L-Carnosine Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

The global L-carnosine market is estimated to grow at a CAGR of around 5.0% during the forecast period. The major factors contributing to the growth of the market include the growth in the cosmetic industry, rising prevalence of diabetes, CVD coupled with the expanding pool of aging population that are susceptible to these diseases. Diabetes has been among the most prevalent diseases around the globe. As per the International Diabetes Federation (IDF), in 2019, nearly 463 million adults (20-79 years) were suffering from diabetes, which is expected to reach 700 million by 2045. Over 1.1 million children and adolescents are living with type 1 diabetes. L-carnosine prevents damage caused by too much sugar in the body. It is a naturally occurring molecule composed of two amino acids that are capable of protecting patients against diabetes owing to its ability to neutralize toxic compounds and improve glycemic control.

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The global L-carnosine market is segmented on the basis of application and geography. Based on the application, the market is segmented into autism, diabetes support, skin support, CVD support, joint support, and others. Others segment include digestion support, Parkinson's disease, and Alzheimer's disease. In 2019, the skin support segment is projected to contribute a significant share to the global market.

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Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the World. In 2019, North America held the largest share in the market owing to the rising prevalence of chronic diseases and potential awareness regarding dietary supplements in the region. As per the Centers for Disease Control and Prevention (CDC), 6 in 10 adults in the US have a chronic disease and 4 in 10 adults in the US have two or more chronic diseases. This, in turn, is driving the demand for L-carnosine in the region.

Further, the report covers the analysis of various players operating in the market. Some of the major players covered in the report include Bachem AG, Kirkman Group, Inc., Charkit Chemical Company LLC, Foodchem International Corp., Klaire Labs, and Jarrow Formulas Inc. The market players are adopting some crucial strategies such as mergers and acquisitions, geographical expansion, and product launches, to expand market share. For instance, in July 2018, Bachem opened its Japan subsidiary in Tokyo as Bachem Japan K.K. With this expansion, the company aimed to strengthen customer support and increase its business growth in the Asian market.

Global L-Carnosine Market- Segmentation

By Application

Autism
Diabetes
Skin Support
Cardiovascular Support
Joint Support
Others

Global L-Carnosine Market- Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Atrium Innovations Inc. (Douglas Laboratories)
BachemGroup
Belle Chemical LLC
Charkit Chemical Company LLC
Foodchem International Corp.
Jarrow Formulas, Inc.
Kirkman Group, Inc.
Klaire Labs
Lalilab, Inc.
Manus Aktteva Biopharma LLP
NOW Foods, LLC
NutraBio Labs, Inc.
NutriVitaShop
Puneet Laboratories Pvt. Ltd.
Source Naturals, Inc.

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