L-carnitine Market Size - By process (Chemical Synthesis, Bioprocess), By product (Food & Pharmaceutical Grade, Feed Grade), By Application (Healthcare products, Animal Feed, Functional Drinks) & Global Forecast, 2024 – 2032
Report ID: GMI6328
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Published Date: July 2023
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Report Format: PDF
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Base Year: 2023
Companies covered: 15
Tables & Figures: 189
Countries covered: 21
Pages: 150
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L-carnitine Market
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L-carnitine Market Size
L-carnitine Market size was valued at USD 206 million in 2023 and is estimated to observe around 5% CAGR from 2024 to 2032. The surging consumer awareness about health and fitness worldwide will have favorable impact on the market growth. The growing burden of cardiovascular diseases worldwide has propelled the need to enhance cardiac functions and exercise tolerance among individuals, emphasizing the need for certain foods and supplements. According to the WHO, cardiovascular diseases (CVDs) account for an estimated 17.9 million deaths each year.
In addition to improving heart health, L-carnitine is increasingly incorporated in supplements to boost immunity as well as promote weight loss and fat metabolism. For instance, in March 2022, Pro Nutrition & Fitness introduced a new tablet-based supplement line, ‘Night Shred’, formulated with L-carnitine to raise energy levels. The growing incorporation of L-carnitine in sports nutrition products will also impact the market growth.
L-carnitine Market Growth Drivers & Restraints
Rising application scope in the animal feed industry to enhance growth performance will contribute to the market expansion. However, the rising emphasis on negative perceptions and misinformation related to L-carnitine may hinder the product uptake to some extent. While several marketers have claimed L-carnitine to be a miracle weight loss supplement, its impact on weight loss is not as significant as some promotional materials suggest.
COVID-19 Impact
The COVID-19 pandemic positively impacted the demand for L-carnitine on account of its broad effects on several aspects of healthcare, nutrition, and lifestyles. The emergence of working from home initiatives along with the limited access to outdoor activities or gyms affected consumer eating habits and lifestyle choices, forging a strong desire for supplements, such as L-carnitine. Several research suggested that carnitine helps in downregulating the proinflammatory cytokines and preventing the disease progression. The rising intake of L-carnitine tartrate supplementation to counter the COVID-19 infection also added to the market size.
L-carnitine Market Trends
The rapidly expanding aging population along with their intensifying focus on good health and well-being will accelerate the market demand. As per WHO, the population of people aged 60 years and older worldwide is expected to double, reaching 2.1 billion by 2050. L-carnitine provides potential benefits for older individuals as it supports muscle functions, energy production, heart health, and cognitive functions. Rising consumption of L-carnitine supplements to improve fatty acid utilization and mitochondrial function in older individuals will further accelerate the industry expansion.
L-carnitine Market Analysis
L-carnitine market size from the functional drinks segment is estimated to hold substantial revenue share by the end of 2032, owing to the rising efforts placed by individuals on leading balanced and health-conscious lifestyles. L-carnitine offers potential benefits, such as improved exercise performance while promoting weight management and enhancing the overall energy levels. The growing focus of leading players on introducing functional beverages to cater to the rising nutritional requirements of consumers will drive the segment growth. For instance, in February 2022, well-known sports nutrition brand, Applied Nutrition launched Carni-Tone, its new L-Carnitine ready-to- drink product.
The feed-grade segment recorded over 68% of the L-carnitine market share in 2022, on account of its ability to strengthen the immune system, boost growth promotion and improve the antioxidant effects as well as semen quality, feed-grade L-carnitine is extensively used for poultry production. Increasing incorporation in pet specialty premium pet foods to improve the health and well-being of dogs and cats will also play a key role in the market value. For instance, in March 2021, Natural Balance® launched its new Targeted Nutrition dog and cat food line, comprising On The Move™ and Fat Dogs® made from natural ingredients, including L-carnitine, to help support digestion, movement, and mood.
North America L-carnitine market size reached USD 63.9 million in 2022, attributed to the changing consumer preferences in the region. The rising health and fitness trends have led to the high intake of dietary supplements and functional foods, mainly in the U.S. and Canada. As per a latest study by the U.S. Centers for Disease Control and Prevention, over one third of children consume dietary supplements. Growing advances in scientific research coupled with the strong presence of well-established health and wellness sector will also anchor the regional industry demand.
L-carnitine Market Share
Some key participants in the L-carnitine market include
These companies concentrate on strategic partnerships, new product launches, and commercialization efforts for market growth. Furthermore, they make huge investments in research & development to launch advanced products and gain maximum market revenue.
L-carnitine Industry News
This L-carnitine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2018 to 2032, for the following segments:
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Market, By process
Market, By product
Market, By product
The above information has been provided for the following regions and countries: