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Alpha Lipoic Acid Market

Alpha Lipoic Acid Market by Product Type (R Alpha Lipoic Acid and S Alpha Lipoic Acid) and Application (Dietary Supplements, Cosmetics, Pharmaceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13701
Pages: 260
Sep 2021 | 69 Views
   
Author(s) : Nikhil Mittal , Eswara Prasad
Tables: 142
Charts: 49
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Alpha Lipoic Acid Market Statistics - 2030

The global alpha lipoic acid market was valued at $784.5 million in 2020, and is projected to reach $1,442.4 million by 2030, growing at a CAGR of 6.3% from 2021 to 2030.

The alpha lipoic acid market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to the disruptions in the supply chain across various sectors including cosmetics, pharmaceuticals, and dietary supplements. Also, several companies have either shut down or shrank their operations due to the risk of infection among the workforce.

Alpha lipoic acid is a naturally occurring organic compound with antioxidant properties used to break down carbohydrates and transform it into energy. It if found naturally in the body or can be prepared synthetically by chemical synthesis of thioctic acid with R(+) alpha-methylbenzylamine.

Alpha-Lipoic-Acid-Market-2021-2030

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The increasing awareness for a healthy and fit lifestyle has surged the demand for food supplements for providing extra nutritional support. For instance, according to a report published by India Brands 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. In addition, 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 surge the demand for alpha lipoic acid, thereby augmenting the global market growth.

However, the regular consumption of alpha-lipoic acid may cause several side effects. For example, the regular consumption of alpha-lipoic acid in adults may cause headaches, nausea, heartburn, and vomiting. Moreover, using alpha-lipoic acid together with other health supplements may lower blood sugar levels and cause hypoglycemia. Furthermore, the skin applications of alpha-lipoic acid may cause a rash in some people. This factor hampers the market growth.

On the contrary, 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 new opportunity in the global alpha lipoic acid market.

The global alpha lipoic acid market analysis is done on the basis of product type, application, and region. Depending on product type, the market is divided into R alpha lipoic acid and S alpha lipoic acid. The applications covered in the study include dietary supplements, cosmetics, pharmaceuticals, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major companies profiled in this report include AlzChem Group AG, GeroNova Research Inc., Haihang Industry, HiMedia Laboratories, NOW Foods, Olon S.p.A, Rexall Sundown Inc., Source Naturals Inc., Suzhou Fushilai Pharmaceutical Co. Ltd., and Wellona Pharma.

Alpha lipoic acid market, by region

The Asia-Pacific alpha lipoic acid market size is projected to grow at the highest CAGR of 7.4% during the forecast period and accounted for 29.9% of alpha lipoic acid market share in 2020. The rising cosmetic and pharmaceutical sectors in countries such as China and India, have increased the demand for the alpha-lipoic acid. China being the world’s second-largest cosmetics consumer market (after the U.S.) has reported an increase in demand for alpha-lipoic acid for manufacturing anti-aging, sun protection, and other products.

Alpha Lipoic Acid Market
By Region

2030
Apac 
North America
Europe
Lamea

Asia Pacific is the fastest growing region

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Alpha lipoic acid market, by product type

In 2020, the R alpha lipoic acid segment was the largest revenue generator, and is anticipated to grow at a CAGR of 6.6% during the forecast period. The utilization of r alpha-lipoic acid for neuropathy treatment of diabetes patients and heart-related diseases is the major key market trend in the global market. The increasing energy-dense diet and physical inactivity have surged the number of diabetic patients where r alpha-lipoic acid is widely used in neuropathy treatment for reducing pain, numbness, and paresthesia.

Alpha Lipoic Acid Market
By Product Type

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R Alpha Lipoic Acid is fastest growing segment

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Alpha lipoic acid market, by application

By application, the pharmaceutical segment dominated the global market in 2020, and is anticipated to grow at a CAGR of XX% during the forecast period. Alpha-lipoic acid is used as a drug for neuropathy treatment of diabetic patients. It is capable of reducing pain, paresthesias, numbness, and can improve insulin resistance. 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

Alpha Lipoic Acid Market
By Component

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Pharmaceuticals is the most lucrative segment

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Key benefits for stakeholders

  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current alpha lipoic acid market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Global Alpha Lipoic Acid Market

  • The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe.
  • The alpha lipoic acid market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to the disruptions in the supply chain for various dietary supplements. Also, several companies have either shut down or shrank their operations due to the risk of infection among the workforce. This has temporarily hampered the demand for alpha lipoic acid among various end-use sectors.
  • In addition, the falling income of customers has led to the contraction of the demand for cosmetics and beauty products amid the COVID-19 period which in turn has led the alpha lipoic acid market to witness a downfall in demand.
  • However, increasing awareness related to health and fit lifestyle has surged the demand for dietary supplements where alpha lipoic acid is used to provide extra nutritional benefits. Furthermore, the pharmaceutical sector has seen impressive growth during the COVID-19 period. This is expected to surge the demand for alpha-lipoic acid post-COVID-19 pandemic.

 Key market segments

By Product Type

  • R Alpha Lipoic Acid
  • S Alpha Lipoic Acid

By Application

  • Dietary Supplements
  • Cosmetics
  • Pharmaceuticals
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key players in the global alpha lipoic acid market are:

  • AlzChem Group AG
  •  GeroNova Research Inc.
  •  Haihang Industry
  •  HiMedia Laboratories
  •  NOW Foods
  •  Olon S.p.A
  •  Rexall Sundown Inc.
  •  Source Naturals Inc.
  •  Suzhou Fushilai Pharmaceutical Co. Ltd.
  •  Wellona Pharma
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research

1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter’s five forces analysis
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Robust dietary supplements demand
3.4.1.2.Increasing demand for anti-aging creams

3.4.2.Restraint

3.4.2.1.Side-effects associated with the use of alpha-lipoic acid

3.4.3.Opportunity

3.4.3.1.Increasing utilization for nerve pain treatment in people with diabetes

3.5.Value chain analysis
3.6.Pricing analysis
3.7.Impact of key regulations on the global alpha lipoic acid market
3.8.Impact of COVID-19 on the global alpha lipoic acid market
3.9.Patent analysis, 2012-2021

CHAPTER 4:GLOBAL ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE

4.1.Overview

4.1.1.Market size and forecast, by product type

4.2.R alpha lipoic acid

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.S alpha lipoic acid

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country

CHAPTER 5:ALPHA LIPOIC ACID MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Dietary supplements

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country

5.3.Cosmetics

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country

5.4.Pharmaceuticals

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market share analysis, by country

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market share analysis, by country

CHAPTER 6:ALPHA LIPOIC ACID MARKET, BY REGION

6.1.Overview

6.1.1.Market size and forecast

6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by product type
6.2.3.Market size and forecast, by application
6.2.4.Market share analysis, by country
6.2.5.U.S.

6.2.5.1.Market size and forecast, by product type
6.2.5.2.Market size and forecast, by application

6.2.6.Canada

6.2.6.1.Market size and forecast, by product type
6.2.6.2.Market size and forecast, by application

6.2.7.Mexico

6.2.7.1.Market size and forecast, by product type
6.2.7.2.Market size and forecast, by application

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by product type
6.3.3.Market size and forecast, by application
6.3.4.Market size and forecast, by country

6.3.5.Germany

6.3.5.1.Market size and forecast, by product type
6.3.5.2.Market size and forecast, by application

6.3.6.UK

6.3.6.1.Market size and forecast, by product type
6.3.6.2.Market size and forecast, by application

6.3.7.France

6.3.7.1.Market size and forecast, by product type
6.3.7.2.Market size and forecast, by application

6.3.8.Italy

6.3.8.1.Market size and forecast, by product type
6.3.8.2.Market size and forecast, by application

6.3.9.Spain

6.3.9.1.Market size and forecast, by product type
6.3.9.2.Market size and forecast, by application

6.3.10.Rest of Europe

6.3.10.1.Market size and forecast, by product type
6.3.10.2.Market size and forecast, by application

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by product type
6.4.3.Market size and forecast, by application
6.4.4.Market size and forecast, by country
6.4.5.China

6.4.5.1.Market size and forecast, by product type
6.4.5.2.Market size and forecast, by application

6.4.6.Japan

6.4.6.1.Market size and forecast, by product type
6.4.6.2.Market size and forecast, by application

6.4.7.India

6.4.7.1.Market size and forecast, by product type
6.4.7.2.Market size and forecast, by application

6.4.8.Australia

6.4.8.1.Market size and forecast, by product type
6.4.8.2.Market size and forecast, by application

6.4.9.South Korea

6.4.9.1.Market size and forecast, by product type
6.4.9.2.Market size and forecast, by application

6.4.10.Rest of Asia-Pacific

6.4.10.1.Market size and forecast, by product type
6.4.10.2.Market size and forecast, by application

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.3.Market size and forecast, by product type
6.5.4.Market size and forecast, by application
6.5.5.Market size and forecast, by country

6.5.6.Brazil

6.5.6.1.Market size and forecast, by product type
6.5.6.2.Market size and forecast, by application

6.5.7.Saudi Arabia

6.5.7.1.Market size and forecast, by product type
6.5.7.2.Market size and forecast, by application

6.5.8.South Africa

6.5.8.1.Market size and forecast, by product type
6.5.8.2.Market size and forecast, by application

6.5.9.Rest of LAMEA

6.5.9.1.Market size and forecast, by product type
6.5.9.2.Market size and forecast, by application

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.INTRODUCTION

7.1.1.MARKET PLAYER POSITIONING, 2020

7.2.PRODUCT MAPPING OF TOP 10 PLAYER
7.3.COMPETITIVE DASHBOARD
7.4.COMPETITIVE HEATMAP

CHAPTER 8:COMPANY PROFILES:

8.1.AlzChem Group AG

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance

8.2.GeroNova Research, Inc.

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio

8.3.Haihang Industry

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Product portfolio

8.4.HiMedia Laboratories

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio

8.5.NOW Foods

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio

8.6.Olon S.p.A.

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio

8.7.Rexall Sundown, Inc.

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio

8.8.Source Naturals, Inc.

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio

8.9.SUZHOU FUSHILAI PHARMACEUTICAL CO., LTD.

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio

8.10.Wellona Pharma

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 02.GLOBAL ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020-2030 (TON)
TABLE 03.ALPHA LIPOIC ACID MARKET FOR R ALPHA LIPOIC ACID, BY REGION, 2020–2030 ($MILLION)
TABLE 04.ALPHA LIPOIC ACID MARKET FOR R ALPHA LIPOIC ACID, BY REGION, 2020–2030 (TON)
TABLE 05.ALPHA LIPOIC ACID MARKET FOR S ALPHA LIPOIC ACID, BY REGION, 2020–2030 ($MILLION)
TABLE 06.ALPHA LIPOIC ACID MARKET FOR S ALPHA LIPOIC ACID, BY REGION, 2020–2030 (TON)
TABLE 07.GLOBAL ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 08.GLOBAL ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020-2030 (TON)
TABLE 09.ALPHA LIPOIC ACID MARKET FOR DIETARY SUPPLEMENTS, BY REGION, 2020–2030 ($MILLION)
TABLE 10.ALPHA LIPOIC ACID MARKET FOR DIETARY SUPPLEMENTS, BY REGION, 2020–2030 (TON)
TABLE 11.ALPHA LIPOIC ACID MARKET FOR COSMETICS, BY REGION, 2020–2030 ($MILLION)
TABLE 12.ALPHA LIPOIC ACID MARKET FOR COSMETICS, BY REGION, 2020–2030 (TON)
TABLE 13.ALPHA LIPOIC ACID MARKET FOR PHARMACEUTICALS, BY REGION, 2020–2030 ($MILLION)
TABLE 14.ALPHA LIPOIC ACID MARKET FOR PHARMACEUTICALS, BY REGION, 2020–2030 (TON)
TABLE 15.ALPHA LIPOIC ACID MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 16.ALPHA LIPOIC ACID MARKET FOR OTHERS, BY REGION, 2020–2030 (TON)
TABLE 17.ALPHA LIPOIC ACID MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 18.ALPHA LIPOIC ACID MARKET, BY REGION, 2020–2030 (TON)
TABLE 19.NORTH AMERICA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 20.NORTH AMERICA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 21.NORTH AMERICA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 22.NORTH AMERICA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 23.NORTH AMERICA ALPHA LIPOIC ACID MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 24.NORTH AMERICA ALPHA LIPOIC ACID MARKET, BY COUNTRY, 2020–2030 (TON)
TABLE 25.U.S. ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 26.U.S. ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 27.U.S. ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 28.U.S. ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 29.CANADA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 30.CANADA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 31.CANADA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 32.CANADA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 33.MEXICO ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 34.MEXICO ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 35.MEXICO ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 36.MEXICO ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 37.EUROPE ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 38.EUROPE ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 39.EUROPE ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 40.EUROPE ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 41.EUROPE ALPHA LIPOIC ACID MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 42.EUROPE ALPHA LIPOIC ACID MARKET, BY COUNTRY, 2020–2030 (TON)
TABLE 43.GERMANY ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 44.GERMANY ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 45.GERMANY ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 46.GERMANY ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 47.U.K. ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 48.U.K. ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 49.U.K. ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 50.U.K. ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 51.FRANCE ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 52.FRANCE ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 53.FRANCE ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 54.FRANCE ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 55.ITALY ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 56.ITALY ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 57.ITALY ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 58.ITALY ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 59.SPAIN ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 60.SPAIN ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 61.SPAIN ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 62.SPAIN ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 63.REST OF EUROPE ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 64.REST OF EUROPE ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 65.REST OF EUROPE ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 66.REST OF EUROPE ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 67.ASIA-PACIFIC ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 68.ASIA-PACIFIC ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 69.ASIA-PACIFIC ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 70.ASIA-PACIFIC ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 71.ASIA-PACIFIC ALPHA LIPOIC ACID MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 72.ASIA-PACIFIC ALPHA LIPOIC ACID MARKET, BY COUNTRY, 2020–2030 (TON)
TABLE 73.CHINA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 74.CHINA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 75.CHINA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 76.CHINA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 77.JAPAN ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 78.JAPAN ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 79.JAPAN ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 80.JAPAN ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 81.INDIA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 82.INDIA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 83.INDIA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 84.INDIA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 85.AUSTRALIA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 86.AUSTRALIA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 87.AUSTRALIA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 88.AUSTRALIA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 89.SOUTH KOREA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 90.SOUTH KOREA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 91.SOUTH KOREA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 92.SOUTH KOREA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 93.REST OF ASIA-PACIFIC ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 94.REST OF ASIA-PACIFIC ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 95.REST OF ASIA-PACIFIC ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 96.REST OF ASIA-PACIFIC ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 97.LAMEA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 98.LAMEA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 99.LAMEA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 100.LAMEA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 101.LAMEA ALPHA LIPOIC ACID MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 102.LAMEA ALPHA LIPOIC ACID MARKET, BY COUNTRY, 2020–2030 (TON)
TABLE 103.BRAZIL ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 104.BRAZIL ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 105.BRAZIL ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 106.BRAZIL ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 107.SAUDI ARABIA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 108.SAUDI ARABIA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 109.SAUDI ARABIA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 110.SAUDI ARABIA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 111.SOUTH AFRICA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 112.SOUTH AFRICA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 113.SOUTH AFRICA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 114.SOUTH AFRICA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 115.REST OF LAMEA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 116.REST OF LAMEA ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 (TON)
TABLE 117.REST OF LAMEA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 118.REST OF LAMEA ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 119.ALZCHEM GROUP AG: COMPANY SNAPSHOT
TABLE 120.ALZCHEM GROUP AG: OPERATING SEGMENTS
TABLE 121.ALZCHEM GROUP AG: PRODUCT PORTFOLIO
TABLE 122.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 123.GERONOVA RESEARCH, INC.: COMPANY SNAPSHOT
TABLE 124.GERONOVA RESEARCH, INC.: PRODUCT PORTFOLIO
TABLE 125.HAIHANG INDUSTRY: COMPANY SNAPSHOT
TABLE 126.HAIHANG INDUSTRY: PRODUCT PORTFOLIO
TABLE 127.HIMEDIA LABORATORIES: COMPANY SNAPSHOT
TABLE 128.HIMEDIA LABORATORIES: PRODUCT PORTFOLIO
TABLE 129.NOW FOOD: COMPANY SNAPSHOT
TABLE 130.NOW FOOD: OPERATING SEGMENTS
TABLE 131.NOW FOOD: PRODUCT PORTFOLIO
TABLE 132.OLON S.P.A: COMPANY SNAPSHOT
TABLE 133.OLON S.P.A: PRODUCT PORTFOLIO
TABLE 134.REXALL SUNDOWN, INC.: COMPANY SNAPSHOT
TABLE 135.REXALL SUNDOWN, INC.: OPERATING SEGMENTS
TABLE 136.REXALL SUNDOWN, INC.: PRODUCT PORTFOLIO
TABLE 137.SOURCE NATURALS, INC.: COMPANY SNAPSHOT
TABLE 138.SOURCE NATURALS, INC.: PRODUCT PORTFOLIO
TABLE 139.SUZHOU FUSHILAI PHARMACEUTICAL CO., LTD.: COMPANY SNAPSHOT
TABLE 140.SUZHOU FUSHILAI PHARMACEUTICAL CO., LTD.: PRODUCT PORTFOLIO
TABLE 141.WELLONA PHARMA: COMPANY SNAPSHOT
TABLE 142.WELLONA PHARMA: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.GLOBAL ALPHA LIPOIC ACID MARKET SNAPSHOT
FIGURE 02.GLOBAL ALPHA LIPOIC ACID MARKET SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 05.HIGH BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.HIGH COMPETITIVE RIVALRY
FIGURE 09.GLOBAL ALPHA LIPOIC ACID MARKET DYNAMICS
FIGURE 10.VALUE CHAIN ANALYSIS
FIGURE 11.GLOBAL ALPHA LIPOIC ACID MARKET, PRICING ANALYSIS, BY PRODUCT TYPE, USD/TONS
FIGURE 12.PATENT ANALYSIS, BY COUNTRY, 2021
FIGURE 13.PATENT ANALYSIS, BY APPLICANT, 2021
FIGURE 14.PATENT ANALYSIS, BY PUBLICATION DATE, 2012-2021
FIGURE 15.GLOBAL ALPHA LIPOIC ACID MARKET, BY PRODUCT TYPE, 2020–2030 ($MILILION)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF ALPHA LIPOIC ACID MARKET FOR R ALPHA LIPOIC ACID, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF ALPHA LIPOIC ACID MARKET FOR S ALPHA LIPOIC ACID, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.GLOBAL ALPHA LIPOIC ACID MARKET, BY APPLICATION, 2020–2030 ($MILLION)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF ALPHA LIPOIC ACID MARKET FOR DIETARY SUPPLEMENTS, BY COUNTRY, 2020& 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF ALPHA LIPOIC ACID MARKET FOR COSMETICS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF ALPHA LIPOIC ACID MARKET FOR PHARMACEUTICALS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF ALPHA LIPOIC ACID MARKET FOR OTHERS, BY COUNTRY, 2020& 2030 (%)
FIGURE 23.GLOBAL ALPHA LIPOIC ACID MARKET, BY REGION, 2020–2030 ($MILLION)
FIGURE 24.U.S. ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 25.CANADA ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 26.MEXICO ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 27.GERMANY ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 28.UK ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 29.FRANCE ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 30.ITALY ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 31.SPAIN ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 32.REST OF EUROPE ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 33.CHINA ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 34.JAPAN ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 35.INDIA ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 36.AUSTRALIA ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 37.SOUTH KOREA ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 38.REST OF ASIA-PACIFIC ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 39.BRAZIL ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 40.SAUDI ARABIA ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 41.SOUTH AFRICA ALPHA LIPOIC ACID MARKET REVENUE, 2020–2030($MILLION)
FIGURE 42.REST OF LAMEA MARKET REVENUE, 2020–2030($MILLION)
FIGURE 43.MARKET PLAYER POSITIONING, 2020
FIGURE 44.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 45.COMPETITIVE DASHBOARD
FIGURE 46.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 47.ALZCHEM GROUP AG: NET SALES, 2018–2020 ($MILLION)
FIGURE 48.ALZCHEM GROUP AG: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 49.ALZCHEM GROUP AG: REVENUE SHARE BY REGION, 2020 (%)

 
 

According to the CXOs of leading companies, the global alpha lipoic acid market is expected to exhibit high growth potential. R alpha-lipoic acid (RALA) is one of the cofactors for mitochondrial enzymes that play a major role in energy metabolism. The utilization of r alpha-lipoic acid for neuropathy treatment of diabetes patients and heart-related diseases is the major key market trend in the global market. The increasing energy-dense diet and physical inactivity has surged the number of diabetic patients where r alpha-lipoic acid is widely used in neuropathy treatment for reducing pain, numbness, and paresthesias. Moreover, the growing number of diabetic patients has increased the heart disease risk factor where r alpha-lipoic acid is used for reducing cholesterol and fats levels and thus, reducing the risk of heart attacks.  

S alpha lipoic acid is an unnatural lipoic acid formed as a by-product from the chemical synthesis of racemic alpha-lipoic acid. It is widely available in dietary supplements as a common ingredient used in multivitamin formulas to increase the detoxification factor of the human body. In addition, a mixture of both r and s type alpha-lipoic acid are used in different clinical practices. The utilization of s alpha-lipoic acid in dietary supplements, clinical practices, and anti-aging products is predicted to offer lucrative growth opportunities in future. The increasing awareness about healthy and fit lifestyle has surged the demand for dietary supplements where s alpha-lipoic acid is widely used for providing extra nutritional support. This is not only gaining immense attention in the market but also emerging as a key strategy in terms of gaining additional product demand.

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A. Robust dietary supplements demand and increasing demand for anti-aging creams are the key factors boosting the alpha lipoic acid market growth

A. The global alpha lipoic acid market was valued at $784.5 million in 2020, and is projected to reach $1,442.4 million by 2030, growing at a CAGR of 6.3% from 2021 to 2030

A. AlzChem Group AG, GeroNova Research Inc., Haihang Industry, HiMedia Laboratories, NOW Foods, Olon S.p.A, Rexall Sundown Inc., Source Naturals Inc., Suzhou Fushilai Pharmaceutical Co. Ltd., and Wellona Pharma are the most established players of the global alpha lipoic acid market.

A. Pharmaceuticals industry is projected to increase the demand for alpha lipoic acid market

A. The global alpha lipoic acid market analysis is done on the basis of product type, application, and region. Depending on product type, the market is divided into R alpha lipoic acid and S alpha lipoic acid. The applications covered in the study include dietary supplements, cosmetics, pharmaceuticals, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

A. The increasing awareness for a healthy and fit lifestyle has surged the demand for food supplements for providing extra nutritional support. For instance, according to a report published by India Brands 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. In addition, 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.

A. Dietary supplements applications are expected to drive the adoption of alpha lipoic acid.

A. COVID-19 has impacted negatively on the alpha lipoic acid market. This is attributed due to • The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. • The alpha lipoic acid market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to the disruptions in the supply chain for various dietary supplements. Also, several companies have either shut down or shrank their operations due to the risk of infection among the workforce. This has temporarily hampered the demand for alpha lipoic acid among various end-use sectors. • In addition, the falling income of customers has led to the contraction of the demand for cosmetics and beauty products amid the COVID-19 period which in turn has led the alpha lipoic acid market to witness a downfall in demand. • However, increasing awareness related to health and fit lifestyle has surged the demand for dietary supplements where alpha lipoic acid is used to provide extra nutritional benefits. Furthermore, the pharmaceutical sector has seen impressive growth during the COVID-19 period. This is expected to surge the demand for alpha-lipoic acid post-COVID-19 pandemic

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