The alpha lipoic acid market is expected to witness significant growth by 2027 due to growing applications of the product in different food products. In addition, surging pharmaceutical utilization of alpha lipoic acid is anticipated to further fuel market demand through the forecast period.

Alpha lipoic acid is a naturally-occurring substance that can be found in several food products. It also has several antioxidant properties, which has played a vital role in improving the product landscape across the globe.

Notably, alpha lipoic acid is both fat-soluble and water-soluble, which allows it to be used by every cell in the body. Moreover, it is considered useful in tackling medical problems, such as diabetes and obesity, and could also be useful in treating autoimmune diseases and metabolic syndromes. Recently, researchers have also found that alpha lipoic acid could help manage immune system health and has shown immunomodulatory effects on both innate and adaptive immune systems.

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Additionally, alpha lipoic acid is considered an effective nutritive additive in dog food. Studies focused on examining its nutritive activity as a maintenance food for healthy adult dogs (non-gestational and non-lactating) have found that alpha lipoic acid - as part of a complete and balanced diet - has a positive impact on their glutathione status.

Researchers concluded that increasing the concentration of alpha lipoic acid significantly augmented the concentrations of intracellular glutathione, which is a crucial biomarker of the antioxidant system. Thus, surging awareness pertaining to the benefits of alpha lipoic acid and increasing consumer inclination towards healthier foods for their dogs has propelled product demand worldwide.

Following the COVID-19 outbreak, there was a surge in pet ownership, which further boosted the demand for pet food products in leading markets. As a result, escalating demand for pet food has been favorable for market growth across the globe.

For extensive assessment, the alpha lipoic acid market has been segmented on the basis of form, application, and region. In terms of application, the market has further been divided into slimming products, dietary supplements, medical drugs, and others.

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The slimming products sub-segment is expected to grow at a moderate rate through the forecast period owing to the rising awareness regarding the benefits of alpha lipoic acid in weight loss. For instance, a 2020 study published in the International Journal of Clinical Practice found that alpha lipoic acid (ALA) treatment could significantly reduce BMI and weight.

On the regional spectrum, Latin America accounted for over 5% of the alpha lipoic acid market in 2020 and is projected grow at a CAGR of around 6.6% over the assessment period. The Middle East & Africa alpha lipoic acid market is set to observe significant growth by 2027 driven by the soaring product demand in medicinal drugs and dietary supplements.