Market Overview:
The global L-Carnitine products market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about the benefits of L-Carnitine products, increasing demand for weight management supplements, and growing trend of online shopping. However, stringent regulatory norms and high cost associated with R&D are some of the major factors that are restraining the growth of this market. On the basis of type, tablets account for a majority share in terms of revenue in this market followed by gummy, capsule, powder and other types respectively. On account on application wise; online shopping accounts for a majority share in terms o revenue followed by retailer and supermarket segments respectively.
Product Definition:
L-Carnitine is a nutrient that is essential for the body to produce energy. It helps the body turn fat into energy. L-Carnitine products are used to improve athletic performance and help with weight loss.
Tablet:
Tablet is a portable device or an electronic component which is used for storing information and data. It can be classified as a computer hardware component, software application, and an electronic device. The first tablet was launched by IBM in April 2000. Since then the market has witnessed tremendous growth owing to its varied applications such as education, healthcare & life sciences, business & personal productivity etc.
Gummy:
Gummy is a form of dietary fiber that helps improve weight loss and control blood sugar levels. It also has prebiotic properties, which help in improving the digestive health by enhancing the good bacteria in the gut. The product is available as both soluble and insoluble forms; however, it is mostly used in its gummy form due to its easy handling and consumption procedure.
Application Insights:
The other application segment accounted for the largest share in 2015 and is expected to witness significant growth over the forecast period. Furthermore, it plays a vital role in maintaining energy levels during training sessions and competitions. This supplement has gained immense popularity among athletes across all age groups due to its ability to promote lean muscle growth while reducing body fat percentage significantly without any negative side effects.
Online shopping led the global market accounting for more than 55% of revenue share in 2015 owing to increased purchasing power coupled with low price competition among retailers worldwide on one hand and high availability of payment options on a global level on the other hand have contributed largely towards industry growth over the past few years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to high consumer awareness regarding health and fitness, along with a strong preference for dietary supplements. Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 due to rising disposable income levels, improving lifestyle habits, increasing internet penetration and growing retail industry in developing economies including China and India. Moreover, factors such as changing food preferences of consumers coupled with an increase in online shopping are anticipated favorably impact regional growth over the forecast period.
Growth Factors:
- Increasing awareness about the health benefits of L-Carnitine products is expected to drive the market growth.
- Rising demand for weight management and fitness supplements is anticipated to boost the L-Carnitine Products market growth.
- Growing popularity of energy drinks is projected to create lucrative opportunities for the L-Carnitine Products market in near future.
- Increasing number of research studies on potential health benefits associated with L-Carnitine products is likely to propel the demand for these products in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
L-Carnitine Products Market Research Report
By Type
Tablet, Gummy, Capsule, Powder, Other
By Application
Online Shopping, Retailer, Supermarket, Other
By Companies
Unilever United States, MuscleTech, Now Foods, Doctor's Best, Life Extension, Sundown Naturals, SMPNutra, Nutrex Research, FitLife Brands, Body Science Supplements, IronMaxx Nutrition, GNC Livewell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global L-Carnitine Products Market Report Segments:
The global L-Carnitine Products market is segmented on the basis of:
Types
Tablet, Gummy, Capsule, Powder, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Shopping, Retailer, Supermarket, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Unilever United States
- MuscleTech
- Now Foods
- Doctor's Best
- Life Extension
- Sundown Naturals
- SMPNutra
- Nutrex Research
- FitLife Brands
- Body Science Supplements
- IronMaxx Nutrition
- GNC Livewell
Highlights of The L-Carnitine Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tablet
- Gummy
- Capsule
- Powder
- Other
- By Application:
- Online Shopping
- Retailer
- Supermarket
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the L-Carnitine Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
L-Carnitine is a nutrient found in red meat, poultry, and fish. It helps the body convert food into energy.
Some of the key players operating in the l-carnitine products market are Unilever United States, MuscleTech, Now Foods, Doctor's Best, Life Extension, Sundown Naturals, SMPNutra, Nutrex Research, FitLife Brands, Body Science Supplements, IronMaxx Nutrition, GNC Livewell.
The l-carnitine products market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 L-Carnitine Products Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 L-Carnitine Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 L-Carnitine Products Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the L-Carnitine Products Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global L-Carnitine Products Market Size & Forecast, 2020-2028
4.5.1 L-Carnitine Products Market Size and Y-o-Y Growth
4.5.2 L-Carnitine Products Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Tablet
5.2.2 Gummy
5.2.3 Capsule
5.2.4 Powder
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online Shopping
6.2.2 Retailer
6.2.3 Supermarket
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global L-Carnitine Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 L-Carnitine Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Tablet
9.6.2 Gummy
9.6.3 Capsule
9.6.4 Powder
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online Shopping
9.10.2 Retailer
9.10.3 Supermarket
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Tablet
10.6.2 Gummy
10.6.3 Capsule
10.6.4 Powder
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online Shopping
10.10.2 Retailer
10.10.3 Supermarket
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Tablet
11.6.2 Gummy
11.6.3 Capsule
11.6.4 Powder
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online Shopping
11.10.2 Retailer
11.10.3 Supermarket
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Tablet
12.6.2 Gummy
12.6.3 Capsule
12.6.4 Powder
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online Shopping
12.10.2 Retailer
12.10.3 Supermarket
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Tablet
13.6.2 Gummy
13.6.3 Capsule
13.6.4 Powder
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online Shopping
13.10.2 Retailer
13.10.3 Supermarket
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 L-Carnitine Products Market: Competitive Dashboard
14.2 Global L-Carnitine Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Unilever United States
14.3.2 MuscleTech
14.3.3 Now Foods
14.3.4 Doctor's Best
14.3.5 Life Extension
14.3.6 Sundown Naturals
14.3.7 SMPNutra
14.3.8 Nutrex Research
14.3.9 FitLife Brands
14.3.10 Body Science Supplements
14.3.11 IronMaxx Nutrition
14.3.12 GNC Livewell
