Global L-Carnosine Market 2022-2028

Global L-Carnosine Market 2022-2028

The global L-carnosine market is estimated to grow at a CAGR of around 5.0% during the forecast period. The major factors contributing to the growth of the market include the growth in the cosmetic industry, rising prevalence of diabetes, CVD coupled with the expanding pool of aging population that are susceptible to these diseases. Diabetes has been among the most prevalent diseases around the globe. As per the International Diabetes Federation (IDF), in 2019, nearly 463 million adults (20-79 years) were suffering from diabetes, which is expected to reach 700 million by 2045. Over 1.1 million children and adolescents are living with type 1 diabetes. L-carnosine prevents damage caused by too much sugar in the body. It is a naturally occurring molecule composed of two amino acids that are capable of protecting patients against diabetes owing to its ability to neutralize toxic compounds and improve glycemic control.

The global L-carnosine market is segmented on the basis of application and geography. Based on the application, the market is segmented into autism, diabetes support, skin support, CVD support, joint support, and others. Others segment include digestion support, Parkinson’s disease, and Alzheimer’s disease. In 2019, the skin support segment is projected to contribute a significant share to the global market.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the World. In 2019, North America held the largest share in the market owing to the rising prevalence of chronic diseases and potential awareness regarding dietary supplements in the region. As per the Centers for Disease Control and Prevention (CDC), 6 in 10 adults in the US have a chronic disease and 4 in 10 adults in the US have two or more chronic diseases. This, in turn, is driving the demand for L-carnosine in the region.

Further, the report covers the analysis of various players operating in the market. Some of the major players covered in the report include Bachem AG, Kirkman Group, Inc., Charkit Chemical Company LLC, Foodchem International Corp., Klaire Labs, and Jarrow Formulas Inc. The market players are adopting some crucial strategies such as mergers and acquisitions, geographical expansion, and product launches, to expand market share. For instance, in July 2018, Bachem opened its Japan subsidiary in Tokyo as Bachem Japan K.K. With this expansion, the company aimed to strengthen customer support and increase its business growth in the Asian market.

Market Segmentation:

Global L-Carnosine Market Research and Analysis by Application

The Report covers:

Comprehensive research methodology of the global L-carnosine market.

This report also includes a detailed and extensive market overview with key analyst insights.

Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.

Analysis of regional regulations and other government policies impacting the global L-carnosine market.

Insights about market determinants which are stimulating the global L-carnosine market.

Detailed and extensive market segments with regional distribution of forecast revenues.

Extensive profiles and recent developments of market players.