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Get detailed analysis of the COVID-19 impact on the L-Carnitine Market

Global L-Carnitine Market Opportunities and Forecast 2020-2027

  • DLR2788
  • 02 September, 2021
  • Food & Beverages
  • Pages: 120
  • Global
Global L-Carnitine Market, By Type (L-Carnitine Food Grade ,L-Carnitine Feed Grade ,L-Carnitine Pharmaceutical Grade), By Sources on Raw Material (Plant Source ,Animal Source),By Application (Animal Food ,Health Care Products ,Functional Drinks,Medicine,Others) and opportunities and forecast 2020-2027

L-Carnitine Market Overview

Increasing health awareness among consumers regarding health and increasing prevalence of chronic diseases like cancer, diabetes, due to busy lifestyles and improper dietary patterns are major factors driving growth of the worldwide l-carnitine market. Increasing demand for l-carnitine in pharmaceuticals industry for nutritional therapy and high demand from food & beverages industry for production of nutrition supplements are other important factors expected to further boost growth of the worldwide l-carnitine market over the forecast period.

Increasing adoption of l-carnitine in animal feed industry and high demand for sport nutrition products are other factors expected to support the expansion of this market. Development of various enhanced l-carnitine supplements is another factor expected to contribute growth of this market.

However, high consumption of l-carnitine supplements may have various side effects like nausea, vomiting, indigestion, heartburn, diarrhea, and seizures, which may be a major factor hampering growth of this market over the forecast period.
 
Covid-19 Impact on L-Carnitine Market:

A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, safety, supply chain, training, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in beverage industry is facing a devastating effect of pandemic. 13% of the craft beer sector around the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused shut down of many small to medium food processing companies around the world.
 
L-Carnitine Market Segment Overview

By Type, Food and pharmaceutical grade L-carnitine is primarily used for human consumption for varied applications including healthy aging, male fertility, infant nutrition, weight management, and post-exercise recovery.

However by Application, L-carnitine is an important micronutrient required for the expansion performance of varied animal species, including poultry, swine, cows and cattle, horses, and companion animals. Dietary L-carnitine supplementation has beneficial effects on this animal's nutrition status because it provides a sufficient amount of dietary energy and protein. Supplementation of L-carnitine within the diet of animals significantly improves their weight gain, feed intake, and feed conversion in broiler chicken. Supplementation of L-carnitine in feed improves energy utilization and fatty acid and thus, live weight gain and feed conversion efficiency could also be improved in poultry.

Globally, the health-conscious population has been shifting from carbonated beverages to functional beverages, which may even be witnessed by the increased introduction of functional beverages like kombucha, relaxation beverages, botanical ingredients-based beverages, within the recent past.

Market Analysis, Insights and Forecast – By Type
·       L-Carnitine Food Grade
·       L-Carnitine Feed Grade
·       L-Carnitine Pharmaceutical Grade

Market Analysis, Insights and Forecast – By Sources on Raw Material
·       Plant Source
·       Animal Source

Market Analysis, Insights and Forecast – By Application
·       Animal Food
·       Health Care Products
·       Functional Drinks
·       Medicine
·       Others
 
L-Carnitine Market Regional Overview

Region-wise, in terms of regions, North America is predicted to dominate the worldwide l-carnitine market and expected to account major share in terms of revenue, attributable to increasing prevalence of obesity and related diseases and high demand from food & beverages industry in countries within the region. The market in Asia Pacific is predicted to account for second-highest revenue share, because of presence of varied domestic and international manufacturers in countries within the region. The market in Asia Pacific is followed by Europe, Latin America, and Middle East & Africa.

L-Carnitine Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
L-Carnitine Market Competitor overview

Some key developments and strategies adopted by manufacturers in the L-Carnitine are highlighted below.
 
·        In March 2020, U.S.-based LIFEAID Beverage Co.'s new version of FOCUSAID beverage containing L-carnitine as a functional ingredient. The expansion of L-carnitine within the functional food and beverages market is predicted to further drive the expansion of the merchandise over the forecast period.

L-Carnitine Market, Key Players

·       Lonza
·       Northeast Pharmaceutical Group Co., Ltd. (NEPG)
·       Biosint S.p.A.
·       Cayman Chemical
·       Merck KGaA
·       Tokyo Chemical Industry Co., Ltd.
·       Ceva
·       Kaiyuan Hengtai Nutrition Co., Ltd.
·       ChengDa PharmaCeuticals Co., Ltd.
·       Huanggang Huayang Pharmaceutical Co. Ltd.
·       HuBeiYuancheng SaichuangTechnology Co, .Ltd.
 

L-Carnitine Market Study Global Market Analysis, Insights and Forecast, 2020-2027

    1. Introduction

    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions

    2. Executive Summary

      3. Market Dynamics

      • 3.1. Market Drivers
      • 3.2. Market Restraints
      • 3.3. Market Opportunities

      4. Key Insights

      • 4.1. Key Emerging Trends – For Major Countries
      • 4.2. Latest Technological Advancement
      • 4.3. Regulatory Landscape
      • 4.4. Industry SWOT Analysis
      • 4.5. Porters Five Forces Analysis

      5. Global L-Carnitine Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights and Forecast – By Type
        • 5.2.1. L-Carnitine Food Grade
        • 5.2.2. L-Carnitine Feed Grade
        • 5.2.3. L-Carnitine Pharmaceutical Grade
      • 5.3. Market Analysis, Insights and Forecast – By Sources On Raw Material
        • 5.3.1. Plant Source
        • 5.3.2. Animal Source
      • 5.4. Market Analysis, Insights and Forecast – By Application
        • 5.4.1. Animal Food
        • 5.4.2. Health Care Products
        • 5.4.3. Functional Drinks
        • 5.4.4. Medicine
        • 5.4.5. Others
      • 5.5. Market Analysis, Insights and Forecast – By Region
        • 5.5.1. North America
        • 5.5.2. Europe
        • 5.5.3. Asia Pacific
        • 5.5.4. Latin America, Middle East, and Africa

      6. North America L-Carnitine Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights and Forecast – By Type
        • 6.2.1. L-Carnitine Food Grade
        • 6.2.2. L-Carnitine Feed Grade
        • 6.2.3. L-Carnitine Pharmaceutical Grade
      • 6.3. Market Analysis, Insights and Forecast – By Sources On Raw Material
        • 6.3.1. Plant Source
        • 6.3.2. Animal Source
      • 6.4. Market Analysis, Insights and Forecast – By Application
        • 6.4.1. Animal Food
        • 6.4.2. Health Care Products
        • 6.4.3. Functional Drinks
        • 6.4.4. Medicine
        • 6.4.5. Others
      • 6.5. and Forecast – By Country
        • 6.5.1. U.S.
        • 6.5.2. Canada

      7. Europe L-Carnitine Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights and Forecast – By Type
        • 7.2.1. L-Carnitine Food Grade
        • 7.2.2. L-Carnitine Feed Grade
        • 7.2.3. L-Carnitine Pharmaceutical Grade
      • 7.3. Market Analysis, Insights and Forecast – By Sources On Raw Material
        • 7.3.1. Plant Source
        • 7.3.2. Animal Source
      • 7.4. Market Analysis, Insights and Forecast – By Application
        • 7.4.1. Animal Food
        • 7.4.2. Health Care Products
        • 7.4.3. Functional Drinks
        • 7.4.4. Medicine
        • 7.4.5. Others
      • 7.5. Market Analysis, Insights and Forecast – By Country
        • 7.5.1. UK
        • 7.5.2. Germany
        • 7.5.3. France
        • 7.5.4. Italy
        • 7.5.5. Spain
        • 7.5.6. Russia
        • 7.5.7. Rest of Europe

      8. Asia Pacific L-Carnitine Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights and Forecast – By Type
        • 8.2.1. L-Carnitine Food Grade
        • 8.2.2. L-Carnitine Feed Grade
        • 8.2.3. L-Carnitine Pharmaceutical Grade
      • 8.3. Market Analysis, Insights and Forecast – By Sources On Raw Material
        • 8.3.1. Plant Source
        • 8.3.2. Animal Source
      • 8.4. Market Analysis, Insights and Forecast – By Application
        • 8.4.1. Animal Food
        • 8.4.2. Health Care Products
        • 8.4.3. Functional Drinks
        • 8.4.4. Medicine
        • 8.4.5. Others
      • 8.5. Market Analysis, Insights and Forecast – By Country
        • 8.5.1. China
        • 8.5.2. India
        • 8.5.3. Japan
        • 8.5.4. Australia
        • 8.5.5. South East Asia
        • 8.5.6. Rest of Asia Pacific

      9. Latin America, Middle East, and Africa L-Carnitine Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights and Forecast – By Type
        • 9.2.1. L-Carnitine Food Grade
        • 9.2.2. L-Carnitine Feed Grade
        • 9.2.3. L-Carnitine Pharmaceutical Grade
      • 9.3. Market Analysis, Insights and Forecast – By Sources On Raw Material
        • 9.3.1. Plant Source
        • 9.3.2. Animal Source
      • 9.4. Market Analysis, Insights and Forecast – By Application
        • 9.4.1. Animal Food
        • 9.4.2. Health Care Products
        • 9.4.3. Functional Drinks
        • 9.4.4. Medicine
        • 9.4.5. Others
      • 9.5. Market Analysis, Insights and Forecast – By Country
        • 9.5.1. Brazil
        • 9.5.2. Saudi Arabia
        • 9.5.3. UAE
        • 9.5.4. Rest of LAMEA

      10. Competitive Analysis

      • 10.1. Company Market Share Analysis, 2018
      • 10.2. Key Industry Developments
      • 10.3. Company Profile
      • 10.4. Lonza
        • 10.4.1. Business Overview
        • 10.4.2. Segment 1 & Service Offering
        • 10.4.3. Overall Revenue
        • 10.4.4. Geographic Presence
        • 10.4.5. Recent Development
      *Similar details will be provided for the following companies
      • 10.5. Northeast Pharmaceutical Group Co., Ltd. (NEPG)
      • 10.6. Biosint S.p.A.
      • 10.7. Cayman Chemical
      • 10.8. Merck KGaA
      • 10.9. Tokyo Chemical Industry Co., Ltd.
      • 10.10. Ceva
      • 10.11. Kaiyuan Hengtai Nutrition Co., Ltd.
      • 10.12. ChengDa PharmaCeuticals Co., Ltd.
      • 10.13. Huanggang Huayang Pharmaceutical Co. Ltd.

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