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.
The alpha-ketoglutaric acid report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, form, and application.
The study is a source of reliable data on:
- alpha-ketoglutaric acid market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The alpha-ketoglutaric acid report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the alpha-ketoglutaric acid report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the alpha-ketoglutaric acid market
- Recommendations to companies for strengthening their foothold in the alpha-ketoglutaric acid 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.