Global L-Carnitine Market Size, Competitive Analysis, Share, Forecast- 2020-2026

Posted by preeti pandey on November 9th, 2020

The L-carnitine market is projected to grow at a considerable CAGR of around 4% during the forecast period (2020-2026). The proper intake of L-carnitine on daily basis facilitates weight management, which is the primary cause of obesity. The L-carnitine supplements are used to offer relief in obesity-related disorders such as diabetes, high blood pressure, heart diseases, and stroke among others. The global adult diabetic population was 425 million in 2018 with the prevalence rate reaching 8.5% as per World Health Organization (WHO). Over 1.6 million mortalities occurred due to diabetes across the globe. L-carnitine aid to prevent damage caused by too much sugar in the body, therefore growing diabetes patients encourages the demand for L-carnitine. 

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Moreover, L-carnitine membrane-stabilizing properties maintain healthy lactate dehydrogenase activity of cardiovascular cells, providing a protective effect that also has significant application in cardiac support. Apart from this, the rising concerns related to the quality and safety of meat is promoting the adoption of the L-carnitine supplements in the animal feed. Improved growth performance and better reproduction process are among the key benefits of using the L-carnitine supplements in the animal feed, which in turn is driving its market growth. The L-carnitine is used in the feed of different animals such as dogs and cows to expand their average gain. The growing animal feed industry is likely to augment the growth of the L-carnitine market.

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Market Segmentation

            Global L-Carnitine Market by Process Type

•          Bioprocess
•          Chemical Synthesis

            Global L-Carnitine Market by Product Type 

•          Food & Pharmaceutical Grade
•          Feed Grade

            Global L-Carnitine Market by Application

•          Animal Feed
•          Healthcare Products
•          Functional Drinks
•          Others

Regional Analysis

            North America

•          US
•          Canada

            Europe

•          UK
•          Germany
•          Italy
•          Spain
•          France
•          Rest of Europe

            Asia-Pacific

•          China
•          India
•          Japan
•          Rest of Asia-Pacific

            Rest of the World

Company Profiles

•          AIDP, Inc. 
•          Biosint S.p.A.
•          Carbosynth, Ltd.
•          Cayman Chemical
•          Ceva Santé Animale S.A.
•          Chengda Pharmaceuticals Co. Ltd.
•          Huanggang Huayang Pharmaceutical Co. Ltd.
•          Hubei Yuancheng Technology Co. Ltd.
•          Kaiyuan Hengtai Chemical Co., Ltd.
•          Lonza Group, Ltd.
•          Merck KGaA
•          Northeast Pharmaceutical Group Co., Ltd. 
•          Shanghai Kangxin Chemical Co., Ltd.
•          Tokyo Chemical Industry Co., Ltd.
•          Xinxiang Kangjian Chemical Co., Ltd.

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