Thioctic Acid Market

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.
Thioctic Acid Market contains market size and forecasts of Thioctic Acid (Alpha Lipoic Acid) (ALA) in global, including the following market information:
Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Thioctic Acid (Alpha Lipoic Acid) (ALA) companies in 2021 (%)
The global Thioctic Acid (Alpha Lipoic Acid) (ALA) market was valued at 111.8 million in 2021 and is projected to reach US$ 159.1 million by 2028, at a CAGR of 5.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Medical Grade Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Thioctic Acid (Alpha Lipoic Acid) (ALA) include Tonghe, Shyndec, Fushilai Pharmaceutical, Maidesen, Taike Biological, DKY Technology, Haoxiang Bio and Infa Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Thioctic Acid (Alpha Lipoic Acid) (ALA) 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 Thioctic Acid (Alpha Lipoic Acid) (ALA) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Segment Percentages, by Type, 2021 (%)
Medical Grade
Food Grade
Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Segment Percentages, by Application, 2021 (%)
Health Care
Pharmaceutical
Others
Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Thioctic Acid (Alpha Lipoic Acid) (ALA) Market Segment Percentages, By Region and Country, 2021 (%)
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 Thioctic Acid (Alpha Lipoic Acid) (ALA) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Thioctic Acid (Alpha Lipoic Acid) (ALA) revenues share in global market, 2021 (%)
Key companies Thioctic Acid (Alpha Lipoic Acid) (ALA) sales in global market, 2017-2022 (Estimated), (MT)
Key companies Thioctic Acid (Alpha Lipoic Acid) (ALA) sales share in global market, 2021 (%)
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