Global Alpha Lipoic Acid Market Outlook

global alpha lipoic acid market is expected to witness strong growth in the coming years on account of its increasing utilization as an antioxidant and dietary supplement in several end-use industries. alpha lipoic acid is a vitamin-like compound and an antioxidant which helps to convert glucose or starch into energy. its application in medical sciences has been found to be beneficial in treating and curing several aerobic and neurodegenerative diseases including diabetes, stroke, alzheimer’s and parkinson’s. alpha lipoic acid can also act as an anti-inflammatory agent, which reduces symptoms of diseases such as arthritis, flue and joint pain. furthermore, alpha lipoic acid is used in dietary supplements due to its anti-ageing and memory improvement properties. also, its use as a healthy lifestyle supplement is expected to increase significantly during the forecast period. rising incidence of chronic diseases, growing awareness among consumers regarding the health benefits associated with alpha lipoic acid is expected to drive the global alpha lipoic acid market during the forecast period. additionally, growing research and development in the medical sciences industry to find effective treatments for neurological and other diseases is expected to propel the market growth. the global alpha lipoic acid market is expected to be driven by the growth in the food & beverage and pharmaceutical industry. food and beverage industry has been benefitting from the increasing demand for fortified products in order to maintain a healthy lifestyle. pharmaceutical sector is also expected to grow in prominence due to advancements in the medical industry and increasing awareness among consumers regarding the benefits associated with alpha lipoic acid. in terms of regions, asia pacific is expected to be the prominent market owing to growing demand for dietary supplements from countries such as china, india and japan. additionally, increasing expenditure on healthcare industry in the region is further expected to fuel the growth of the global alpha lipoic acid market during the forecast period. overall, the global alpha lipoic acid market is projected to experience healthy growth over the forecast period, owing to its increasing demand in the medical, food & beverage, and pharmaceutical industry. increase r&d expenditure and awareness among consumers regarding the health benefits associated with alpha lipoic acid, are further expected to propel the market growth during the forecast period.