Alpha
lipoic acid is also known as lipoic acid or thioctic acid and is an
antioxidant produced by the body. It is present in every cell and it
assists in converting glucose into energy. It is similar in structure
and function to a vitamin. Alpha lipoic acid is an important
nutrients for various human body functions such as nervous,
cardiovascular, immunity and detoxification systems. The amount of
alpha lipoic acid present in the human body may be insufficient to
retrieve antioxidant benefit hence raising the requirement for
improving the amount of alpha lipoic acid in the body through dietary
supplementation.
Alpha
lipoic acid provides a host of health benefits for people
particularly with diabetes or higher than normal blood sugar levels,
high cholesterol levels, heart problems such as arteries’ hardening
and other conditions related to the aging process. It provides
various other health benefits such as physique improvement, combating
free radicals, slows ageing, protection against cancer, skin
improvement and erasing wrinkles, and liver protection among others.
Considering
alpha
lipoic acid versatile properties and uses in various products,
for different purposes, alpha lipoic acid possess significant market
demand from various industries and the market is expected to grow at
a significant rate in forecast period.
Alpha
lipoic acid Market Segmentation
Alpha
lipoic acid market can be segmented on the basis of type, forms,
source, application, production type, and by regions.
On
the basis of type, the alpha lipoic acid market is segmented as
S-Lipoid acid and R-Lipoic acid. Alpha lipoic acid consists of 50/50
mixture of these two segments and are mirror images of each other,
hence is known as a racemix mixture. Furthermore, on the basis of
form, the alpha lipoic acid market is segmented as capsules and
liquid forms. On the basis of source, the alpha lipoic acid market is
segmented as red meat, spinach, broccoli, yeast, and other organ
meats. Similarly, on the basis of application, the alpha lipoic acid
market is segmented as healthcare products, slimming products, and
others. On the basis of production type, the alpha lipoic acid market
is segmented as natural and artificial.
Alpha
lipoic acid market is further segmented on the basis of region as,
Latin America, North America, Europe, Middle East and Africa and Asia
Pacific. In regional segments North American and European market
possess significant potential. Latin America, as well as developing
markets as Asia Pacific and MEA possess significant market demand for
alpha lipoic acid over the forecast period.
Alpha
lipoic acid Global Market Trends and Market Drivers:
Alpha
lipoic acid market is primarily driven by its health beneficial
factors such as physique improvement, combating free radicals, slows
ageing, protection against cancer, skin improvement and erasing
wrinkles, and liver protection among others. It also provides a host
of health benefits for people particularly with diabetes or higher
than normal blood sugar levels, high cholesterol levels, heart
problems such as arteries’ hardening and other conditions related
to the aging process.
Another
factor fuelling the growth of the alpha lipoic acid market is its
weight reduction application. Consumption of alpha lipoic acid
supplements leads to weight reduction which caters to the consumer
inclined towards a healthier lifestyle.
Other
factors driving the alpha lipoic acid market include the growing
demand for immunity improving supplements across the globe. The
market for these supplements has witnessed a tremendous growth over
the past few years with leading players tapping into the developing
economies.
Alpha
lipoic acid Market Key Players:
Key
global market players manufacturing different alpha lipoic acid for
different applications include AlzChem, Tohope Pharma, Shyndec
Pharmaceutical, Qidu Pharmaceutical, Fushilai Pharmaceutical,
Maidesen, Taike Biological, DKY Technology, Haoxiang Bio, and Infa
Group.
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