Press release
L-Carnitine Market: Year 2020-2027 and its detail analysis by focusing on top key players like ChengDaPharmaCeuticals Co., Ltd, Maxsun Industries Incorporated, Alpsure Lifesciences Pvt. Ltd, HuangGangHuaYang Pharmaceutical Co., Ltd
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.
According to the report, the L-Carnitine market has been segmented by Process (Chemical Synthesis, Bio-process); Product (Food, Pharmaceutical Grade, Feed Grade); Application (Animal Feed, Healthcare Products, Functional Drinks, Medicines).
The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall L-Carnitine market globally. This report on 'L-Carnitine market' provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:
o ChengDaPharmaCeuticals Co., Ltd
o Maxsun Industries Incorporated
o Alpsure Lifesciences Pvt. Ltd
o HuangGangHuaYang Pharmaceutical Co., Ltd
o KaiyuanHengtai Nutrition Co., Ltd
o Lonza Group Ltd
o Northeast Pharmaceutical Group Co., Ltd
o Cayman Chemical
o MERCK KGaA
o Biosint S.p.A.
Report Introduction
L-Carnitine has been recommended by medical professionals globally to individuals with genetic disorders whose bodies are unable to naturally synthesize carnitine. L-Carnitine plays a major role in keeping up with the requirements of energy production in the body, as it is involved in transporting long-chain fatty acids to the mitochondria for energy production. The US Food and Drug Administration has approved the use of (IV) L-Carnitine for treating primary and secondary carnitine deficiencies. L-Carnitine supplements are also used to treat carnitine deficiencies resulting from poor carnitine absorption and chronic kidney failure. Moreover, the widespread use of carnitine in treating carnitine deficiency in end-stage renal diseases resulting from dialysis has compounded the consumption of L-Carnitine in the form of supplements. The use of L-Carnitine in the form of supplements to cure involuntary weight loss and increase the body mass index (BMI) in patients with cachexia or wasting syndrome has steadily risen. Rising consumption of L-Carnitine to improve lean body mass in people with wasting syndrome is expected to further boost the growth of the L-Carnitine market. The L Carnitine market in APAC is expected to grow at the highest CAGR during the forecast period.Factors such as growing demand for nutritional supplements coupled with increasing use in the personal and sports nutrition product are driving its demand in APAC. Functional food and beverages have gained immense popularity among the health-conscious population that has made an impact on the demand for L carnitine in the region.
L-Carnitine is a naturally occurring compound in the bodies of humans and animals which plays an 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. At present, L-Carnitine is commercially advertised as nutritional supplements to enhance exercise performance and promote weight loss. It is approved tobe used in the treatment of 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.
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Chapter Details Of L-Carnitine Market:
Part 01: Introduction
Part 02: Key Takeaways
Part 03: Research Methodology
Part 04: L-Carnitine Market Landscape
Part 05: L-Carnitine Market - Key Market Dynamics
Part 06: L-Carnitine Market - Global Market Analysis
Part 07: L-Carnitine Market - Revenue And Forecasts To 2027 - Process
Part 08: L-Carnitine Market - Revenue And Forecasts To 2027 - Product
Part 09: L-Carnitine Market - Revenue And Forecasts To 2027 - Application
Part 11: L-Carnitine Market Revenue And Forecasts To 2027 - Geographical Analysis
Part 12: Industry Landscape
Part 13: L-Carnitine Market, Key Company Profiles
Part 14: Appendix
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