L-carnitine is a white crystalline, hygroscopic (moisture-retaining) powder. It is an amino acid (a building block for proteins) that is naturally produced in the body, which plays a vital role in the metabolism of fat. It functions as a transporter of fatty acids into the mitochondria, the metabolic furnace of the cell.
This report contains market size and forecasts of L-carnitine in global, including the following market information:
Global L-carnitine Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global L-carnitine Market Sales, 2017-2022, 2023-2028, (MT)
Global top five L-carnitine companies in 2021 (%)
The global L-carnitine market was valued at 315.9 million in 2021 and is projected to reach US$ 360.7 million by 2028, at a CAGR of 1.9% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
L-Carnitine Food Grade Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of L-carnitine include Lonza Group, Northeast Pharmaceutical, Hengtai Chemical, Chengda Pharmaceutical, Koncepnutra, HuaYang, Biosint, Hongjing Chemical and KangXin Chemical, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the L-carnitine manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global L-carnitine Market, by Grade, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global L-carnitine Market Segment Percentages, by Grade, 2021 (%)
L-Carnitine Food Grade
L-Carnitine Feed Grade
L-Carnitine Pharmaceutical Grade
Global L-carnitine Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global L-carnitine Market Segment Percentages, by Application, 2021 (%)
Animal Food
Health Care Products
Functional Drinks
Medicine
Others
Global L-carnitine Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global L-carnitine Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies L-carnitine revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies L-carnitine revenues share in global market, 2021 (%)
Key companies L-carnitine sales in global market, 2017-2022 (Estimated), (MT)
Key companies L-carnitine sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Lonza Group
Northeast Pharmaceutical
Hengtai Chemical
Chengda Pharmaceutical
Koncepnutra
HuaYang
Biosint
Hongjing Chemical
KangXin Chemical
Kangjian Chemical
AIDP