Press release
L-carnitine Market Volume Forecast and Value Chain Analysis 2017-2025
L-carnitine Market: Drivers & Restraints
The major factors driving the growth of L-carnitine market are un-healthy lifestyle and increasing patient awareness towards the timely treatment of various disorders growing demand of L-carnitine in a wide range of applications ranging from food to pharmaceutical, increasing urbanization, and rising disposable income. Moreover, growing to increase incidences of diseases such as congestive heart failure, Rett syndrome, heart attacks, anorexia, diabetes and thyroid and additional advanced impact factor for the development of L-carnitine market. In addition, increasing geriatric population base globally coupled with greater spending ability of health conscious people. The increasing use of L-carnitine in food supplements, health drinks, and medicines has is also booming the growth of L-carnitine market over the forecasted year. Also, obesity-related difficulties such as diabetes, chronic fatigue, and heart attacks accounts toward dominance of L-carnitine market. L-carnitine market is experiencing increasing number of new players in the food manufacturing sector attributed to the potential of L-carnitine in advancing athletic performance.
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L-carnitine Market: Market Segmentation
The L-carnitine market is segmented into five parts based on the product type, end-use, application type, distribution channels, and geography.
Based on the product type the L-carnitine market is segmented into:
L-Carnitine Food Grade
L-Carnitine Feed Grade
L-Carnitine Pharmaceutical Grade
Based on the end-use type the L-carnitine market is segmented into:
Fat Loss
Improved Heart Conditions
Kidney Treatment
Boosting Immunity
Improving Male Infertility
Brain Function
Bone Mass
Based on the application type the L-carnitine market is segmented into:
Animal Food
Health Care Products
Functional Drinks
Medicine
Others
Based on the type of distribution channels L-carnitine market is segmented into:
Internet Retailing
Mass Retailers
Direct Selling
Others
L-carnitine Market: Regional Outlook
Regarding geography, L-carnitine market has been categorized into five seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. L-carnitine market is expected to register healthy CAGR during the forecast period. Asia-Pacific represents the significantly high market share and grow with comparatively high CAGR in forecast period. North America is experiencing the rapid increase in the production capacity of L-carnitine owing to high prevalence of obesity among the population base and rising occurrences of related issues, and used in growing end-use industries including foods, pharmaceutical, and personal care industries. L-carnitine market is projected to register healthy growth due increasing end-user application across globe. L-carnitine market for Asia Pacific is also expected to witness rapid growth during the forecast period primarily attributed to the growth of gum market, especially in China and India. Moreover, increasing population and rising health concerns mainly in emerging economies of China and India is expected to boost the growth the APEJ L-carnitine market. Asia Pacific is witnessed to boost the growth attributed to increasing manufacturing capacity, high quality standards and low prices. Moreover, misleading information and low consumer awareness are estimated to be prominent restraints for market development over the forecast period.
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L-carnitine Market Players
Some of the market players identified in the L-carnitine market are:-
Lonza Group
Northeast Pharmaceutical
Hengtai Chemical
Chengda Pharmaceutical
Koncepnutra
HuaYang
Biosint
Hongjing Chemical
KangXin Chemical
Kangjian Chemical
AIDP
Others
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