Global L-carnitine market is anticipated to witness growth on account of increasing fortification of functional foods in food & beverage industry. L-carnitine is increasingly used in health drinks, food supplements, and medicines on account of providing benefits in preventing cardiovascular and diabetic disorders. Food & beverage manufacturers have started to launch products such as health drinks, cereals and confectionaries fortified with L-carnitine and are expected to have a favourable impact on the market. Increasing consumption of soy based products by vegetarian population is expected to open new opportunities for L-carnitine market in the near future.
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Rising consumption of L-carnitine fortified products by fitness enthusiasts and weightlifters on account of their fat loss and muscle gain properties is foreseen to positively impact on market. Growing importance of L-carnitine intake in people with kidney and cardiovascular disease, male infertility issues and diabetes has resulted in increasing development of pharmaceutical drugs fortified with L-carnitine and likely to impact the market. Increasing concerns over valporic acid poisoning on account of intake of mood stabilizing and schizophrenia-curing drugs have resulted in increasing application of antidotes and is expected to have a favourable impact on the L-carnitine market over the forecast period.
Rising R&D expenditure has resulted in development of L-carnitine fortified medicines for treating brain disorders, ADHD, thyroid disorders and AIDs and is expected to have a positive impact on the L-carnitine market in the near future. Increasing demand for canine food in pet care industry on account of improving digestion and promoting muscle growth is anticipated to augment the market growth over the forecast period. Bovine feed industry growth in Asia Pacific in light of rising red meat consumption in China is expected to fuel L-carnitine market demand in the near future.
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Key players in the L-carnitine market include Ajinomoto Corp., Lonza Group, Ningbo Honor Chemtech, Alfa Aesar and Biosynth AG. In June 2011, Wellness Natural Pet Food launched Small Breed healthy Weight Recipe, an L-carnitine fortified pet food aimed at small breed dog owners. In June 2012, MRsupps.com launched new product, L-Tartrate (LCLT) which promotes muscle growth and has anti-oxidant properties, which is aimed for use among fitness enthusiasts and body builders.
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