L-carnitine is a form of amino acid and is a main element for proteins which is naturally formed acid in the body to produce energy. L-carnitine plays a vital role in the metabolism of fat. It is used as a supplement to upsurge the energy level of deficient patients. Naturally, L-carnitine is found in dairy products, peanut, fish, butter, and red meat. L-carnitine is also used as a supplement in pre mature infants, vegetarians, and dieters. Additionally, L-carnitine is a potential health contributor ingredient in cardiovascular benefit, sports nutrition, weight management and also during the pregnancy to maintain energy level. Moreover, L-carnitine is a white crystalline powder having the ability to retain moisture due to its hygroscopic nature.
Growing patient’s consciousness towards treatment of several disorders, un-healthy lifestyle, growing aged population base worldwide are some of the key drivers for the growth of l-carnitine market in the forecast period. Moreover, obesity associated complication such as chronic fatigue, diabetes, and heart attack are some of the key drivers which can increase the consumption of l-carnitine in the near future. Though, along with these positive factors, some other factors which can restrict the growth of market such as, fluctuating raw material prices, cheap prices of substitutes, etc. Manufacturers have strong opportunity to set up manufacturing hub in China and India owing to growing production capacity of raw material, cheap price, and availability of labor at low rate are some of the factors which can create more opportunities for manufacturers in the coming assessment period.
The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the L-Carnitine market. Also, complete analysis of changes on health expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market.
The study analyses the global L-Carnitine market based on type, application, and geography.
L-Carnitine Tartrate, Base L-Carnitine, L-Carnitine Fumarate, Acetyl L-Carnitine are the types of L-Carnitine. L-Carnitine Tartrate is likely to account for of the majority market share. L-Carnitine Tartrate is used to prevent and treat low blood levels of carnitine. Carnitine is a substance made in the body from meat and dairy products. It helps the body use certain chemicals (long-chain fatty acids) for energy and to keep you in good health.
The market finds application in pharmaceuticals, dietary supplements, functional food & beverages and animal feed. The functional food and beverage segment held a lion’s share in the market. Food sources of L-Carnitine have greater absorption rate than supplements. According to one study, a body absorbs 57-84% of L-Carnitine when it is consumed in the form of food compared to only 14-18% when taken as supplements. The benefits of consuming L-Carnitine in food are that, it helps to treat heart conditions such as heart failure or heart attack, angina and diabetic neuropathy. Besides this, L-Carnitine as an antioxidant fights off harmful free radicals that can lead to severe damage to cells.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World. North America is leading the global L-Carnitine market. The growth of the market is mainly down to the booming pharmaceutical sector in North America. The sector is the major continental pharma domain in the world. The US alone accounts for nearly half of the global pharmaceutical market in terms of volume as well as share. The presence of several big brands in the pharma industry in the region are thus helping to drive the growth of the global market for L-carnitine market.
The key competitors of this market include Lonza Group Ltd, Koncepnutra, Northeast Pharmaceutical, Biosint, Hengtai Chemical, KangXin Chemical, Chengda Pharmaceutical, HuaYang, Kangjian Chemical, AIDP, Biosynth AG, Wuhan Yuancheng Technology Development Co., Ltd, Hongjing Chemical, Qingdao FTZ United International Inc, Ningbo Honor Chemtech Co., Ltd, and among others.
The study analyses the global L-Carnitine market based on the type, application, and geography. The market finds application in pharmaceuticals, dietary supplements, functional food & beverages and animal feed. The functional food and beverage segment held a lion’s share in the market. L-Carnitine Tartrate, Base L-Carnitine, L-Carnitine Fumarate, Acetyl L-Carnitine are the types of L-Carnitine. L-Carnitine Tartrate hold a majority market share. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World. North America is leading the global L-Carnitine market.
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