The growing consumer preference regarding health benefits from a variety of health supplements has fuelled the demand for alpha-ketoglutaric acid, as it provides essential nutrients to the body. Alpha-ketoglutaric acid is an organic chemical compound that helps in metabolic activity of humans and animals. Alpha-ketoglutaric acid is a vital compound in the citric acid cycle, which helps the human body to process adenosine triphosphate commonly known as metabolized energy. This energy which is metabolized as an end product of the citric acid cycle helps in nourishing the cells and tissues of humans. Although alpha-ketoglutaric acid is processed by the human body naturally, it can also be synthesized in chemical reactions for the additional applications. The increasing demand for dietary supplements in the recent years has increased the adoption of alpha-ketoglutaric acid as it helps in improvising healthy metabolism. Along with regular exercise and physical workouts, consumers have been showing increased concern towards digestive and immune health to prevent life-threatening diseases, which is one of the major factors expected to drive the growth of the global alpha-ketoglutaric acid market. Due to increasing demand for supplements in the recent years, the global alpha-ketoglutaric acid market is projected to grow a significant CAGR during the forecast period.
Alpha-ketoglutaric Acid Market: Dynamics
Along with dietary supplements, the alpha-ketoglutaric acid has many applications in pharmaceuticals as an active drug component. As alpha-ketoglutaric acid is enriched with antioxidant nutrients, it is used in formulating chemotherapeutical drugs that act against cancer cells, which is expected to increase their demand from the healthcare professionals due to increasing prevalence of cancer over the years. As a rich source of adenosine triphosphate, alpha-ketoglutaric acid has high potency to increase the blood infusion rates during open heart surgery, thereby reducing the medical complications. Alpha-ketoglutaric acid is also known to improvise the kidney function especially for the patients undergoing hemodialysis and hence used as an infusion drug along with intravenous injections (IV). Alpha-ketoglutaric acid also supplies sufficient oxidative nutrients such as amino acids, glucose, and fatty acids thereby providing instantaneous energy to patients. Alpha-ketoglutaric acid is projected to cater the growing demand in pharmaceuticals and infant formulations, which is expected to drive the growth of the global alpha-ketoglutaric acid market during the forecast period.
Global Alpha-ketoglutaric Acid Market: Segmentation
On the basis of form, the global alpha-ketoglutaric acid market has been segmented as-
On the basis of application, the global alpha-ketoglutaric acid market has been segmented as-
- Dietary Supplements
- Infant Formula
Global Alpha-ketoglutaric Acid Market: Key Players
Some of the key players operating in the market are Klaire Labs, TNJ Chemical Industry Co., Ltd., Calzyme Laboratories Inc., Cayman Chemical Company, Abcam, Sigma-Aldrich Corporation, Tocris Bioscience, BASF SE, Bio-Rad Laboratories, Inc., BioVision Inc., etc.
Opportunities for Market Participants:
As an energizing agent, alpha-ketoglutaric acid forms a vital compound in drug development and pharmaceutical formulations. In the present condition, there is a high demand for alpha-ketoglutaric acid across the world due to increasing prevalence of cancer, cardiac complications, kidney dysfunctions, and others. Key developers and manufacturers are showing keen interests in producing alpha-ketoglutaric acid, as the global dietary supplement market is expanding in terms of value, which is expected to create growth opportunities and higher returns for the investors in the alpha-ketoglutaric acid market during the forecast period.
Global Alpha-ketoglutaric Acid Market: Regional Outlook
Alpha-ketoglutaric acid is increasingly processed in North America, due to expanding brands of dietary supplements ever year. Especially in the U.S., the alpha-ketoglutaric acid has wider applications in infant formula due to increasing prevalence of neonatal disorders. In Latin America, alpha-ketoglutaric acid is mostly used in biochemical industries for processing activated therapeutic drugs and medicine. In Europe, alpha-ketoglutaric acid has diverse supply chains and high consumption due to the growing concern for renal health. In Asia Pacific, alpha-ketoglutaric acid is used as a supplement to support sports and athletic activities as alpha-ketoglutaric acid provides instant energy with low calories. In Middle-East & Africa, alpha-ketoglutaric acid is imported for developing physical health and to promote healthy renal function. Due to escalating demand, the growth of the global alpha-ketoglutaric acid market is expected to witness significant growth during the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.