QYR forecast the production of Alpha Lipoic Acid is estimated to be 1554 Mt in 2023

  

In the next few years, Alpha Lipoic Acid production will show a trend of steady growth. In 2023 the production of Alpha Lipoic Acid is estimated to be 1554 MT.

Publisher: QYResearch

Published Date: 2018/8/13

Alpha 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. In global market, the production of Alpha Lipoic Acid increases from 844.8 MT in 2012 to 1248.1 MT in 2016, at a CAGR of 10.25%. In 2016, the global Alpha Lipoic Acid market is led by China, capturing about 98.65% of global Alpha Lipoic Acid production. China is also the largest exporter.

At present, the major manufacturers of Alpha Lipoic Acid are Tonghe, Shyndec, Fushilai Pharmaceutical, Maidesen, Taike Biological, DKY Technology, Haoxiang Bio, Infa Group. Tonghe and Fushilai Pharmaceutical are the world leader, holding 83.38% production market share in 2016.

Lipoic acid’s consumption regions are China, Europe, North America, Japan and India. China is a large production region and Europe is the largest consumption region. In 2016, Europe consumption was 361.8 MT, with a consumption share of 28.99%. North America is another major consumption region with 26.02% share.

In application, Alpha Lipoic Acid downstream is wide and recently Alpha Lipoic Acid has acquired increasing significance in various fields of Health Care Industry and Pharmaceutical Industry and others. The Alpha Lipoic Acid market is mainly driven by growing demand for Health Care Industry which accounts for nearly 89.56% of total downstream consumption of Alpha Lipoic Acid.

In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Alpha Lipoic Acid production will show a trend of steady growth. In 2023 the production of Alpha Lipoic Acid is estimated to be 1554 MT.

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