Global Alpha Lipoic Acid Market – Industry Trends and Forecast to 2029

Global Alpha Lipoic Acid Market, By Product Type (R Alpha Lipoic Acid and S Alpha Lipoic Acid) and Application (Dietary Supplements, Cosmetics, Pharmaceuticals, and Others) – Industry Trends and Forecast to 2029

Alpha Lipoic Acid Market Analysis and Size

Alpha lipoic acid has shown promise as a supplement to help control type 2 diabetes over the years. According to several research studies, alpha lipoic acid also helps to improve insulin resistance. Customers all over the world prefer alpha lipoic acid because it acts as an immune booster and protects the retina from damage caused by certain diseases.

Data Bridge Market Research analyses that the alpha lipoic acid was valued at 894.82 million in 2021 and is expected to reach the value of USD 1514.63 million by 2029, at a CAGR of 6.8% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Alpha lipoic acid is a natural organic molecule with antioxidant properties that is used to break down carbohydrates and convert them into energy. It can be synthesised or obtained naturally in the body by combining thioctic acid with R (+) alpha-methylbenzylamine.

Global Alpha Lipoic Acid Market Dynamics

Drivers

• Rising market for nutritional supplements

The growing awareness of the importance of leading a healthy, active lifestyle has expanded the market for food supplements that provide additional nutritional support. The growing popularity of alpha-lipoic acid-based additional food supplements among young people and fitness enthusiasts may significantly boost the alpha-lipoic acid market. Rising consumer spending on personal care products will supplement the global alpha lipoic acid market in the coming years.

• Growing consumer preference for healthier foods for their dogs

Alpha lipoic acid is regarded as an effective nutritional additive in dog food. Studies examining its nutritive activity as a maintenance food for healthy adult dogs (non-gestational and non-lactating) discovered that alpha lipoic acid improves glutathione status when consumed as part of a complete and balanced diet. Researchers concluded that increasing the concentration of alpha lipoic acid significantly increased intracellular glutathione concentrations, which is an important biomarker of the antioxidant system. As a result of rising consumer awareness about the benefits of alpha lipoic acid and a growing consumer preference for healthier foods for their dogs, product demand has increased globally.

Opportunity

Adding new products with higher grades to the product portfolio is expected to increase demand for these items. Due to consumer patterns and preferences, key market players are introducing new variants while focusing on brand loyalty. They are expanding their customer base and diversifying their operations.

Restraints

However, regular alpha-lipoic acid consumption may result in several side effects. Adults, for example, may experience headaches, nausea, heartburn, and vomiting if they consume alpha-lipoic acid regularly. Furthermore, taking alpha-lipoic acid with other health supplements may cause hypoglycaemia (low blood sugar). Furthermore, alpha-lipoic acid skin applications may cause a rash in some people. This factor is impeding market growth.

This alpha lipoic acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the alpha lipoic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Alpha Lipoic Acid Market

The alpha lipoic acid market has suffered as a result of the COVID-19 pandemic, owing to disruptions in the supply chain for various dietary supplements. In addition, several companies have shut down or reduced their operations due to the risk of infection among the workforce. This has temporarily hampered demand for alpha lipoic acid in a variety of end-use industries.

Furthermore, falling customer income has led to a contraction in demand for cosmetics and beauty products during the COVID-19 period, causing the alpha lipoic acid market to experience a drop in demand. However, growing health and fitness awareness has increased demand for dietary supplements containing alpha lipoic acid to provide additional nutritional benefits. This is expected to increase demand for alpha-lipoic acid following the COVID-19 pandemic.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Alpha Lipoic Acid Market Scope

The alpha lipoic acid market is segmented on the basis of product type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications

Product type

• R Alpha Lipoic Acid
• S Alpha Lipoic Acid

Application

• Dietary Supplements
• Cosmetics
• Pharmaceuticals
• Others

Alpha Lipoic Acids Market Regional Analysis/Insights

The alpha lipoic acids market is analysed and market size insights and trends are provided by country, product type and application as referenced above.

The countries covered in the alpha lipoic acids market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific alpha lipoic acid market is expected to grow at the fastest during the forecast period, accounting largest share of the global market in 2020. The growing cosmetic and pharmaceutical industries in China and India have increased demand for alpha-lipoic acid. China, the world's second-largest cosmetics consumer market (after the United States), has reported an increase in alpha-lipoic acid demand for anti-aging, sun protection, and other products.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Alpha Lipoic Acid Market Share Analysis

The alpha lipoic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to alpha lipoic acid market.

Some of the major players operating in the alpha lipoic acid market are:

• HiMedia Laboratories (India)
• Sabinsa. (U.S.)
• AlzChem Group AG (Germany)
• QiDu Pharmaceutical Co., Ltd. (China)
• Swanson (U.S.)
• Cambridge Commodities Inc. (U.S.)
• toyohakko Co., Ltd. (Japan)
• Shanghai Shyndec Pharmaceutical Co.,Ltd. (China)
• Shaanxi Bolin Biotechnology Co.,Ltd (China)
• S.A. Herbal Bioactives LLP (India)
• Hubei Yongkuo Technology Co., Ltd. (China)
• Bhagvati Herbals and Healthcare Pvt. Ltd. (India)
• Lavanyaagro. (India)
• Himalayan Herbaria Inc. (India)
• Source Naturals Inc (U.S.)
• GeroNova Research Inc (U.S.)
• Rexall Sundown Inc (U.S.)