Global L-carnitine Market

L-carnitine Market Size, Share, Growth Analysis, By Process(Bioprocess, Chemical Synthesis), By Product(Food & Pharmaceutical Grade, Feed Grade) - Industry Forecast 2024-2031


Report ID: SQSG15E2025 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 61 | Figures: 75

L-carnitine Market Insights

L-carnitine Market size was valued at USD 193.9 million in 2019 and is poised to grow from USD 203.4 million in 2023 to USD 312.85 million by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

L- Carnitine is an amino acid found in all human cells that carry fatty acids to mitochondria, assisting in energy synthesis. It acts as the engine inside the body, burning fat and converting it into useful energy. To create L-carnitine, the human body requires a lot of vitamin C. It is also a vitamin and dietary supplement. Consuming meat and fish can result in the production of L-Carnitine. L-Carnitine has been shown to improve post-exercise recovery.

The market is likely to be driven by growing knowledge of product benefits such as improved muscle regeneration, reduced muscular pain, and muscle gain, resulting in increased product demand for various application industries, which is predicted to drive market growth. The market is predicted to be driven by the rising use of L-carnitine supplementation for post-workout recovery, weight loss activity, and healthy aging over the analysis period.

The United States is the world's third-largest biopharmaceutical market and a world leader in biopharmaceutical research and development. The growth of the pharmaceutical and biopharmaceutical sectors in the United States is predicted to increase the use of L-carnitine in medicines to regulate the occurrence of diabetes, thyroid, blood pressure, and coronary heart disease.

US L-carnitine Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 193.9 million

Largest Segment

bioprocess

Fastest Growth

bioprocess

Growth Rate

4.9% CAGR

Global L-carnitine Market 2022-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
Global L-carnitine Market Size by Process, 2022-2028 ($ Mn)
Global L-carnitine Market Size by Process, 2022-2028 (%)

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L-carnitine Market Segmental Analysis

The global L-carnitine market is segmented based on process, product, and region. Based on process, the market is segmented into bioprocess and chemical synthesis. Based on product, the market is segmented into food & pharmaceuticals and feed grade. Based on region, the global L-carnitine market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

L-carnitine Market Analysis by Process

In 2021, the bioprocess segment dominated the L-carnitine market and accounted for more than 75% of the total market share and is expected to same through the analysis period. The increasing commercial demand for L-carnitine has prompted producers to upgrade their procedures to increase manufacturing yield. Biological processes that use microbes and enzymes are inherently asymmetric and have high output yields and will drive the demand for the L-carnitine market.

However, because of its capacity to generate L-carnitine on an industrial scale, the chemical synthesis approach is gradually gaining traction. For the production of L-carnitine, numerous chemical approaches are accessible, including asymmetric synthesis, chemical multi-step racemization, enzymatic techniques, and resolution via diastereomeric derivatives. Many of these processes, however, are impractical for industrial-scale production because they involve several time-consuming phases.

L-carnitine Market Analysis by Products

The L-carnitine market is segmented into food & pharmaceuticals and feed grade based on the products. The food & pharmaceuticals grade segment dominated the global L-carnitine market with the largest market share more than 72% in the year 2021. L-carnitine is predominantly consumed by humans for a variety of purposes, including healthy aging, male fertility, baby nourishment, weight control, and post-exercise recovery, and is the major reason for Pharmaceutical and food grade dominance.

Feed quality L-carnitine is a common element in animal medicines and feed. It is a vital component for animal energy metabolism and provides numerous benefits to various species, including weight management and healthy heart and liver function. Feed grade is widely utilized in the livestock industry, pet food makers, and racing animal food companies. The ingredient is commonly used in dry feeds and treats for cats and dogs. It is also utilized as an antioxidant and to aid in the recuperation of muscle in trained military dogs.

Global L-carnitine Market By Process, 2021 (%), 2023 (%)

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L-carnitine Market Regional Insights

In 2021, in terms of revenue, North America accounted for more than 37% of the global L-carnitine market, with a dominating market share. The growing food and beverage industry and awareness of its benefits for health and fitness are the major factors for the L-carnitine market's growth in the region. L-carnitine supplements are also utilized in the treatment of obesity for weight management. Mexico and the United States have the world's most obese populations, which has led to a surge in the use of weight-loss supplements. This is projected to fuel the North American region’s demand for L-carnitine and is a major reason for the market's growth.

Global L-carnitine Market By Geography, 2022 - 2028, 2024-2031
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L-carnitine Market Dynamics

L-carnitine Market Driver

  • Growing knowledge of L-carnitine benefits such as improved muscle healing, reduced muscular soreness, and muscle gain, resulting in increased product demand for various application industries, which is likely to fuel market expansion. Over the projected period, the market is likely to be driven by the rising use of L-carnitine supplementation for post-exercise recovery, weight management, and healthy aging.
  • The rising prevalence of cardiovascular disease in Asian countries has prompted many consumers to seek out L-Carnitine supplements. Growing consumer spending on preventative healthcare items and an increase in the prevalence of chronic diseases have all boosted sales of L-Carnitine-based products. The increased popularity of L-Carnitine-based functional drinks and beverages marketed as endurance enhancing has resulted in significant L-Carnitine usage in recent years.

L-carnitine Market Restraint

  • Increasing competition and entry of new players in the market-induced pricing pressure are some of the major restraining factors for the global L-carnitine market which is expected to slow the market growth during the analysis period.

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L-carnitine Market Competitive Landscape

The L-carnitine market is relatively fragmented, with a high level of competition. A few large players, like Lonza Group, Northeast Pharmaceutical Group Co., Ltd. (NEPG), and Tokyo Chemical Industry Co., Ltd., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.

L-carnitine Market Top Player’s Company Profiles

  • Lonza Group
  • Northeast Pharmaceutical Group Co., Ltd.
  • Merck KGaA
  • Acetyltech Pty Ltd.
  • Ajinomoto Co., Inc.
  • Sigma-Aldrich Co. LLC (a subsidiary of Merck KGaA)
  • Arkema Group
  • Huanggang HuaYang Pharmaceutical Co., Ltd.
  • Hangzhou Hyper Chemicals Limited
  • ChengDa PharmaCeuticals Co., Ltd.
  • Shanghai Fuxin Fine Chemical Co., Ltd.
  • Shenyang Koncepnutra Co., Ltd.
  • Shandong Mingxing Chemical Co., Ltd.
  • GNC Holdings, Inc.
  • GBT GmbH
  • Musashi Seimitsu Industry Co., Ltd.
  • Shenzhen Changhong Technology Co., Ltd.
  • Stepan Company
  • Tonghe Pharmaceutical Co., Ltd.
  • Nippon Meat Packers, Inc.

L-carnitine Market Recent Developments

  • In July 2022, Lonza, a global development and production partner to the pharmaceutical, biotechnology, and nutrition industries, announced today intentions to build a large-scale commercial medicinal product fill and finish plant in Stein (CH). The investment will allow the company to offer customers a comprehensive and integrated end-to-end solution, including commercial pharma product manufacture for large-scale market supply.
  • In May 2022, ALSA Ventures, a European biotech investment firm based in London, and Lonza, global development and manufacturing partner to the pharmaceutical, biotech, and nutrition industries, announced a framework collaboration agreement today to assist ALSA's portfolio of pre-clinical and early clinical biotech in developing and manufacturing biologics and small molecule drug candidates.

L-carnitine Key Market Trends

  • The industry has seen an increase in mergers, which is projected to continue during the forecast period. Increased mergers in the sector are expected to strengthen competitiveness among high-value firms. The industry is likely to see a rise in new market entrants, which will drive competitiveness.
  • The health-conscious public has been transitioning away from carbonated beverages and toward functional beverages, as evidenced by the recently increased introduction of functional beverages such as kombucha, relaxation beverages, and botanical ingredients-based beverages.

L-carnitine Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the rising prevalence of cardiovascular disease in Asian countries has prompted many consumers to seek out L-Carnitine supplements. Growing consumer spending on preventative healthcare items and an increase in the prevalence of chronic diseases have all boosted sales of L-Carnitine-based products. The increased popularity of L-Carnitine-based functional drinks and beverages marketed as endurance enhancing has resulted in significant L-Carnitine usage in recent years.

Report Metric Details
Market size value in 2023 USD 193.9 million
Market size value in 2031 USD 312.85 million
Growth Rate 4.9%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Process
    • Bioprocess, Chemical Synthesis
  • Product
    • Food & Pharmaceutical Grade, Feed Grade
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Lonza Group
  • Northeast Pharmaceutical Group Co., Ltd.
  • Merck KGaA
  • Acetyltech Pty Ltd.
  • Ajinomoto Co., Inc.
  • Sigma-Aldrich Co. LLC (a subsidiary of Merck KGaA)
  • Arkema Group
  • Huanggang HuaYang Pharmaceutical Co., Ltd.
  • Hangzhou Hyper Chemicals Limited
  • ChengDa PharmaCeuticals Co., Ltd.
  • Shanghai Fuxin Fine Chemical Co., Ltd.
  • Shenyang Koncepnutra Co., Ltd.
  • Shandong Mingxing Chemical Co., Ltd.
  • GNC Holdings, Inc.
  • GBT GmbH
  • Musashi Seimitsu Industry Co., Ltd.
  • Shenzhen Changhong Technology Co., Ltd.
  • Stepan Company
  • Tonghe Pharmaceutical Co., Ltd.
  • Nippon Meat Packers, Inc.
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  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on L-carnitine Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on L-carnitine Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the L-carnitine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the L-carnitine Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the L-carnitine Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the L-carnitine Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

L-carnitine Market size was valued at USD 193.9 million in 2019 and is poised to grow from USD 203.4 million in 2023 to USD 312.85 million by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

The L-carnitine market is relatively fragmented, with a high level of competition. A few large players, like Lonza Group, Northeast Pharmaceutical Group Co., Ltd. (NEPG), and Tokyo Chemical Industry Co., Ltd., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Lonza Group', 'Northeast Pharmaceutical Group Co., Ltd.', 'Merck KGaA', 'Acetyltech Pty Ltd.', 'Ajinomoto Co., Inc.', 'Sigma-Aldrich Co. LLC (a subsidiary of Merck KGaA)', 'Arkema Group', 'Huanggang HuaYang Pharmaceutical Co., Ltd.', 'Hangzhou Hyper Chemicals Limited', 'ChengDa PharmaCeuticals Co., Ltd.', 'Shanghai Fuxin Fine Chemical Co., Ltd.', 'Shenyang Koncepnutra Co., Ltd.', 'Shandong Mingxing Chemical Co., Ltd.', 'GNC Holdings, Inc.', 'GBT GmbH', 'Musashi Seimitsu Industry Co., Ltd.', 'Shenzhen Changhong Technology Co., Ltd.', 'Stepan Company', 'Tonghe Pharmaceutical Co., Ltd.', 'Nippon Meat Packers, Inc.'

Growing knowledge of L-carnitine benefits such as improved muscle healing, reduced muscular soreness, and muscle gain, resulting in increased product demand for various application industries, which is likely to fuel market expansion. Over the projected period, the market is likely to be driven by the rising use of L-carnitine supplementation for post-exercise recovery, weight management, and healthy aging.

The industry has seen an increase in mergers, which is projected to continue during the forecast period. Increased mergers in the sector are expected to strengthen competitiveness among high-value firms. The industry is likely to see a rise in new market entrants, which will drive competitiveness.

In 2021, in terms of revenue, North America accounted for more than 37% of the L-carnitine market, with a dominating market share. The growing food and beverage industry and awareness of its benefits for health and fitness are the major factors for the L-carnitine market's growth in the region. L-carnitine supplements are also utilized in the treatment of obesity for weight management. Mexico and the United States have the world's most obese populations, which has led to a surge in the use of weight-loss supplements. This is projected to fuel the North American region’s demand for L-carnitine and is a major reason for the market's growth.

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Global L-carnitine Market

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