L-carnitine is a white crystalline, hygroscopic (moisture-retaining) powder. It is an amino acid (a building block for proteins) that is naturally produced in the body, which plays a vital role in the metabolism of fat. It functions as a transporter of fatty acids into the mitochondria, the metabolic furnace of the cell.
Currently, some companies in the world can produce L-carnitine product, mainly concentrating in China. The main market players are Lonza Group, Northeast Pharmaceutical, Hengtai Chemical, Chengda Pharmaceutical, etc. The production of L-carnitine increased from 6200 MT in 2011 to 9400 MT in 2015, with an average growth rate of 4.46%. Global L-carnitine capacity utilization rate remained at around 71.41% in 2015.

Market Analysis and Insights: Global L-carnitine Market
The global L-carnitine market size is projected to reach US$ 338.5 million by 2026, from US$ 300.6 million in 2020, at a CAGR of 2.0% during 2021-2026.

Global L-carnitine Scope and Market Size
The global L-carnitine market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global L-carnitine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.

Segment by Type, the L-carnitine market is segmented into
L-Carnitine Food Grade
L-Carnitine Feed Grade
L-Carnitine Pharmaceutical Grade

Segment by Application, the L-carnitine market is segmented into
Animal Food
Health Care Products
Functional Drinks
Medicine
Others

The L-carnitine market is analysed and market size information is provided by regions (countries). Segment by Application, the L-carnitine market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape

and L-carnitine Market Share Analysis
L-carnitine market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in L-carnitine business, the date to enter into the L-carnitine market, L-carnitine product introduction, recent developments, etc.

The major vendors covered:
Lonza Group
Northeast Pharmaceutical
Hengtai Chemical
Chengda Pharmaceutical
Koncepnutra
HuaYang
Biosint
Hongjing Chemical
KangXin Chemical
Kangjian Chemical
AIDP