PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629691
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629691
Alpha-Lipoic Acid Market, By Product, By Product Form, By Application, By Geography
The Global Alpha-Lipoic Acid Market is estimated to be valued at USD 1,070.4 Mn in 2024 and is expected to reach USD 1,704.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 1,070.4 Mn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 6.90% | 2031 Value Projection: | US$ 1,704.3 Mn |
Alpha-lipoic acid is an antioxidant that is produced naturally in small amounts by the body and also found in some foods including yeast, spinach, broccoli, and potatoes. It helps turn glucose into energy in cells and has potential benefits of reducing oxidative stress and scavenging free radicals in the body. The global alpha-lipoic acid market has been witnessing significant growth in recent years due to increasing awareness about its various health benefits such as promoting liver health, improving neuropathies, and supporting heart health. Growing geriatric population prone to age-related illnesses and rising adoption of supplements for healthy aging have further spurred market growth.
Market Dynamics:
The global alpha-lipoic acid market is driven by rising health consciousness among consumers and growing prevalence of lifestyle diseases worldwide. As people seek natural ways to boost immunity and antioxidant levels in the body, the demand for alpha-lipoic acid supplements has surged significantly. Moreover, increasing spending capacities in developing nations have positively impacted the market growth. However, high costs of production and frequent price fluctuations of raw materials remain key challenges for market players. On the bright side, growing applications of alpha-lipoic acid in skin care and anti-aging creams have opened new opportunities. Ongoing R&D for developing stable and affordable delivery systems will further aid future market expansion.
Key Features of the Study:
This report provides in-depth analysis of the global alpha-lipoic acid market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global Alpha-Lipoic Acid market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include AlzChem Group AG, GeroNova Research Inc., Haihang Industry, Bio Actives Japan Corporation, Prinova Group LLC., Olon S.p.A, Spectrum Chemical, K.-W. Pfannenschmidt GmbH, Suzhou Fushilai Pharmaceutical Co. Ltd., Xi'an Green Spring Technology Co., Ltd, and Solgar Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global alpha-lipoic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global alpha-lipoic acid market
Market Segmentation
- Product Insights (Revenue, USD Mn, 2019 - 2031)
- R Alpha Lipoic Acid
- S Alpha Lipoic Acid
- Product Form Insights (Revenue, USD Mn, 2019 - 2031)
- Powder
- Capsules
- Tablets
- Others
- Application Insights (Revenue, USD Mn, 2019 - 2031)
- Dietary Supplements
- Cosmetics
- Pharmaceuticals
- Others
- Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- AlzChem Group AG
- GeroNova Research Inc.
- Haihang Industry
- Bio Actives Japan Corporation
- Prinova Group LLC.
- Olon S.p.A
- Spectrum Chemical
- -W. Pfannenschmidt GmbH
- Suzhou Fushilai Pharmaceutical Co. Ltd.
- Xi'an Green Spring Technology Co., Ltd
- Solgar Inc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Alpha-Lipoic Acid Market, By Product
- Global Alpha-Lipoic Acid Market, By Product Form
- Global Alpha-Lipoic Acid Market, By Application
- Global Alpha-Lipoic Acid Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Alpha-Lipoic Acid Market, By Product, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- R Alpha Lipoic Acid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- S Alpha Lipoic Acid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
5. Global Alpha-Lipoic Acid Market, By Product Form, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Powder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Capsules
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Tablets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
6. Global Alpha-Lipoic Acid Market, By Application, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Dietary Supplements
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
7. Global Alpha-Lipoic Acid Market, By Region, 2019 - 2031, Value (USD Mn)
- Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Mn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product Form, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product Form, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product Form, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product Form, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product Form, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product Form, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Mn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- AlzChem Group AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- GeroNova Research Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Haihang Industry
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bio Actives Japan Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Prinova Group LLC.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Olon S.p.A
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Spectrum Chemical
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- K.-W. Pfannenschmidt GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Suzhou Fushilai Pharmaceutical Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Xi'an Green Spring Technology Co., Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Solgar Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
