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Sodium Hyaluronate based Product Market Key Insights
Sodium Hyaluronate based Product Market Analysis by Regions
Sodium Hyaluronate based Product Market Analysis by Segments
Sodium Hyaluronate based Product Market Size (current and future)
Sodium Hyaluronate based Product Market Competitive Benchmarking
a year ago
Global Sodium Hyaluronate-based Products Market Size study, by Type (Topical, Injectable, Others), by Application (Pharmaceuticals, Cosmetics), and Regional Forecasts 2021-2027
Global sodium hyaluronate-based products market is valued approximately at USD 8.6 billion in 2020 and is anticipated to grow with a healthy growth rate of about 7.5% over the forecast period 2021-2027. Sodium hyaluronate is like the fluid that surrounds joints in the body. The fluid acts as a shock absorber and lubricant for the joints. Sodium hyaluronate-based products are used for the treatm...
Sodium Hyaluronate based Product Market
Hyaluronic acid, which occurs naturally in the body and helps to lubricate and cushion joints and tissues, is available in the salt form of sodium hyaluronate. Sodium hyaluronate is said to provide moisturizing and anti-aging qualities when used in skincare products. Moisturizers, serums, and eye creams are just a few skincare products that include sodium hyaluronate. As it can store up to 1,000 times its weight in water, it is frequently used in treatments that are intended to plump and moisturize the skin.
Latest trends:
In cosmetic formulations, sodium hyaluronate is increasingly used in conjunction with other organic components, including vitamin C and peptides.
As consumers become increasingly aware of the benefits of the chemical and demand more potent formulations, brands are beginning to incorporate higher quantities of sodium hyaluronate in their products.
The popularity of sheet masks in Western markets has increased the usage of sodium hyaluronate in them as a result of the emergence of K-beauty and J-beauty skincare trends.
Drivers:
The usage of sodium hyaluronate, a natural and secure ingredient in skincare formulations, has increased in response to the rising demand for natural and organic skincare products. The demand for goods containing sodium hyaluronate is increasing as people become more aware of the advantages of using anti-aging skincare products. This is because sodium hyaluronate is known for its ability to improve skin texture and lessen the appearance of fine lines and wrinkles.
Risks:
Smaller skincare companies may find it challenging to use sodium hyaluronate in their formulas due to the high cost of production. Given the intense competition in the skincare industry, it's possible that consumers will feel overwhelmed by the variety of options, which will make it challenging for new products to find an audience.
A significant market participant was Allergan, Inc., a unit of AbbVie, Inc. Bohus BioTech ABLG Chem Ltd., Galderma S.A. Pharmaceutical Products Syner-Med Ltd.Therapeutics Anika Inc.
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