Market Overview:
The global thioctic acid (alpha lipoic acid) market is expected to register a CAGR of 6.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for thioctic acid in the health care and pharmaceutical industries. Additionally, rising awareness about the benefits of thioctic acid is also propelling its demand across the globe. Based on type, medical grade accounted for a majority share of the global market in 2017. This segment is projected to grow at a CAGR of 7% during 2018-2030 owing to its growing use in various applications such as diabetes management and cancer treatment. Food grade held second largest share in 2017 and is anticipated to exhibit highest growth rate over next 10 years due to increasing application areas such as dietary supplements and functional foods & beverages segments. Regionally, North America dominated the global market with more than one-third share in terms revenue generated from sales of alpha lipoic acid products in 2017; however Asia Pacific region is expected witness highest CAGR over next 10 years on account surging demand from countries such as China.
 (ALA) Industry Outlook.svg)
Product Definition:
Thioctic acid (α-lipoic acid) is a sulfur-containing compound that is made in the body. It is also called alpha lipoic acid (ALA), dihydrolipoic acid (DHLA), and thiotic acid. Thioctic acid helps turn glucose into energy in the body's cells. It also helps to protect the cells from damage caused by free radicals.
Medical Grade:
Medical-grade thioctic acid is a form of alpha lipoic acid. It’s used in the treatment of several metabolic disorders including GBA (Gastro-Biliary Atresia), homocystinuria, and Leber's congenital amaurosis (LCA). Thioctic acid has also been proven to be useful in the treatment of diabetic neuropathy, postmenopausal women with climacteric symptoms, and patients undergoing dialysis.
Food Grade:
Food grade is the term used for products that are intended for human consumption. It includes animal and plant-based foods such as meat, poultry, seafood, dairy products (including eggs), fruits & vegetables. Food grades can be distinguished from industrial grades which are used in non-food applications such as pharmaceuticals and chemicals.
ALA is a naturally occurring antioxidant found in meats.
Application Insights:
Health care industry was the largest application segment in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 owing to its ability to protect against several chronic diseases such as cardiovascular, diabetes, cancer, etc. Moreover, it has been proven that thioctic acid can also be used for the treatment of drug-resistant epilepsy and Alzheimer¢â‚¬â„¢s disease. It is anticipated that these factors will boost product demand over the forecast period.
Pharmaceutical industry accounted for 9% share in 2017 due largely to its use as an antioxidant agent in producing vitamin supplements & medicines for different health problems such as arthritis pain relief tablets consumed by millions of people around the world every day. Other applications include food additives and cosmetics where it acts as a preservative or antioxidant ingredient responsible for imparting various benefits on human health including protection against heart disease stroke cancer etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% during the forecast period. This can be attributed to increasing research and development activities for developing novel products using thioctic acid as an active ingredient. Moreover, growing awareness regarding health benefits coupled with high disposable income is anticipated to drive the demand for thioctic acid in this region.
Asia Pacific is expected to grow at a significant rate during the forecast period owing to rising healthcare spending by governments and private sectors coupled with increasing R&D expenditure by pharmaceutical companies on improving their product portfolio including new drug molecules based on alpha lipoic acid molecule structure for treating various diseases such as cancer, diabetes, arthritis etc., which are prevalent in this region. In addition, growing medical tourism industry due to low cost of treatment & maintenance will further propel market growth over the coming years (8% annually).
Growth Factors:
- Increasing demand for ALA in the pharmaceutical and dietary supplement industries as a result of its antioxidant and anti-inflammatory properties.
- Growing research on the potential health benefits of ALA, which is expected to lead to an increase in its use in various applications.
- Rising awareness about the benefits of using ALA supplements among consumers, which is likely to boost demand for these products over the next few years.
- The increasing prevalence of chronic diseases such as diabetes and obesity, which are known to be associated with oxidative stress, is likely to create significant growth opportunities for the ALA market in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Research Report
By Type
Medical Grade, Food Grade
By Application
Health Care Industry, Pharmaceutical Industry, Others
By Companies
Tonghe, Shyndec, Fushilai Pharmaceutical, Maidesen, Taike Biological, DKY Technology, Haoxiang Bio, Infa Group
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Report Segments:
The global Thioctic Acid (Alpha Lipoic Acid) (ALA) market is segmented on the basis of:
Types
Medical Grade, Food Grade
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
 (ALA) Market Overview.svg)
Highlights of The Thioctic Acid (Alpha Lipoic Acid) (ALA) 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:
- Medical Grade
- Food Grade
- 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 Thioctic Acid (Alpha Lipoic Acid) (ALA) 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
 (ALA) Market Statistics.svg)
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?
Thioctic acid is a natural compound found in plants and animals. It is an alpha lipoic acid, which is a type of antioxidant.
Some of the key players operating in the thioctic acid (alpha lipoic acid) (ala) market are Tonghe, Shyndec, Fushilai Pharmaceutical, Maidesen, Taike Biological, DKY Technology, Haoxiang Bio, Infa Group.
The thioctic acid (alpha lipoic acid) (ala) market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thioctic Acid (Alpha Lipoic Acid) (ALA) Market - Supply Chain
4.5. Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Forecast
4.5.1. Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Absolute $ Opportunity
5. Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Type
5.3.1. Medical Grade
5.3.2. Food Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Application
6.3.1. Health Care Industry
6.3.2. Pharmaceutical Industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Demand Share Forecast, 2019-2026
9. North America Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Application
9.4.1. Health Care Industry
9.4.2. Pharmaceutical Industry
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Type
9.7.1. Medical Grade
9.7.2. Food Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thioctic Acid (Alpha Lipoic Acid) (ALA) Demand Share Forecast, 2019-2026
10. Latin America Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Application
10.4.1. Health Care Industry
10.4.2. Pharmaceutical Industry
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Type
10.7.1. Medical Grade
10.7.2. Food Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thioctic Acid (Alpha Lipoic Acid) (ALA) Demand Share Forecast, 2019-2026
11. Europe Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Application
11.4.1. Health Care Industry
11.4.2. Pharmaceutical Industry
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Type
11.7.1. Medical Grade
11.7.2. Food Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thioctic Acid (Alpha Lipoic Acid) (ALA) Demand Share, 2019-2026
12. Asia Pacific Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Application
12.4.1. Health Care Industry
12.4.2. Pharmaceutical Industry
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Type
12.7.1. Medical Grade
12.7.2. Food Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thioctic Acid (Alpha Lipoic Acid) (ALA) Demand Share, 2019-2026
13. Middle East & Africa Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Application
13.4.1. Health Care Industry
13.4.2. Pharmaceutical Industry
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Size and Volume Forecast by Type
13.7.1. Medical Grade
13.7.2. Food Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thioctic Acid (Alpha Lipoic Acid) (ALA) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market: Market Share Analysis
14.2. Thioctic Acid (Alpha Lipoic Acid) (ALA) Distributors and Customers
14.3. Thioctic Acid (Alpha Lipoic Acid) (ALA) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tonghe
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shyndec
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fushilai Pharmaceutical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Maidesen
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Taike Biological
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DKY Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Haoxiang Bio
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Infa Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
