The Carnitine Supplements Market Size is valued at 202.52 billion in 2022 and is predicted to reach 362.49 billion by the year 2031 at a 6.87% CAGR during the forecast period for 2023-2031.
Carnitine is a dietary supplement manufactured from a naturally occurring derivative of an amino acid. It's a weight-loss supplement that may potentially have an impact on how the brain works. The human brain, liver, and kidneys all manufacture the L-carnitine chemical, which facilitates the body's process of turning fat into energy. Carnitine is used as a supplement by those whose bodies don't synthesize enough.
Additionally, the market for L-carnitine supplements is being propelled forward by patients' increased knowledge of the various diseases' treatments. The need for L-carnitine supplements is being boosted by unhealthy lifestyle choices, a growing senior population worldwide, and obesity-related illnesses like chronic fatigue, diabetes, and heart attacks. The increasing usage of L-carnitine supplements for post-exercise recovery, weight control, and healthy ageing is also driving the market ahead.
In addition, there are prospects in the market for L-carnitine supplements due to improved raw material manufacturing efficiency, low labour costs, and a shortage of manpower. Some potential and encouraging market trends for L-carnitine supplements are promoting market expansion. The market is home to some well-known companies that are vying with one another for greater sales and exposure.
The market for carnitine supplements is divided into segments based on flavour, form, end user, and distribution method. The market is divided into the berry, lemon/citrus, cherry, mango, pineapple, and other categories based on flavour. It is divided into the capsule, liquid, powder, tablet, and other forms according to form. The market is classified into three categories based on the end user: males, women, and children. The market is split into two segments based on the distribution channel: offline and online. Supermarkets, hypermarkets, specialty shops, pharmacies, and other establishments make up the offline distribution channel.
According to the market trends for carnitine supplements, the liquid segment was the biggest one in 2021. Liquid supplements are more effective than those that come in tablet or capsule form. The liquid carnitine supplements are also easy to digest because they contain delectable fruity scents. Expansion in the number of health-conscious consumers worldwide, an increase in consumer spending on health and wellness, and an overall rise in the prevalence of obesity and overweight, excess weight gain globally are the main factors anticipated to propel the growth of liquid carnitine supplements during the forecast period.
As cases of childhood malnutrition rise, there will likely be an increased requirement for liquid carnitine supplementation. According to the World Health Organization (WHO), malnutrition impacted over 155 million people in 2016 children under the age of five. Additionally, throughout the projected period, the market growth is anticipated to be significantly boosted by the increased use of liquid carnitine supplements for baby nutrition.
The fastest-growing distribution channel for carnitine supplements is anticipated to be online over the forecast period, according to market trends based on the distribution channel. The fast availability of carnitine supplements and benefits provided by online portals, such as information on the functional properties of the goods, offers, and usage instructions, is credited with the expansion of the online sales channel. Additionally, internet merchants' ease in offering customers home delivery and time-saving tools drives industry growth. Furthermore, the development of internet portals in both developed and developing nations and the rise in offers and discounts are luring customers to buy carnitine supplements online. Customers are lured into purchasing carnitine supplements via Internet channels because of the
North America's largest regional market for brain health supplements will hold a significant market in 2021. Growth in the market in North America is being driven by a strong desire to improve brain function among adults, a more substantial baby boomer generation, and easy access to high-quality goods. Besides, Asia Pacific is anticipated to see the highest growth throughout the course of the projection period due to its populous nations, expanding foreign investment working with local companies, economic development, and rising consumer awareness in the upper-middle income sector.
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 202.52 Mn |
|
Revenue forecast in 2031 |
USD 362.49 Mn |
|
Growth rate CAGR |
CAGR of 6.87 % from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Product And Application |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Biosint S.p.A., Cayman Chemical, ChengDa PharmaCeuticals Co., Ltd., Ceva, HuBeiYuancheng SaichuangTechnology Co., Ltd., Huanggang Huayang Pharmaceutical Co. Ltd., Kaiyuan Hengtai Nutrition Co., Ltd., Lonza, Merck KGaA, Northeast Pharmaceutical Group Co. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Carnitine Supplements Market Snapshot
Chapter 4. Global Carnitine Supplements Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Flavor Estimates & Trend Analysis
5.1. by Flavor & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Flavor:
5.2.1. Berry
5.2.2. Lemon/Citrus
5.2.3. Cherry
5.2.4. Mango
5.2.5. Pineapple
5.2.6. Others
Chapter 6. Market Segmentation 2: by Form Estimates & Trend Analysis
6.1. by Form & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Form:
6.2.1. Capsule
6.2.2. Liquid
6.2.3. Powder
6.2.4. Tablet
6.2.5. Others
Chapter 7. Market Segmentation 3: by End User Estimates & Trend Analysis
7.1. by End User& Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End User:
7.2.1. Men
7.2.2. Women
7.2.3. Children
Chapter 8. Market Segmentation 4: by Distribution Channel Estimates & Trend Analysis
8.1. by Distribution Channel & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Distribution Channel:
8.2.1. Offline
8.2.1.1. Supermarkets and hypermarkets
8.2.1.2. Specialty Stores
8.2.1.3. Pharmacy
8.2.1.4. Others
8.2.2. Online
Chapter 9. Carnitine Supplements Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Flavor, 2023-2031
9.1.2. North America Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Form, 2023-2031
9.1.3. North America Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by End User, 2023-2031
9.1.4. North America Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
9.1.5. North America Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
9.2. Europe
9.2.1. Europe Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Flavor, 2023-2031
9.2.2. Europe Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Form, 2023-2031
9.2.3. Europe Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by End User, 2023-2031
9.2.4. Europe Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
9.2.5. Europe Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
9.3. Asia Pacific
9.3.1. Asia Pacific Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Flavor, 2023-2031
9.3.2. Asia Pacific Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Form, 2023-2031
9.3.3. Asia-Pacific Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by End User, 2023-2031
9.3.4. Asia-Pacific Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
9.3.5. Asia Pacific Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
9.4. Latin America
9.4.1. Latin America Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Flavor, 2023-2031
9.4.2. Latin America Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Form, 2023-2031
9.4.3. Latin America Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by End User, 2023-2031
9.4.4. Latin America Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
9.4.5. Latin America Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
9.5. Middle East & Africa
9.5.1. Middle East & Africa Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Flavor, 2023-2031
9.5.2. Middle East & Africa Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Form, 2023-2031
9.5.3. Middle East & Africa Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by End User, 2023-2031
9.5.4. Middle East & Africa Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
9.5.5. Middle East & Africa Carnitine Supplements Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. 1 Up Nutrition
10.2.2. Advanced Orthomolecular Research
10.2.3. Allmax Nutrition, Inc.
10.2.4. aSquared Brands, LLC
10.2.5. Bee Health
10.2.6. Ceva Santé Animale S.A.
10.2.7. Designs for Health, Inc.
10.2.8. Eat Me Supplements
10.2.9. eSupplements LLC.
10.2.10. Glanbia PLC
10.2.11. GNC Holdings, LLC
10.2.12. Healthline Media, Inc.
10.2.13. Kabco Pharmaceuticals
10.2.14. Kaiyuan Hengtai Chemical Co., Ltd
10.2.15. Lamberts Healthcare
10.2.16. Lonza
10.2.17. Northeast Pharmaceutical Group Co., Ltd.
10.2.18. Now foods
10.2.19. Optimum Nutrition
10.2.20. Scorpion Supplements
10.2.21. Tokyo Chemical Industry Co., Ltd.
10.2.22. Other Prominent Players
Carnitine Supplements Market By Flavour
Carnitine Supplements Market By Form
Carnitine Supplements Market By End User
Carnitine Supplements Market By Distribution Channel
Carnitine Supplements Market By Region scope
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
