Carnitine Supplements Market Analysis and Forecast to 2032: By Flavor (Berry, Lemon/Citrus, Cherry, Mango, Pineapple, Others), Form (Capsule, Liquid, Powder, Tablet, Others), End User (Men, Women, Children), Distribution Channel (Offline, Online), and Region
The global carnitine supplements market was valued at USD 194.5 million in 2022 and it is anticipated to grow further till USD 316.5 million in 2032, at a CAGR of 5.0% during the forecast period.
An amino acid called carnitine aids in the conversion of fatty acids into energy in mammals. Supplements containing carnitine are often used in weight loss because they increase metabolism, burn fat more quickly, and provide energy. This characteristic of the carnitine supplement is encouraging customers to use it as an infant, anti-aging, and sports nutrition supplement.
Global Carnitine Supplements Market Scope and Report Structure
Market Drivers and Trends
Another element anticipated to aid in the market's progress is the creation of numerous enhanced l-carnitine supplements. L-Carnitine supplementation is a dietary remedy for the body's deficiency in L-Carnitine. The amino acid L-carnitine helps turn fat into energy and can potentially be utilised to address cardiovascular issues. Rising consumer awareness of the benefits of the product and a rise in the use of the product in animal feed have been the primary drivers of the global Carnitine Supplements Market volume. For instance, Rabie et al. found that supplementing the meal with L-carnitine from 20 to 60 mg/kg improved the growth performance of broiler chicks. Similar to this, adding animal fat and 300 mg/kg of L-carnitine to the diet improved feed intake, body weight gain, and feed conversion efficiency.
Market Restraints and Challenges
On the other hand, using l-carnitine supplements excessively might result in nausea, vomiting, stomach pain, diarrhoea, heartburn, and seizures. The growth of the global market for carnitine supplements during the following few years may be significantly constrained by this.
Global Carnitine Supplements Market Segmental Overview
The global carnitine supplements market is segmented into flavor, form, end user, distribution channel, and region.
Global Carnitine Supplements Market by Flavor
Based on flavor, it is segmented into berry, lemon/citrus, cherry, mango, pineapple, and others. The berry segment is anticipated to dominate the market during the forecast period. Similarly, cherry segment is anticipated to witness the fastest growth during the forecast period.
Global Carnitine Supplements Market by Form
Based on the form, it is segmented into capsule, liquid, powder, tablet, and others. The capsule segment is anticipated to dominate the market during the forecast period. Likewise, the liquid segment is anticipated to grow at a fastest pace during the forecast period.
Global Carnitine Supplements Market by End User
Based on the end user, it is segmented into men, women, and children. The men segment is anticipated to dominate the market during the forecast period. Similarly, women segment is likely to witness the fastest growth during the forecast period.
Global Carnitine Supplements Market by Distribution Channel
Based on the distribution channel, it is segmented into offline, and online. The offline segment is anticipated to dominate the market during the forecast period. Similarly, the online segment is anticipated to grow at a fastest pace during the forecast period.
Geographical Analysis of the Global Carnitine Supplements Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.
Major Players in the Global Carnitine Supplements Market
The key players studied in the report are Lonza, Northeast Pharmaceutical Group Co., Ltd., Healthline Media, Inc., Glanbia PLC, now foods, Ceva Sante Animale, Eat Me Supplements, eSupplements, 1 Up Nutrition, Designs for Health, Inc., Scorpion Supplements, GNC Holdings, LLC, aSquared Brands, LLC, Allmax Nutrition, Inc., Advanced Orthomolecular Research among others.
COVID-19 Impact
The COVID 19 outbreak at the start of 2020 significantly impacted the global supply chain, retail distribution, and consumer behaviour for a wide range of goods and services. L-carnitine, which lowers the risk of cardiovascular disorders, however, saw a spike in demand during the pandemic due to increasing customer desire for health and wellness products. Additionally, researchers from the MRC Integrative Epidemiology Unit (IEU), Bristol Medical School, United Kingdom, came to the conclusion that L-carnitine and its derivative, acetyl-carnitine, had potent anti-inflammatory properties that are beneficial for patients with severe COVID 19. According to the study, doubling blood carnitine levels cuts the risk of developing severe COVID-19 by 40%. Due to the high cost and length of time associated with conducting large, randomised trials, the study only used small samples.
Recent Developments
October 2019, Lonza has introduced its new Muscle Guard TM formulation, a patent-pending ingredient combination that comprises a clinically studied ratio of four nutrients, comprising Lonza’s Carnipure L-Carnitine, Creatine, and Leucine, as well as vitamin D. Improvements in muscle strength, activity, and bulk are among the benefits of the solution for recuperation and sports performance.
April 2019, The BioContinuum buffer delivery platform, a new building piece of Merck’s BioContinuum Platform for next-generation bioprocessing, was unveiled. It is an excellent product for more efficient buffer delivery and delivers accuracy and reliability and precision in buffer preparation.
Frequently Asked Questions
Q1. How big is the Carnitine Supplements market?
Ans. The global Carnitine Supplements market size was USD 194.5 million in 2022 and it is anticipated to grow further till USD 316.5 million in 2032, at a CAGR of 5.0% from 2023 to 2032.
Q2. What is the Carnitine Supplements market growth rate?
Ans. The growth rate of the Carnitine Supplements market is 5.0%.
Q3. Which region holds a major market share for the Carnitine Supplements market?
Ans. North America holds a major market share of the Carnitine Supplements market in 2022.
Q4. Which segment accounted for the largest Carnitine Supplements market share?
Ans. By end user, men segment accounted for the largest Carnitine Supplements market share.
Q5. Who are the key players in the Carnitine Supplements market?
Ans. The global Carnitine Supplements market report includes players such as Lonza, Northeast Pharmaceutical Group Co., Ltd., Healthline Media, Inc., Glanbia PLC, now foods, Ceva Sante Animale, Eat Me Supplements, eSupplements, 1 Up Nutrition, Designs for Health, Inc., Scorpion Supplements, GNC Holdings, LLC, aSquared Brands, LLC, Allmax Nutrition, Inc., Advanced Orthomolecular Research among others.
Q6. What are the factors driving the Carnitine Supplements market growth?
Ans. The major factors driving the growth of the market are the growing market in emerging countries.
Q7. What are the key growth strategies of Carnitine Supplements market players?
Ans. The key growth strategies of Carnitine Supplements market players are product launch and product approval.
Q8. Which region will provide more business opportunities for the Carnitine Supplements market during the forecast period?
Ans. The Asia-Pacific region will provide more business opportunities for the Carnitine Supplements market during the forecast period.
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