Alpha-Lipoic Acid Market to Grow at Highest Pace owing to Rising Demand from Pharmaceutical Industry
The alpha-lipoic acid market is a steadily growing industry with increasing demand from pharmaceutical, health supplements, and cosmetic industries. Alpha-lipoic acid is a potent antioxidant that helps reduce oxidative stress and promotes overall health and wellness. It has gained widespread acceptance in managing several lifestyle-related disorders such as diabetes, cardiovascular issues, and neurological conditions.
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.
Key Takeaways
Key players operating in the alpha-lipoic acid market are 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. The demand for alpha-lipoic acid is growing due to increasing preference for natural remedies in treating chronic diseases and improving immunity. Technological advancements have enabled cost-effective production of alpha-lipoic acid through fermentation methods, enhancing its commercial viability for cosmetic and pharmaceutical applications.
Market Trends
The key in the Alpha-Lipoic Acid Market Demand include growing application in nutraceuticals and functional foods. Alpha-lipoic acid is marketed as a dietary supplement to support weight loss, boost brain health, heart health, and mitochondrial functions. It also helps maintain healthy glucose metabolism. Another important trend is its increasing use in anti-aging cosmetic products. Alpha-lipoic acid helps reduce visible signs of aging like fine lines and wrinkles by neutralizing free radicals and supporting collagen production.
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