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L-carnitine Market Size

  • Report ID: GMI6328
  • Published Date: Jul 2023
  • Report Format: PDF

L-carnitine Market Size

L-carnitine Market size was valued at USD 206 million in 2023 and is estimated to observe around 5% CAGR from 2024 to 2032. The surging consumer awareness about health and fitness worldwide will have favorable impact on the market growth. The growing burden of cardiovascular diseases worldwide has propelled the need to enhance cardiac functions and exercise tolerance among individuals, emphasizing the need for certain foods and supplements. According to the WHO, cardiovascular diseases (CVDs) account for an estimated 17.9 million deaths each year.

 

In addition to improving heart health, L-carnitine is increasingly incorporated in supplements to boost immunity as well as promote weight loss and fat metabolism. For instance, in March 2022, Pro Nutrition & Fitness introduced a new tablet-based supplement line, ‘Night Shred’, formulated with L-carnitine to raise energy levels. The growing incorporation of L-carnitine in sports nutrition products will also impact the market growth.

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of L-carnitine was reached USD 206 million in 2023 and is set to grow at over 5% CAGR from 2024 to 2032, due to the surging consumer awareness about health and fitness worldwide.

The feed-grade segment recorded 68% of the L-carnitine market share in 2022, owing to the surging need to strengthen the immune system, boost growth promotion and improve the antioxidant effects.

North America market size recorded USD 63.9 million in 2022 and is set to witness significant traction through 2032, attributed to the changing consumer preferences in the region.

Lonza, Cayman Chemical, Kaiyuan Hengtai Nutrition Co., Ltd., Tokyo Chemical Industry Co., Ltd, Biosint S.p.A., Northeast Medicines Group Co., Ltd. (NEPG), Merck KGaA, Ceva, Huanggang Huayang Medicines Co. Ltd., and Xinxiang Kangjian Chemical Co., Ltd. are some major L-carnitine producers.

L-carnitine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 189
  • Countries covered: 21
  • Pages: 150
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