The global alpha lipoic acid market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factors that is expected to boost the market growth includes the increasing awareness for a healthy and fit lifestyle, which has surged the demand for dietary supplements for providing extra nutritional support. For instance, according to a report published by India Brand Equity Foundation, the demand for dietary supplements is expected to grow at a compound annual growth rate (CAGR) of 21% and is expected to reach $10 billion by 2022. Alpha-lipoic acid is a common ingredient used in multivitamin formulas to increase the detoxification factor of the human body. Also, it maintains the level of cholesterol and other fats in the blood and improves glucose and ascorbate handling in blood vessels. Moreover, the increasing trend for alpha-lipoic acid-based extra food supplements among youth and fitness enthusiasts may provide an additional push to the growth of the alpha-lipoic acid market. All these factors collectively propel the growth of the global alpha lipoic acid market.
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In addition, the rapid change in lifestyle, ethnicity, energy-dense diet, physical inactivity, obesity, and others are the main contributors to an increasing prevalence of diabetes. Several researchers have found alpha-lipoic acid as one of the best health supplements for people with type-2 diabetes. Moreover, it can improve insulin resistance and nerve damage caused by diabetes treatment. It reduces symptoms such as tingling, pain, and pricking in the legs and feet of diabetic patients. In addition, it protects the retina from being damaged due to high blood sugar levels. It is a key factor that is anticipated to offer a new opportunity for the global alpha lipoic acid market. Alpha lipoic acid is a naturally occurring organic compound with antioxidant properties used to break down carbohydrates and transform them into energy. It is found naturally in the body or can be prepared synthetically by chemical synthesis of thioctic acid with R (+) alpha-methylbenzylamine.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Product Type
- By Application
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Jarrow Formulas, Inc., NOW Health Group, Inc., and Alzchem Group AG, among others.
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Global Alpha Lipoic Acid Market Report by Segment
By Product Type
- R Alpha Lipoic Acid
- S Alpha Lipoic Acid
By Application
- Pharmaceuticals
- Dietary Supplements
- Cosmetics
- Others
Global Alpha Lipoic Acid Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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