It is obvious that the world population is increasing at a very high rate and so is market demand for almost everything. However, recent research conducted by Millennium Research Group (MRG) predicted an increase in the hyaluronic acid market to $2.5 Billion in the next three years.
Not only this, but the trend of the hyaluronic acid market is currently also showing an abnormal, high demand rate. This proves that, apart from population increase, there are some other factors as well which are causing it. As this is related to health, it is really important to analyze the situation critically and prepare for any possible threats.
The first thought that raises the high demand for any health supplement is that there is a common problem or disease that is leading to it. In the case of hyaluronic acid, as it is a naturally occurring chemical in the body, we can conclude two things. Firstly the population of elderly people i.e. aged above 50 is increasing.
As we age our body is not able to produce sufficient hyaluronic acid, therefore its market demand as a supplement is increasing. Secondly, most people in the age group below 40 years are suffering from some deficiency. Consequently, the amount of hyaluronic acid in their bodies is less than required. Such deficiencies are mostly linked to diet. So, an effective treatment for this must be researched before it becomes a common health issue.
Another major concern that occurs with this increasing demand for hyaluronic acid is the increase in patients with osteoarthritis and other such diseases that are treated with hyaluronic acid. Along with it, people nowadays desire young, fresh skin even beyond the age of 40. It is natural to suffer from some weakness and skin problems in old age, but it seems that very few people are ready to accept those changes.
Previously just seen as a women’s issue, but research has shown that men are also affected by the stigma of growing old. This may be because of the possibility of looking younger for so many years due to the advancements in medical sciences.
Otherwise, it can also be referred to as being too beauty-conscious. Whatever the reasons are, people are becoming more interested in anti-aging products which use hyaluronic acid. Injections for treating osteoarthritis and other similar diseases are also becoming common. As a result, the hyaluronic acid market has significantly increased in the last few years and it continues to increase at a high rate.