The global market for L-carnitine is forecast to reach $127.7 million by the year 2017, driven primarily by the increasing demand for functional foods, health drinks, and cosmetic products with functional properties. Growth in the market is backed by increasing consumer drive towards weight management and well-being.
Owing to its less exposure in the market as compared to other nutrients, such as vitamins, probiotics, and omega-3 fatty acids, the popularity of L-carnitine is quite less that limits the reach of the nutrient. Even the marketing activities for L-carnitine remains very niche and focused mainly towards the business-to-business segment, through various forms of sales promotion activities such as trade shows, business newsletter, and clinical researches, among others. Moreover, health benefits of L-carnitine are not adequately promoted by manufacturers, particularly when compared with other health ingredients, such as creatine. Therefore, to expand the market for L-carnitine, companies need to speed up marketing and promotional efforts.Report Scope
This report analyzes the worldwide markets for L-Carnitine in US$ Thousand. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2008 through 2017.
The report profiles 56 companies including many key and niche players such as AIDP, Inc., Ajinomoto AminoScience, LLC, Alfa Aesar, Biosynth AG, Lonza Group Limited, Ningbo Honor Chemtech Co., Ltd., Northeast Pharmaceutical Group Co., Ltd., Qingdao FTZ United International Inc., Shenyang Koncepnutra Co., Ltd., Sigma-Tau Pharmaceuticals, Inc., Spectrum Chemicals & Laboratory Products, Inc., Wuhan Yuancheng Technology Development Co., Ltd., and Zhejiang Jiashan Chengda Pharm & Chem Co., Ltd. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain. Global Industry Analysts ©
Click for Report details:L-Carnitine: A Global Strategic Business Report