Alpha Lipoic Acid Market Statistics and Research Analysis Released in Latest Report, 2017 - 2024

Alpha Lipoic Acid Market size is likely to surpass a revenue of over USD 19 million by 2024, recording a CAGR of more than 6% over 2017-2024.

Alpha lipoic acid market has been forecast to exhibit a surging growth potential in the ensuing years. This upward curve in the growth map of this business space can be credited to many essential factors, one of the more common ones being, the mounting demand for this compound subject to the drastic changes in the consumer behavior with regards to obesity and fitness.

Researchers have gathered various empirical evidences that demonstrate the successful utilization of alpha lipoic acid (ALA) across the medical, pharmaceutical, healthcare, and food supplements sectors, a factor that will be responsible for the commercialization of alpha lipoic acid market in the coming years. The usage of ALA has been proved to be quite beneficial (in some cases) for humans, since the product intake is said to positively affect the nervous, immune, and cardiovascular systems of the human body.

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Experimental studies have revealed the health benefits of ALA supplements consumption in the doses ranging between 301 to 1,799 mg per day. Its consumption is proved to be safe by most medical practitioners, only if they are consumed in strictly prescribed proportions, as excess ALA consumption was found to cause skin allergies and gastrointestinal disorders.

Based on the research reports from a reputed journal - Neuroimmunology & Neuroinflammation, ALA may be capable enough to treat patients affected by secondary progressive multiple sclerosis. In the event that this treatment methodology is proved with further solid evidences, it may leave a profound impact on alpha lipoic acid industry size.

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In one of the many experiments carried out to treat cancer, it was detected that the consumption of ALA affects the phenotypes of non-lung cell lung cancer derived H460, H23, and H292 cells. These cancer stem cells can renew themselves and possesses the ability to increase tumor growth along with metastasis. Scientists have also found that the product can prove to be helpful in preventing atherosclerosis, which will encourage new entrants and established players to make substantial investments in cancer research. Eventually, they will try to explore the untapped growth potential of alpha lipoic acid market and generate lucrative business opportunities.

Alpha Lipoic Acid Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Improving health standards in Asia Pacific
3.4.1.2. Robust product demand for medical applications in North America
3.4.2. Industry pitfalls & challenges
3.4.2.1. Limited product use due to its side effects
3.4.2.2. Availability of several product substitutes
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Growth potential analysis
3.7. Porter’s analysis
3.8. Company market share analysis, 2016
3.8.1. Strategy landscape
3.9. PESTEL analysis
3.10. Regional price trends

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Speaking in terms of geographical trends, alpha lipoic acid industry is set to expand its footprints across major regions – North America, Latin America, and the Asia Pacific. As per estimates, Latin America alpha lipoic acid market is slated to grow at a rate of 6% over the coming timeline. The growth graph of this business space across this region may depict an upward trend subject to the substantial government funding to improve the healthcare facilities. Brazil is forecast to be a key regional growth driver. In North America though, alpha lipoic acid market share will be considerably augmented by the emerging pharmaceutical sector and the escalating need for dietary supplements & slimming products.

Despite being one of many dubious markets in the chemical sector, the competitive landscape of alpha lipoic acid industry encompasses quite a few renowned participants, namely, Sabinsa Corporation, AlzChem AG, HiMedia Laboratories, Shanghai Shyndec Pharmaceutical Company Limited, and Health Genesis Corporation. The aforementioned biggies are expected to bet big on this business in the future, according to analysts. These ALA market participants are also predicted to improve their brand presence through product portfolio expansion, joint ventures, and strategic collaborations.

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This release was published on openPR.