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Asia Pacific L-Carnitine Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Process ; Product ; Application

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Asia Pacific L-Carnitine Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Process ; Product ; Application
Published: May 12, 2020 Content info: 114 Pages
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Title:
Asia Pacific L-Carnitine Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Process (Chemical Synthesis, Bio-process); Product (Food Grade, Pharmaceutical Grade, Feed Grade); Application (Animal Feed, Healthcare Products, Functional Drinks, Medicines).

The Asia Pacific L-Carnitine market was valued at US$ 35.4 Mn in 2018 and is projected to reach US$ 55.1 Mn by 2027; it is expected to grow at a CAGR of 5.0% during the forecast period.

L-Carnitine is a naturally occurring compound in human and animal bodies; it plays an important role of shuttling fatty acids to and fro in the cells to produce energy. It is produced in the liver and kidneys. However, certain individuals are unable to produce or synthesize required amount of L-Carnitine owing to genetic conditions or defects. Such individuals suffer from primary and secondary L-Carnitine deficiency. The US Food and Drug Administration (FDA) has approved the use of oral and intravenous (IV) L-Carnitine for treating primary and secondary Carnitine deficiency. L-Carnitine is today commercially advertised as nutritional supplements to enhance exercise performance and promote weight loss. It is also approved to treat Carnitine deficiencies in patients at the end stage of renal diseases, undergoing hemodialysis. Besides its uses in human nutrition, L-Carnitine is also used as an additive in animal feed formulations. It is used in the poultry industry to increase egg production and improve egg hatchability.

On the basis of application, the L-Carnitine market is categorized into healthcare products, animal feed, functional drinks, and medicines. In 2018, the healthcare products segment accounted for the largest share of the Asia Pacific L-Carnitine market, whereas the functional drinks segment is expected to register the fastest CAGR during the forecast period. L-Carnitine is used in the production of healthcare products such as nutrient supplements and powder supplements for weight management, energy, and endurance. L-Carnitine is an appropriate supplement for athletes. Advanced Nutratech L-Carnitine unflavored raw powder is a healthcare product for vegetarians, which helps boost physical performance with zero sweetener content and zero additives. L-Carnitine supplements improve athletic performance, keep the heart healthy, and delay muscle fatigue. Also, various L-Carnitine sports supplements such as acetyl L-Carnitine are available in the market, which balance weight loss with muscle development. Many companies also provide L-Carnitine with green tea extracts in liquid form. There is an upsurge in the application of L-Carnitine in healthcare products owing to the various health benefits offered by L-Carnitine . Also, with the changing lifestyle and consumers becoming more concerned about fitness and health, the demand for L-Carnitine in healthcare products is expected to rise at an alarming rate in the coming years.

The Asia Pacific L-Carnitine market is sub segmented into China, Japan, India, Australia, South Korea, and Rest of Asia Pacific. China accounted for the largest share in the APAC L-Carnitine market. The market in China is characterized by the presence of many small and large-scale players. The country is home to the manufacturing and assembly units of a few major manufacturers of food & beverages, cosmetics, and personal care products. The rising production capacities of these companies are creating a strong demand for food supplements. Additionally, China has the largest population in APAC, and this leads to the growing demands for food and beverages, cosmetics, and personal care products, which, in turn, will lead to the growth of the L-Carnitine market in the country. The low manufacturing and capital costs in China attract new investments and better opportunities for the players operating in the food & beverages industry.

Cayman Chemical, ChengDaPharmaCeuticalsCo., Ltd, Alpsure Lifesciences Pvt. Ltd, Lonza Group Ltd, Maxsun Industries Incorporated, Ltd, Northeast Pharmaceutical Group Co., Ltd, Cayman Chemical, Merck KGaA, HuangGang HuaYang Pharmaceutical Co., Ltd, Kaiyuan and Hengtai Nutrition Co., Ltd., are among the major players in the Asia Pacific L-Carnitine market.

Impact of COVID-19 Pandemic on L-Carnitine Market

The recent COVID-19 outbreak began in Wuhan (China) in December 2019, and since then it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms confirmed cases and reported deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall dip in the global market due to COVID-19 is also affecting the growth of the L-Carnitine market due to factory shutdowns, supply chain discontinuation, and economic downturns.

The overall Asia Pacific L-Carnitine market size has been derived in accordance to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the L-Carnitine market.

Reasons to Buy

  • Highlights key business priorities to assist companies realign their business strategies.
  • Featureskey findings and crucial progressive industry trends in the Asia-Pacific L-Carnitine market, thereby allowing players to develop effective long-term strategies.
  • Develops/modifiesbusiness expansion plans by using substantial growth offering from developed and emerging markets.
  • Scrutinizes in-depth market trends as well askey market driversand restraints.
  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Table of Contents
Product Code: TIPRE00010852

TABLE OF CONTENTS

1. Introduction

  • 1.1 Scope of the Study
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 Asia-Pacific L-Carnitine Market - By Process
    • 1.3.2 Asia-Pacific L-Carnitine Market - By Product
    • 1.3.3 Asia-Pacific L-Carnitine Market - By Application
    • 1.3.4 Asia-Pacific L-Carnitine Market - By Country

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. L-Carnitine Market Landscape

  • 4.1 Market Overview
  • 4.2 PEST Analysis - Asia-Pacific
  • 4.3 Expert Opinions

5. L-Carnitine Market - Key Industry Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Growing Demand for L-Carnitine Supplements to Enable Efficient Conversion of Food into Energy
    • 5.1.2 Rising Demand for Personalized Nutrition, Heart Health, and Athletic Performance
  • 5.2 Market Restraints
    • 5.2.1 Adverse Effects of L-Carnitine
  • 5.3 Market Opportunities
    • 5.3.1 Burgeoning consumption of L-Carnitine Across Asia-Pacific
  • 5.4 Future Trends
    • 5.4.1 Growing Demand for L-Carnitine as Additive in Animal Feed
  • 5.5 Impact Analysis of Drivers and Restraints

6. Asia-Pacific L - Carnitine Market Analysis - By Product

  • 6.1 Overview
  • 6.2 Asia-Pacific L-Carnitine Market Breakdown, By Product, 2018 & 2027
  • 6.3 Food
    • 6.3.1 Overview
    • 6.3.2 Asia-Pacific L-Carnitine Market in Food Segment: Revenue and Forecasts to 2027 (US$ Mn)
  • 6.4 Pharmaceutical Grade
    • 6.4.1 Overview
    • 6.4.2 Asia-Pacific L-Carnitine Market in Pharmaceutical Grade Segment: Revenue and Forecasts to 2027 (US$ Mn)
  • 6.5 Feed Grade
    • 6.5.1 Overview
    • 6.5.2 Asia-Pacific L-Carnitine Market in Feed Grade Segment: Revenue Forecasts to 2027 (US$ Mn)

7. Asia-Pacific L-Carnitine Market Analysis - By Application

  • 7.1 Overview
  • 7.2 Asia-Pacific L-Carnitine Market Breakdown, By Application, 2018 & 2027
  • 7.3 Animal Feed
    • 7.3.1 Overview
    • 7.3.2 Asia-Pacific L-Carnitine Market in Animal Feed Segment: Revenue and Forecasts to 2027 (US$ Mn)
  • 7.4 Healthcare Products
    • 7.4.1 Overview
    • 7.4.2 Asia-Pacific L-Carnitine Market in Healthcare Products Segment: Revenue and Forecasts to 2027 (US$ Mn)
  • 7.5 Functional Drinks
    • 7.5.1 Overview
    • 7.5.2 Asia-Pacific L-Carnitine Market in Functional Drinks Segment: Revenue and Forecast to 2027 (US$ Mn)
  • 7.6 Medicines
    • 7.6.1 Overview
    • 7.6.2 Asia-Pacific L-Carnitine Market in Medicines Segment: Revenue and Forecast to 2027 (US$ Mn)

8. Carnitine Market Analysis - By Process

  • 8.1 Overview
  • 8.2 L-Carnitine Market, by Process, (2018 & 2027)
  • 8.3 Chemical Synthesis
    • 8.3.1 Overview
    • 8.3.2 Asia-Pacific L-Carnitine Market in Chemical Synthesis Segment: Revenue and Forecast to 2027 (US$ Mn)
  • 8.4 Bioprocess
    • 8.4.1 Overview
    • 8.4.2 Asia-Pacific L-Carnitine Market in Bioprocess Segment: Revenue and Forecast to 2027 (US$ Mn)

9. L-Carnitine- Asia-Pacific Market Analysis

  • 9.1 Asia-Pacific L-Carnitine Market Overview
    • 9.1.1 Asia Pacific: L Carnitine Market -Revenue and Forecast to 2027(US$ Mn)
    • 9.1.2 Asia Pacific: L Carnitine Market, by Process
    • 9.1.3 Asia Pacific: L Carnitine Market, by Product
    • 9.1.4 Asia Pacific: L Carnitine Market, by Application
    • 9.1.5 Asia Pacific: L Carnitine Market, by Key Country
      • 9.1.5.1 China: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
        • 9.1.5.1.1 China: L Carnitine Market, by Process
        • 9.1.5.1.2 China: L Carnitine Market, by Product
        • 9.1.5.1.3 China: L Carnitine Market, by Application
      • 9.1.5.2 Australia: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
        • 9.1.5.2.1 Australia: L Carnitine Market, by Process
        • 9.1.5.2.2 Australia: L Carnitine Market, by Product
        • 9.1.5.2.3 Australia: L Carnitine Market, by Application
      • 9.1.5.3 Japan: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
        • 9.1.5.3.1 Japan: L Carnitine Market, by Process
        • 9.1.5.3.2 Japan: L Carnitine Market, by Product
        • 9.1.5.3.3 Japan: L Carnitine Market, by Application
      • 9.1.5.4 India: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
        • 9.1.5.4.1 India: L Carnitine Market, by Process
        • 9.1.5.4.2 India: L Carnitine Market, by Product
        • 9.1.5.4.3 India: L Carnitine Market, by Application
      • 9.1.5.5 South Korea: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
        • 9.1.5.5.1 South Korea: L Carnitine Market, by Process
        • 9.1.5.5.2 South Korea: L Carnitine Market, by Product
        • 9.1.5.5.3 South Korea: L Carnitine Market, by Application
      • 9.1.5.6 Rest of Asia Pacific: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
        • 9.1.5.6.1 Rest of Asia Pacific: L Carnitine Market, by Process
        • 9.1.5.6.2 Rest of Asia Pacific: L Carnitine Market, by Product
        • 9.1.5.6.3 Rest of Asia Pacific: L Carnitine Market, by Application

10. Overview- Impact of Coronavirus outbreak

11. Impact of COVID-19 Pandemic on Asia-Pacific L-Carnitine Market

  • 11.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

12. Company Profiles

  • 12.1 Cayman Chemical
    • 12.1.1 Key Facts
    • 12.1.2 Business Description
    • 12.1.3 Products and Services
    • 12.1.4 Financial Overview
    • 12.1.5 SWOT Analysis
  • 12.2 MERCK KGaA
    • 12.2.1 Key Facts
    • 12.2.2 Business Description
    • 12.2.3 Products and Services
    • 12.2.4 Financial Overview
    • 12.2.5 SWOT Analysis
    • 12.2.6 Key Developments
  • 12.3 ChengDaPharmaCeuticals Co., Ltd
    • 12.3.1 Key Facts
    • 12.3.2 Business Description
    • 12.3.3 Products and Services
    • 12.3.4 Financial Overview
    • 12.3.5 SWOT Analysis
  • 12.4 Maxsun Industries Incorporated
    • 12.4.1 Key Facts
    • 12.4.2 Business Description
    • 12.4.3 Products and Services
    • 12.4.4 Financial Overview
    • 12.4.5 SWOT Analysis
  • 12.5 Lonza Group Ltd
    • 12.5.1 Key Facts
    • 12.5.2 Business Description
    • 12.5.3 Products and Services
    • 12.5.4 Financial Overview
    • 12.5.5 SWOT Analysis
    • 12.5.6 Key Developments
  • 12.6 Northeast Pharmaceutical Group Co., Ltd
    • 12.6.1 Key Facts
    • 12.6.2 Business Description
    • 12.6.3 Products and Services
    • 12.6.4 Financial Overview
    • 12.6.5 SWOT Analysis
  • 12.7 AlpsureLifesciencesPvt. Ltd.
    • 12.7.1 Key Facts
    • 12.7.2 Business Description
    • 12.7.3 Products And Services
    • 12.7.4 Financial Overview
    • 12.7.5 SWOT Analysis
  • 12.8 HuangGangHuaYang Pharmaceutical Co., Ltd
    • 12.8.1 Key Facts
    • 12.8.2 Business Description
    • 12.8.3 Products and Services
    • 12.8.4 Financial Overview
    • 12.8.5 SWOT Analysis
  • 12.9 KaiyuanHengtai Nutrition Co., Ltd.
    • 12.9.1 Key Facts
    • 12.9.2 Business Description
    • 12.9.3 Products and Services
    • 12.9.4 Financial Overview
    • 12.9.5 SWOT Analysis

13. Appendix

  • 13.1 About The Insight Partners
  • 13.2 Glossary

LIST OF TABLES

  • Table 1. Asia Pacific L Carnitine Market, by Process - Revenue and Forecast to 2027 (USD Mn)
  • Table 2. Asia Pacific L Carnitine Market, by Product- Revenue and Forecast to 2027 (USD Mn)
  • Table 3. Asia Pacific L Carnitine Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 4. China L Carnitine Market, by Process- Revenue and Forecast to 2027 (USD Mn)
  • Table 5. China L Carnitine Market, by Fiber Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 6. China L Carnitine Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 7. Australia L Carnitine Market, by Process- Revenue and Forecast to 2027 (USD Mn)
  • Table 8. Australia L Carnitine Market, by Fiber Type - Revenue and Forecast to 2027 (USD Mn)
  • Table 9. Australia L Carnitine Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 10. Japan L Carnitine Market, by Process- Revenue and Forecast to 2027 (USD Mn)
  • Table 11. Japan L Carnitine Market, by Product - Revenue and Forecast to 2027 (USD Mn)
  • Table 12. Japan L Carnitine Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 13. India L Carnitine Market, by Process- Revenue and Forecast to 2027 (USD Mn)
  • Table 14. India L Carnitine Market, by Product - Revenue and Forecast to 2027 (USD Mn)
  • Table 15. India L Carnitine Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 16. South Korea L Carnitine Market, by Process - Revenue and Forecast to 2027 (USD Mn)
  • Table 17. South Korea L Carnitine Market, by Product - Revenue and Forecast to 2027 (USD Mn)
  • Table 18. South Korea L Carnitine Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 19. Rest of Asia Pacific L Carnitine Market, by Process- Revenue and Forecast to 2027 (USD Mn)
  • Table 20. Rest of Asia Pacific L CarnitineMarket, by Product - Revenue and Forecast to 2027 (USD Mn)
  • Table 21. Rest of Asia Pacific L Carnitine Market, by Application - Revenue and Forecast to 2027 (USD Mn)
  • Table 22. Glossary of Terms, Asia-Pacific L-Carnitine Market

LIST OF FIGURES

  • Figure 1. Asia-Pacific L-Carnitine Market Segmentations
  • Figure 2. Asia-Pacific L-Carnitine Market Segmentation - By Country
  • Figure 3. Asia-Pacific L-Carnitine Market Overview
  • Figure 4. Food Segment Held Larger Share of L-Carnitine Market in 2018
  • Figure 5. China Dominated the Asia-Pacific L-Carnitine Market In 2018
  • Figure 6. Asia-Pacific L-Carnitine Market, Industry Landscape
  • Figure 7. Asia-Pacific- PEST Analysis
  • Figure 8. Expert Opinion
  • Figure 9. Asia-Pacific L-Carnitine Market Impact Analysis of Driver and Restraints
  • Figure 10. Asia-Pacific L-Carnitine Market Breakdown By Product, Value, 2018 & 2027 (%)
  • Figure 11. Asia-Pacific L-Carnitine Market in Food Segment: Revenue and Forecasts to 2027
  • Figure 12. Asia-Pacific L-Carnitine Market in Pharmaceutical Grade Segment: Revenue and Forecasts To 2027 (US$ Mn)
  • Figure 13. Asia-Pacific L-Carnitine Market in Feed Grade Segment: Revenue and Forecasts To 2027 (US$ Mn)
  • Figure 14. Asia-Pacific L-Carnitine Market Breakdown By Application, Value, 2018 & 2027 (%)
  • Figure 15. Asia-Pacific L-Carnitine Market in Animal Feed Segment: Revenue and Forecasts To 2027 (US$ Mn)
  • Figure 16. Asia-Pacific L-Carnitine Market in Healthcare Products Segment: Revenue and Forecasts To 2027 (US$ Mn)
  • Figure 17. Asia-Pacific L-Carnitine Market in Functional Drinks Segment: Revenue and Forecast to 2027 (US$ Mn)
  • Figure 18. Asia-Pacific L-Carnitine Market in Medicines Segment: Revenue and Forecast to 2027 (US$ Mn)
  • Figure 19. L-Carnitine Breakdown, by Process, 2018 & 2027 (%)
  • Figure 20. Asia-Pacific L-Carnitine Market in Chemical Synthesis Segment: Revenue and Forecast to 2027 (US$ Mn)
  • Figure 21. Asia-Pacific L-Carnitine Market in Bioprocess Segment: Revenue and Forecast to 2027 (US$ Mn)
  • Figure 22. Asia Pacific: L Carnitine Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 23. Asia Pacific: L Carnitine Market Revenue Share, by Process (2018 and 2027)
  • Figure 24. Asia Pacific: L Carnitine Market Revenue Share, by Product (2018 and 2027)
  • Figure 25. Asia Pacific: L Carnitine Market Revenue Share, by Application (2018 and 2027)
  • Figure 26. Asia Pacific: L Carnitine Market Revenue Share, by Key Country (2018 and 2027)
  • Figure 27. China: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 28. Australia: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 29. Japan: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 30. India: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 31. South Korea: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 32. Rest of Asia Pacific: L Carnitine Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 33. Impact of COVID-19 Pandemic In Asia Pacific Country Markets
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