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L-carnitine Market Trends

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

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L-carnitine Market Trends

The rapidly expanding aging population along with their intensifying focus on good health and well-being will accelerate the market demand. As per WHO, the population of people aged 60 years and older worldwide is expected to double, reaching 2.1 billion by 2050. L-carnitine provides potential benefits for older individuals as it supports muscle functions, energy production, heart health, and cognitive functions. Rising consumption of L-carnitine supplements to improve fatty acid utilization and mitochondrial function in older individuals will further accelerate the industry expansion.

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.