors that are anticipated to boost the growth of the market. It also addresses the restraints that are projected to hinder market growth, along with the latest trends and potential opportunities in the market.
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For additional information on how the hyaluronic acid serums market will shape up in the near future, write to the team of expert research analysts at media@persistencemarketresearch.com
About Consumer Goods Division at Persistence Market Research
The Consumer Goods team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs by offering expert analysis, actionable insights, and strategic recommendations. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer goods industry lucidly in 50+ countries for over a decade. We provide end-to-end research and consulting services; reach out to explore how we can help.
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