The marine hyaluronic acid market is seeing an excellent growth curve as consumer awareness about its health benefits in skincare and as dietary supplements increase. According to reports, the global marine hyaluronic acid market will expand at a CAGR of 13.6 % from USD 272.84 million in 2023 to USD 666.01 million by 2030.
Derived from marine sources like seaweed and crustaceans, marine hyaluronic acid offers superior biocompatibility and moisture-retention capabilities compared to its traditional counterparts. This makes it a sought-after ingredient in skincare, haircare, and cosmetics. The growing consumer preference for clean beauty products, free from harsh chemicals, further propels the market growth.
Hyaluronic acid is sourced from marine ingredients and has hydrating properties and enhances skin elasticity. Many manufacturers are now using it in skincare and cosmetics as the demand for natural ingredients is rising. Additionally there is a lot of ongoing research about its health benefits beyond skincare and its use is expanding into nutraceuticals too. The segment is going to see growth as consumers are prioritising wellness products that have proven efficacy, and marine hyaluronic acid has shown benefits as a dietary supplement for bettering health such as connective tissue nourishment and joint support.
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The main reason for the increasing growth in Marine Hyaluronic Acid Market is the increasing consumer preference for sustainable and natural ingredients such as fish and algae, which are known for their efficacy and purity. Another driving factor is the trend of customisation in skincare routines with an increasing number of consumers looking for specific skin concerns such as anti-ageing and hydration benefits.
Furthermore, the rising investments in research and development activities to explore new applications and improve production processes are expected to create lucrative opportunities for market players.
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The marine hyaluronic acid market is seeing growth in various regions, in particular in Asia-Pacific due to cultural practices. Also, in markets such as India, influencer marketing is playing a pivotal role in higher sales and increasing awareness.
