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

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).

L- Carnitine is an amino acid found in all human cells that carry fatty acids to mitochondria, assisting in energy synthesis. It acts as the engine inside the body, burning fat and converting it into useful energy. To create L-carnitine, the human body requires a lot of vitamin C. It is also a vitamin and dietary supplement. Consuming meat and fish can result in the production of L-Carnitine. L-Carnitine has been shown to improve post-exercise recovery.

The market is likely to be driven by growing knowledge of product benefits such as improved muscle regeneration, reduced muscular pain, and muscle gain, resulting in increased product demand for various application industries, which is predicted to drive market growth. The market is predicted to be driven by the rising use of L-carnitine supplementation for post-workout recovery, weight loss activity, and healthy aging over the analysis period.

The United States is the world's third-largest biopharmaceutical market and a world leader in biopharmaceutical research and development. The growth of the pharmaceutical and biopharmaceutical sectors in the United States is predicted to increase the use of L-carnitine in medicines to regulate the occurrence of diabetes, thyroid, blood pressure, and coronary heart disease.

US L-carnitine Market is poised to grow at a sustainable CAGR for the next forecast year.