L-Carnitine Market Trend Analysis On The Basis Of Process, Product, Application, And Region

 L-carnitine Industry Overview

The global L-carnitine market size is expected to reach USD 276.0 million by 2028, expanding at a CAGR of 5.1%, as per a new report by Grand View Research Inc. Growing consumer awareness regarding product benefits, along with increasing demand from end-use industries such as pharmaceutical, nutraceutical, and animal feed, is projected to drive the market over the forecast period.

L-carnitine and its derivatives are used for numerous applications including male infertility, kidney treatment, cardiovascular diseases, weight reduction, and bone mass. It is also used in various products including animal feed, health supplements, functional drinks, medicines, and other nutraceutical products.

Manufacturers are focused on R&D activities to reduce the complexity in manufacturing techniques as well as product differentiation. Major manufacturers like Lonza, Ajinomoto, Sigma Tau Group, and Seikatsu have patented their manufacturing processes. Production of L-carnitine by chemical synthesis is executed on an industrial scale. However, manufacturers prefer bioprocess for the production, as the process generates higher yield and lesser waste as compared to chemical synthesis.

Companies engaged in the production and export of L-carnitine follow stringent standards such as current goods manufacturing procedure (CGMP), sanitary standard operation procedure (SSOP), and ISO standards. Companies offering food-grade products are required to obtain kosher and halal certifications.

In 2018, North America emerged as the largest regional market. The growth in this region can be attributed to increasing research and development activities in pharmaceutical and nutraceutical industries. Furthermore, increasing demand for pet supplements and animal feed formulations is expected to drive industry growth over the forecast period.


L-carnitine Market Segmentation

Grand View Research has segmented the global L-Carnitine market on the basis of process, product, application, and region:

Based on the Process Insights, the market is segmented into Chemical Synthesis, and Bioprocess.

  • Rising commercial demand for L-carnitine has compelled the manufacturers to improve their processes to upsurge production yield. Biological processes using microorganisms and enzymes are essentially asymmetric processes and have been offering high production yields.

 

  • The chemical synthesis process is slowly gaining momentum owing to its ability to produce L-carnitine on an industrial scale. There are several chemical procedures available for the synthesis of L-carnitine namely asymmetric synthesis, chemical multi-step racemization, enzymatic techniques, resolution through diastereomeric derivatives, and synthesis using chiral materials. However, many of these procedures are not feasible for industrial-scale production as they involve numerous time-consuming steps.

 

Based on the Product Insights, the market is segmented into Food & Pharma Grade, and Feed Grade.

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

  • Feed grade L-carnitine is widely used as a key ingredient in animal pharmaceuticals and animal feed. It is an essential component for the energy metabolism of animals and offers a wide range of benefits to various species, including weight management and healthy function of the heart and liver.

 

Based on the Application Insights, the market is segmented into Animal Feed, Healthcare Products, Functional Food & Beverages, and Medicines.

  • The healthcare products dominated the market and accounted for the largest revenue share of more than 34.0% in 2020. L-carnitine is widely used in numerous healthcare products including supplements for weight loss and enhanced stamina.

  • Supplementation of L-carnitine in the diet of animals significantly improves their body weight gain, feed intake, and feed conversion in broiler chicken. Supplementation of L-carnitine in feed improves energy utilization and fatty acid and therefore, live weight gain and feed conversion efficiency may be improved in poultry.

 

L-carnitine Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Order a free sample PDF of the L-carnitine Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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