Lipoic Acid Market, Global Outlook and Forecast 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 ?- 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.
This report aims to provide a comprehensive presentation of the global market for Lipoic Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lipoic Acid. This report contains market size and forecasts of Lipoic Acid in global, including the following market information:
Global Lipoic Acid Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Lipoic Acid Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Lipoic Acid companies in 2022 (%)
The global Lipoic Acid market was valued at US$ 124.8 million in 2022 and is projected to reach US$ 154.2 million by 2029, at a CAGR of 3.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Lipoic Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Lipoic Acid Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Lipoic Acid Market Segment Percentages, by Type, 2022 (%)
    Medical Grade
    Food Grade
Global Lipoic Acid Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Lipoic Acid Market Segment Percentages, by Application, 2022 (%)
    Health Care Products
    Slimming Products
    Others
Global Lipoic Acid Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Lipoic Acid Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Lipoic Acid revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Lipoic Acid revenues share in global market, 2022 (%)
Key companies Lipoic Acid sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Lipoic Acid sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Tonghe
    Shyndec
    Fushilai Pharmaceutical
    Maidesen
    Taike Biological
    DKY Technology
    Haoxiang Bio
    Infa Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of Lipoic Acid, market overview.
Chapter 2: Global Lipoic Acid market size in revenue and volume.
Chapter 3: Detailed analysis of Lipoic Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Lipoic Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Lipoic Acid capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.