Pune, May 09, 2023 (GLOBE NEWSWIRE) -- A global Healthcare research and business-consulting firm, Maximize Market Research, has published a Market intelligence report on the “Hyaluronic Acid Serum Market”. The report is a combination of primary data and secondary data, and domain expert has analyzed the Hyaluronic Acid Serum Market from a local as well as a global point of view. Over the forecast period, Maximize Market research expects the Market to grow from USD 4.10 Bn in 2022 to USD 6.92 Bn in 2029 at a CAGR of 7.7 percent.
Hyaluronic Acid Serum Market Report Scope and Research Methodology
| Market Size in 2022 | USD 4.10 Bn. |
| Market Size in 2029 | USD 6.92 Bn. |
| CAGR | 7.7 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 114 |
| Segment Covered | Type, Application, Distribution Channel, Molecular Weight, Gender, Product type, and End-User |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The hyaluronic acid serums market was analyzed using a comprehensive research methodology that involved various techniques and tools to provide accurate and reliable insights. The market was segmented based on product type, distribution channel, application, end-user, and region to identify growth factors and gaps in the target market. Historical data, relevant facts, and statistically supported industry-validated market statistics were utilized to provide comprehensive insights. Assumptions and appropriate methodologies were used to estimate market size. To evaluate the industry's micro and macroeconomic factors, both PORTER and PESTLE analyses were conducted. The PORTER analysis assessed the competitive environment of the market and analyzed the bargaining power of suppliers and buyers, potential new entrants, and substitutes. The PESTLE analysis assessed the impact of political, economic, social, technological, legal, and environmental factors on the industry. SWOT analysis was also utilized to examine the strengths and weaknesses of the market.
Hyaluronic Acid Serum Market Overview
The Hyaluronic Acid Serum market is experiencing significant growth due to the multiple benefits it offers for skin rejuvenation, skin lightening, and anti-aging effects. Hyaluronic Acid is a natural substance found in the body that helps keep the skin hydrated and firm. However, as people age, the body's ability to produce hyaluronic acid decreases, leading to dryness, fine lines, and wrinkles. The increasing demand for skincare products and usage is a significant driver of the Hyaluronic Acid Serums Market worldwide. These serums are lightweight, absorbable, suitable for all skin types, and composed of natural ingredients, making them popular among the youth. Furthermore, the trend of skincare products is helping various industries to grow and stay ahead of the competition.
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Hyaluronic Acid Serum Market Dynamics
Hyaluronic Acid Serum is one the most popular and effective products in Skin Care industries. It is highly rated as well as helps to reduce the appearance of fine lines and wrinkles and speed up wound healing and alleviate dry skin. As more people become aware of the benefits of hyaluronic acid for skincare, the demand for hyaluronic acid serums is increasing. The adaptive increase in e-commerce, it has made easier to reach the purchasing platforms such as online shopping, increasing the accessibility and availability of these products at every shop. The hyaluronic acid serum market is constantly evolving, and there are several key trends shaping the industry. Natural and organic hyaluronic acid serums are trending because of their ingredients and variety in different percent of concentrations for different skin types such as acne-prone skin, dry skin, oily skin, etc.
Hyaluronic Acid Serum Market Regional Insights
The hyaluronic acid serum market has been analyzed across various regions, including North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Asia-Pacific is expected to show the highest growth during the forecast period, attributed to the increasing demand for skincare products and a large population base. Europe is projected to experience significant growth, with a CAGR of 8.57 percent owing to the rising demand for natural and organic products and growing awareness of the benefits of hyaluronic acid serums. Germany, France, and the UK have emerged as major markets for hyaluronic acid serums in Europe. North America has also been a significant contributor to the market's growth, with the United States dominating the market due to a high demand for organic and natural products, driven by an aging population and rising skin concerns.
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Hyaluronic Acid Serum Market Segmentation
By Facial Care:
- Hydrolyzed hyaluronic acid.
- Sodium Hyaluronate
- Sodium Acetylate Hyaluronate
Hyaluronic acid is cut down into smaller portions as it can get easily penetrate the skin. This element of Sodium Hyaluronic Acid Serum goes deeper into the skin so that it can results in a good way though, the effect isn’t long-lasting. Sodium Acetylate Hyaluronate works best for people who have dry skin types and live in dry climates as it has the benefits of deep moisturization.
By Molecular Weight:
- High Molecular Weight
- Middle Molecular Weight
- Low Molecular Weight
The Molecular Weight segment is expected to grow significantly throughout the forecast period. The growing awareness regarding health and the growing trend of personal hygiene has been driving the Molecular weight segment.
By Gender:
- Women
- Man
- Unisex
By Application:
- Dermal Fillers
- Osteoarthritis
- Ophthalmic
- Vesicoureteral Reflux
By Distribution Channel:
- Super Market/ Hyper Market
- Drug Stores/ Pharmacies
- Specialty Store
- Online Sales Channel
By Product:
- Serum
- Serum Sheet Mask
- Eye Creams
- Moisturizer
- Cleanser & Toner
- Lip Cheek Tints
- Essential Oils
By End-User:
- Personal Care Industry
- Pharmacy Care Industry
- Other
Bike Trainers Key Competitors include:
- Vichy Laboratories
- Bluemercury
- ULTA Beauty
- L’Oreal Paris
- SkinCeuticals
- La Roche-Posay
- Kiehl’s
- Glossier
- Neutrogena
- Peter Thomas Roth
- Marla Rene Beauty
- Klur
- Dr. Dennis Gross
- ROSE Ingleton MD
- Cosrx
- The Outset
- Paula’s Choice
L’Oréal Paris., a leading player in Hyaluronic Acid Serum Market, L’Oreal had recently launched its luxury beauty brand Lancôme and at CES® 2023 unveiled two new Distribution Channel prototypes that expand access to beauty expression: HAPTA, the first handheld, ultra-precise computerized makeup applicator designed to advance the beauty needs of people with limited hand and arm mobility. 3 April 2023; L'Oréal announced its biggest acquisition with Natura & Aēsop the Australian luxury beauty brand.
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Key questions answered in the Hyaluronic Acid Serum Market are:
- What is Hyaluronic Acid Serum?
- What was the Hyaluronic Acid Serum Market size in 2021?
- What is the expected Hyaluronic Acid Serum Market size during the forecast period?
- What are the global trends in the Hyaluronic Acid Serum Market?
- What are the major restraints for the Hyaluronic Acid Serum Market?
- Which segment dominated the Hyaluronic Acid Serum Market growth?
- What is the demand pattern for the Hyaluronic Acid Serum Market?
- What growth strategies are the players considering increasing their presence in Hyaluronic Acid Serum Market?
- What are the upcoming industry applications and trends for the Hyaluronic Acid Serum Market?
- Who are the leading companies and what are their portfolios in Hyaluronic Acid Serum Market?
- Which region dominates the largest Market share in Hyaluronic Acid Serum Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029.
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application and Industry Vertical
- Market Segmentation – A detailed analysis by Type, Application and Distribution Channel
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Healthcare research firm, has also published the following reports:
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Omega-6 Fatty Acids Market - The Market size is expected to reach USD 11.34 Bn by 2029 at a CAGR of 11.24 percent during the forecast period. The Global Omega-6 Fatty Acids Market has demonstrated consistent growth, which is anticipated to continue in the near future.
Face Mask Market - The Market size is expected to decline to USD 610 Mn by 2029 at a CAGR of -27.8 percent during the forecast period. The increasing use of face masks for surgeries is the key factor driving the growth of the face mask market. Additionally, rising public awareness of the negative consequences of airborne illnesses and their emission levels would drive up demand for the product during the forecast period.
Face Balm Market - The Market size is expected to reach USD 388.98 Mn by 2029 at a CAGR of 10.07 percent during the forecast period. Positive responses from beauty-conscious consumers further compelled luxury and mass-market brands to expand their business horizons in waterless beauty to boost the growth of the face balm industry.
About Maximize Market Research:
Maximize Market Research is a multifaceted Market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Market-verified industry estimations, technical trend analysis, crucial Market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
