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Carnitine Supplements Market

Market Insights on Carnitine Supplements covering sales outlook, demand forecast & up-to-date key trends

Carnitine Supplements Market By Form (Powder, Liquid, Capsules), End Use (Sports Nutrition, Pharmaceuticals), Flavor (Blue-Raspberry, Pineapple, Tropical Mango, Cherry Popsicle, Berry), Distribution Channel (Pharmacies and Drug Stores, Health & Beauty Stores, Hypermarkets/Supermarkets) & Region - Forecast 2022-2032

Carnitine Supplements Market Overview

Global Carnitine Supplements demand is projected to be valued at US$ 205.7 Million in 2022, forecast to grow at a CAGR of 5.46% to be valued at US$ 350 Million from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 195.1 Million

Expected Market Value (2022)

US$ 205.7 Million

Anticipated Forecast Value (2032)

US$ 350 Million

Projected Growth Rate (2022-2032)

5.46% CAGR

Carnitine is an amino acid derivative and is generally used as a supplement. The main role of carnitine is to transport the fatty acids into the mitochondria and the fatty acid is further metabolized to produce energy. Carnitine supplements are used to increase the energy of the body and are also used as weight loss supplements.

Research has shown that carnitine can restore cellular function, helps to fight obesity and diabetes, and provides various other health benefits therefore is used as a supplement. Carnitine supplements are present in the form of powder, liquid, capsules, etc., and are offered in many flavors such as berry, watermelon, etc.

Which are Some Prominent Drivers Spearheading Carnitine Supplements Market Growth?

The worldwide prevalence of obesity and overweight population is increasing at an alarming rate. The increase in sedentary lifestyle, unhealthy eating habits, etc. are the major factors that cause several diseases and disorders. But in recent years, there has been an increase in health awareness among consumers and therefore the health and fitness trends are increasing all across the globe.

Consumers prefer the use of dietary supplements that provide various health benefits and are easy to consume. Carnitine supplements are a suitable choice as a dietary supplement as it helps to maintain blood sugar level, fights obesity, restores cellular function, etc.

The companies are trying to develop dietary supplements according to consumer requirements and therefore have developed carnitine supplements in various forms and flavors. The combination of flavor and high nutritive value might attract health-conscious consumers and therefore the carnitine supplement market might increase.

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What are the Challenges Faced by the Carnitine Supplements Industry?

The lack of awareness about the benefits of carnitine supplements and the presence of various other supplements might serve as a restraint for the carnitine supplement market. Carnitine is produced in the body and can be obtained from various sources such as animal meat, fish, milk, poultry, etc. therefore healthy consumers do not require carnitine supplements.

Carnitine deficiency occurs only when there is some genetic disorder or due to some diseased condition therefore the use of carnitine supplements might be restricted and thus might have a negative impact on the carnitine supplement market.

Why is Asia-Pacific Emerging as an Opportunistic Carnitine Supplements Market?

The demand for dietary supplements is expected to grow at an increasing rate in Asia. The dietary supplement market is well established in North America and therefore the manufacturers of dietary supplements might try to focus on the Asia Pacific region as there is a huge scope for growth. Educational marketing might enable an increase in the sales of carnitine supplements.

Nandini Roy Choudhury
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Why does North America Hold a Significant Share in the Carnitine Supplements Market?

More than 70% of American adults consume dietary supplements and the demand for the dietary supplement is expected to increase further. The carnitine supplements market is witnessing high growth, backed by the rising health-conscious consumer base, a swelling number of product launches consisting of L-carnitine, and snowballing demand from the animal feed industry.

In terms of biopharmaceutical research and development, The U.S. is considered the world leader and stands at the third spot across the globe and is among the world leader in terms of biopharmaceutical research and development. The development of pharmaceutical and biopharmaceutical industries in the U.S. is likely to boost the utilization of L-carnitine in medicines to control the occurrence of diabetes, thyroid, blood pressure, and coronary heart diseases.

Market Competition

Some of the key participants present in the global demand of Carnitine Supplements market include Sports Supplements Ltd, NOW Foods, 1 Up Nutrition, GNC Holdings, Inc., Glanbia Plc, ALLMAX Nutrition, Inc., Scorpion Supplements, Eat Me Supplements, Advanced Orthomolecular Research (AOR), etc., among others. 

  • In February 2022, the Sports nutrition business Applied Nutrition has recently launched a new L-Carnitine sports drink called Carni-Tone. This is the company’s first flavored spring water and first ready-to-drink product.
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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5.46% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2016-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Form
  • End Use
  • Distribution Channel
  • Form
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Peru
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Russia
  • Poland
  • China
  • India
  • ASEAN
  • South Korea
  • GCC
  • South Africa
  • Turkey
  • Iran
  • Israel

Key Companies Profiled

  • Sports Supplements Ltd
  • NOW Foods
  • 1 Up Nutrition
  • GNC Holdings, Inc.
  • Glanbia Plc.
  • ALLMAX Nutrition Inc.
  • Scorpion Supplements
  • Eat Me Supplements,
  • Advanced Orthomolecular Research (AOR)

Customization

Available Upon Request

Key Segments Profiled in the Carnitine Supplements Industry Survey

Form:

  • Powdered Carnitine Supplements
  • Liquid Carnitine Supplements
  • Carnitine Supplement Capsules
  • Other Forms of Carnitine Supplements (e.g. Soft Chews, etc.)

End Use:

  • Carnitine Supplements for Sports Nutrition
  • Carnitine Supplements for Pharmaceuticals
  • Carnitine Supplements for Other End Uses (e.g. Animal Nutrition and Health, etc.)

Flavor:

  • Blue Raspberry-flavored Carnitine Supplements
  • Pineapple-flavored Carnitine Supplements
  • Tropical Mango-flavored Carnitine Supplements
  • Cherry Popsicle-flavored Carnitine Supplements
  • Berry-flavored Carnitine Supplements
  • Other-flavored Carnitine Supplements (e.g. Watermelon, etc.)

Distribution Channel:

  • Carnitine Supplement Sales via Pharmacies and Drug Stores
  • Carnitine Supplement Sales via Health & Beauty Stores
  • Carnitine Supplement Sales via Hypermarkets/Supermarkets
  • Carnitine Supplement Sales via Online Retailing
  • Carnitine Supplement Sales via Direct Selling

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the global demand of the Carnitine Supplements market to expand at a 5.46% value CAGR by 2032

North America is expected to be the most opportunistic carnitine supplements market, expanding at a ~5% CAGR

Sports Supplements Ltd, NOW Foods, 1 Up Nutrition, GNC Holdings, Inc., Glanbia Plc, ALLMAX Nutrition, Inc., Scorpion Supplements and Eat Me Supplements are some prominent manufacturers

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Nandini Roy Choudhury
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LinkedIn
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Carnitine Supplements Market