Global L-carnitine Market

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

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

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

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Beta-Carotene Market
Buy Now GET FREE SAMPLE
L-Arginine Market
Buy Now GET FREE SAMPLE
Lysine Market
Buy Now GET FREE SAMPLE
Carotenoids Market
Buy Now GET FREE SAMPLE
Lycopene Market
Buy Now GET FREE SAMPLE
Glycerine Market
Buy Now GET FREE SAMPLE
Calcium Carbide Market
Buy Now GET FREE SAMPLE
Muscle Relaxant Drugs Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global L-carnitine Market

Report ID: SQSG15E2025

$5,300
BUY NOW GET FREE SAMPLE