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Global L-Carnitine Market Segmentation by Process (Bioprocess and Chemical Synthesis), By Product (Pharmaceutical Grade, Food, and Feed Grade), By Application (Healthcare Products, Functional Drinks, Animal Feed, and Medicines) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2021 – 2027)

Published: March, 2023
ID: 11263
Pages: 175
Formats: report pdf report excel report power bi report ppt

L-Carnitine Market Growth and Forecast (2022 - 2027):

The Global L-Carnitine Market size was worth US$ xx million in 2021, and it is estimated to reach a valuation of US$ xx million, rising with an annual expansion rate of xx% between 2021 and 2026.

Market Overview:

L-Carnitine is an amino acid (a component of protein) that occurs naturally in the body and in food. However, it is not considered an essential supplement because the body can make it from the amino acids lysine and methionine. It acts as a nutrient in transporting fatty acids to the mitochondria which can be used as fuel source. L-carnitine plays an important role in fat metabolism. It is used as a supplement to increase energy levels in people with a deficiency. Naturally, L-carnitine is found in peanuts, dairy products, butter, fish, and red meat. L-carnitine is also used as a supplement for vegetarians, premature babies, and dieters. Additionally, L-carnitine is a potential health contributor in sports nutrition, cardiovascular benefits, weight management, and maintenance of energy levels during pregnancy. Also, L-carnitine is a white crystalline powder that has the ability to retain moisture due to its hygroscopic properties. L-carnitine is known to improve recovery in older people after exercise. It also helps reduce the risk of skeletal deterioration commonly found in the elderly population. In addition, L-carnitine helps improve the mental functioning of these people. These proven benefits make it one of the leading products used in the manufacture of preventive medical treatments. Naturally, market growth is expected to be significant in the coming years.

L-Carnitine Market Growth:

The expansion of the animal feed industry is likely to increase the demand for L-carnitine during the outlook period.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

xx%

Segments Covered

By Process, Product, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Northeast Pharmaceutical Group Co., Ltd. (NEPG), Lonza Group Ltd., Cayman Chemical, Biosint SpA, Tokyo Chemical Industry Co., Ltd., Merck KGaA, Kaiyuan Hengtai Chemical Co., Ltd., Ceva Santé Animale SA, Huanggang Huayang Pharmaceutical Co. Ltd., Chengda Pharmaceuticals Co. Limited. And Hubei Yuancheng Technology Co. Limited and Others.

Drivers:

Increasing patient awareness of a variety of disabilities, unhealthy lifestyles, and a growing elderly population base around the world are some of the key drivers of the future growth of the l-carnitine market. Additionally, obesity-related complications, such as chronic fatigue, diabetes, and heart attacks, are some of the main factors that may increase l-carnitine consumption in the near future. A key factor that stands out is the growing health problem among the world's elderly population. As these older generations become more susceptible to heart, kidney, and other physical disorders, there is a growing demand for L-carnitine used as a key ingredient in therapeutics. In addition to this, more and more people around the world are worrying about their health and choosing preventive care. This is also a powerful driving force in the growth of the global L-carnitine market. L-carnitine is also increasingly used as a supplement in animal feed. L-carnitine is used in the production of various types of animal feed, such as pigs, pigeons, racehorses, and cattle, and is used to improve daily performance, average growth rates, and overall growth. These uses have also helped promote the general development of the market in recent years. Increasing consumer health awareness of health due to busy lifestyles and improper eating habits and the increasing prevalence of chronic diseases such as cancer and diabetes are key factors driving the growth of the global l-carnitine market. The development of various improved l-carnitine supplements is another factor that is expected to contribute to the growth of this market. In addition, growing concern for the quality and safety of meat has promoted the use of supplements in animal feed. The use of L-carnitine as a supplement in animal feed can provide a number of benefits, including growth performance and improvement of the reproductive process.

Technological advancements related to manufacturing technologies are foreseen to play an important role in driving market growth. The L-carnitine market is expected to show significant growth over the forecast period as innovation in manufacturing processes increases. Chemical synthesis and biological processes are processes commonly used in manufacturing. The bioprocess recorded a large market share in 2020 and this trend is expected to continue during the conjecture period due to higher yields and environmental benefits. The increasing demand for l-carnitine by the pharmaceutical industry for nutritional therapy and the high demand from the food and beverage industry for the production of nutritional supplements are other important factors that are expected to further drive the growth of the global market for l-carnitine during the prognosis period. L-carnitine has been recommended by medical experts around the world for people with genetic disorders in which the body cannot synthesize carnitine naturally. Additionally, the widespread use of carnitine in the treatment of carnitine deficiency in advanced stage kidney disease caused by dialysis has led to an increase in the intake of L-carnitine in supplement form. The use of L-carnitine in supplement form to treat involuntary weight loss and increase the body mass index (BMI) in people with cachexia or wasting syndrome is constantly increasing. Increasing consumption of L-carnitine to improve fat mass in patients with wasting syndrome is expected to further accelerate the growth of the L-carnitine market.

Restraints:

However, along with these positive factors, there are also other factors that can limit the growth of the market, such as fluctuations in the prices of raw materials, lower prices of substitutes, etc. Manufacturers have a great opportunity to establish manufacturing centers in China and India due to increased production. Low priced capacity, raw materials and a low percentage of labor are some of the factors that could create more opportunities for manufacturers in future evaluation periods. Additionally, high consumption of l-carnitine supplements can have a variety of side effects such as vomiting, nausea, heartburn, diarrhea, upset stomach, and seizures, which are the main factors hampering the market growth.

L-Carnitine Market Segmentation Analysis:

On the basis of the process, the market for L-carnitine has been segmented into bioprocesses and chemical synthesis. Chemical synthesis had the largest share of the global L-carnitine market, while the bioprocessing market is expected to grow at a higher CAGR during the forecast period. The most commonly used chemical synthesis process to produce L-carnitine is multi-stage chemical racemization, which produces a racemic mixture with D-carnitine as a by-product.

On the basis of the product, the market for L-carnitine has been differentiated into pharmaceutical grade, food grade and food grade. The food segment occupies the majority of the global L-carnitine market, while the pharmaceutical grade segment is expected to record the fastest growth rate during the forecast period.

By application, the market for L-carnitine has been segmented into health care products, functional beverages, animal feed, and pharmaceuticals. The Healthcare Products segment occupies the majority of the global L-carnitine market, while the Functional Beverages segment is expected to record the fastest growth rate during the forecast period. L-Carnitine is used in the production of health care products such as nutritional supplements and powdered supplements for weight management, energy and endurance.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

North America has a positive outlook for L-carnitine production capacity, as the prevalence of obesity among the population is high and the occurrence of related problems is increasing, and it is used in end-use industries, including food industries, pharmaceutical and personal care. The l-carnitine market is expected to register healthy growth as end-user applications increase around the world. The Asia Pacific region is likely to see rapid growth during the forecast period, especially in China and India. In addition, increased manufacturing capacity, lower prices for quality standards of raw materials for products, growing health problems and the growing population of emerging economies such as India and China are expected to drive growth in the economy. Asia Pacific L-Carnitine market. Low consumer perception in the Eastern Europe and Middle East and Africa region is estimated to be a major constraint to market development during the forecast period. Latin America is expected to show weaker growth compared to the Middle East and Africa regions.

Key Players in the Market:

Major Key Players in the Global L-Carnitine Market are

Key players in the L-Carnitine market include Northeast Pharmaceutical Group Co., Ltd. (NEPG), Lonza Group Ltd., Cayman Chemical, Biosint SpA, Tokyo Chemical Industry Co., Ltd., Merck KGaA, Kaiyuan Hengtai Chemical Co., Ltd., Ceva Santé Animale SA, Huanggang Huayang Pharmaceutical Co. Ltd., Chengda Pharmaceuticals Co. Limited. And Hubei Yuancheng Technology Co. Limited.

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