Press release
APAC to remain at the helm, Latin America to follow the suit in Alpha lipoic acid market | Shanghai Shyndec, Now Health Group, AlzChem AG, Life Extension, Infa Group
The vitamin-like chemical has become prevalent among diabetic patients who have pain, burning and numbness in the legs and arms. Notably, number of diabetic patients has risen drastically in APAC countries such as India, Australia and China. For instance, number of people suffering from diabetes in China are likely to be pegged at over 42.3 million by 2030.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1605
Global Market Insights, Inc., has projected alpha lipoic acid market size to surpass US$19 million by 2024.
Top Key Players in The Market are:
Key alpha lipoic acid market players are Shanghai Shyndec, Now Health Group, AlzChem AG, Life Extension, Infa Group, Swanson Health Products, Qidu Pharmaceutical, HiMedia Laboratories, Health Genesis Corporation and Sabinsa Corporation. Few companies such as Now Foods and GeroNova Research, Inc
Growth drivers: R-lipoic acid
Accounting for over 4/5th of business in 2016, organically active R-lipoic acid is likely to trigger growth in alpha lipoic acid industry. R-lipoic is becoming a highly desirable product in treating diabetes and has become a top-notch neuroprotective agent.
Alpha lipoic has been gaining prominence as an antioxidant which can counter radiation sickness, treat diabetes, repair damaged livers and protect against oxidative processes that boost degenerative disease and premature aging.
Given that R-lipoic acid provides greater neuroprotective and antioxidant benefits at considerably lower doses as compared to synthetic forms of lipoic acid, end-users are likely to exhibit increased inclination toward R-lipoic acid.
Trends: Traction in medical drugs
Current trends allude palpable traction towards the use of alpha lipoic acid in medical drugs. Of late, there has been strong demand to manufacture drugs that can be effective in treating nerve pain, cancer, cataract formation, skin discoloration and coronary artery bypass graft (CABG).
Expanding at a compound annual growth rate of around 6% through 2024, medical drugs sector will potentially witness overwhelming infusing of funds.
Opportunities: investment in APAC
Asia Pacific, spearheaded by India, Australia, and China, has become a happy hunting ground for stakeholders eyeing to expand their product portfolios. Rising purchasing power parity (PPP), upsurge in health budget, and increasing number of diabetic patients in the region present APAC as a favorable investment ground.
For instance, diabetes health expenditure in China recorded at US$51 billion in 2015 is likely to soar to US$ 72 bn by 2040.
Latin America has also come up as a viable ground for manufactures of alpha lipoic acid as traction for dietary supplements continues to make headway towards substantial growth. Developing countries such as Brazil are slated to show pronounced inclination towards dietary supplements.
Request for an in-depth table of contents for this report @
https://www.gminsights.com/toc/detail/alpha-lipoic-acid-market
Prevailing challenges
While there is no denying that alpha lipoic acid market outlook looks positive, there are some of the challenges that may mar the industry growth. For instance, side effects such as itching sensation and rashes have posed a seeming challenge to the stakeholders.
It is alleged that pregnant women, vitamin B1 deficient people, and thyroid patients should not consume the product. Moreover, prevalence of substitutes such as Coenzyme Q10, B-alanine and chromium may further derail the growth of the alpha lipoic acid market.
Investment in alpha lipoic acid market is likely to provide an attractive payback. Manufacturers will place emphasis on R-lipoic and boost investment for medical drugs applications.
Browse More News:
https://www.globenewswire.com/news-release/2017/10/30/1159838/0/en/Biocides-Market-to-exceed-13-bn-by-2024-Global-Market-Insights-Inc.html
https://www.globenewswire.com/news-release/2018/10/31/1639860/0/en/Rubber-Processing-Chemicals-Market-to-exceed-5-3bn-by-2025-Global-Market-Insights-Inc.html
https://www.prnewswire.com/news-releases/fragrance-ingredients-market-to-exceed-18-billion-by-2024-global-market-insights-inc--887694796.html
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release APAC to remain at the helm, Latin America to follow the suit in Alpha lipoic acid market | Shanghai Shyndec, Now Health Group, AlzChem AG, Life Extension, Infa Group here
News-ID: 2279075 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for APAC
Bronchopulmonary Dysplasia APAC Market Poised for Phenomenal Expansion Across AP …
DelveInsight's "Bronchopulmonary Dysplasia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Bronchopulmonary Dysplasia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Bronchopulmonary Dysplasia market report provides current treatment pattern analysis, potential upcoming players, market share…
Allergic Rhinitis APAC Market Poised for Phenomenal Expansion Across APAC Region …
"DelveInsight's "Allergic Rhinitis- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Allergic Rhinitis, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Allergic Rhinitis market report provides current treatment pattern analysis, potential upcoming players, market share…
Epilepsy APAC Market Poised for Phenomenal Expansion Across APAC Region in the C …
DelveInsight's "Epilepsy- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Epilepsy, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Epilepsy market report provides current treatment pattern analysis, potential upcoming players, market share of approved and…
Insomnia APAC Market Poised for Phenomenal Expansion Across APAC Region in the C …
DelveInsight's "Insomnia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Insomnia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Insomnia market report provides current treatment pattern analysis, potential upcoming players, market share of approved and…
Vascular Dementia APAC Market Poised for Phenomenal Expansion Across APAC Region …
DelveInsight's "Vascular Dementia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Vascular Dementia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Vascular Dementia market report provides current treatment pattern analysis, potential upcoming players, market share…
Frontotemporal Dementia APAC Market Poised for Phenomenal Expansion Across APAC …
"DelveInsight's "Frontotemporal Dementia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Frontotemporal Dementia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Frontotemporal Dementia market report provides current treatment pattern analysis, potential upcoming players, market share…
