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Market Analysis and Insights: Global L-carnitine Market
L-carnitine is a white crystalline, hygroscopic (moisture-retaining) powder. It is an amino acid (a building block for proteins) that is naturally produced in the body, which plays a vital role in the metabolism of fat. It functions as a transporter of fatty acids into the mitochondria, the metabolic furnace of the cell.
Due to the COVID-19 pandemic, the global L-carnitine market size is estimated to be worth US$ 307 million in 2022 and is forecast to a readjusted size of US$ 353.2 million by 2029 with a CAGR of 2.0% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, L-Carnitine Food Grade accounting for % of the L-carnitine global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Animal Food segment is altered to an % CAGR throughout this forecast period.
Currently, some companies in the world can produce L-carnitine product, mainly concentrating in China. The main market players are Lonza Group, Northeast Pharmaceutical, Hengtai Chemical, Chengda Pharmaceutical, etc. The production of L-carnitine with an average growth rate of 4.46%. Global L-carnitine capacity utilization rate remained at around 70%.
Global L-carnitine Scope and Market Size
The global L-carnitine market is segmented by company, region (country), grade and application. Players, stakeholders, and other participants in the global L-carnitine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), grade and application for the period 2018-2029.
Segment by Grade
L-Carnitine Food Grade
L-Carnitine Feed Grade
L-Carnitine Pharmaceutical Grade
Segment by Application
Animal Food
Health Care Products
Functional Drinks
Medicine
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Lonza Group
Northeast Pharmaceutical
Hengtai Chemical
Chengda Pharmaceutical
Koncepnutra
HuaYang
Biosint
Hongjing Chemical
KangXin Chemical
Kangjian Chemical
AIDP
L-carnitine is a white crystalline, hygroscopic (moisture-retaining) powder. It is an amino acid (a building block for proteins) that is naturally produced in the body, which plays a vital role in the metabolism of fat. It functions as a transporter of fatty acids into the mitochondria, the metabolic furnace of the cell.
Due to the COVID-19 pandemic, the global L-carnitine market size is estimated to be worth US$ 307 million in 2022 and is forecast to a readjusted size of US$ 353.2 million by 2029 with a CAGR of 2.0% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, L-Carnitine Food Grade accounting for % of the L-carnitine global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Animal Food segment is altered to an % CAGR throughout this forecast period.
Currently, some companies in the world can produce L-carnitine product, mainly concentrating in China. The main market players are Lonza Group, Northeast Pharmaceutical, Hengtai Chemical, Chengda Pharmaceutical, etc. The production of L-carnitine with an average growth rate of 4.46%. Global L-carnitine capacity utilization rate remained at around 70%.
Global L-carnitine Scope and Market Size
The global L-carnitine market is segmented by company, region (country), grade and application. Players, stakeholders, and other participants in the global L-carnitine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), grade and application for the period 2018-2029.
Segment by Grade
L-Carnitine Food Grade
L-Carnitine Feed Grade
L-Carnitine Pharmaceutical Grade
Segment by Application
Animal Food
Health Care Products
Functional Drinks
Medicine
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Lonza Group
Northeast Pharmaceutical
Hengtai Chemical
Chengda Pharmaceutical
Koncepnutra
HuaYang
Biosint
Hongjing Chemical
KangXin Chemical
Kangjian Chemical
AIDP
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