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L-Carnitine Market to reach a market size of $219.2 Million by 2025

Press release   •   Feb 04, 2020 18:31 IST

Due to the growing consumer awareness of the benefits of L-carnitine supplementation, the industry is anticipated to experience substantial growth during the forecast period. The food and pharmaceutical grade segment recorded the highest market share in 2018 and in the years to come, is projected to witness significant growth. In addition, it is estimated that the increased use of L-carnitine and its animal feed derivatives will fuel market growth over the forecast period.

The Healthcare Product market dominated the Global L-Carnitine Market by Application in 2018, growing at a CAGR of 3.9 % during the forecast period. The Functional Drink market is experiencing a CAGR of 4% during (2019-2025).

The Chemical Synthesis market dominated the Global L-Carnitine Market by Process in 2018, growing at a CAGR of 4.2 % during the forecast period. The Bioprocess market is anticipated to witness a CAGR of 5.1% during (2019-2025).

The North America market dominated the Global L-Carnitine Market by Region in 2018. The Europe market is expected to witness a CAGR of 3.9% during (2019-2025). Additionally, The Asia Pacific market is poised to witness highest CAGR of 5.4% during (2019-2025).

Structural Insights: https://www.kbvresearch.com/l-carnitine-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Merck Group, Lonza Group AG, Northeast Pharmaceutical Group Co. Ltd., Cayman Chemical Company, Inc., Tokyo Chemical Industry Co. Ltd., Ceva Sante Animale S.A., Kaiyuan Hengtai Chemical Co., Ltd., ChengDa Pharmaceuticals Co., Ltd., HuangGang HuaYang Pharmaceutical Co., Ltd., and HuBei YuanCheng SaiChuang Technology Co. Ltd.

According to a new report Global L-Carnitine Market, published by KBV Research, The Global L-Carnitine Market size is expected to reach $219.2 Million by 2025, rising at a market growth of 4.56% CAGR during the forecast period.

Recent Strategies Deployed in L-Carnitine Market

» Partnerships, Collaborations and Agreements:

Feb-2019: Lonza Consumer Health & Nutrition collaborated with DuPont Nutrition & Health for manufacturing and supplying human milk oligosaccharide (HMO). The collaboration is based upon meeting the demand of infant nutrition sector; Lonza already provides a portfolio of health ingredients for infant nutrition such as Carnipure, a product inclusive of amino acid L-Carnitine.

» Product Launches and Product Expansions:

Oct-2019: Lonza launched new innovative MuscleGuard™ formulation, a unique patent pending ingredient combination comprising a clinically studied ratio of four nutrients such as Lonza’s Carnipure®L-Carnitine, Creatine and Leucine with vitamin D. The solution delivers positive results for recovery and sports performance through increases in muscle strength, activity, and mass.

Apr-2019: Merck introduced BioContinuum buffer delivery platform, a new building block in the BioContinuum Platform for next-generation bioprocessing. The platform offers contiGuous bioprocessing and it is an integrated solution for more efficient buffer delivery and it provides highest level of accuracy and precision in buffer preparation.

Nov-2018: Merck released BioContinuum™ Platform for the advancement of biotherapeutic drug manufacturing through simplified operations, improved efficiency, and greater quality & consistency.

» Acquisition and Mergers:

Jul-2019: Lonza took over sterile fill and finish facility from Novartis AG, based in Stein (CH). The acquisition helps Lonza Biotech and Pharma's present parental drug offerings based out of Basel (CH).

May-2019: Ceva signed an agreement to acquire IDT Biologika GmbH's veterinary biopharmaceutical portfolio. Under the acquisition, IDT will manufacture the human biotechnology vaccines and pharmaceuticals for international and national markets. The acquisition helps Ceva in strengthening its biological innovation and development.

Global L-Carnitine Market Segmentation

By Product

Food & Pharma Grade

Feed Grade

By Process

Chemical Synthesis

Bioprocess

By Application

Healthcare Product

Functional Drink

Medicine

Animal Food

By Geography

North America

US

Canada

Mexico

Rest of North America

Europe

Germany

UK

France

Russia

Spain

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific

LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled

Merck Group

Lonza Group AG

Northeast Pharmaceutical Group Co. Ltd.

Cayman Chemical Company, Inc.

Tokyo Chemical Industry Co. Ltd.

Ceva Sante Animale S.A.

Kaiyuan Hengtai Chemical Co., Ltd.

ChengDa Pharmaceuticals Co., Ltd.

HuangGang HuaYang Pharmaceutical Co., Ltd.

HuBei YuanCheng SaiChuang Technology Co. Ltd.

L-Carnitine Market Related Reports:

North America Market

Europe Market

Asia Pacific Market

LAMEA Market

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