Market Highlights
Hyaluronic acid is produced naturally by our body, and its function varies based on the area in which it is produced. However, its basic and ultimate function is to lubricate the connective tissue and the bones and make the body appear hydrated. Besides, it has special features, such as wound remedy and inflammatory aid, which has further enhanced its market value. It also hydrates the body and resists early skin aging.
Global Hyaluronic Acid Market growth is expected to have a market value of USD 19,945.4 Million by 2027.
Regional Analysis
Global Hyaluronic Acid Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The European hyaluronic acid market has been further segmented into Western Europe and Eastern Europe. The Western Europe hyaluronic acid market has further been classified into Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
According to the EFPIA, Europe accounted for 22.9% of the overall pharmaceutical sales in 2019. In 2017, Europe invested an estimated USD 41 807.1 million in R&D. According to the European Trade Association for the cosmetics and personal care industry, the European market grew by 1.3% in 2018 to reach USD 88.88 billion. More than USD 24.23 billion of cosmetic products were exported by European countries in 2017, compared to USD 19.18 billion in 2016. Total imports amounted to only USD 7,117.85 million, mainly from the US, China, and Japan.
https://www.marketresearchfuture.com/reports/hyaluronic-acid-market-7434