PUBLISHER: Allied Market Research | PRODUCT CODE: 1225098
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225098
The global carnitine supplements market size was valued at $194.5 million in 2021, and is estimated to reach $316.5 million by 2031, registering a CAGR of 5.1% from 2022 to 2031.
Carnitine is an amino acid and carnitine supplements provides the essential and necessary amino acids that helps the consumers to burn fatty acids and help in weight management and other functions. Carnitine supplements market is expected to witness a significant growth during the forecast period on account of rising prevalence of obesity, excess weight gain, overweight, diabetes, and cardiovascular diseases. The rising growing awareness regarding the health benefits and availability of carnitine supplements among the consumers is expected to drive the growth of the global carnitine supplements market. The consumption of packaged and processed food has been constantly rising across developed and developing economies. This is resulting in obesity and weight gain and overweight at an alarming rate across the globe. The growing inclination of consumers towards healthy food is boosting the adoption of carnitine supplements. Moreover, the rising demand for carnitine supplements among the women population is significantly driving market growth across the globe.
Furthermore, a surge in the mortality rate in children under 5 years of age in developing nations is expected to boost the demand for carnitine supplements for infant nutrition. Apart from these, carnitine supplements are also used for various applications such as weight management, sports nutrition, pregnancy, and male fertility, which are expected to foster the growth of the market during the forecast period.
The presence of the young population in developing economies coupled with rising disposable income and their growing inclination towards sports and fitness activities are estimated to impact the growth of the carnitine supplements market significantly and positively in the near future. The desire to look healthy and presentable, rising popularity of body builders among the youngsters through social media, and rising increasing expenditure on fitness products are fueling the sales of carnitine supplements. The rising participation of individuals in sports is further fueling the demand for carnitine supplements as sports nutrition.
According to the carnitine supplements market analysis, the market is segmented on the basis of flavor, form, end user, distribution channel, and region. On the basis of flavor, the market is categorized into berry, lemon/citrus, cherry, mango, pineapple, and others. By form, it is segmented into capsule, liquid, powder, tablet, and others. Depending on the end user, the market is categorized into men, women, and children. By distribution channel, the market is divided into offline and online. The offline distribution channel is further categorized into supermarkets and hypermarkets, specialty stores, pharmacy, and others. Region- wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa).
Allmax Nutrition, Inc., aSquared Nutrition, Advanced Orthomolecular Research (AOR), Glanbia PLC, Now Foods, GNC Holdings, Sports Supplements Ltd., Scorpion Supplements, 1 Up Nutrition, Designs For Health, Lonza Group, eSupplements LLC., Eat Me Supplements, Northeast Pharmaceutical Group Co., Ltd., and Ceva Sante Animale are the major companies profiled in the carnitine supplements market report. These manufacturers are constantly engaged in various developmental strategies such as partnerships, mergers, acquisitions, and new product launches to gain a competitive edge and exploit the prevailing carnitine supplements market
Key Benefits For Stakeholders
By Flavor
By Form
By End User
By Distribution Channel
By Region