The L-carnitine market was valued at US$ 172.2 million in 2018 and is projected to reach US$ 262.6 million by 2027; it is expected to grow at a CAGR of 4.8% from 2019 to 2027.
L- Carnitine is an amino acid present in every cell of a human body, and it transports fatty acids to mitochondria, thereby helping in energy production. It functions as the engine inside a body, by burning the fats and creating usable energy out of them. A human body requires plenty of vitamin c to produce L-carnitine. It also serves as a nutrient and dietary supplement. L-Carnitine can be produced by consuming meat and fishes. L-Carnitine is known to enhance post-exercise recovery in older people.
Asia Pacific is estimated to register the fastest CAGR in the L- Carnitine market over the forecast period. The rapid growth of this region is primarily attributed to the rising awareness related to health benefits and rich nutritional profile offered by the products prepared from L-Carnitine. Due to the increase rate of lifestyle-related diseases, people are opting for a healthier lifestyle and food. L-Carnitine is increasingly consumed by users for weight management amid growing obesity across the world. Moreover, some studies also claim L-Carnitine to have antitumor and anti-cancer activities Further, it also helps in preventing heart-related diseases in patients who cannot synthesize L-Carnitine on their own. The increasing incidences of cardiovascular diseases in people of Asia countries has driven significant consumers towards opting for L-Carnitine supplements. Rising affluence, burgeoning consumer spending on preventive healthcare products, and increasing incidences of chronic diseases has augmented the sales of L-Carnitine based products. The growing popularity of L-Carnitine based functional drinks and beverages marketed as endurance promoting has led to significant consumption of L-Carnitine in recent period. Further, the growing demand for L-Carnitine in animal nutrition is projected to drive the market growth in the Asia Pacific region..
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L-Carnitine Market: Strategic Insights
Market Size Value in US$ 172.2 Million in 2018 Market Size Value by US$ 262.6 Million by 2027 Growth rate CAGR of 4.8% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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L-Carnitine Market: Strategic Insights
| Market Size Value in | US$ 172.2 Million in 2018 |
| Market Size Value by | US$ 262.6 Million by 2027 |
| Growth rate | CAGR of 4.8% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Market Insights
Growing Demand for L-Carnitine as Additive in Animal Feed
L-Carnitine has been deemed efficient in increasing body weight gain and feed conversion in chickens, quails, piglets, and fish. L-Carnitine is increasingly used as additives in swine feeds to promote growth in pigs during their grower and finisher stages. The increasing consumption of L-Carnitine in swine nutrition to increase body weight and increase rib fat depth in sows is likely to give an impetus to the L-Carnitine market in the forecast period. The crucial role played by L-Carnitine in the swine industry to increase the total litter weight at birth and at weaning stages is also likely to spur the growth of L-Carnitine. Applications of L-Carnitine as a feed additive in the expanding poultry industry are also expected to create significant opportunities. The growing uses of L-Carnitine in formulating chicken feed to promote lipid distribution in broilers, improving egg promotion, and hatchability is likely to augment the consumption of LCarnitine in chicken nutrition. The fast-expanding animal husbandry and meat industry, coupled with increasing consumption of meat products to meet nutritional requirements across the world, has generated substantial demand for highly functional animal feed additives. The availability of meat at affordable prices and burgeoning meat consumption per capita is expected to foster the growth of the animal husbandry industry and subsequently promote the consumption of L-Carnitine in animal nutrition during the forecast period.
Process Insights
Based on process, the L-carnitine market has been segmented into chemical synthesis and bio-process. The market for bio-process is expected to grow at a higher CAGR during the forecast period. Bioprocess is a method employed in the production of L-Carnitine owing to its highest yield and the environmental benefits that it offers. An upsurge in demand for commercial product compels manufacturers to improve their production process to increase the yield. Biological processes making use of microorganisms and enzymes are inherently asymmetric processes. The most commonly used bioprocess that generates highest yield is based on the biotransformation of achiral precursors like 3- dehydrocarnitine, crotonobetaine and y-butyrobetaine or racemic mixtures such as D, L-carnitine, D, L-acyl carnitine and D, L –carnitinamide. Both, D-carnitine and crotonobetaine can be used as a biotransformation substrate for the production of l-carnitine. Increased productivity of L-Carnitine is also achieved by using a genetically modified strain overproducing the multifunctional protein CaiD that forms a part of both carnitine dehydrate (CDH) and carnitine racemase (CRac) activities. However, compared to the classical chemical method of racemate synthesis involving resolution of the enantiomers, the use of fed-batch cultivation of rhizobium like a strain for the enantioselective production of the racemate, involves 50% less of total organic waste, 25% less of water and 90% less water for incineration.
Product Insights
Based on product, the L-carnitine market has been bifurcated into food, pharmaceutical grade, and feed grade. The pharmaceutical grade segment is expected to register the fastest growth rate during the forecast period. The pharmaceutical grade of L-Carnitine is used for human consumption in various applications like post –exercise recovery, weight management, male fertility, infant nutrition and healthy aging. NutraBio L-Carnitine is a pharmaceutical-grade amino acid that is tested for potency in the HPLC lab and is guaranteed to be free from any kind of harmful impurities. Dymatize Nutrition L-Carnitine Xtreme contains 100% pure pharmaceutical L-Carnitine. The L-Carnitine is similar to the nonessential amino acid carnitine and also helps in supporting muscle growth and development. It also helps in fat burning, improving resistance to muscle fatigue, and also helps in losing weight without feeling weak. Preliminary research has conveyed that supplementation with L-Carnitine both intravenously and orally may slow down the death of lymphocytes, thereby decreasing the rate of HIV progression in an HIV infected individual. Besides this, L-Carnitine in pharmaceutical-grade also helps in the treatment of various other diseases like cancer, type 2 diabetes, and AIDS..
Application Insights
Based on application, the L-carnitine market has been segmented into animal feed, healthcare products, functional drinks, and medicines. The functional drinks segment is expected to register the fastest growth rate during the forecast period. Bioprocess is a method employed in the production of L-Carnitine owing to its highest yield and the environmental benefits that it offers. An upsurge in demand for commercial product compels manufacturers to improve their production process to increase the yield. Biological processes making use of microorganisms and enzymes are inherently asymmetric processes. The most commonly used bioprocess that generates highest yield is based on the biotransformation of achiral precursors like 3- dehydrocarnitine, crotonobetaine and y-butyrobetaine or racemic mixtures such as D, L-carnitine, D, L-acyl carnitine and D, L –carnitinamide. Both, D-carnitine and crotonobetaine can be used as a biotransformation substrate for the production of l-carnitine. Increased productivity of L-Carnitine is also achieved by using a genetically modified strain overproducing the multifunctional protein CaiD that forms a part of both carnitine dehydrate (CDH) and carnitine racemase (CRac) activities. However, compared to the classical chemical method of racemate synthesis involving resolution of the enantiomers, the use of fed-batch cultivation of rhizobium like a strain for the enantioselective production of the racemate, involves 50% less of total organic waste, 25% less of water and 90% less water for incineration.
Mergers &acquisition and research &development are commonly adopted by companies to expand their footprint worldwide, which is further impacting the size of the market. The players present in the markethave been implementing the several strategies to enlarge the customer base and to gain significant market share across the world, which also permits the players to maintain their brand name globally.
The L-carnitine Market Report Scope
Report Spotlights
- Progressive industry trends in the global L-carnitine market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global L-carnitine market from 2017 to 2027
- Estimation of global L-carnitine demand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and global L-carnitine demand
- Market trends and outlook coupled with factors driving and restraining the growth of the global L-carnitine market
- Decision-making process by understanding strategies that underpin commercial interest with regard to global L-carnitine market growth
- Global L-carnitine market size at various nodes of market
- Detailed overview and segmentation of the global L-carnitine market, as well as its dynamics in the industry
- Global L-carnitine market size in various regions with promising growth opportunities
By Process
- Chemical Synthesis
- Bio-process
By Product
- Food
- Pharmaceutical Grade
- Feed Grade
By Application
- Animal Feed
- Healthcare Products
- Functional Drinks
- Medicines
Company Profiles
- ChengDaPharmaCeuticals Co., Ltd
- Maxsun Industries Incorporated
- ALPSURE LIFESCIENCES PVT. LTD
- HuangGangHuaYang Pharmaceutical Co., Ltd
- Kaiyuan Hengtai Nutrition Co., Ltd
- Lonza Group Ltd
- Northeast Pharmaceutical Group Co., Ltd
- Cayman Chemical
- MERCK KGaA
- Biosint S.p.A.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Process ; Product ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global L-Carnitine market, includes Alpsure Lifesciences Pvt. Ltd, Biosint S.p.A., Cayman Chemical, Cheng Da PharmaCeuticals Co., Ltd, Huang Gang Hua Yang Pharmaceutical Co., Ltd, Kaiyuan Hengtai Nutrition Co., Ltd., Lonza Group Ltd, Maxsun Industries Incorporated, Merck KGaA, and Northeast Pharmaceutical Group Co., Ltd, and among many others.
The L-Carnitine market was led by the North America region at a global level. The demand for L-Carnitine is expected to increase in the region with the rising demand from the pharmaceuticals & dietary supplements application as it is known to increase endurance and reduce fatigue. Moreover, daily consumption of L-Carnitine minimizes the risk of death from cardiovascular disorders. Therefore, raising awareness about the health benefits offered by L-Carnitine is boosting the market growth in the North America region.
The bioprocess segment is expected to grow at a faster pace over the forecast period. Bioprocess is a method employed in the production of L-Carnitine owing to its highest yield and the environmental benefits that it offers. An upsurge in demand for commercial product compels manufacturers to improve their production process to increase the yield.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1.1 Data Collection:
3.1.2 Primary Interviews:
3.1.3 Hypothesis formulation:
3.1.4 Macro-economic factor analysis:
3.1.5 Developing base number:
3.1.6 Data Triangulation:
3.1.7 Country level data:
4. L-Carnitine Market Landscape
4.1 Market Overview
4.2 .PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. L-Carnitine Market –Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for L-Carnitine Supplements to Enable Efficient Conversion of Food into Energy
5.1.2 Rising Demand for Personalized Nutrition, Heart Health, and Athletic Performance
5.2 Market Restraints
5.2.1 Adverse Effects of L-Carnitine
5.3 Market Opportunities
5.3.1 Burgeoning consumption of L-Carnitine Across North America
5.4 Future Trends
5.4.1 Growing Demand for L-Carnitine as Additive in Animal Feed
5.5 Impact Analysis of Drivers And Restraints
6. L-Carnitine– Global Market Analysis
6.1 L-Carnitine Market Overview
6.2 L-Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
6.3 Market Positioning – Global Market Players
7. Global L - Carnitine Market Analysis – By Product
7.1 Overview
7.2 Global L-Carnitine Market Breakdown, By Product, 2018 & 2027
7.3 Food
7.3.1 Overview
7.3.2 Global L-Carnitine Market in Food Segment: Revenue and Forecasts to 2027 (US$ Mn)
7.4 Pharmaceutical Grade
7.4.1 Overview
7.4.2 Global L-Carnitine Market in Pharmaceutical Grade Segment: Revenue and Forecasts to 2027 (US$ Mn)
7.5 Feed Grade
7.5.1 Overview
7.5.2 Global L-Carnitine Market in Feed Grade Segment: Revenue Forecasts to 2027 (US$ Mn)
8. Global L-Carnitine Market Analysis – By Application
8.1 Overview
8.2 Global L-Carnitine Market Breakdown, By Application, 2018 & 2027
8.3 Animal Feed
8.3.1 Overview
8.3.2 Global L-Carnitine Market in Animal Feed Segment: Revenue and Forecasts to 2027 (US$ Mn)
8.4 Healthcare Products
8.4.1 Overview
8.4.2 Global L-Carnitine Market in Healthcare Products Segment: Revenue and Forecasts to 2027 (US$ Mn)
8.5 Functional Drinks
8.5.1 Overview
8.5.2 Global L-Carnitine Market in Functional Drinks Segment: Revenue and Forecast to 2027 (US$ Mn)
8.6 Medicines
8.6.1 Overview
8.6.2 Global L-Carnitine Market in Medicines Segment: Revenue and Forecast to 2027 (US$ Mn)
9. Carnitine Market Analysis – By Process
9.1 Overview
9.2 L-Carnitine Market, by Process, (2018 & 2027)
9.3 Chemical Synthesis
9.3.1 Overview
9.3.2 Global L-Carnitine Market in Chemical Synthesis Segment: Revenue and Forecast to 2027 (US$ Mn)
9.4 Bioprocess
9.4.1 Overview
9.4.2 Global L-Carnitine Market in Bioprocess Segment: Revenue and Forecast to 2027 (US$ Mn)
10. L Carnitine Market – Geographic Analysis
10.1 Overview
10.2 North America: L CarnitineMarket
10.2.1 North America: L Carnitine Market –Revenue and Forecast to 2027(US$ Mn)
10.2.2 North America: L-Carnitine Market, by Process
10.2.3 North America: L Carnitine Market, by Product
10.2.4 North America: L Carnitine Market, by Application
10.2.5 North America:L Carnitine Market, by Key Country
10.2.5.1 US: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.1.1 US: L CarnitineMarket, by Process
10.2.5.1.2 US: L CarnitineMarket, by Product
10.2.5.1.3 US: L CarnitineMarket, by Application
10.2.5.2 Canada: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.2.1 Canada: L CarnitineMarket, by Process
10.2.5.2.2 Canada: L CarnitineMarket, by Product
10.2.5.2.3 Canada: L CarnitineMarket, by Application
10.2.5.3 Mexico: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.3.1 Mexico: L CarnitineMarket, by Process
10.2.5.3.2 Mexico: L Carnitine Market, by Product
10.2.5.3.3 Mexico: L CarnitineMarket, by Application
10.3 Europe: L Carnitine Market
10.3.1 Europe:L CarnitineMarket –Revenue and Forecast to 2027(US$ Mn)
10.3.2 Europe:L CarnitineMarket,byProcess
10.3.3 Europe: L CarnitineMarket, by Product
10.3.4 Europe: L CarnitineMarket, by Application
10.3.5 Europe:L Carnitine Market, by Key Country
10.3.5.1 Germany: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.1.1 Germany: L CarnitineMarket, by Process
10.3.5.1.2 Germany: L CarnitineMarket, by Product
10.3.5.1.3 Germany: L CarnitineMarket, by Application
10.3.5.2 France: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.2.1 France: L CarnitineMarket, by Process
10.3.5.2.2 France: L CarnitineMarket, by Product
10.3.5.2.3 France: L CarnitineMarket, by Application
10.3.5.3 UK: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.3.1 UK: L CarnitineMarket, by Process
10.3.5.3.2 UK: L Carnitine Market, by Product
10.3.5.3.3 UK: L Carnitine Market, by Application
10.3.5.4 Spain: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.4.1 Spain: L CarnitineMarket, by Process
10.3.5.4.2 Spain: L CarnitineMarket, by Product
10.3.5.4.3 Spain: L CarnitineMarket, by Application
10.3.5.5 Italy: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.5.1 Italy: L Carnitine Market, by Process
10.3.5.5.2 Italy: L Carnitine Market, by Product
10.3.5.5.3 Italy: L Carnitine Market, by Application
10.3.5.6 Rest of Europe: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.6.1 Rest of Europe: L CarnitineMarket, by Process
10.3.5.6.2 Rest of Europe: L CarnitineMarket, by Product
10.4 Asia Pacific: L CarnitineMarket
10.4.1 Asia Pacific: L CarnitineMarket –Revenue and Forecast to 2027(US$ Mn)
10.4.2 Asia Pacific: L CarnitineMarket, by Process
10.4.3 Asia Pacific: L CarnitineMarket, by Product
10.4.4 Asia Pacific: L CarnitineMarket, by Application
10.4.5 Asia Pacific: L Carnitine Market, by Key Country
10.4.5.1 China: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.1.1 China: L CarnitineMarket, by Process
10.4.5.1.2 China: L CarnitineMarket, by Product
10.4.5.1.3 China: L CarnitineMarket, by Application
10.4.5.2 Australia: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.2.1 Australia: L CarnitineMarket, by Process
10.4.5.2.2 Australia: L CarnitineMarket, by Product
10.4.5.2.3 Australia: L CarnitineMarket, by Application
10.4.5.3 Japan: L CarnitineMarket –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.3.1 Japan: L CarnitineMarket, by Process
10.4.5.3.2 Japan: L CarnitineMarket, by Product
10.4.5.3.3 Japan: L CarnitineMarket, by Application
10.4.5.4 India: L CarnitineMarket –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.4.1 India: L CarnitineMarket, by Process
10.4.5.4.2 India: L CarnitineMarket, by Product
10.4.5.4.3 India: L CarnitineMarket, by Application
10.4.5.5 South Korea: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.5.1 South Korea: L Carnitine Market, by Process
10.4.5.5.2 South Korea: L Carnitine Market, by Product
10.4.5.5.3 South Korea: L Carnitine Market, by Application
10.4.5.6 Rest of Asia Pacific: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.6.1 Rest of Asia Pacific: L CarnitineMarket, by Process
10.4.5.6.2 Rest of Asia Pacific: L CarnitineMarket, by Product
10.5 MEA: L-Carnitine Market
10.5.1 MEA: L Carnitine Market –Revenue and Forecast to 2027(US$ Mn)
10.5.2 MEA: L Carnitine Market, by Process
10.5.3 MEA: L Carnitine Market, by Product
10.5.4 MEA: L Carnitine Market, by Application
10.5.5 MEA: L Carnitine Market, by Key Country
10.5.5.1 South Africa: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.1.1 South Africa: L Carnitine Market, by Process
10.5.5.1.2 South Africa: L CarnitineMarket, by Product
10.5.5.1.3 South Africa: L CarnitineMarket, by Application
10.5.5.2 Saudi Arabia: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.2.1 Saudi Arabia: L Carnitine Market, by Process
10.5.5.2.2 Saudi Arabia: L Carnitine Market, by Product
10.5.5.2.3 Saudi Arabia: L Carnitine Market, by Application
10.5.5.3 UAE: L-Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.3.1 UAE: L Carnitine Market, by Process
10.5.5.3.2 UAE: L Carnitine Market, by Product
10.5.5.3.3 UAE: L Carnitine Market, by Application
10.5.5.4 Rest of MEA: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.4.1 Rest of MEA: L Carnitine Market, by Process
10.5.5.4.2 Rest of MEA: L Carnitine Market, by Product
10.5.5.4.3 Rest of MEA: L CarnitineMarket, by Application
10.6 South America: L Carnitine Market
10.6.1 South America: L Carnitine Market –Revenue and Forecast to 2027(US$ Mn)
10.6.2 South America: L Carnitine Market, by Process
10.6.3 South America: L Carnitine Market, by Product
10.6.4 South America: L Carnitine Market, by Application
10.6.5 South America: L Carnitine Market, by Key Country
10.6.5.1 Brazil: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.6.5.1.1 Brazil: L Carnitine Market, by Process
10.6.5.1.2 Brazil: L Carnitine Market, by Fiber Type
10.6.5.1.3 Brazil: L Carnitine Market, by Application
10.6.5.2 Argentina: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.6.5.2.1 Argentina: L Carnitine Market, by Process
10.6.5.2.2 Argentina: L Carnitine Market, by Product
10.6.5.2.3 Argentina: L Carnitine Market, by Application
10.6.5.3 Rest of South America: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
10.6.5.3.1 Rest of South America: L Carnitine Market, by Process
10.6.5.3.2 Rest of South America: L Carnitine Market, by Product
10.6.5.3.3 Rest of South America: L Carnitine Market, by Application
11. Overview- Impact of Coronavirus outbreak
12. Impact of COVID-19 Pandemic on Global L Carnitine Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
12.2 Europe: Impact assessment of COVID-19 Pandemic
12.3 Asia-Pacific: Impact assessment of COVID-19 Pandemic
12.4 Middle East and Africa: Impact assessment of COVID-19 Pandemic
12.5 South America: Impact assessment of COVID-19 Pandemic
13. Company Profiles
13.1 ChengDa PharmaCeuticals Co.,Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 Maxsun Industries Incorporated
13.2.1 Key Facts
13.2.2 Business Description
13.2.2.1 Products and Services
13.2.3 Financial Overview
13.2.4 SWOT Analysis
13.3 ALPSURE LIFESCIENCES PVT. LTD.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products And Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.4 HuangGang HuaYang Pharmaceutical Co.,Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.5 Kaiyuan Hengtai Nutrition Co., Ltd.
13.5.1 Key Facts
13.5.2 Business Description
13.5.2.1 Products and Services
13.5.3 Financial Overview
13.5.4 SWOT Analysis
13.6 Lonza Group Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.2.1 Products and Services
13.6.3 Financial Overview
13.6.4 SWOT Analysis
13.6.5 Key Developments
13.7 Northeast Pharmaceutical Group Co.,Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.2.1 Products and Services
13.7.3 Financial Overview
13.7.4 SWOT Analysis
13.8 Cayman Chemical
13.8.1 Key Facts
13.8.2 Business Description
13.8.2.1 Products and Services
13.8.3 Financial Overview
13.8.4 SWOT Analysis
13.9 MERCK KGaA
13.9.1 Key Facts
13.9.2 Business Description
13.9.2.1 Products and Services
13.9.3 Financial Overview
13.9.4 SWOT Analysis
13.9.5 Key Developments
13.10 Biosint S.p.A.
13.10.1 Key Facts
13.10.2 Business Description
13.10.2.1 Products and Services
13.10.3 Financial Overview
13.10.4 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. L-Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. North America L Carnitine Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 3. North America L Carnitine Market, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 4. North America L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 5. US L CarnitineMarket, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 6. US L CarnitineMarket, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 7. US L CarnitineMarket, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 8. Canada L CarnitineMarket, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 9. Canada L Carnitine Market, by Product – Revenue and Forecast to 2027 (USD Mn)
Table 10. Canada L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 11. MexicoL CarnitineMarket, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 12. MexicoL Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 13. Mexico L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 14. EuropeL CarnitineMarket, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 15. EuropeL CarnitineMarket, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 16. Europe L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 17. GermanyL Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 18. GermanyL CarnitineMarket, by Fiber Type – Revenue and Forecast to 2027 (USD Mn)
Table 19. Germany L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 20. FranceL Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 21. FranceL Carnitine Market, by Product – Revenue and Forecast to 2027 (USD Mn)
Table 22. France L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 23. UKL Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 24. UKL Carnitine Market, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 25. UK L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 26. SpainL Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 27. SpainL Carnitine Market, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 28. SpainL Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 29. Italy L Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 30. Italy L Carnitine Market, by Product – Revenue and Forecast to 2027 (USD Mn)
Table 31. Italy L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 32. Rest of EuropeL CarnitineMarket, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 33. Rest of EuropeL CarnitineMarket, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 34. Rest of Europe L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 35. Asia Pacific L Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 36. Asia Pacific L CarnitineMarket, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 37. Asia Pacific L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 38. China L CarnitineMarket, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 39. China L CarnitineMarket, by Fiber Type – Revenue and Forecast to 2027 (USD Mn)
Table 40. China L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 41. Australia L CarnitineMarket, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 42. Australia L CarnitineMarket, by Fiber Type – Revenue and Forecast to 2027 (USD Mn)
Table 43. Australia L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 44. Japan L CarnitineMarket, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 45. Japan L CarnitineMarket, by Product – Revenue and Forecast to 2027 (USD Mn)
Table 46. Japan L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 47. India L CarnitineMarket, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 48. India L CarnitineMarket, by Product – Revenue and Forecast to 2027 (USD Mn)
Table 49. India L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 50. South Korea L Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 51. South Korea L Carnitine Market, by Product – Revenue and Forecast to 2027 (USD Mn)
Table 52. South Korea L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 53. Rest of Asia Pacific L CarnitineMarket, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 54. Rest of Asia Pacific L CarnitineMarket, by Product – Revenue and Forecast to 2027 (USD Mn)
Table 55. Rest of Asia Pacific L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 56. MEA L Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 57. MEA L Carnitine Market, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 58. MEA L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 59. South Africa L Carnitine Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 60. South Africa L CarnitineMarket, by Fiber Type – Revenue and Forecast to 2027 (USD Mn)
Table 61. South Africa L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 62. Saudi Arabia L Carnitine Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 63. Saudi Arabia L Carnitine Market, by Fiber Type – Revenue and Forecast to 2027 (USD Mn)
Table 64. Saudi Arabia L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 65. UAE L Carnitine Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 66. UAE L Carnitine Market, by Product – Revenue and Forecast to 2027 (USD Mn)
Table 67. UAE L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 68. Rest of MEA L Carnitine Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 69. Rest of MEA L Carnitine Market, by Product – Revenue and Forecast to 2027 (USD Mn)
Table 70. Rest of MEA L CarnitineMarket, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 71. South America L Carnitine Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 72. South America L-Carnitine Market, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 73. South America L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 74. Brazil L Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 75. Brazil L Carnitine Market, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 76. Brazil L Carnitine Market, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 77. Argentina L Carnitine Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 78. Argentina L Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 79. Argentina L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 80. Rest of South America L Carnitine Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 81. Rest of South America L Carnitine Market, by Product– Revenue and Forecast to 2027 (USD Mn)
Table 82. Rest of South America L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 83. Glossary of Terms, Global L-Carnitine Market
LIST OF FIGURES
Figure 1. L-Carnitine Market Segmentation
Figure 2. L-Carnitine Market Segmentation – By Geography
Figure 3. Global L-Carnitine Market Overview
Figure 4. Food Segment Held Largest Share of Global L-Carnitine Market
Figure 5. North America Region Held Largest Share of Global L-Carnitine Market
Figure 6. Global L-Carnitine Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Expert Opinion
Figure 13. L-Carnitine Market Impact Analysis of Drivers And Restraints
Figure 14. Geographic Overview of L-Carnitine Market
Figure 15. L-Carnitine Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 16. Global L-Carnitine Market Breakdown By Product, Value, 2018 & 2027 (%)
Figure 17. Global L-Carnitine Market in Food Segment: Revenue and Forecasts to 2027
Figure 18. Global L-Carnitine Market in Pharmaceutical Grade Segment: Revenue and Forecasts To 2027 (US$ Mn)
Figure 19. Global L-Carnitine Market in Feed Grade Segment: Revenue and Forecasts To 2027 (US$ Mn)
Figure 20. Global L-Carnitine Market Breakdown By Application, Value, 2018 & 2027 (%)
Figure 21. Global L-Carnitine Market in Animal Feed Segment: Revenue and Forecasts To 2027 (US$ Mn)
Figure 22. Global L-Carnitine Market in Healthcare Products Segment: Revenue and Forecasts To 2027 (US$ Mn)
Figure 23. Global L-Carnitine Market in Functional Drinks Segment: Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Global L-Carnitine Market in Medicines Segment: Revenue and Forecast to 2027 (US$ Mn)
Figure 25. L-Carnitine Breakdown, by Process, 2018 & 2027 (%)
Figure 26. Global L-Carnitine Market in Chemical Synthesis Segment: Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Global L-Carnitine Market in Bioprocess Segment: Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Global L Carnitine Market Revenue Share, by Region (2018 and 2027)
Figure 29. North America: L Carnitine Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 30. North America: L Carnitine Market Revenue Share, by Process(2018 and 2027)
Figure 31. North America: L Carnitine Market Revenue Share, by Product(2018 and 2027)
Figure 32. North America: L Carnitine Market Revenue Share, by Application (2018 and 2027)
Figure 33. North America: L Carnitine Market Revenue Share, by Key Country (2018 and 2027)
Figure 34. US: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 35. Canada: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 36. Mexico: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 37. Europe: L Carnitine Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 38. Europe: L Carnitine Market Revenue Share, by Process (2018 and 2027)
Figure 39. Europe: L Carnitine Market Revenue Share, by Product (2018 and 2027)
Figure 40. Europe: L Carnitine Market Revenue Share, by Application (2018 and 2027)
Figure 41. Europe: L Carnitine Market Revenue Share, by Key Country (2018 and 2027)
Figure 42. Germany: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 43. France: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 44. UK: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 45. Spain: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 46. Italy: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 47. Rest of Europe: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 48. Asia Pacific: L Carnitine Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 49. Asia Pacific: L Carnitine Market Revenue Share, by Process (2018 and 2027)
Figure 50. Asia Pacific: L Carnitine Market Revenue Share, by Product (2018 and 2027)
Figure 51. Asia Pacific: L Carnitine Market Revenue Share, by Application (2018 and 2027)
Figure 52. Asia Pacific: L Carnitine Market Revenue Share, by Key Country (2018 and 2027)
Figure 53. China: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 54. Australia: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 55. Japan: L CarnitineMarket –Revenue and Forecast to 2027 (US$ Mn)
Figure 56. India: L CarnitineMarket –Revenue and Forecast to 2027 (US$ Mn)
Figure 57. South Korea: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 58. Rest of Asia Pacific: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 59. MEA: L Carnitine Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 60. MEA: L Carnitine Market Revenue Share, by Process (2018 and 2027)
Figure 61. MEA: L Carnitine Market Revenue Share, by Product (2018 and 2027)
Figure 62. MEA: L Carnitine Market Revenue Share, by Application (2018 and 2027)
Figure 63. MEA: L Carnitine Market Revenue Share, by Key Country (2018 and 2027)
Figure 64. South Africa: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 65. Saudi Arabia: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 66. UAE: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 67. Rest of MEA: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 68. South America: L Carnitine Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 69. South America: L Carnitine Market Revenue Share, by Process (2018 and 2027)
Figure 70. South America: L Carnitine Market Revenue Share, by Product (2018 and 2027)
Figure 71. South America: L Carnitine Market Revenue Share, by Application (2018 and 2027)
Figure 72. South America: L Carnitine Market Revenue Share, by Key Country (2018 and 2027)
Figure 73. Brazil: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 74. Argentina: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 75. Rest of South America: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 76. IMPACT OF COVID-19 PANDEMIC IN NORTH AMERICAN COUNTRY MARKETS
Figure 77. IMPACT OF COVID-19 PANDEMIC IN EUROPE COUNTRY MARKETS
Figure 78. IMPACT OF COVID-19 PANDEMIC IN ASIA PACIFIC COUNTRY MARKETS
Figure 79. IMPACT OF COVID-19 PANDEMIC IN MIDDLE EAST AND AFRICA COUNTRY MARKETS
Figure 80. IMPACT OF COVID-19 PANDEMIC IN SOUTH AMERICA COUNTRY MARKETS
The List of Companies - L-Carnitine Market
- Alpsure Life Sciences Pvt. Ltd.
- Biosint S.p.A
- Cayman Chemical
- ChengDa PharmaCeuticals Co., Ltd.
- HuangGang HuaYang Pharmaceutical Co., Ltd.
- Kaiyuan Hengtai Nutrition Co., Ltd.
- Lonza Group Ltd.
- Maxsun Industries Incorporated
- MERCK KGaA
- Northeast Pharmaceutical Group Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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