L-carnitine Market to Grow with a CAGR of 4.03% through 2028
Rising demand for weight management solutions, the rise of sports
nutrition, and expanding regional markets is expected to drive the Global L-carnitine
Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “L-carnitine Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global L-carnitine Market stood at USD 185.19 million in 2022 and is
anticipated to grow with a CAGR of 4.03% in the forecast period, 2024-2028.
This can be attributed to scientific research and validation. Ongoing
scientific research into the potential health benefits of L-carnitine has
provided evidence to support its use. Positive findings from studies on its
effects on exercise performance, heart health, and weight management have
bolstered consumer confidence in L-carnitine products.
Moreover, while the L-carnitine market is global, regional variations in
consumer preferences and regulations are notable. Asia-Pacific, with its
increasing health-conscious population, is expected to witness substantial
market growth. Understanding and adapting to regional nuances will be crucial
for market players.
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"Global L-carnitine Market”
The market is poised for growth due to increasing awareness of the
product's advantages, which encompass enhancements in muscle recovery,
reduction in muscle soreness, and muscle gain. This heightened awareness is
driving greater demand for the product across various industries, consequently
fueling market expansion. Moreover, the rising utilization of L-carnitine
supplements for post-exercise recovery, weight management, and promoting
healthy aging is expected to be a driving force during the forecast period.
The United States ranks as the third-largest global market for
biomedicines and is a leader in biomedicine research and development. The
expansion of the pharmaceutical and biomedicine sectors in the U.S. is
projected to boost the use of L-carnitine in medicines aimed at managing
conditions like diabetes, thyroid disorders, hypertension, and coronary heart
diseases.
L-carnitine supplementation is sought after by individuals with low
natural L-carnitine production in their bodies. Various factors contribute to
low L-carnitine levels, including medical conditions such as skeletal
myopathies, the use of certain medications, and genetic disorders. Increasing
awareness of the importance of regular check-ups and growing health concerns
among the population, along with the development of treatments for various
diseases and disorders, are expected to benefit the market in the forecast
period.
Furthermore, research published by the National Library of Medicine
indicates that L-carnitine has demonstrated potential benefits in increasing
lactation and improving metabolism in cows. Similarly, data from Oxford
University Press suggests that dogs and horses may experience performance
enhancements, including muscle recovery, improved fuel efficiency, and
antioxidant properties, through L-carnitine supplementation. These benefits
associated with L-carnitine supplements are expected to contribute to market
growth in the foreseeable future.
The Global L-carnitine Market is segmented into process, product,
application, regional distribution, and company.
Based on its application, healthcare products took a commanding lead in the
market in 2022. This can be attributed to their extensive utilization in a wide
array of healthcare products, including supplements designed for weight loss
and increased stamina. As the consumption of healthcare products continues to
rise, driven by factors such as the increasing prevalence of obesity,
heightened consumer awareness regarding personal health and well-being,
evolving lifestyles, and greater spending capacity, the dietary supplement
market is poised for substantial growth by the year 2030. This rapid expansion
of the dietary supplement industry is expected to create promising
opportunities for manufacturers throughout the forecast period.
L-carnitine serves as an essential micronutrient crucial for the growth
and performance of various animal species, including poultry, swine, cattle,
horses, and companion animals. The inclusion of dietary L-carnitine
supplementation in animal nutrition has a positive impact, as it provides a
sufficient supply of dietary energy and protein, thereby benefiting the overall
nutritional status of these animals.
Based on region, North America emerged as the dominant player in the
L-carnitine market in 2022. This can be attributed to the expansion of a
health-conscious consumer base within the region. L-carnitine has established
itself as a crucial component in the treatment and prevention of various health
conditions, rendering it a highly sought-after ingredient in the realm of
functional foods and beverages.
The increased levels of energy, stamina, and other associated health
benefits have inclined consumers towards products that incorporate L-carnitine,
especially in the form of functional food and beverages. This growing
preference for L-carnitine supplements among North American consumers is
expected to drive market growth in the foreseeable future.
In Europe, the nutraceutical industry is projected to experience growth
as more consumers opt for supplements as a preventive measure against health
concerns. Additionally, consumers favor herbal products over pharmaceuticals
due to the latter's potential side effects. The increasing acceptance of
nutraceuticals as a means to enhance health without posing potential health
risks is anticipated to fuel market expansion throughout the forecast period.
Major companies operating in Global L-carnitine Market are:
- Lonza Group AG
- Northeast
Pharmaceutical Group Co Ltd
- Biosint-SpA
- Cayman Chemical Co Inc
- Merck KGaA
- Tokyo Chemical Industry
Co., Ltd.
- Kaiyuan Hengtai
Nutrition Co Ltd
- Chengda Pharmaceuticals
Co Ltd
- Huanggang Luban
Pharmaceutical Co Ltd
- Hubei Yuancheng
Saichuang Technology Co.,Ltd
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“The global L-carnitine market is poised for continued evolution and
growth, driven by consumer demand for personalized, clean label, and
sustainable products. As research expands the understanding of L-carnitine's
potential benefits, new applications may emerge, broadening its reach.
Manufacturers, retailers, and stakeholders in the L-carnitine market must stay
attuned to these upcoming trends to seize opportunities, meet consumer demands,
and contribute to the ever-evolving landscape of health and wellness,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“L-carnitine Market By Process (Chemical Synthesis, Bioprocess), By Product (Food & Pharma
Grade, Feed Grade), By Application (Animal Feed, Healthcare Products,
Functional Food & Beverage, Medicines), By Region, By Competition Forecast &
Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global L-carnitine Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global L-carnitine Market.
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