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At a CAGR of 6.9% between 2023 and 2030, the global L-carnitine market is projected to increase from a 2022 valuation of USD 203.9 mln. Increasing demand from the animal feed sector, new product launches that include L-carnitine, and a more health-conscious consumer base have all contributed to the market's rapid expansion.
L-carnitine is a useful amino acid for burning fat. Supplementally, it's utilized to rev up people who are feeling run down. Natural sources of L-carnitine include peanut butter, salmon, milk, and beef. L-carnitine is a supplement used by premature infants, vegans, and dieters. L-carnitine may also aid in cardiovascular health, performance in athletics, body composition management, and fetal energy needs.
L-carnitine, being hygroscopic, is a white crystalline powder that can absorb and hold water. L-carnitine has been demonstrated to hasten the elderly's post-workout recovery. It helps with both enhancing mental performance and decreasing fatigue. In addition, the risk of skeletal degeneration, common in the elderly, is lessened. Maintaining muscular mass, slowing muscle atrophy, and encouraging healthy aging are all aided by this supplement.
Rising raw material production capacity, low cost, and the availability of workforce at cheap cost are just a few factors that can generate more opportunities for the companies in the coming years, making China and India attractive locations for manufacturing hubs. L-carnitine is essential for fat metabolism due to its role in the uptake and excretion of fatty acids by cells. It is often used by the obese as a means of weight reduction. More than 1.9 billion individuals throughout the world are overweight or obese right now. Obesity increases one's risk of developing diabetes and cardiovascular problems. L-carnitine's ability to reduce the likelihood of diabetes and cardiovascular disease is well-documented.
Worldwide, 423 people every day will lose their lives to cardiovascular disease. It is estimated that throughout the next two decades, the number of people with diabetes will climb from the present 463 million adults worldwide. The rising demand for l-carnitine and other health supplements as a means of lowering disease risk is a positive indicator for the future of the L-carnitine industry.
The proliferation of l-carnitine supplements and the rising interest in preventative medicine are driving forces in the L-carnitine industry. Other major aspects functioning as determinants of L-carnitine market expansion include rising awareness about the benefits of l-carnitine, rising utilization in animal feed, increasing issues connected to obesity, and advancements in production procedures. Market expansion is anticipated to be boosted by the fact that this product lessens the likelihood of bone degeneration, a common condition in the aged. However, its high price, fluctuations in the cost of the raw material, and cheap pricing of replacements may stunt the market's expansion as a whole. The L-carnitine industry will continue to benefit from the consistent advancements and developments introduced by a number of prominent producers. However, the potential for L-carnitine's negative effects to slow market expansion is a real concern.
Those who don't get enough of it from their diets often supplement with L-carnitine. Several medical conditions, like skeletal myopathies, medication use, and inherited illnesses can contribute to low L-carnitine levels in some persons. During the projected period, the market is likely to profit from rising awareness about getting regular checkups, rising worries about health issues among the mass population, and a growing variety of therapies for various diseases and disorders.
Report Coverage
Global L-carnitine research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global L-carnitine report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and L-carnitine competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key L-carnitine market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global L-carnitine market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, L-carnitine market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Huanggang Huayang Pharmaceutical Co., Ltd., ChengDa PharmaCeuticals Co.,Ltd., Kaiyuan Hengtai Chemical Co., Ltd., TCI Chemicals (India) Pvt. Ltd., Merck KGaA, Cayman Chemical, Northeast Pharmaceutical Group Co.,Ltd, Biosint S.p.A., Lonza, Chengda Pharmaceutical Industry Company Limited, Spectrum Chemical Manufacturing Corp, Viachem Limited, Avanscure Lifesciences Pvt. Ltd., Foodchem International Corporation, MANUS AKTTEVA, and Maxsun Industries, Inc., Ceva Santé Animale S.A., Hubei Yuancheng Technology Co. Ltd., Tokyo Chemical Industry Co., Ltd, China Qingdao Hongjin Chemical Co., Ltd., Hua Yang Berhad, Shanghai Danfan Network Science&Technology Co., Ltd., Shanghai Kangxin Chemical CO., LTD , Xinxiang Kangjian Chemical Co., Ltd. among others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global L-carnitine market based on the below-mentioned segments:
Global L-carnitine market, By Application
Animal Feed
Healthcare Products
Functional Drinks
Medicines
Others
Global L-carnitine Market, By End User
Food & Beverages
Healthcare
Others
Global L-carnitine market, Regional Analysis
L-carnitine is a useful amino acid for burning fat. Supplementally, it's utilized to rev up people who are feeling run down. Natural sources of L-carnitine include peanut butter, salmon, milk, and beef. L-carnitine is a supplement used by premature infants, vegans, and dieters. L-carnitine may also aid in cardiovascular health, performance in athletics, body composition management, and fetal energy needs.
L-carnitine, being hygroscopic, is a white crystalline powder that can absorb and hold water. L-carnitine has been demonstrated to hasten the elderly's post-workout recovery. It helps with both enhancing mental performance and decreasing fatigue. In addition, the risk of skeletal degeneration, common in the elderly, is lessened. Maintaining muscular mass, slowing muscle atrophy, and encouraging healthy aging are all aided by this supplement.
Rising raw material production capacity, low cost, and the availability of workforce at cheap cost are just a few factors that can generate more opportunities for the companies in the coming years, making China and India attractive locations for manufacturing hubs. L-carnitine is essential for fat metabolism due to its role in the uptake and excretion of fatty acids by cells. It is often used by the obese as a means of weight reduction. More than 1.9 billion individuals throughout the world are overweight or obese right now. Obesity increases one's risk of developing diabetes and cardiovascular problems. L-carnitine's ability to reduce the likelihood of diabetes and cardiovascular disease is well-documented.
Worldwide, 423 people every day will lose their lives to cardiovascular disease. It is estimated that throughout the next two decades, the number of people with diabetes will climb from the present 463 million adults worldwide. The rising demand for l-carnitine and other health supplements as a means of lowering disease risk is a positive indicator for the future of the L-carnitine industry.
The proliferation of l-carnitine supplements and the rising interest in preventative medicine are driving forces in the L-carnitine industry. Other major aspects functioning as determinants of L-carnitine market expansion include rising awareness about the benefits of l-carnitine, rising utilization in animal feed, increasing issues connected to obesity, and advancements in production procedures. Market expansion is anticipated to be boosted by the fact that this product lessens the likelihood of bone degeneration, a common condition in the aged. However, its high price, fluctuations in the cost of the raw material, and cheap pricing of replacements may stunt the market's expansion as a whole. The L-carnitine industry will continue to benefit from the consistent advancements and developments introduced by a number of prominent producers. However, the potential for L-carnitine's negative effects to slow market expansion is a real concern.
Those who don't get enough of it from their diets often supplement with L-carnitine. Several medical conditions, like skeletal myopathies, medication use, and inherited illnesses can contribute to low L-carnitine levels in some persons. During the projected period, the market is likely to profit from rising awareness about getting regular checkups, rising worries about health issues among the mass population, and a growing variety of therapies for various diseases and disorders.
Report Coverage
Global L-carnitine research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global L-carnitine report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and L-carnitine competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key L-carnitine market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Huanggang Huayang Pharmaceutical Co., Ltd., ChengDa PharmaCeuticals Co.,Ltd., Kaiyuan Hengtai Chemical Co., Ltd., TCI Chemicals (India) Pvt. Ltd., Merck KGaA, Cayman Chemical, Northeast Pharmaceutical Group Co.,Ltd, Biosint S.p.A., Lonza, Chengda Pharmaceutical Industry Company Limited, Spectrum Chemical Manufacturing Corp, Viachem Limited, Avanscure Lifesciences Pvt. Ltd., Foodchem International Corporation, MANUS AKTTEVA, and Maxsun Industries, Inc., Ceva Santé Animale S.A., Hubei Yuancheng Technology Co. Ltd., Tokyo Chemical Industry Co., Ltd, China Qingdao Hongjin Chemical Co., Ltd., Hua Yang Berhad, Shanghai Danfan Network Science&Technology Co., Ltd., Shanghai Kangxin Chemical CO., LTD , Xinxiang Kangjian Chemical Co., Ltd. among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of L-carnitine Market from 2021 to 2030.
- Market Forecast for L-carnitine Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, L-carnitine competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on L-carnitine
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global L-carnitine market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, L-carnitine market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Huanggang Huayang Pharmaceutical Co., Ltd., ChengDa PharmaCeuticals Co.,Ltd., Kaiyuan Hengtai Chemical Co., Ltd., TCI Chemicals (India) Pvt. Ltd., Merck KGaA, Cayman Chemical, Northeast Pharmaceutical Group Co.,Ltd, Biosint S.p.A., Lonza, Chengda Pharmaceutical Industry Company Limited, Spectrum Chemical Manufacturing Corp, Viachem Limited, Avanscure Lifesciences Pvt. Ltd., Foodchem International Corporation, MANUS AKTTEVA, and Maxsun Industries, Inc., Ceva Santé Animale S.A., Hubei Yuancheng Technology Co. Ltd., Tokyo Chemical Industry Co., Ltd, China Qingdao Hongjin Chemical Co., Ltd., Hua Yang Berhad, Shanghai Danfan Network Science&Technology Co., Ltd., Shanghai Kangxin Chemical CO., LTD , Xinxiang Kangjian Chemical Co., Ltd. among others.
Primary Target Market
- Market Players of L-carnitine
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global L-carnitine market based on the below-mentioned segments:
Global L-carnitine market, By Application
Animal Feed
Healthcare Products
Functional Drinks
Medicines
Others
Global L-carnitine Market, By End User
Food & Beverages
Healthcare
Others
Global L-carnitine market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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