The global Carnitine Supplements market is expected to reach a market valuation of US$ 288 million by 2023, recording a CAGR of 5.8% from 2023 to 2033.
Mammals use the amino acid carnitine to help turn fatty acids into energy. Carnitine-rich supplements are frequently used for weight loss since they boost metabolism, accelerate fat burning, and provide users energy. Customers are encouraged to use carnitine as an infant, anti-aging, and sports nutrition supplement because of the quality of the supplement.
| Carnitine Supplements Market Size (2023E) | US$ 288 million |
| Carnitine Supplements Market Projected Size (2033F) | US$ 507 million |
| Value CAGR (2023 to 2033) | 5.8% |
| Top 3 Countries Marketing Share | 66.2% |
The demand for carnitine supplements is dramatically rising as obesity and overweight excess weight gain are becoming more common in most established and emerging economies. "Obesity has reached epidemic proportions globally, with at least 2.8 million people dying each year as a result of being overweight or obese," said a World Health Organization (WHO) report published in June 2021. Obesity is currently more common in low- and middle-income countries than it used to be in high-income ones.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Carnitine Supplements.
| Market Statistics | Details |
| Jan–Jun (H1), 2021 (A) | 5.3% |
| Jul–Dec (H2), 2021 (A) | 5.4% |
| Jan–Jun (H1),2022 Projected (P) | 5.3% |
| Jan–Jun (H1),2022 Outlook (O) | 5.4% |
| Jul–Dec (H2), 2022 Projected (P) | 5.3% |
| Jul–Dec (H2), 2022 Outlook (O) | 5.2% |
| Jan–Jun (H1), 2023 Projected (P) | 5.2% |
Over the projected period, it is anticipated that the global market for carnitine supplements would be driven by the increasing prevalence of obesity and overweight. The major factors that are anticipated to support the growth of the carnitine supplements market in the upcoming years include rising consumer health consciousness, growing desire for a healthy and active lifestyle, rising concerns among young people about their aesthetic appearances, rising desire for a healthy and active lifestyle, and rising surging consumer expenditure towards health and wellness products and services.
Over The Counter Availability
The market for carnitine supplements is being further fueled by the rising use of these supplements in a variety of fields, including male fertility, sports nutrition, infant nutrition, pregnancy, and anti-aging. Sales of carnitine supplements are being significantly boosted by their accessibility as an OTC (over-the-counter) product. Moreover, supplement producers are also concentrating on the creation and provision of customized supplements. Based on the requirements and dietary requirements of the user, customized supplements are created and made available.
The need for tailored supplements is gaining tremendous popularity among consumers, especially in developed economies like North America and Europe. The consumer preference for customized supplements is growing, which is helping the market expand.
L-Carnitine Market:
| Attributes | L-Carnitine Market |
| CAGR (2023 to 2033) | 6% |
| Market Value (2023) | US$ 216 million |
| Growth Factor | The need for L-carnitine supplements is being boosted by unhealthy lifestyle choices, a growing senior population worldwide, and obesity-related illnesses like chronic fatigue, diabetes, and heart attacks. |
| Key Trend | Market factors for L-carnitine supplements include improved raw material production efficiency, cheap labor costs, and a shortage of labor. Market trends for L-carnitine supplements show some encouraging and constructive developments that are promoting market expansion. |
Dietary Supplements Market:
| Attributes | Dietary Supplements Market |
| CAGR (2023 to 2033) | 9% |
| Market Value (2023) | US$ 68,207 million |
| Growth Factor | The main purpose of dietary supplements is to make up for human nutritional inadequacies. |
| Key Trend | It is projected that this trend will continue in the future, benefiting the global market participants for dietary supplements. The demand for vitamins, minerals, and herbs that promote immunity grew. |
North America led the global market in 2021. As a result of rising disposable income, increasingly unhealthy diets, and access to a broad variety of processed and ready-to-eat foods, North America is experiencing a large rise in the population that is obese and the advent of lifestyle-related disorders. So, as part of a diversified diet, routinely consuming goods like enriched, improved, fortified, and enhanced foods as well as nutrient-dense supplements may be healthful. In North America, the use of carnitine supplements has increased as more individuals are becoming aware of their advantages for maintaining physical and mental health.
In 2021, Asia-Pacific was the second-largest market, and it is anticipated that it will expand at the fastest rate throughout the projected period. In the near future, it is anticipated that developing countries like India, China, Bangladesh, Indonesia, Vietnam, and the Philippines will present major growth potential. Throughout the projected period in Asia-Pacific, the prevalence of childhood malnutrition and the growing number of cases of under-five child deaths from malnutrition are anticipated to drive demand for carnitine supplements.
The main factors that are significantly fueling the growth of the carnitine supplement market include increasing consumer disposable income, changing lifestyles, unhealthy eating habits, rising health consciousness, the presence of a sizable young population, and rising consumer spending on wellness products.
In 2021, the liquid section was the largest. Liquid supplements are more effective than those that come in tablet or capsule form. The liquid carnitine supplements are also easy to digest because they contain delectable fruity scents. An increase in the number of health-conscious consumers worldwide, an increase in consumer spending on health and wellness, and an overall rise in the prevalence of obesity and overweight excess weight gain globally are the main factors anticipated to propel the growth of liquid carnitine supplements during the forecast period.
More than two-fifths of the market for carnitine supplements were made up by the women segment in 2021, and it is anticipated that this group will continue to hold the top spot throughout the forecast period. Over the past several years, the market for carnitine supplements has grown dramatically due to the rising prevalence of obesity among women and the increased awareness among women regarding their aesthetic features.
| Attribute | Details |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Form, End Use, Flavor, Distribution Channel and Region |
| Key Companies Profiled |
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| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Carnitine Supplements Market is valued at US$ 288 million for 2023.
The Carnitine Supplements Market valuation is expected to be US$ 507 million in the year 2023.
The value of CAGR for the Carnitine Supplements Market is estimated to be 5.8%.
The x segment would garner a significant market value share by 2023.
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Carnitine Supplements Market
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