The Global L-Carnitine Market size was valued at USD 185.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5% from 2021 to 2027.
L-Carnitine is a type of amino acid that is a key component of protein, from which acids naturally produced in the body produce energy. L-Carnitine plays an important role in fat metabolism. It is used as a supplement to increase energy levels in deficient patients. Naturally, L-carnitine is found in dairy products, peanuts, fish, butter and red meat. L-Carnitine is also used as a supplement for premature babies, vegetarians, and people on a diet. Additionally, L-carnitine is a potential health contributor for cardiovascular benefits, sports nutrition, weight management, and maintaining energy levels during pregnancy. L-Carnitine is also a white crystalline powder with the ability to retain moisture due to its hygroscopicity.
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Market Segments
Segmentation by product type:
- L-Carnitine Food Grade
- L-Carnitine Feed Grade
- L-Carnitine Pharmaceutical Grade
Segmentation by application:
- Animal Food
- Health Care Products
- Functional Drinks
- Medicine
- Others
Segmentation by end user:
- Fat Loss
- Improved Heart Conditions
- Kidney Treatment
- Boosting Immunity
- Improving Male Infertility
- Brain Function
- Bone Mass
Key Players
- Merck Group
- Lonza Group AG
- Northeast Pharmaceutical Group Co. Ltd.
- Cayman Chemical Company, Inc.
- Tokyo Chemical Industry Co. Ltd.
- Ceva Sante Animale S.A.
- Kaiyuan Hengtai Chemical Co., Ltd.
Scope of the Report
The research study analyzes the global L-Carnitine industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global L-Carnitine Market is available at: https://www.orionmarketreports.com/l-carnitine-market/62758/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by L-Carnitine Market Report
1. What was the L-Carnitine Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the L-Carnitine Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the L-Carnitine Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global L-Carnitine market.
- The market share of the global L-Carnitine market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global L-Carnitine market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global L-Carnitine market.
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