North American L-Carnitine Market Forecast to 2027- Covid-19 Impact and Regional Analysis by Process (Chemical Synthesis, Bio-process); Product (Food Grade, Pharmaceutical Grade, Feed Grade); Application (Animal Feed, Healthcare Products, Functional Drinks, Medicines)

Publication Month: May 2020 | Report Code: TIPRE00010853 | No. of Pages: 92 | Category: Pharmaceuticals | Status: Published
Covid

The L-Carnitine market was valued at US$ 72.3 million in 2018 and is projected to reach US$ 109.8 million by 2027; it is expected to grow at a CAGR of 4.7% from 2019 to 2027.

 

L-Carnitine is a naturally occurring compound in human and animal body, which plays an  important role of shuttling fatty acids to and fro in the cells to produce energy. It is produced in the liver and kidneys. However, certain individuals are unable to produce or synthesize required amount of L-Carnitine due to genetic defects. Individuals unable to synthesize L-Carnitine suffer from primary and secondary carnitine deficiency. At present, L-Carnitine is commercially advertised as a nutritional supplement to enhance body fitness and promote weight loss. It is also approved to treat carnitine deficiencies in patients at the end stage of renal diseases undergoing hemodialysis. Besides its uses in human nutrition, L-Carnitine is also used as an additive in the formulation of animal feed formulations. It is used in the poultry industry to increase egg production and improve egg hatchability.

 

The US is dominating the North American L-Carnitine market Growing demand for L-Carnitine supplements to enable efficient conversion of food into energy is driving the growth of the market in the US. L-Carnitine has been recommended by medical professionals to individuals with genetic disorders whose bodies are unable to naturally synthesize carnitine. L-Carnitine plays a major role in keeping up with the requirements to generate energy in the body, as it is involved in transporting long-chain fatty acids to the mitochondria for energy production. The US Food and Drug Administration has approved the use of (IV) L-Carnitine for treating primary and secondary carnitine deficiencies. L-Carnitine supplements are also used to treat carnitine deficiencies resulting from poor carnitine absorption and chronic kidney failure. Moreover, the widespread use of L-carnitine in treating carnitine deficiency and renal diseases resulting from dialysis has compounded the consumption of L-Carnitine in the form of supplements. The use of L-Carnitine in the form of supplements to cure involuntary weight loss and increase the body mass index (BMI) in patients with cachexia or wasting syndrome has steadily increased. These factors are positively impacting the L carnitine market in the US and in overall North America.

 

The COVID-19outbreak first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. As of March 2020, China, Italy, Iran, Spain, republic of Korea, France, Germany, and the US are some of the worst affected countries in terms of confirmed cases and reported deaths. According to the latest WHO figures, there are ~3, 32,930confirmed positive cases and 14,510 deaths globally. The COVID-19outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food and beverage industry is one of the major industries facing  serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The lockdown of various plants and factories in the US is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various electronic goods. All these factors are anticipated to affect the pharmaceutical, food & beverage, and other industries in a negative manner and restricting the growth of various markets related to this industry in the coming months. The US has the highest number of confirmed cases of COVID-19 compared to Canada and Mexico.

 

North America L-Carnitine Market

North America L-Carnitine Market

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Market Insights

Rising Demand for Personalized Nutrition, Heart Health, and Athletic Performance

L-Carnitine is consumed in the form of functional drinks and nutritional supplements by fitness enthusiasts and athletes to improve muscular endurance. It has the ability to reduce fatigue levels by inhibiting the buildup of lactic acid, which has been known as the primary cause of fatigue. It is also known to reduce the accumulation of metabolic wastes during training sessions and exercises. L-Carnitine plays an important role in increasing workload output while exercising and post-exercise recovery. The demand for L-Carnitine in the form of supplements is expected to significantly rise owing to the ongoing trend of personalized nutrition. Furthermore, rising incidences of heart diseases and the growing need to maintain heart health are likely to increase the consumption of L-Carnitine supplements among patients with cardiovascular diseases. Cardiac insufficiency, respiratory distress, cardiac arrhythmia, and cardiomyopathy are associated with carnitine deficiency. The increased awareness about heart health and the role of L-Carnitine in averting has led to significant consumption of L-Carnitine supplements, which in turn has consequently propelled the growth of the L-Carnitine market.

 

Process Market Insights

Based on process, the L-Carnitine market has been segmented into chemical synthesis and bioprocess. The chemical synthesissegment accounted for the largest share of the North American L-Carnitine market in 2018; however, the bioprocess segment is expected to grow at a highest CAGR during the forecast period. Chemical synthesis involves a two-step process. First being, the formation of hydroxyl-activated(S)-3-hydroxybutyrolactone (a methane sulfonate), followed by conversion of hydroxyl activated (S)-3-hydroxybutyrolactone to L-Carnitine by the reaction with trimethylamine in water. The chemical synthesis process of manufacturing L-Carnitine is largely being carried out by the manufacturers. The most commonly used chemical synthesis process for manufacturing L-Carnitine is chemical multistep racemization that generates a racemic mixture with D-carnitine as its byproduct. Chemical multistep racemization starts with the inclusion of epichlorohydrin and trimethylamine as raw material, followed by fractioned crystallization that separates the racemic mixture. Chemo microbiological synthesis is another chemical synthesis process used for the manufacture of L-Carnitine. Under this process, optically pure (R)-4-chloro-3-hydroxybutyrate is prepared from ethyl acetoacetate by reduction with baker’s yeast, which is then finally converted into L-Carnitine using standard methods. L-Carnitine is also produced by employing a coupled enzyme system of glucose dehydrogenase and alcohol dehydrogenase to another enzyme synthesis of (R)-4-chloro-3-hydroxybutyrate.

 

North America L- Carnitine Market, by Process– 2018 and 2027

North America L- Carnitine Market

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Product Market Insights

Based on product, the L-Carnitine market is segmented into food, pharmaceutical grade, and feed grade. In 2018, the food segment accounted for the largest share of the North American L-Carnitine market; whereas the pharmaceutical grade segment is expected to register the fastest CAGR during the forecast period. L-Carnitine is mainly responsible for two functions, the first being transporting fatty acids into mitochondria, where they are burned and oxidized to produce energy. The other function involves transporting waste and toxic compounds out of mitochondria, thus preventing the buildup of unwanted substances in the body. The benefits of consuming L-Carnitine as a food supplement are 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 against harmful free radicals that damages healthy cells.

 

Application Market Insights

Based on application, The L-Carnitine market is segmented into healthcare products, animal feed, functional drinks, and medicines.In 2018, the healthcare products segment accounted for the largest share of the North American L-Carnitine market, whereas the functional drinks segment is expected to register the fastest CAGR during the forecast period. L-Carnitine is used in the production of healthcare products like nutrient supplements and powder supplements for weight management, energy, and endurance. Including L-Carnitine in diet, helps in treating low blood levels. Advance Nutratech L-Carnitine unflavored raw powder is a vegetarian healthcare product that helps in increasing physical performance with zero sweetener and zero additives especially for athletes. L-Carnitine pure powder is useful in generating cellular energy and transports fatty acids in the body. L-Carnitine bulk supplements improve athletic performance, keep the heart healthy and delays muscle fatigue. Also, there are various L-Carnitine sports supplements like acetyl L-Carnitine available in the market that balances weight loss with muscle development. Many companies also provide L-Carnitine with green tea extracts in liquid form. There is an upsurge in the application of L-Carnitine in healthcare products owing to the various health benefits offered by L-Carnitine. Also, with the changing lifestyle and consumers becoming more concerned about fitness and health, the demand for L-Carnitine in healthcare products is expected to rise at an alarming rate in the coming years.

 

Strategic Insights

Several strategic initiatives are commonly adopted by companies to expand their footprint worldwide. Lonza Group Ltd and MERCK KGaA are among the market players implementing this strategyto enlarge their customer base and gain significant market share North America, which in turn permits to maintain their brand name in the North American L-Carnitine market.

 

Report Spotlights

  • Progressive industry trends in the North American L-Carnitine market help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the North American L-Carnitine market from 2017 to 2027
  • Estimation of North American L-Carnitine demand across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the market competition and the demand in North America
  • Market trends and outlook, coupled with factors driving and restraining the growth of the North American L-Carnitine market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to North American L-Carnitine market growth


North American L-Carnitine market size at various nodes of market

  • Detailed overview and segmentation of the North American L-Carnitine market, as well as its dynamics in the industry
  • North American L-Carnitine market size in various regions with promising growth opportunities

 

L-Carnitine Market – By Process

  • Chemical Synthesis
  • Bioprocess


L-Carnitine Market – By Product

  • Food
  • Pharmaceutical Grade
  • Feed Grade


L-Carnitine Market – By Application

  • Healthcare Products
  • Animal Feed
  • Functional Drinks
  • Medicines


Company Profiles

  • Maxsun Industries Incorporated
  • Lonza Group Ltd
  • Northeast Pharmaceutical Group Co.,Ltd
  • Cayman Chemical
  • MERCK KGaA

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America L-Carnitine Market – By Process

1.3.2        North America L-Carnitine Market – By Product

1.3.3        North America L-Carnitine Market – By Application

1.3.4        North America L-Carnitine Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           L-Carnitine Market Landscape

4.1         Market Overview

4.2         PEST Analysis – North America

4.3         Expert Opinions

5.           L-Carnitine Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Growing Demand for L-Carnitine Supplements to Enable Efficient Conversion of Food into Energy

5.1.2        Rising Demand for Personalized Nutrition, Heart Health, and Athletic Performance

5.2         Market Restraints

5.2.1        Adverse Effects of L-Carnitine

5.3         Market Opportunities

5.3.1        Burgeoning consumption of L-Carnitine Across North America

5.4         Future Trends

5.4.1        Growing Demand for L-Carnitine as Additive in Animal Feed

5.5         Impact Analysis of Drivers and Restraints

6.           North America L - Carnitine Market Analysis –  By Product

6.1         Overview

6.2         North America L-Carnitine Market Breakdown, By Product, 2018 & 2027

6.3         Food

6.3.1        Overview

6.3.2        North America L-Carnitine Market in Food Segment: Revenue and Forecasts to 2027 (US$ Mn)

6.4         Pharmaceutical Grade

6.4.1        Overview

6.4.2        North America L-Carnitine Market in Pharmaceutical Grade Segment: Revenue and Forecasts to 2027 (US$ Mn)

6.5         Feed Grade

6.5.1        Overview

6.5.2        North America L-Carnitine Market in Feed Grade Segment: Revenue Forecasts to 2027 (US$ Mn)

7.           North America L-Carnitine Market Analysis –  By Application

7.1         Overview

7.2         North America L-Carnitine Market Breakdown, By Application, 2018 & 2027

7.2.1        Overview

7.2.2        North America L-Carnitine Market in Animal Feed Segment: Revenue and Forecasts to 2027 (US$ Mn)

7.3         Healthcare Products

7.3.1        Overview

7.3.2        North America L-Carnitine Market in Healthcare Products Segment: Revenue and Forecasts to 2027 (US$ Mn)

7.4         Functional Drinks

7.4.1        Overview

7.4.2        North America L-Carnitine Market in Functional Drinks Segment: Revenue and Forecast to 2027 (US$ Mn)

7.5         Medicines

7.5.1        Overview

7.5.2        North America L-Carnitine Market in Medicines Segment: Revenue and Forecast to 2027 (US$ Mn)

8.           Carnitine Market Analysis – By Process

8.1         Overview

8.2         L-Carnitine Market, by Process, (2018 & 2027)

8.3         Chemical Synthesis

8.3.1        Overview

8.3.2        North America L-Carnitine Market in Chemical Synthesis Segment: Revenue and Forecast to 2027 (US$ Mn)

8.4         Bioprocess

8.4.1        Overview

8.4.2        North America L-Carnitine Market in Bioprocess Segment: Revenue and Forecast to 2027 (US$ Mn)

9.           L-Carnitine– North America Market Analysis

9.1         North America L-Carnitine Market Overview

9.1.1        North America: L Carnitine Market –Revenue and Forecast to 2027(US$ Mn)

9.1.2        North America: L-Carnitine Market, by Process

9.1.3        North America: L Carnitine Market, by Product

9.1.4        North America: L Carnitine Market, by Application

9.1.5        North America: L Carnitine Market, by Key Country

9.1.5.1          US: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)

9.1.5.1.1          US: L Carnitine Market, by Process

9.1.5.1.2          US: L Carnitine Market, by Product

9.1.5.1.3          US: L Carnitine Market, by Application

9.1.5.2          Canada: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)

9.1.5.2.1          Canada: L Carnitine Market, by Process

9.1.5.2.2          Canada: L Carnitine Market, by Product

9.1.5.2.3          Canada: L Carnitine Market, by Application

9.1.5.3          Mexico: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)

9.1.5.3.1          Mexico: L Carnitine Market, by Process

9.1.5.3.2          Mexico: L Carnitine Market, by Product

9.1.5.3.3          Mexico: L Carnitine Market, by Application

10.        Overview- Impact of COVID-19 outbreak

11.        Impact of COVID-19 Pandemic on North America  L-Carnitine Market

11.1      North America: Impact Assessment of COVID-19 Pandemic

12.        Company Profiles

12.1      Cayman Chemical

12.1.1     Key Facts

12.1.2     Business Description

12.1.2.1       Products and Services

12.1.3     Financial Overview

12.1.4     SWOT Analysis

12.2      MERCK KGaA

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Maxsun Industries Incorporated

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.4      Lonza Group Ltd

12.4.1     Key Facts

12.4.2     Business Description

12.4.2.1       Products and Services

12.4.3     Financial Overview

12.4.4     SWOT Analysis

12.4.5     Key Developments

12.5      Northeast Pharmaceutical Group Co., Ltd

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary

LIST OF TABLES

Table 1.             North America L Carnitine Market, by Process– Revenue and Forecast to 2027 (USD Mn)

Table 2.             North America L Carnitine Market, by Product– Revenue and Forecast to 2027 (USD Mn)

Table 3.             North America L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)

Table 4.             US L Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)

Table 5.             US L Carnitine Market, by Product– Revenue and Forecast to 2027 (USD Mn)

Table 6.             US L Carnitine Market, by Application– Revenue and Forecast to 2027 (USD Mn)

Table 7.             Canada L Carnitine Market, by Process– Revenue and Forecast to 2027 (USD Mn)

Table 8.             Canada L Carnitine Market, by Product – Revenue and Forecast to 2027 (USD Mn)

Table 9.             Canada L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)

Table 10.          Mexico L Carnitine Market, by Process– Revenue and Forecast to 2027 (USD Mn)

Table 11.          Mexico L Carnitine Market, by Process – Revenue and Forecast to 2027 (USD Mn)

Table 12.          Mexico L Carnitine Market, by Application – Revenue and Forecast to 2027 (USD Mn)

Table 13.          Glossary of Terms, North America L-Carnitine Market

 

LIST OF FIGURES

Figure 1.           North America L-Carnitine Market Segmentations

Figure 2.           North America L-Carnitine Market Segmentation – By Country

Figure 3.           North America L-Carnitine Market Overview

Figure 4.           Market Food Segment Held Larger Share of L-Carnitine Market in 2018

Figure 5.           US Dominated the North America L-Carnitine Market In 2018

Figure 6.           North America L-Carnitine Market, Industry Landscape

Figure 7.           North America– PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           North America L-Carnitine Market Impact Analysis of Driver and Restraints

Figure 10.        North America L-Carnitine Market Breakdown By Product, Value, 2018 & 2027 (%)

Figure 11.        North America L-Carnitine Market in Food Segment: Revenue and Forecasts to 2027

Figure 12.        North America L-Carnitine Market in Pharmaceutical Grade Segment: Revenue and Forecasts To 2027 (US$ Mn)

Figure 13.        North America L-Carnitine Market in Feed Grade Segment: Revenue and Forecasts To 2027 (US$ Mn)

Figure 14.        North America L-Carnitine Market Breakdown By Application, Value, 2018 & 2027 (%)

Figure 15.        North America L-Carnitine Market in Animal Feed Segment: Revenue and Forecasts To 2027 (US$ Mn)

Figure 16.        North America L-Carnitine Market in Healthcare Products Segment: Revenue and Forecasts To 2027 (US$ Mn)

Figure 17.        North America L-Carnitine Market in Functional Drinks Segment: Revenue and Forecast to 2027 (US$ Mn)

Figure 18.        North America L-Carnitine Market in Medicines Segment: Revenue and Forecast to 2027 (US$ Mn)

Figure 19.        L-Carnitine Breakdown, by Process, 2018 & 2027 (%)

Figure 20.        North America L-Carnitine Market in Chemical Synthesis Segment: Revenue and Forecast to 2027 (US$ Mn)

Figure 21.        North America L-Carnitine Market in Bioprocess Segment: Revenue and Forecast to 2027 (US$ Mn)

Figure 22.        North America: L Carnitine Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 23.        North America: L Carnitine Market Revenue Share, by Process (2018 and 2027)

Figure 24.        North America: L Carnitine Market Revenue Share, by Product (2018 and 2027)

Figure 25.        North America: L Carnitine Market Revenue Share, by Application (2018 and 2027)

Figure 26.        North America: L Carnitine Market Revenue Share, by Key Country (2018 and 2027)

Figure 27.        US: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)

Figure 28.        Canada: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)

Figure 29.        Mexico: L Carnitine Market –Revenue and Forecast to 2027 (US$ Mn)

Figure 30.        Impact of COVID-19 Pandemic in North American Country Markets

 

The List of Companies-North America L-Carnitine Market

  1. Maxsun Industries Incorporated
  2. Lonza Group Ltd
  3. Northeast Pharmaceutical Group Co.,Ltd
  4. Cayman Chemical
  5. MERCK KGaA
  • Highlights key business priorities to assist companies realign their business strategies.

  • Featureskey findings and crucial progressive industry trends in the North America L-Carnitine market, thereby allowing players to develop effective long-term strategies.

  • Develops/modifiesbusiness expansion plans by using substantial growth offering from developed and emerging markets.

  • Scrutinizes in-depth market trends as well as key market drivers and restraints.

  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
TIPRE00010853
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