Market scale and growth trend
- According to market research reports, the global sodium hyaluronate market scale reached approximately 3 billion U.S. dollars in 2019 and is expected to grow to approximately 5 billion U.S. dollars by 2025, with a compound annual growth rate of about 9%.
- China's cosmetics market is huge, and consumers' attention to skin care products is constantly increasing, making the application demand for sodium hyaluronate in skin care products continuously increase. According to statistics, the global cosmetics market's demand for sodium hyaluronate is expected to grow from approximately 30,000 tons in 2019 to approximately 50,000 tons in 2025, with a compound annual growth rate of about 8%.
Expansion of application fields
Sodium hyaluronate is a commonly used moisturizer and filler in cosmetics and is widely used in various skincare and beauty products such as face creams, masks, and lotions. The N-sodium hyaluronoyl glutamic acid launched by Bloomage Biotechnology combines the strong permeability of low molecular weight hyaluronic acid and the biological activity of glutamic acid, and is expected to achieve stronger effects in fields such as anti-aging, antioxidation, and even skin barrier repair, expanding a new direction for the application of sodium hyaluronate in cosmetics.
- Application in other fields
Sodium hyaluronate can be used in medical fields for aspects such as joint lubrication, tissue repair, and drug sustained release; in the food industry, it can be used as a food additive to moisturize and improve the taste of products such as beverages and pastries; in ophthalmic surgeries, it can be used to manufacture sodium hyaluronate eye drops, etc.