The global L-carnitine supplements market is projected to surpass USD 386 million by the end of 2033, in terms of revenue. The market is projected to register a CAGR of 6% during the forecast period.
| Attribute | Details |
|---|---|
| L-carnitine Supplements Market Size Value in 2023 | USD 216 million |
| L-carnitine Supplements Market Forecast Value in 2033 | USD 386 million |
| Global Growth Rate (2023 to 2033) | 6% |
| Forecast Period | 2023 to 2033 |
The main driver accelerating the growth of the L-carnitine supplements market is the growing awareness of patients about the treatment of various diseases. Unhealthy lifestyle, growing geriatric population base globally, obesity-related complications such as chronic fatigue, diabetes, and heart attack, are also invigorating the demand for L-carnitine supplements. Further, the rising use of L-carnitine supplementation for post-exercise recovery, weight management, and healthy aging, is further propelling the market forward.
Opportunities of L-carnitine supplements market include increased efficiency in raw material production, low prices of labor, and low labor availability. Trends of L-carnitine supplements market have some promising and positive developments in the market are aiding the market growth. There are several prominent players in the market, each competing for more sales and reach.
Continuous research and development activities have made a decisive contribution to increase market share and increasing sales of market participants.
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Demand in the global L-carnitine supplements market is projected to attain USD 216 million in 2023, exhibiting a CAGR of 9.6% between 2017 and 2022. The market growth can be attributed to the enhanced understanding of consumer wellness.
Further, factors such as poor dietary habits and hectic lives of people are contributing towards increasing incidence rate of chronic illnesses, such as diabetes and cancer.
In the course of next 10 years, the market is estimated to attain USD 386 million by 2033. In the meantime, the market is assessed to expand at a CAGR of 6%.
| Attribute | Valuation |
|---|---|
| 2025 | USD 242.70 million |
| 2028 | USD 289.06 million |
| 2032 | USD 364.93 million |
| Historical CAGR (2017 to 2022) | 9.6% |
|---|---|
| Forecast CAGR (2023 to 2033) | 6% |
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 5.1% |
| H1,2022 Projected (P) | 5.2% |
| H1,2022 Outlook (O) | 5.7% |
| BPS Change: H1,2022 (O) - H1,2022 (P) | (+) 52 ↑ |
| BPS Change: H1,2022 (O) - H1,2021 (A) | (+) 57.2 ↑ |
The L-carnitine supplements market has grown by 5.1% globally in the first half of 2021. However, this growth is not uniformly distributed across all geographical areas, with the developing markets registering greater growth rates of 5.7%. Thus, there has been a 57.2 BPS point difference between the predicted and projected growth in H1 2022.
The primary causes of this variation in growth rate are ascribed to the market's slow or rapid uptake during the first half of the projected period as a result of improving end user demand in important economies and their expanding populations.
China and India in particular are both experiencing a growth in their consumption patterns, which is driving up demand for L-carnitine supplements. Numerous other market segments should also perform well and have bright development potential in the second half of the projected period.
Despite these promising developments, the business is still expected to face significant obstacles, such as shifting customer preferences, strict trade restrictions, and a lack of security in the supply of raw materials and other manufacturing inputs.
There have been a number of recent changes in this market, including:
The L-carnitine market is expected to witness significant growth over the forecast period owing to increasing innovations in manufacturing processes. Chemical synthesis and bioprocess are the commonly used processes for manufacturing. Bioprocess generated a large market share in 2018, and the trend is projected to continue over the forecast period due to the highest yield and environmental benefits it provides.
Chemical synthesis is gaining traction in the market gradually though. Chemical multistep racemization is the most commonly used chemical synthesis process for the manufacturing of L-carnitine, which generates racemic mixture with D-carnitine as a byproduct. In general, the cycle starts with the inclusion of raw materials such as epichlorohydrin and trimethylamine, accompanied by the isolation of a racemic mixture by fractional crystallization.
North America is witnessing high prevalence of various health problems and obesity. The region is expected to show high growth in the global L-carnitine supplements market during the 2023 to 2033 analysis period. Increasing rate of obesity and diseases, such as heart disease, hypertension, stroke, and diabetes is projected to boost the regional growth over the analysis period.
L-carnitine has been shown to be an essential ingredient in the treatment and prevention of various illnesses, making it an attractive functional ingredient in food and drink. Increased levels of energy and stamina, including other health benefits, have led consumers to focus more on functional foods and beverages containing l-carnitine. Increasing consumer reliance on L-carnitine supplements in North America is expected to drive market growth over the forecast period.
The European dietary supplement industry is expected to grow with increased purchases of dietary supplements as a preventative approach to health concerns. In addition, consumers prefer herbal products to medicines because of side effects. Increasing adoption of dietary supplements to improve health without potential health risks is expected to drive market growth over the forecast period.
The employment growth, coupled with investment in research & development, is expected to drive growth in the pharmaceutical industry over the forecast period. This has the potential to drive market growth over the next few years.
In the Asia Pacific, consumption of functional foods and beverages is increasing due to increased disposable income and heightened awareness of various nutritional products and ingredients. As consumers are looking for food and beverage that contain l-carnitine, new interest in functional foods is bringing great benefits to the market as a whole. Ongoing research identifying its potential uses and health-promoting properties has contributed significantly to the growing public interest in l-carnitine for health and health.
| Country | The United States |
|---|---|
| CAGR (2023 to 2033) | 5.8% |
| Market Size (2033) | USD 136.8 million |
| Country | The United Kingdom |
|---|---|
| CAGR (2023 to 2033) | 5.1% |
| Market Size (2033) | USD 16.2 million |
| Country | China |
|---|---|
| CAGR (2023 to 2033) | 5.4% |
| Market Size (2033) | USD 27.7 million |
| Country | Japan |
|---|---|
| CAGR (2023 to 2033) | 4.5% |
| Market Size (2033) | USD 22.6 million |
| Country | South Korea |
|---|---|
| CAGR (2023 to 2033) | 4.1% |
| Market Size (2033) | USD 13.7 million |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 136.8 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 58.7 million |
The United States is the third-largest bio pharmacy market in the world and one of the world's leading countries in bio pharmacy research and development. The expansion of the United States pharmaceutical and biopharmaceutical industry is expected to promote the use of l-carnitine supplements in pharmaceuticals to control the development of diabetes, thyroid, blood pressure, and coronary artery disease.
L-carnitine dietary supplements are also used to lose weight in the treatment of obesity. The United States has significant obese population in the world, so the use of dietary supplements to control weight gain is increasing. It is expected to continue to drive the regional market over the forecast period.
| Historical CAGR (2017 to 2022) | 9.3% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.8% |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 16.2 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 6.3 million |
The United Kingdom L-carnitine supplements market is predicted to arrive at market valuation of USD 16.2 million by 2033. The market is estimated to expand at a CAGR of 5.1% in the forecast period. The growing demand for pills that help shed body fat percentage and increase fat metabolism in the body is catalyzing market growth. Figur Diet Pills (The United Kingdom) capsule is a 100% naturally-developed herbal product that helps decrease excessive body fat in the body.
The consumption of L-carnitine is gaining immense popularity in the market as a fat-melting supplement ingredient. Besides, the consumption of products composed of L-carnitine helps improve cognition, health, and prevents illness.
| Historical CAGR (2017 to 2022) | 8.3% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.1% |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 27.7 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 11.3 million |
The China L-carnitine supplements market is projected to attain USD 27.7 million by 2033. The market is estimated to expand at the CAGR of 5.4% over the forecast period. High-quality standards, expanding manufacturing capacity, and low prices, are robustly becoming the hallmark of producers based in China. This is strengthening the L-carnitine supplements market in the country. Additionally, the increasing studies investigating the beneficial aspects of L-carnitine supplementation is expected to facilitate enhanced demand for the product over the coming years.
In October 2020, Nutrients published a meta-analysis, which was conducted by researchers of Gyeongin Regional Korea FDA and Sungshin Women’s University. The analysis revealed that L-carnitine supplementation helps minimize waistline and systolic blood pressure among patients suffering from health conditions. The product is beneficial for patients with underlying health issues like diabetes, knee osteoarthritis, and non-alcoholic steatohepatitis, etc.
| Historical CAGR (2017 to 2022) | 8.9% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.4% |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 22.6 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 8.1 million |
The Japan L-carnitine supplements market is projected to attain USD 22.6 million by 2033. The market is assessed to exhibit a CAGR of 4.5% from 2023 to 2033. In Japan, the products composed of L-carnitine are being increasingly purchased by people who desire to lose their weight and are witnessing fatigue. For instance, Fine Japan L-carnitine capsules are being recommended for the aforementioned purposes. These capsules are chewable, infused with passion fruit flavor, and generates energy in the body.
L-carnitine also has a significant part in providing support to the body in response to physical activity so as to boost recovery process. L-carnitine helps safeguard the endothelial cells from the deficiency of L-carnitine, thereby contributing to the reduction of muscle soreness, tissue damage, and facilitation of recovery process. Therefore, the new exercise and recovery formulations available across the globe are incorporated with the emergent L-carnitine as a key ingredient.
| Historical CAGR (2017 to 2022) | 7.8% |
|---|---|
| Forecast CAGR (2023 to 2033) | 4.5% |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 13.7 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 4.5 million |
The South Korea L-carnitine supplements are expected to reach USD 13.7 million by 2033. The market is projected to expand at 4.1% CAGR over the forecast period. The L-carnitine supplements are gaining momentum owing to the surging consumption by pregnant women. As per the surging evidence, L-carnitine plays a significant role during pregnancy, especially in women following a vegetarian or meat-reduced diet. With the help of L-carnitine dosage, pregnant women meet the risen requirements for L-carnitine unfulfilled by the vegetarian diet.
L-carnitine also finds extensive application in the manufacturing of various kinds of energy beverages, and drugs and functional foods. These include effervescent tablets, weight-reducing capsules, and drinks and infant milk powder, chewing tablets, among others.
| Historical CAGR (2017 to 2022) | 7.1% |
|---|---|
| Forecast CAGR (2023 to 2033) | 4.1% |
| Taxonomy | Grade |
|---|---|
| Top Segment | Food Grade |
| Forecast CAGR | 5.8% |
| Taxonomy | Application |
|---|---|
| Top Segment | Functional Drink |
| Forecast CAGR | 5.4% |
The rising demand for food grade L-carnitine supplements is anticipated to exhibit a CAGR of 5.8% over the forecast period. The segment growth can be attributed to the growing utilization of functional food and beverages. Going forward, the increasing fitness-sensitive and health-conscious consumers are propelling the demand for food grade L-carnitine supplement.
Several key manufacturers are introducing new food grade L-carnitine supplements in the market to attract more customers. Popularization of these supplements on account of their multiple benefits are projected to garner enhanced growth over the forecast period.
| Historical CAGR (2017 to 2022) | 9.4% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.8% |
The growing preference for functional drinks by health-conscious consumers is boosting the segment growth, which is estimated to demonstrate 5.4% CAGR over the forecast period. Further, the surging introduction of functional drinks like relaxation beverages, kombucha, and botanical ingredients-based beverages, are stimulating the market growth.
The beverage manufacturers are leveraging on the shift in consumer behavior by introducing new beverages invigorated by substances like L-carnitine. In March 2020, for instance, the United States-based LIFEAID Beverage Co.’ s introduced a new variant of FOCUSAID beverage, consisting of L-carnitine.
| Historical CAGR (2017 to 2022) | 9.2% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.4% |
With increased implementation of new rules regarding supplement markets in different countries, market players are hard pressed to adjust their marketing strategies to each country's regulations.
Such players emphasize further the distinction of nutritional statements and product ingredients according to the rules and consumer expectations for an increased customer base and a stronger global presence. It has contributed to emphasis on launching new product portfolio line, thus maintaining a reliable, high-quality raw material supply through mergers and acquisitions.
Manufactures are integrating a line of vegan L-carnitine supplements into their product range in an effort to reach rising vegan consumers. New developments in the market include:
| Attribute | Details |
|---|---|
| L-carnitine Supplements Market Size Value in 2023 | USD 216 million |
| L-carnitine Supplements Market Forecast Value in 2033 | USD 386 million |
| Global Growth Rate (2023 to 2033) | 6% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD million for Value & MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Saudi Arabia, Peru, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, South Africa, Gulf Cooperation Council Countries |
| Key Segments Covered | Grade, Application, End-use, Region |
| Key Companies Profiled | Northeast Pharmaceutical Group Co., Ltd.; Huanggang Huayang Pharmaceutical Co. Ltd; Lonza Group Ltd.; Ceva Santé Animale S.A.; Tokyo Chemical Industry Co., Ltd.; Kaiyuan Hengtai Chemical Co., Ltd; ChengDa PharmaCeuticals Co., Ltd.; HuBeiYuancheng Saichuang Technology Co, Ltd.; Cayman Chemical |
| Pricing | Available upon Request |
From 2018 to 2022, the global market exhibited a 13.5% CAGR.
The global market size is predicted to reach USD 386 million by 2033.
North America is projected to emerge as a lucrative market.
The growth potential of the market is 6% through 2033.
The food grade segment is highly preferred in the global market.
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L-carnitine Supplements Market
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