Lipoic Acid Market Research Report offered by DecisionDatabases.com provides a detailed study on the industrial development of the market under the forecast period 2019-2025. The Global Lipoic Acid Industry Report gives an elaborate information about the market size, share and analyzes the complete value chain the report also covers the market dynamics enriching business strategists with quality data about the Lipoic Acid market.
This research report categorizes the global Lipoic Acid market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.
Lipoic acid is a vitamin-like compound found in a slightly yellow crystalline powder form. This product can used to treat diabetes mellitus and lose weight. Active ingredient in lipoic acid is mainly R- Lipoic Acid. Nowadays, R- Lipoic Acid had already been extracted from lipoic acid and its price is higher than lipoic acid. Common commercially available lipoic acid are alpha lipoic acid. So, lipoic acid cannot be substituted by R- Lipoic Acid in short time.
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. In 2015, it took a sales share of 70.09%, with the sales of 735 MT.
Lipoic acid’s consumption regions are China, Europe, North America and Japan. China is a large production and consumption area. In 2016, China consumption was 293 MT, with a production share of 27.96%. Europe is another major production region. In 2016 Europe lipoic acid production was 284 MT.
In the future, we predict that global lipoic acid production will continue to increase. By 2023, global production will be 1433 MT. Price will decrease to 90.9 USD/Kg.
In 2017, the global Lipoic Acid market size was 110 million US$ and is forecast to 140 million US in 2025, growing at a CAGR of 3.7% from 2018. The objectives of this study are to define, segment, and project the size of the Lipoic Acid market based on company, product type, application and key regions.
The various contributors involved in the value chain of Lipoic Acid include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in the Lipoic Acid include
- Tonghe
- Shyndec
- Fushilai Pharmaceutical
- Maidesen
- Taike Biological
- DKY Technology
- Haoxiang Bio
- Infa Group
Market Size Split by Type
Market Size Split by Application
- Health Care Industry
- Pharmaceutical Industry
- Others
Market size split by Region
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Singapore
- Malaysia
- Philippines
- Thailand
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Central & South America
- Brazil
- Rest of Central & South America
- Middle East & Africa
- GCC Countries
- Turkey
- Egypt
- South Africa
The study objectives of this report are:
- To study and analyze the global Lipoic Acid market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
- To understand the structure of Lipoic Acid market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global Lipoic Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Lipoic Acid with respect to individual growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of Lipoic Acid submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.