The newly L-Carnitine market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
L-Carnitine, a sub-type of Carnitine, is a naturally occurring amino acid critical to the burning of fatty acids for energy and prized for its antioxidant properties. Synthesized in the liver and kidneys, L-Carnitine requires two essential amino acids, lysine and methionine, for synthesis to take place. It also requires niacin, B6, and iron from the body for synthesis.
On the basis of products, the various types include L-carnitine, L-carnitine tartrate, L-carnitine fumarate, Acetyl-L-Carnitine, and Propionyl-L-Carnitine. On the basis of application, the L-Carnitine market is segmented into Food, Feed, Pharma, and Other.
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Market Insights
According to the report, the global L-Carnitine market is valued at approximately USD 164 million in 2019 and is expected to generate revenue of around USD 209 million by 2026, growing at a CAGR of roughly 3.56% from 2019 and 2026. The growth can be mainly attributed to rising incidences of diseases such as congestive heart failure, heart attacks, and Rett syndrome and increasing use of L-carnitine in health drinks, food supplements, and medicines. Moreover, with the rise of the global elderly population and the greater spending power of health-conscious people, there is an increased demand for L-Carnitine.
Regional Segment Analysis
Geographically, the L-Carnitine market has been analyzed across North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Asia-Pacific is the global market leader with a proportion of 45.82% and a share of 37.52%. Asia-Pacific is anticipated to register high growth in the coming years, owing to low prices, improved manufacturing capabilities, and high-quality standards. However, low consumer awareness and misleading information are projected to hinder the growth of the market during the forecast years. North America is currently leading Europe with a share of 27.85% and 24.69%. The high rate of obesity in the population base and rising occurrences of related issues are expected to fuel market growth in North America.
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Competitive Players
The L-Carnitine market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are Lonza, Biosint (Sigma-Tau), Koncepnutra, Northeast Pharmaceutical, and Hengtai Chemical. Other prominent vendors in the market are Chengda Pharmaceutical, HuaYang, Tianyi Chem, AIDP, Hubei Hongjing Chemical, and others.
Target Audience for this Report
l L-Carnitine manufacturers
l L-Carnitine importers and exporters
l L-Carnitine traders, distributors, and suppliers
l Raw material suppliers of L-Carnitine
l L-Carnitine industry associations
l Product managers, L-Carnitine industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Research & Clinical Laboratories
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of L-Carnitine Market
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2 Market Trends and Competitive Landscape
3 Segmentation of L-Carnitine Market by Types
4 Segmentation of L-Carnitine Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of L-Carnitine Market in Major Countries
7 North America L-Carnitine Landscape Analysis
8 Europe L-Carnitine Landscape Analysis
9 Asia Pacific L-Carnitine Landscape Analysis
10 Latin America, Middle East & Africa L-Carnitine Landscape Analysis
11 Major Players Profile
11.1 Lonza
11.1.1 Lonza Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Biosint (Sigma-Tau)
11.3 Koncepnutra
11.4 Northeast Pharmaceutical
11.5 Hengtai Chemical
11.6 Chengda Pharmaceutical
11.7 HuaYang
11.8 Tianyi Chem
11.9 AIDP
11.10 Hubei Hongjing Chemical
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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