Dublin, Dec. 01, 2023 (GLOBE NEWSWIRE) — The “Feed Grade L-Carnitine – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Feed Grade L-Carnitine Market to Reach $75 Million by 2030
The global market for Feed Grade L-Carnitine estimated at US$42.8 Million in the year 2022, is projected to reach a revised size of US$75 Million by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030. Fermentation, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$47.4 Million by the end of the analysis period. Growth in the Chemical Synthesis segment is estimated at 6.5% CAGR for the next 8-year period.
The global feed grade L-Carnitine market in 2022 was characterized by competitive dynamics among key competitors, with their respective market shares highlighted. Market presence ranged from strong to trivial for players worldwide. L-Carnitine’s application in poultry breeding was discussed, along with the significant impact of the COVID-19 pandemic and the looming global recession on the industry, particularly in terms of supply chain disruptions.
The report analyzed the pandemic’s effects on the feed grade L-Carnitine market and provided insights into its future growth prospects, with a focus on process and application segments, as well as recent market activities driving rapid growth.
The U.S. Market is Estimated at $8.3 Million, While China is Forecast to Grow at 8.6% CAGR
The Feed Grade L-Carnitine market in the U.S. is estimated at US$8.3 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$19.2 Million by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 6.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 301 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $42.8 Million |
| Forecasted Market Value (USD) by 2030 | $75 Million |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Rising Importance of L-carotinide in Animal Feed Drives Market Growth
- Global Feed Production Volume Breakdown by Country (in %) for 2020
- Global Feed Production Volume (in Million Metric Tons) by Species for 2020
- Favorable Animal Feeds Market Prospects Bode Well for Feed Grade-Carnitine Market
- Demand for Protein-Rich Diets Dictate Demand for L-Carnitide as Feed Additives
- Trends in Meat Production and Consumption Influence Growth Opportunities in Carotinide Market
- Global Meat Production in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
- Global Meat Consumption in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
- Changing Consumer Lifestyles and Growing Demand for Processed Meat
- Energy, Water, Protein and Fat Content for Meat & Eggs Vis-a-vis Grains, Fruits & Vegetables, and Beverages (per 100 grams)
- Rising Consumption of Poultry Meat Spurs Opportunities
- Global Chicken Meat Production in Thousand Metric Tons (Ready to Cook Equivalent) by Country/Region for 2017-2021
- Global Chicken Meat Consumption in Thousand Metric Tons (Ready to Cook Equivalent) by Country/Region for 2017-2021
- Pork Meat: A Major Market for Animal Feed Additives
- Global Pork Meat Production in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
- Global Pork Meat Consumption in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
- Beef & Veal: Demand Trends Support Growth in Feed Additives Market
- Global Production of Beef & Veal in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
- Global Consumption of Beef & Veal in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
- Macro Factors Influencing Trends in the Feed Grade-Carnitide Market
- Ballooning Global Population
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- Urbanization Trend
- World Urban Population in Thousands: 1950-2050P
- Expanding Middle Class Population
- Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
FOCUS ON SELECT PLAYERS(Total 22 Featured)
- Lonza Group Ltd.
- Northeast Pharmaceutical Group Co., Ltd. (NEPG)
- Kangcare Bioindustry Co., Ltd.
- Excellent Health Products Co.,Ltd.
- Fengchen Group Co., Ltd.
- Kaesler Nutrition GmbH
For more information about this report visit https://www.researchandmarkets.com/r/jpuur0
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- Feed Grade L-Carnitine Market
