The global L-carnitine supplements market is predicted to register a CAGR of 6% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 216 million in 2023 to US$ 386 million by 2033 end.
The L-carnitine supplements are witnessing increased demand in the market, owing to the adoption of unhealthy lifestyles and increasing patient awareness regarding diverse illnesses. Additionally, the expanding elderly population base is also propelling market growth. Further, the consumption of L-carnitine supplements helps reduce the risk of skeletal degeneration, which is recurrent in the geriatric population. Consumption of this supplement facilitates the reduction of muscle degeneration, preservation of lean muscle mass, and promotion of healthy aging.
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The application of L-carnitine supplements in animal food is also furthering the market expansion. As per the research published by National Library of Medicine, L-carnitine supplements have shown enhanced lactation and upsurged metabolism in cattle. The ingredient is also used for fuel economy, muscle repair, and antioxidant qualities in animals. According to a study published via Oxford University Press, dogs and horses especially benefit from L-carnitine supplementation.
Key Takeaways from the L-carnitine Supplements Market:
- The United States is projected to lead the market in the forecast period, estimated to attain US$ 136.8 million by 2033. The market is assessed to register 8% CAGR from 2023 to 2033. Strong demand from the pharmaceutical, food and beverage, and personal care sectors are propelling market expansion.
- Trailing behind is China, which is projected to accelerate at a CAGR of 5.4% over the forecast period. The market is expected to attain US$ 27.7 million by 2033. The market growth can be attributed to the participation of domestic and foreign companies in the country.
- The Japan L-carnitine supplements market is projected to attain US$ 22.6 million by 2033. The market is forecast to expand at a CAGR of 4.5% over the forecast period. The expanding geriatric population in the nation is stimulating the demand for L-carnitine supplements.
- The growing demand for functional drinks to improve health is spurring market growth. The functional drinks segment is projected to register a CAGR of 5.4% over the forecast period.
News Featuring Market Developments by Key Players of L-carnitine Supplements:
- In February 2022, Applied Nutrition Ltd., which is a sports nutrition business, introduced a new L-Carnitine sports drink known as Carni-Tone. The beverage is Applied Nutrition Ltd.’s first ready-to-drink product and the first flavored spring water. The company claims that the beverage is replete with minerals. This it associates with production of the beverage with spring water available in Northumbria, which contains extraordinary level of calcium and magnesium.
- In May 2019, Lonza declared that the Carnipure® L-Carnitine ingredient has now been made available for direct sale in India. The brand provides a high-quality grade of L-Carnitine in both tartrate and crystalline forms, suitable to be used in nutritional supplements. The Carnipure® brand has an extensive range of additional applications, such as weight management, energy, and fertility, courtesy of L-Carnitine’s key role in metabolism.
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L-Carnitine Supplements Market Taxonomy
By Grade:
- Food Grade
- Pharmaceutical Grade
- Feed Grade
By Application:
- Functional Drink
- Medicine
- Healthcare Product
- Animal Food
By End-use:
- Fat Loss
- Improved Heart Conditions
- Kidney & Liver Treatment
- Boosting Immunity
- Improving Male Infertility
- Brain Function
- Bone Mass
- Infant Nutrition
- Anti-aging
- Skin Care
- Metabolism
- Pain Relief
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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