Alpha lipoic acid is also known as lipoic acid or thioctic acid and is an antioxidant produced by the body. It is present in every cell and it assists in converting glucose into energy. It is similar in structure and function to a vitamin. Alpha lipoic acid is an important nutrients for various human body functions such as nervous, cardiovascular, immunity and detoxification systems. The amount of alpha lipoic acid present in the human body may be insufficient to retrieve antioxidant benefit hence raising the requirement for improving the amount of alpha lipoic acid in the body through dietary supplementation.
Alpha lipoic acid provides a host of health benefits for people particularly with diabetes or higher than normal blood sugar levels, high cholesterol levels, heart problems such as arteries’ hardening and other conditions related to the aging process. It provides various other health benefits such as physique improvement, combating free radicals, slows ageing, protection against cancer, skin improvement and erasing wrinkles, and liver protection among others.
Considering alpha lipoic acid versatile properties and uses in various products, for different purposes, alpha lipoic acid possess significant market demand from various industries and the market is expected to grow at a significant rate in forecast period.
Alpha lipoic acid Market Segmentation
Alpha lipoic acid market can be segmented on the basis of type, forms, source, application, production type, and by regions.
On the basis of type, the alpha lipoic acid market is segmented as S-Lipoid acid and R-Lipoic acid. Alpha lipoic acid consists of 50/50 mixture of these two segments and are mirror images of each other, hence is known as a racemix mixture. Furthermore, on the basis of form, the alpha lipoic acid market is segmented as capsules and liquid forms. On the basis of source, the alpha lipoic acid market is segmented as red meat, spinach, broccoli, yeast, and other organ meats. Similarly, on the basis of application, the alpha lipoic acid market is segmented as healthcare products, slimming products, and others. On the basis of production type, the alpha lipoic acid market is segmented as natural and artificial.
Alpha lipoic acid market is further segmented on the basis of region as, Latin America, North America, Europe, Middle East and Africa and Asia Pacific. In regional segments North American and European market possess significant potential. Latin America, as well as developing markets as Asia Pacific and MEA possess significant market demand for alpha lipoic acid over the forecast period.
Alpha lipoic acid Global Market Trends and Market Drivers:
Alpha lipoic acid market is primarily driven by its health beneficial factors such as physique improvement, combating free radicals, slows ageing, protection against cancer, skin improvement and erasing wrinkles, and liver protection among others. It also provides a host of health benefits for people particularly with diabetes or higher than normal blood sugar levels, high cholesterol levels, heart problems such as arteries’ hardening and other conditions related to the aging process.
Another factor fuelling the growth of the alpha lipoic acid market is its weight reduction application. Consumption of alpha lipoic acid supplements leads to weight reduction which caters to the consumer inclined towards a healthier lifestyle.
Other factors driving the alpha lipoic acid market include the growing demand for immunity improving supplements across the globe. The market for these supplements has witnessed a tremendous growth over the past few years with leading players tapping into the developing economies.
Alpha lipoic acid Market Key Players:
Key global market players manufacturing different alpha lipoic acid for different applications include AlzChem, Tohope Pharma, Shyndec Pharmaceutical, Qidu Pharmaceutical, Fushilai Pharmaceutical, Maidesen, Taike Biological, DKY Technology, Haoxiang Bio, and Infa Group.
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