Global L-Carnitine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global l-carnitine market in its upcoming report titled, “Global L-Carnitine Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global l-carnitine market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global l-carnitine market report has been segmented on the basis of product type, application, end user, and region.
L-carnitine is an amino acid (a building block for proteins) that is naturally produced in body and in food. However, it is not considered an essential supplement since the body can make it from amino acids lysine and methionine. It is nutrient that transports fatty acids to the mitochondria for use as a fuel source.
Increasing health awareness among consumers regarding health and increasing prevalence of chronic diseases such as cancer, diabetes, owing to busy lifestyles and improper dietary patterns are major factors driving growth of the global l-carnitine market. Increasing demand for l-carnitine in pharmaceuticals industry for nutritional therapy and high demand from food & beverages industry for production of nutrition supplements are other important factors expected to further boost growth of the global l-carnitine market over the forecast period.
Increasing adoption of l-carnitine in animal feed industry and high demand for sport nutrition products are other factors expected to support growth of this market. Development of various enhanced l-carnitine supplements is another factor expected to contribute growth of this market. However, high consumption of l-carnitine supplements may have various side effects such as nausea, vomiting, stomach upset, heartburn, diarrhea, and seizures, which is a major factor hampering growth of this market over the forecast period.
The market in North America is expected to dominate the global l-carnitine market and expected to account major share in terms of revenue, owing to increasing prevalence of obesity and related diseases and high demand from food & beverages industry in countries in the region. The market in Asia Pacific is expected to account for second-highest revenue share, owing to presence of various domestic and international manufacturers in countries in the region. The market in Asia Pacific is followed by Europe, Latin America, and Middle East & Africa.
Global L-Carnitine market segmentation:
Segmentation by product type:
- L-Carnitine Food Grade
- L-Carnitine Feed Grade
- L-Carnitine Pharmaceutical Grade
Segmentation by application:
- Animal Food
- Health Care Products
- Functional Drinks
Segmentation by end user:
- Fat Loss
- Improved Heart Conditions
- Kidney Treatment
- Boosting Immunity
- Improving Male Infertility
- Brain Function
- Bone Mass
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Northeast Pharmaceutical Group Co., Ltd.
- AIDP Inc.
- Spectrum Chemicals and Laboratory Products, Inc.
- Zhejiang Jiashan Chengda Pharm & Chem Co., Ltd.
- Biosynth AG
- Wuhan Yuancheng Technology Development Co., Ltd.
- Zhejian Jiashan Chengda Pharm Co. Ltd., Lonza Group Ltd.
- Qingdao FTZ United International Inc.
- Sigma–Tau Pharmaceuticals, Inc.
- Ajinomoto AminoScience LLC
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