The alpha lipoic acid market is highly fragmented with the presence of large and small players, and the low initial investment or set-up costs to manufacture the product will further increase the threat of new entrants into the industry. in the years to come.
SELBYVILLE, Del., July 1, 2021 / PRNewswire / – Based on the report by Global Market Insights Inc., the Alpha Lipoic Acid Market was estimated at $ 805.7 million in 2020 and is expected to exceed $ 1.22 billion by 2027, the registration of a 6.3% CAGR from 2021 to 2027. The report provides in-depth analysis of major investment avenues, major winning strategies, drivers and opportunities, hesitant industry trends, market estimates, as well as size and market scenarios. competition.
The growing health awareness among consumers around the world will drive the growth of the industry between 2021 and 2027. In addition, with the increasing pace of the elderly population, it is likely that the demand for dietary supplements and medicines medical products will be propelled, which will contribute to the alpha lipoic acid market share by 2027
The R-Lipoic segment accounted for the largest share of the global alpha-lipoic acid market. The segment is expected to grow at a CAGR of over 6.4% from 2021 to 2027. It is a biologically active water-soluble and fat-soluble antioxidant, which is widely involved in cell metabolism and which occurs naturally in plants, animals and the human body. Improving health awareness in adults to maintain attractive physical attributes or maintain optimal weight balance without any physical training will further propel the demand for R-lipoic acid over the expected period.
Request a sample report: https://www.gminsights.com/request-sample/detail/1605
The drug segment will account for a share of around 50% and is expected to grow at a CAGR of 6.5% in 2027. For example, 9% of the total global population over the age of 18 suffers from diabetes and is expected to grow rapidly in the coming years. These deadly health problems give rise to demand for the products, achieving significant gains during the forecast period.
North America is likely to grow at a CAGR of 5.6% in the coming years. North America has a well established pharmaceutical industry. Considering the population affected by diabetes, nearly 29.3 million people, it is estimated to grow to 35.1 million by 2040. In 2015, the United States was ranked first in global spending. health related to diabetes, with regional investments 320 billion dollars in 2015, and is expected to reach $ 349 billion in 2040. These trends present brighter aspects for the growth of the alpha lipoic acid market during the forecast period for its significant use in the manufacture of drugs for the treatment of diabetes.
Request to customize this report: https://www.gminsights.com/roc/1605
The increasing demand for alpha-lipoic acid in various applications, due to its many health benefits, will positively contribute to the overall alpha-lipoic acid industry. Key players, such as INFA Group and AlzChem AG, are mainly focusing on strategic alliances and expanding their product portfolio and presence in emerging countries. For example, in May 2016, OLON acquired the INFA group. The merger between Olon and INFA will help expand Olon’s product portfolio which already includes cytotoxic compounds, semi-synthetic APIs, HPAPIs, recombinant peptides, etc.
The main manufacturers operating in the alpha lipoic acid industry are Infa Group (Olon SpA), Suzhou Fushilai Pharmaceutical, HiMedia Laboratories, MTC Industries., Shandong Qidu Pharmaceutical, Qufu Maidesen Fine Chemical, Shanghai Shyndec (Modern) Pharmaceutical, Jiangsu Tohope Pharmaceutical, GeroNova Research, Source Naturals and others. They focus on expanding their manufacturing capabilities and strategic alliances, such as collaborations and joint ventures, partnerships and acquisitions, to gain market share in the industry.
About Global Market Insights Inc.
Global Market Insights, Inc., headquartered at Delaware, in the United States, is a global provider of market research and consulting services. Offering syndicated and customized research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with insightful insights and actionable market data that aid strategic decision making.
GMIpulse, our business analysis platform offers an interactive online option to explore our proprietary industry research data in an easy-to-use and dynamic way. Customers can explore market information in 11 high-level categories and hundreds of industry segments, covering regional, company-level and cross-sectional statistics that make our offering unique for decision makers.
Alpha Lipoic Acid Market Outlook – 2027
View original content to download multimedia:https://www.prnewswire.com/news-releases/the-alpha-lipoic-acid-market-projected-to-surpass-1-22-billion-by-2027–says-global-market-insights-inc -301323207.html
SOURCE Global Market Insights Inc.