Market Overview:
The global α-lipoic acid market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for α-lipoic acid in various applications such as health care industry, pharmaceutical industry, and others. North America is expected to hold the largest share of the global α-lipoic acid market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to witness highest growth rate during the forecast period owing to increasing demand from countries such as China and India.
Product Definition:
α-lipoic acid is a fatty acid that is found in every cell of the body. It helps turn glucose into energy and also helps remove toxins. α-lipoic acid is important for treating diabetes, Alzheimer's disease, and other conditions.
Injection:
Injection is a method of delivering drugs that involves the administration of the drug in liquid or solid form via syringe, jet injector, or vial. Injection allows for more control over drug delivery as compared to oral dosage forms and also helps in improving patient compliance.
The global injection is expected to witness significant growth over the forecast period owing to increasing demand for controlled release formulations and growing geriatric population base which requires specific medication dose depending upon their age group.
Capsule:
Capsule is a small container that holds the drug and protects it from getting into contact with other materials or substances. It also helps in preserving the dosage form of the drug for a longer period of time. The capsule can be oral, topical (injectable), injectable or transdermal depending upon what type of formulation is required by the pharmaceutical company producing it and how it will be used by patients.
Application Insights:
The health care industry accounted for the largest share of over 50% in 2017. The product is used as a nutritional supplement and in the treatment of patients suffering from diabetes, obesity, high cholesterol level and other cardiac diseases. It is also employed as an anti-aging agent to improve skin texture among others¢â‚¬â„¢ applications.
The pharmaceutical industry is anticipated to witness lucrative growth over the forecast period owing to its wide range of applications including diabetic neuropathy prevention therapy, osteoporosis management drug development etc.
Regional Analysis:
Europe was the largest market for α-lipoic acid, accounting for a share of more than 30.0% in 2017. The region is expected to continue its dominance over the forecast period as well due to presence of developed healthcare and pharmaceutical industries, which are majorly driven by innovation and R&D activities related to nutraceuticals and pharmaceutical products. Moreover, increasing prevalence of diabetes in this region is anticipated to boost demand for α-lipoic acid owing to its ability to treat diabetes naturally without any known side effects or drug resistance issues associated with conventional drugs used against type 2 diabetes.
Asia Pacific is projected as the fastest growing regional market from 2018 until 2030 due high R&D investments by global players coupled with rising awareness about potential benefits offered by nutraceuticals & supplements products among consumers especially in developing countries such as China & India will drive growth over next eight years (2018 - 2030).
Growth Factors:
- Increasing demand for α-lipoic acid in the pharmaceutical and dietary supplement industries as a result of its various health benefits is expected to drive the market growth.
- Growing awareness about the potential health benefits of α-lipoic acid is anticipated to boost market growth.
- Rising research and development activities for new applications of α-lipoic acid is projected to propel market expansion during the forecast period.
- Increasing use of α-lipoic acid in medical treatments such as diabetes, cancer, and neurodegenerative diseases is likely to fuel market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
α-Lipoic Acid Market Research Report
By Type
Injection, Capsule, Tablet
By Application
Health Care Industry, Pharmaceutical Industry, Others
By Companies
Tonghe, Shyndec, Fushilai Pharmaceutical, Maidesen, Taike Biological, DKY Technology, Haoxiang Bio, Infa Group, Tonghe
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global α-Lipoic Acid Market Report Segments:
The global α-Lipoic Acid market is segmented on the basis of:
Types
Injection, Capsule, Tablet
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Health Care Industry, Pharmaceutical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tonghe
- Shyndec
- Fushilai Pharmaceutical
- Maidesen
- Taike Biological
- DKY Technology
- Haoxiang Bio
- Infa Group
- Tonghe
Highlights of The α-Lipoic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Injection
- Capsule
- Tablet
- By Application:
- Health Care Industry
- Pharmaceutical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the α-Lipoic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
α-Lipoic acid is a type of fatty acid that helps the body use glucose for energy. It can help reduce inflammation and improve nerve function.
Some of the major players in the î±-lipoic acid market are Tonghe, Shyndec, Fushilai Pharmaceutical, Maidesen, Taike Biological, DKY Technology, Haoxiang Bio, Infa Group, Tonghe.
The ±-lipoic acid market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 α-Lipoic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 α-Lipoic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 α-Lipoic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the α-Lipoic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global α-Lipoic Acid Market Size & Forecast, 2020-2028
4.5.1 α-Lipoic Acid Market Size and Y-o-Y Growth
4.5.2 α-Lipoic Acid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Injection
5.2.2 Capsule
5.2.3 Tablet
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Health Care Industry
6.2.2 Pharmaceutical Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global α-Lipoic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 α-Lipoic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Injection
9.6.2 Capsule
9.6.3 Tablet
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Health Care Industry
9.10.2 Pharmaceutical Industry
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Injection
10.6.2 Capsule
10.6.3 Tablet
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Health Care Industry
10.10.2 Pharmaceutical Industry
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Injection
11.6.2 Capsule
11.6.3 Tablet
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Health Care Industry
11.10.2 Pharmaceutical Industry
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Injection
12.6.2 Capsule
12.6.3 Tablet
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Health Care Industry
12.10.2 Pharmaceutical Industry
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Injection
13.6.2 Capsule
13.6.3 Tablet
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Health Care Industry
13.10.2 Pharmaceutical Industry
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 α-Lipoic Acid Market: Competitive Dashboard
14.2 Global α-Lipoic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tonghe
14.3.2 Shyndec
14.3.3 Fushilai Pharmaceutical
14.3.4 Maidesen
14.3.5 Taike Biological
14.3.6 DKY Technology
14.3.7 Haoxiang Bio
14.3.8 Infa Group
14.3.9 Tonghe
