Supply Chain Ecosystem Analysis now part of DBMR Reports
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 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
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (R Alpha Lipoic Acid and S Alpha Lipoic Acid) and Application (Dietary Supplements, Cosmetics, Pharmaceuticals, and Others)
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Countries Covered
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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
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Market Players Covered
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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.)
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Opportunities
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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.
Drivers
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.
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.
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.
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
Application
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.
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:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Alpha Lipoic Acid Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Alpha Lipoic Acid Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.