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L-Carnitine Market Business Growth, Top Key Players Update, Industry Demand, Share, Global Trend, Industry News, Business Statistics and Research Methodology by Forecast to 2027
L-Carnitine Market
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The L-carnitine market was valued at US$ 172.2 million in 2018 and is projected to reach US$ 262.6 million by 2027; it is expected to grow at a CAGR of 4.8% from 2019 to 2027.
Top Industry: - ChengDaPharmaCeuticals Co., Ltd, Maxsun Industries Incorporated, Alpsure Lifesciences Pvt. Ltd, HuangGangHuaYang Pharmaceutical Co., Ltd, KaiyuanHengtai Nutrition Co., Ltd, Lonza Group Ltd, Northeast Pharmaceutical Group Co., Ltd, Cayman Chemical, MERCK KGaA, Biosint S.p.A.
Reason to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global L-Carnitine market
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the L-Carnitine market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
L-Carnitine is a naturally occurring compound in the bodies of humans and animals which play the important role of shuttling fatty acids to and fro in the cells to produce energy. It is produced in the liver and kidneys. However, certain individuals are unable to produce or synthesize required amount of L-Carnitine owing to genetic conditions or defects. Individuals unable to synthesize L-Carnitine suffer from primary and secondary carnitine deficiency. The US Food and Drug Administration (FDA) has approved the use of oral and intravenous (IV) L-Carnitine for treating primary and secondary carnitine deficiency. L-Carnitine is today commercially advertised as nutritional supplements to enhance exercise performance and promote weight loss. It is also approved to treat carnitine deficiencies in patients at the end stage of renal diseases undergoing hemodialysis. Besides its uses in human nutrition, L-Carnitine is also used as an additive in the formulation of animal feed formulations. It is used in the poultry industry to increase egg production and improve egg hatchability.
L-Carnitine has been deemed efficient in increasing body weight gain and feed conversion in chickens, quails, piglets, and fish. L-Carnitine is increasingly used as additives in swine feeds to promote growth in pigs during their grower and finisher stages. The increasing consumption of L-Carnitine in swine nutrition to increase body weight and increase rib fat depth in sows is likely to give an impetus to the L-Carnitine market in the forecast period. The crucial role played by L-Carnitine in the swine industry to increase the total litter weight at birth and at weaning stages is also likely to spur the growth of L-Carnitine. Applications of L-Carnitine as a feed additive in the expanding poultry industry are also expected to create significant opportunities. The growing uses of L-Carnitine in formulating chicken feed to promote lipid distribution in broilers, improving egg promotion, and hatchability is likely to augment the consumption of L-Carnitine in chicken nutrition.
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The fast-expanding animal husbandry and meat industry, coupled with increasing consumption of meat products to meet nutritional requirements across the world, has generated substantial demand for highly functional animal feed additives. The availability of meat at affordable prices and burgeoning meat consumption per capita is expected to foster the growth of the animal husbandry industry and subsequently promote the consumption of L-Carnitine in animal nutrition during the forecast period.
Table of Contents:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. L-Carnitine Market Landscape
5. L-Carnitine Market - Key Market Dynamics
6. L-Carnitine Market - Global Market Analysis
7. L-Carnitine Market - Revenue and Forecasts to 2027 - Product Type
8. L-Carnitine Market - Revenue and Forecasts to 2027 - Application
9. L-Carnitine Market - Revenue and Forecasts to 2027 - Compound
10. L-Carnitine Market Revenue and Forecasts to 2027 - Geographical Analysis
11. Industry Landscape
12. L-Carnitine Market, Key Company Profiles
13. Appendix
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