Global Lipoic Acid Market Growth 2023-2029

Global Lipoic Acid Market Growth 2023-2029

Lipoic acid is a vitamin-like compound found in a slightly yellow crystalline powder form. It can be synthetically produced in laboratories for medical use, but is found naturally in abundance in foods such as yeast, liver, kidney, broccoli, spinach and potatoes.

Lipoic Acid can be divided into α- lipoic acid (alpha lipoic acid), R- lipoic acid and S- lipoic acid. Common commercially available lipoic acid are alpha lipoic acid, so in the report, the volume of lipoic acid is calculated by alpha lipoic acid.

LPI (LP Information)' newest research report, the “Lipoic Acid Industry Forecast” looks at past sales and reviews total world Lipoic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Lipoic Acid sales for 2023 through 2029. With Lipoic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lipoic Acid industry.

This Insight Report provides a comprehensive analysis of the global Lipoic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lipoic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lipoic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lipoic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lipoic Acid.

The global Lipoic Acid market size is projected to grow from US$ 118.7 million in 2022 to US$ 149.1 million in 2029; it is expected to grow at a CAGR of 149.1 from 2023 to 2029.

Lipoic acid manufacturers are mainly concentrated in China, such as Tonghe, Shyndec, Fushilai Pharmaceutical, Maidesen, Taike Biological, DKY Technology and Haoxiang Bio. Tonghe has a long history and is a global leader in this industry. It took a sales share of 70%.

This report presents a comprehensive overview, market shares, and growth opportunities of Lipoic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Medical Grade

Food Grade

Segmentation by application

Health Care Products

Slimming Products

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Tonghe

Shyndec

Fushilai Pharmaceutical

Maidesen

Taike Biological

DKY Technology

Haoxiang Bio

Infa Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lipoic Acid market?

What factors are driving Lipoic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lipoic Acid market opportunities vary by end market size?

How does Lipoic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.