Press release
L-carnitine Supplements Market: Applications and Regional Insights During the Forecasted Period 2021-2030
The L-carnitine market is anticipated to expand at a CAGR of 3.2% by 2030, owing to the growing health concerns among the geriatric population. L-carnitine is known to enhance post-exercise recovery among the elderly. It also helps in reducing fatigue and boosting mental functioning. Moreover, it minimizes the risk of skeletal decline, which is common among the aging population. The product is beneficial in maintaining lean muscle mass, reducing muscle degradation, and promoting healthy aging.Growing awareness of patients about the treatment of various diseases, unhealthy lifestyle, growing geriatric population base globally are some of the main drivers for the potential growth of the l-carnitine industry. Additionally, obesity related complication such as chronic fatigue, diabetes, and heart attack are some of the key driver which can increase the consumption of l-carnitine in the near future.
However, along with these positive factors, some other factors which can restrict the growth of market such as, fluctuating raw material prices, cheap prices of substitutes, etc. Manufacturers have a strong opportunity to develop a manufacturing hub in China and India as a result of rising raw material production efficiency, cheap price, and low-rate labor availability are some of the factors that can create more opportunities for manufacturers in the coming evaluation period.
The product is also used for supplementing individuals with low levels of natural L-carnitine. Deficiency may occur due to various factors such as genetic disorders, consumption of certain drugs, and medical conditions such as skeletal myopathies. Such factors have exclusively bolstered demand for L-carnitine as dietary supplements.
The spread of coronavirus has made consumers more cautious about their health. Therefore, the demand witnessed in the market is likely to improve, as economies bounce back after the crisis.
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Key Takeaways from L-Carnitine Market Study
L-carnitine and its derivatives witnessed substantial demand in 2018 and the trend is expected to continue over the forecast period.
Healthcare products such as nutritional supplements for weight management, energy, and endurance accounted for the largest market share.
The functional drinks segment is expected to witness the fastest CAGR in the foreseeable future.
Investors are worried that coronavirus spread will destroy economic growth and may not be enough policy action to prevent decline. Several nations, including the UK, have seen central banks slash interest rates, in response.
The pharmaceutical sector in North America is the largest continental pharma market across the globe.
Market players are focused on providing vast product portfolio, better customer service, and enhanced value to their customers.
Competitive landscape
Key players operating in the market include Lonza Group Ltd., Northeast Pharmaceutical Group Co., Ltd. (NEPG), Biosint S.p.A., Cayman Chemical, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Ceva Santé Animale S.A., Kaiyuan Hengtai Chemical Co., Ltd., Chengda Pharmaceuticals Co. Ltd., Huanggang Huayang Pharmaceutical Co. Ltd., and Hubei Yuancheng Technology Co. Ltd.
Market players are focused on providing vast product portfolio, better customer service, and enhanced value to their customers In addition, they are offering standalone or integrated and cost-effective solutions to assist organizations. They put high emphasis on providing customized products to their clients to gain a competitive edge. Moreover, these companies ensure to equip their facilities with high technical expertise and operational capacity to offer integrated services to their clients.
L-CARNITINE SUPPLEMENTS MARKET TAXONOMY
The global L-Carnitine market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Grade
Food Grade
Pharmaceutical Grade
Feed Grade
Application
Functional Drink
Medicine
Healthcare Product
Animal Food
End use
Male Infertility
Kidney Treatment
Bone Mass
Distribution channel
Online
Offline
Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA
Find More Valuable Insights on L-Carnitine Market
Future Market Insights, in its new report, brings to fore an unbiased analysis of the global L-carnitine market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the L-carnitine market on the basis of product, the market is segmented into food & pharma grade and feed grade. Based on process, the market is segmented into chemical synthesis and bioprocess. Based on application, the market is segmented into healthcare product, functional drink, medicine and animal food. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
View TOC of This Report @ https://www.futuremarketinsights.com/reports/l-carnitine-supplements-market/table-of-content
Significant Contributions of the Report
Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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