Argentina Alpha Lipoic Acid Market Outlook

argentina alpha lipoic acid market outlook (2018 to 2032) is expected to remain favorable across different end use industries. alpha lipoic acid is widely used in the pharmaceutical and healthcare industry due to its various advantages including improved cognitive and neurological functions and preventing/treating diabetes. additionally, the increasing awareness among consumers related to the health benefits associated with alpha lipoic acid is expected to fuel the growth of the market during the upcoming years. in terms of regional reach, the argentine market for alpha lipoic acid holds a prominent position among the latam countries. the argentine consumers’ rising awareness about the benefits associated with alpha lipoic acid and its high adoption rate are some of the major factors driving the regional market growth. additionally, the availability of raw materials, components and substances involved in the production of alpha lipoic acid at a much lower cost in the region further aid the market’s growth. in terms of application, the pharmaceutical and healthcare industry holds the highest share in the argentine alpha lipoic acid market and is expected to continue its dominance in the upcoming period. this is due to the increasing healthcare expenditure and rising demand for drugs with a higher amount of alpha lipoic acid. in terms of distribution channel, argentine consumers prefer to purchase alpha lipoic acid-based products mainly from the drugstore and retail stores in the country. owing to the increasing number of retailers, the argentine consumers are able to obtain highly competitive prices to purchase these products. going forward, the argentine alpha lipoic acid market is expected to witness a significant growth owing to the rising demand from the country’s cosmetics industry. this is mainly attributed to the increasing preference of consumers, particularly those belong to the high-income strata, for natural ingredients-based products. moreover, the increasing demand for personal care products in argentinian cities is anticipated to have a positive influence on the market’s growth in the upcoming years.