L-Citrulline Market 2023 Global Key Player; Nutra Green Biotechnology Co.,Ltd, KYOWA HAKKO, Wuhan Soleado Technology Co.,Ltd, Zhaoqing City Dingkang Pharmaceutical Co., Ltd, Ansun Bioengineering Co.,Ltd., Shanghai Join-Ray Biotechnology Co.,Ltd, MH2 Bioch

Market Overview:

The Global L-citrulline Market is poised to touch a valuation of USD 40,213.9 million by 2023, as per the latest report by Market Research Future (MRFR). It was previously worth USD 28,097.9 million in 2017. L-citrulline is an organic compound derived from plants and animals which has gained widespread attention owing to its tremendous health benefits. It is the natural form of citrulline. Increasing use of L-citrulline as a nutritional supplement in the food & beverage industry is projected to drive the market growth from 2018 to 2023 (forecast period). This is buttressed by the rising demand for energy drinks and healthy snacks in recent years. Rising consumer awareness amid the health-consciousness wave enveloping consumers is predicted to spike the market demand till 2023.

Prevalence of diseases such as Alzheimer’s, dementia, erectile dysfunction, sickle cell syndrome, and others has caught the interest of drug manufacturers in the healthcare sector. The approval of the compound as an active pharmaceutical ingredient (API) by regulatory agencies is expected to further its demand over the forecast period. Changing lifestyles of consumers coupled with rise in expendable income levels can boost the production of the organic compound.

The descent noticed in livestock production can impede market growth. But the adoption of citrulline malate in cosmetics and personal care sectors can offer avenues for the L-citrulline market to expand in size.

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Segmentation Analysis:

The L-citrulline market is segmented on the basis of application. Major applications comprise food & beverages, cosmetics & personal care, agriculture/animal feed, and pharmaceuticals.

The food & beverages segment dominated the market in 2017 with 36% share, followed by pharmaceuticals. It was valued at USD 10,608.8 million in the same year. It can enjoy 5.46% CAGR over the forecast period to touch a value of 13,906.8 million by 2023 and attain a demand of 374.2 tons in the same year. Demand for functional beverages can augment the market size dramatically till the end of the forecast period.

The pharmaceutical segment is touted to register the highest CAGR of 6.9% during the review period. This can be credited to the use of the compound as an API for manufacturing drugs. It can accumulate close to 369.6 tons in demand by 2023.

On the other hand, the agriculture/animal feed can exhibit 6.20% CAGR to reach a valuation of USD 9,546.5 million by 2023. While the cosmetics & personal care segment can accrue USD 2,925.8 million at 5.69% CAGR over the assessment period.

Regional Analysis

MRFR has segmented the global region into Americas, Western Europe, Eastern Europe, Asia-Pacific and Middle East & Africa. As the US and Canadian economy are considered to be the matured economy, therefore the level of per capita income is very high. Apart from this, large population is very much aware about their health concern. There this region has the huge possibility to acquire the large market share. Focusing on Europe, Western Europe likewise the US is also a matured economy and having a large pool of aging population. Due to this factor, the product has an immense opportunity to grab the market. Asia-Pacific has holding the huge population, where China is known for the largest producer. Even though, it is a fastest growing economy.

Key Players

 Nutra Green Biotechnology Co.,Ltd
 KYOWA HAKKO
 Wuhan Soleado Technology Co.,Ltd
 Zhaoqing City Dingkang Pharmaceutical Co., Ltd
 Ansun Bioengineering Co.,Ltd.
 Shanghai Join-Ray Biotechnology Co.,Ltd
 MH2 Biochemical Co., Ltd.
 Premium Ingredient Co.,Ltd
 Ningbo Yore Chemipharm Co., Ltd

The reports also covers brief analysis of Geographical Region includes:

Americas

- North America (US, Canada)
- Latin America (Argentina, Brazil, Mexico, Rest of LATAM)

Europe

- Western Europe (Germany, France, Italy, Spain, U.K, Rest of Western Europe)

- Eastern Europe (Poland, Russia)
Asia – Pacific

- Asia (China, India, Japan, South Korea, Rest of Asia)
- Pacific Countries (Australia, New Zealand)
Middle East & Africa

- Middle East (Saudi, Qatar, UAE)
- Rest of Middle East (Africa, South Africa, Rest of Africa)

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