L-carnitine, a specific kind of amino acid, is known to have significant health-related benefits that help to enhance overall quality of life. The substance allows the human body to utilize fats for energy generation instead of exhausting the more critical energy reserves of glycogen. Of late, the product is increasingly becoming an important constituent of various kinds of cosmetics, functional foods, health drinks, and other nutraceuticals. Besides health conscious customers, aging populace also form a key growth driver for L-carnitine market. Aging individuals are potential consumers of anti-aging food products and cosmetics and L-carnitine is considered as an important ingredient for formulating various kinds of anti-aging food products and cosmetics. However, notwithstanding the scientific benefits and properties offered by the product, the market for L-carnitine currently faces comparatively low awareness among consumers.
Owing to its less exposure in the market as compared to other nutrients, such as vitamins, probiotics, and omega-3 fatty acids, the popularity of L-carnitine is quite less that limits the reach of the nutrient. Even the marketing activities for L-carnitine remains very niche and focused mainly towards the business-to-business segment, through various forms of sales promotion activities such as trade shows, business newsletter, and clinical researches, among others. Moreover, health benefits of L-carnitine are not adequately promoted by manufacturers, particularly when compared with other health ingredients, such as creatine. Therefore, to expand the market for L-carnitine, companies need to speed up marketing and promotional efforts.
As stated by the new market research report on L-Carnitine, the US represents the largest regional market. Overall growth in the market is mainly stimulated by the growing demand in the weight loss dietary supplements sector. Asia-Pacific represents the fastest growing market with the prime growth engine being the Chinese L-carnitine market that continues to expand at a rapid pace owing to factors such as economical prices and superior quality. The European market scenario is predominately influenced by increased pressure from low-cost Chinese products. With Chinese companies increasingly entering the international market, competition is expected to intensify further.
Key participants profiled in the report include AIDP, Inc., Ajinomoto AminoScience, LLC, Alfa Aesar, Biosynth AG, Lonza Group Limited, Ningbo Honor Chemtech Co., Ltd., Qingdao FTZ United International Inc., Shenyang Koncepnutra Co., Ltd., Sigma-Tau Research, Inc., Spectrum Chemicals & Laboratory Products, Inc., and Zhejiang Jiashan Chengda Pharm & Chem Co., Ltd.
The research report titled “L-Carnitine: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for pglobal and regional markets by product segments including United States, Canada, Japan, Europe, Asia-Pacific and Rest of World.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.