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L-Carnitine Market Size Estimated to Reach $277.9 Million By 2028 | CAGR: 5.3% : Polaris Market Research

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L-Carnitine Market Size Estimated to Reach $277.9 Million By 2028 | CAGR: 5.3% : Polaris Market Research

November 24
14:44 2021
L-Carnitine Market Size Estimated to Reach $277.9 Million By 2028 | CAGR: 5.3% : Polaris Market Research
Polaris Market Research
The new published report by Polaris Market Research The global L-carnitine market size was valued at USD 184.6 million in 2020 and is expected to reach USD 277.9 million by 2028 to grow at a CAGR of 5.3% during the forecast period

The global L-carnitine market size is expected to reach USD 277.9 million by 2028 according to a new study by Polaris Market Research. The report “L-Carnitine Market Share, Size, Trends, Industry Analysis Report, By Process (Chemical Synthesis, Bioprocess); By Product (Food & Pharmaceutical Grade, Feed Grade); By Application (Animal Feed, Healthcare Products, Functional Drinks, Medicines); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growth of the global market during the forecast period is mainly driven by the factors such as the growing geriatric population base, along with the rising prevalence of various age-related chronic disorders that include diabetes and other cardiovascular diseases. Moreover, the growing demand for quality animal feed and the increasing awareness for functional foods is expected further to propel the industry growth in the near future.

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L-Carnitine Market Size

Major players operating in the market include Ceva, Cayman Chemical, China Qingdao Hongjin Chemical Co., Ltd., ChengDa PharmaCeuticals Co., Ltd., Hua Yang Berhad, Hubei Yuancheng Technology, Huanggang Huayang Pharmaceutical Co., Ltd., Kaiyuan Hengtai Chemical, Koncepnutra, Kaiyuan Hengtai Nutrition Co., Ltd., Northeast Pharmaceutical Group, Lonza, Shanghai Danfan Network Science&Technology Co., Ltd., Tokyo Chemical Industry, Shanghai Kangxin Chemical CO., LTD, and Xinxiang Kangjian Chemical Co., Ltd.

Market Insight : 

There is an increase in the geriatric population across the globe. and the population is expected to double in the next three decades. Aged people are more prone to acquire chronic disorders such as diabetes and CVDs. Diabetes affects more than 100 million people in the U.S. alone, and CVDs are the leading cause of deaths worldwide, affecting more than 400 million people. 

Chemical multistep racemization is the preferred chemical synthesis process for manufacturing the product, whereas microorganisms and enzymes are used in the bioprocess of l-carnitine. It is mainly used in pharmaceuticals and animal feed as they are helpful in weight management and maintaining overall health. They also treat obesity, hyper-lipidemia, and diabetic ketoacidosis in pet animals such as dogs and cats. 

Many new developments have been taking place in the global industry in recent times. For instance, in February 2021, Yanhee Hospital introduced a new product, “YANHEE ULTIMATE L-CARNITINE,” in the market. In October 2020, REPP launched a brand new carnitine-based product named L-Carnitine Thermo for weight loss.

 

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Polaris Market Research has segmented the L-Carnitine market report on the basis of process, product, application, and region:

L-Carnitine, Process Outlook (Revenue – USD Million, 2016 – 2028)

  • Chemical Synthesis
  • Bioprocess

L-Carnitine, Product Outlook (Revenue – USD Million, 2016 – 2028)

  • Food & Pharmaceutical Grade
  • Feed Grade

L-Carnitine, Application Outlook (Revenue – USD Million, 2016 – 2028)

  • Animal Feed
  • Healthcare Products
  • Functional Drinks
  • Medicines

L-Carnitine, Regional Outlook (Revenue – USD Million, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Austria
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Have Any Query Or Specific Requirement? Feel Free To Ask Our Industry Experts At: https://www.polarismarketresearch.com/industry-analysis/l-carnitine-market/speak-to-analyst

Or 

Other Studies Relevant to this Industry: https://www.polarismarketresearch.com/industry/Food-and-Beverages

 

About Polaris Market Research

 

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers

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