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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529978

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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529978

Carnitine Supplements Market, By Form, By Flavor Type (Berry, Lemon/Citrus, Cherry, and Others ), By Distribution Channel, By Geography

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The carnitine supplements market is estimated to be valued at USD 225.8 Mn in 2024 and is expected to reach USD 319.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.

Report Coverage Report Details
Base Year: 2023 Market Size in 2024: US$ 225.8 Mn
Historical Data for: 2019 to 2023 Forecast Period: 2024 to 2031
Forecast Period 2024 to 2031 CAGR: 5.10% 2031 Value Projection: US$ 319.8 Mn
Figure. Carnitine Supplements Market Share (%), By Region 2024
Carnitine Supplements Market - IMG1

Carnitine supplements refer to synthetic supplements of L-carnitine or acetyl-L-carnitine which are taken to increase carnitine levels in the body. Carnitine plays an important role in transporting fatty acids into the mitochondria where they are burned for energy. Due to its fat burning properties, carnitine supplements are popular among athletes and bodybuilders for enhancing physical performance and accelerating weight loss. It is also advocated for various health conditions like heart disease, diabetes and male infertility. However, the efficacy of carnitine supplements remains debatable with limited evidence from clinical research.

Market Dynamics:

The global carnitine supplements market is driven by increasing health consciousness among consumers and growing adoption of supplements for gym training and weight management. Rise in lifestyle diseases like obesity and associated health risks have fueled the demand for carnitine as a fat metabolizer. Continuous new product launches with innovative delivery systems and additional health benefits have boosted market revenues. However, lack of scientific consensus on the health benefits of carnitine intake could hamper market growth. Moreover, availability of alternative fat burning ingredients presents a challenge. Switching to herbal and plant-based supplements also provides an opportunity in the upcoming years.

Key Features of the Study:

  • This report provides in-depth analysis of the global carnitine supplements market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global carnitine supplements market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Scorpion Supplements, GNC Holdings, eSupplements, Now foods, Biosint S.p.A, Cayman Chemical, Ceva, Merck KGaA, Regeneron Pharmaceuticals, Lonza, Northeast Medicines Group Co., Ltd. (NEPG), Biosint S.p.A., Cayman Chemical, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Ceva, Kaiyuan Hengtai Nutrition Co., Ltd., ChengDa Mediciness Co., Ltd., Huanggang Huayang Medicines Co. Ltd., and HuBeiYuancheng Saichuang Technology Co.Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global carnitine supplements market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carnitine supplements market

Detailed Segmentation-

  • By Form:
    • Capsule
    • Liquid
    • Powder
  • By Flavor Type:
    • Berry
    • Lemon/Citrus
    • Cherry
    • Others (Mango, etc.)
  • By Distribution Channel:
    • Hypermarket/Supermarket
    • Specialty Stores
    • Pharmacy
    • Others
  • By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
  • Company Profiles:
    • Scorpion Supplements
    • GNC Holdings
    • eSupplements
    • Now foods
    • Biosint S.p.A
    • Cayman Chemical
    • Ceva
    • Merck KGaA
    • Regeneron Pharmaceuticals
    • Lonza
    • Northeast Medicines Group Co., Ltd. (NEPG)
    • Biosint S.p.A.
    • Cayman Chemical
    • Merck KGaA
    • Tokyo Chemical Industry Co., Ltd.
    • Ceva
    • Kaiyuan Hengtai Nutrition Co., Ltd.
    • ChengDa Mediciness Co., Ltd.
    • Huanggang Huayang Medicines Co. Ltd.
    • HuBeiYuancheng Saichuang Technology Co.Ltd.
Product Code: CMI7123

Table of Contents

1. Research Objectives and Assumptions

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Form
    • Market Snippet, By Flavor Type
    • Market Snippet, By Distribution Channel
    • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • PEST Analysis
    • PORTER's Five Forces Analysis
    • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Mergers and Acquisitions

4. Global Carnitine Supplements Market - Impact of Coronavirus (COVID-19) Pandemic

  • Overview
  • Factors Affecting the Global Carnitine Supplements Market
  • Impact Analysis

5. Global Carnitine Supplements Market, By Form, 2019-2031, (US$ Mn)

  • Introduction
    • Market Share Analysis, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Capsule
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
    • Segment Trends
  • Liquid
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
    • Segment Trends
  • Powder
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
    • Segment Trends

6. Global Carnitine Supplements Market, By Flavor Type, 2019-2031, (US$ Mn)

  • Introduction
    • Market Share Analysis, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Berry
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
    • Segment Trends
  • Lemon/Citrus
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
    • Segment Trends
  • Cherry
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
    • Segment Trends
  • Others (Mango, etc.)
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
    • Segment Trends

7. Global Carnitine Supplements Market, By Distribution Channel, 2019-2031, (US$ Mn)

  • Introduction
    • Market Share Analysis, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Hypermarket/Supermarket
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
    • Segment Trends
  • Specialty Stores
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
    • Segment Trends
  • Pharmacy
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
    • Segment Trends
  • Others
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
  • Segment Trends

8. Global Carnitine Supplements Market, By Region, 2019-2031, (US$ Mn)

  • Introduction
    • Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Region, 2020-2031
  • North America
    • Introduction
    • Market Size and Forecast, By Form, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Flavor Type, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn)
      • U.S.
      • Canada
  • Latin America
    • Introduction
    • Market Size and Forecast, By Form, 2019 - 2031, (US$ Mn))
    • Market Size and Forecast, By Flavor Type, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn)
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Europe
    • Introduction
    • Market Size and Forecast, By Form, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Flavor Type, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn)
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • Introduction
    • Market Size and Forecast, By Form, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Flavor Type, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn)
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Middle East & Africa
    • Introduction
    • Market Size and Forecast, By Form, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Flavor Type, 2019 - 2031 (US$ Mn)
    • Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Mn)
    • Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn)
      • GCC Countries
      • Israel
      • Rest of Middle East & Africa

9. Competitive Landscape

  • Market Share Analysis
  • Company Profiles
    • Scorpion Supplements
      • Company Overview
      • Form Portfolio
      • Recent Developments/Updates
    • GNC Holdings
    • eSupplements
    • Now foods
    • Biosint S.p.A
    • Cayman Chemical
    • Ceva
    • Merck KGaA
    • Regeneron Pharmaceuticals
    • Lonza
    • Northeast Medicines Group Co., Ltd. (NEPG)
    • Biosint S.p.A.
    • Cayman Chemical
    • Merck KGaA
    • Tokyo Chemical Industry Co., Ltd.
    • Ceva
    • Kaiyuan Hengtai Nutrition Co., Ltd.
    • ChengDa Mediciness Co., Ltd.
    • Huanggang Huayang Medicines Co. Ltd.
    • HuBeiYuancheng Saichuang Technology Co.Ltd.

10. Analyst Recommendations

  • Wheel of Fortune
  • Analyst View
  • Coherent Opportunity Map

11. Section

  • References
  • Research Methodology
  • About Us and Sales Contact
    • Browse 25 market data tables* and 20 figures* on "Global Carnitine Supplements Market" - Global forecast to 2031.
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