Global Thioctic Acid Market Overview:
Thioctic Acid also known as alpha-lipoic acid or only Lipoic acid is a caprylic acid or octanoic acid derived compound. It is popular for its strong antioxidant properties which can lower the levels of enzymes of liver, thus increasing the metabolism. Regular advised dosage consumption of Thiotic acid is also responsible for increase in glutathione levels in body, which is another antioxidant responsible for cell damage prevention. Though the principal reason for consumption of thiotic acid remains enhancement of aerobic metabolism. And its soluble nature both in fats as well as water makes it an ideal choice for instant energy delivery. The market of supplements is on rise globally because of increased consciousness among people about health, which has been accelerated because of recent pandemic. The prominent markets of Thiotic acid will be North America and Asia Pacific. Some of the players profiled in the study are Suzhou Fushilai Pharmaceutical Co., Ltd. (China), Suzhou Su Taike Biological Reagent Co., Ltd. (China), NOW Health Group, Inc. (United States), Nature's Bounty, Inc. (United States), Swanson Health Products, Inc. (United States), Jarrow Formulas, Inc. (United States), Shanghai Shyndec Pharmaceutical Co., Ltd. (China), Wuhan DKY Technology Co., Ltd. (China), Solgar Inc. (United States) and Spring Valley Laboratories, Inc. (United States).
On the basis of geography, the market of Thioctic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online (E-Commerce Stores) will boost the Thioctic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Capsules will boost the Thioctic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Nutraceuticals will boost the Thioctic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Health Consciousness among People
- Rising Obesity Percentages in Certain Regions of World
- Rise of Pharmaceutical Industry
Influencing Trend
- Tablets and Capsules are the Dominant Most Segment
Restraints
- Side Effects Associated with Thiotic Acid may hamper the Growth of the Market
- Higher Doses of Thiotic Acid is said to Cause Thrombocytopenia
Opportunities
- Markets outside North America are Fairly Less Penetrated
Challenges
- Reducing the Cost of Thiotic Acid Products for Larger Market User Base Access
- Presence of Adulterated and Counterfeit Products
Key Market Developments:
In 2021, The Bountiful Company, which is a parent company of brands such as Puritans' Pride, Solgar, Ester-C and other prominent health and wellness brands has filed for IPO after being backed by global investment firm KKR & Co. Inc. Along with this they are also reportedly in talks with Nestle for a possible acquisition.
Target Audience:
Thiotic Acid Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Thioctic Acid market on the basis of product [R-lipoic Acid and S-lipoic Acid] , application [Diabetes, Nerve Pain, Weight Loss, Skin Care and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Thioctic Acid market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Thioctic Acid industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are GNC Holdings Inc. (United States), Rexall Sundown, Inc. (United States) and Baoji Haoxiang Bio-technology Co. (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Thioctic Acid market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.