South Korea Hyaluronic Acid Market Size, Share, and COVID-19 Impact Analysis, By Grade (Cosmetic Grade, Pharmaceutical Grade, and Food Grade), By Application (Aesthetics, Osteoarthritis, Pharmaceutical API, Cosmetics, Dietary Supplements, Ophthalmology, and Others), and South Korea Hyaluronic Acid Market Insights, Industry Trend, Forecasts to 2035
Industry: HealthcareSouth Korea Hyaluronic Acid Market Insights Forecasts to 2035
- The South Korea Hyaluronic Acid Market Size was estimated at USD 61.0 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 8.97% from 2025 to 2035
- The South Korea Hyaluronic Acid Market Size is Expected to Reach USD 157.0 Million by 2035
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According to a Research Report Published by Spherical Insights & Consulting, the South Korea Hyaluronic Acid Market Size is Anticipated to Reach USD 157.0 Million by 2035, Growing at a CAGR of 8.97% from 2025 to 2035. By growing demand for skincare products with anti-aging properties, expanding their use in cosmetic procedures, and gaining traction in the treatment of osteoarthritis and eye conditions. Market expansion is further accelerated by technological developments in bioengineered HA formulations and a strong consumer preference for non-invasive solutions.
Market Overview
The South Korea hyaluronic acid market refers to the industry focused on the manufacture, distribution, and use of hyaluronic acid (HA) in the pharmaceutical, therapeutic, and cosmetic sectors is known as the South Korea Hyaluronic Acid Market. Additionally, significant technological advancements in hyaluronic acid production have supported the South Korean hyaluronic acid market. Advances in biotechnological procedures are increasing the synthesis and extraction efficiency of hyaluronic acid, reducing expenses and improving product quality. University research in Korea suggests that new techniques can produce hyaluronic acid with higher yield rates and purity levels, increasing its accessibility for a range of uses. Further, to support the growth of the market, businesses like Samsung biologics and LG chem are investing in cutting-edge manufacturing technologies to optimize production processes. Furthermore, local businesses now have more opportunities than ever before to adopt the worldwide movement toward environmental sustainability and greenness. Businesses find it easier to create environmentally friendly and sustainable formulations and packaging as a result of the South Korean government's efforts to promote eco-friendly initiatives.
Report Coverage
This research report categorizes the market for the South Korea hyaluronic acid market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea hyaluronic acid market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea hyaluronic acid market.
South Korea Hyaluronic Acid Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 61.0 Million |
Forecast Period: | 2024-2035 |
Forecast Period CAGR 2024-2035 : | 8.97% |
2035 Value Projection: | USD 157.0 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 160 |
Tables, Charts & Figures: | 140 |
Segments covered: | By Grade, By Application and COVID-19 Impact Analysis. |
Companies covered:: | LG Chem, Hugel, Daewoong Pharmaceutical, Medytox, BioPlus Co., Ltd and Others. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The South Korean hyaluronic acid market is expanding dramatically due to the country's popularity of aesthetic procedures. Customers' desire for immediate results with little recovery time has led to a sharp increase in demand for less invasive aesthetic procedures. The Korean Association of Plastic Surgeons promotes consumer interest and trust by arguing for the effectiveness and safety of such procedures. Additionally, accessibility is anticipated to rise as technology advances and more clinics provide hyaluronic acid treatments, which will favorably affect market expansion.
Restraining Factors
In the hyaluronic acid market in South Korea, limited insurance coverage limits access to both therapeutic and aesthetic treatments because they are usually deemed non-essential. Costs are borne by consumers in the absence of reimbursement, making middle-class and rural populations less able to afford goods.
Market Segmentation
The South Korea hyaluronic acid market share is classified into grade and application.
- The cosmetic grade segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea hyaluronic acid market is segmented by grade into cosmetic grade, pharmaceutical grade, and food grade. Among these, the cosmetic grade segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The beauty and skincare industry makes extensive use of the Cosmetic Grade form of hyaluronic acid because of its potent hydrating and skin-rejuvenating qualities. Innovative skincare products that use hyaluronic acid have made South Korea a global leader in the cosmetics industry. This market is essential because it satisfies consumers' growing desire for natural ingredients in cosmetic formulations and anti-aging products.
- The aesthetics segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea hyaluronic acid market is segmented by application into aesthetics, osteoarthritis, pharmaceutical API, cosmetics, dietary supplements, ophthalmology, and others. Among these, the aesthetics segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growing demand for anti-aging products and beauty consciousness have made the aesthetics market a major driver, which has increased the use of injectable fillers.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea hyaluronic acid market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- LG Chem
- Hugel
- Daewoong Pharmaceutical
- Medytox
- BioPlus Co., Ltd.
- Others
Recent Developments:
- In March 2025, KBH CARE had launched its proprietary hyaluronic acid filler, 8VA Octave, in the first half of 2024. In the second half, it expanded its lineup with the PCL (polycaprolactone) booster BELLUXI and another hyaluronic acid filler, FILLOS.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Hyaluronic Acid Market based on the below-mentioned segments:
South Korea Hyaluronic Acid Market, By Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Food Grade
South Korea Hyaluronic Acid Market, By Application
- Aesthetics
- Osteoarthritis
- Pharmaceutical API
- Cosmetics
- Dietary Supplements
- Ophthalmology
- Others
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