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2022

Carnitine Supplements Market

Carnitine Supplements Market Size, Share, Competitive Landscape and Trend Analysis Report by Flavor, by Form, by End User, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2031

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Author's: Dinesh Thakur | Roshan Deshmukh
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Carnitine Supplements Market Research, 2031

The global carnitine supplements market size was valued at $194.5 million in 2021, and is projected to reach $316.5 million by 2031, growing at a CAGR of 5.1% from 2022 to 2031.

Carnitine Supplements Market

The carnitine supplements market is segmented into Flavor, Form, End User and Distribution Channel.

 

Carnitine is an amino acid that helps to transform fatty acids into energy in mammals. Carnitine supplements are extensively used in weight management as it burns fat faster, produces energy, and improves metabolism. This feature of the carnitine supplement is boosting its adoption among consumers as a sports nutrition, anti-aging, and infant nutrition supplement, globally. 

A significant rise in the prevalence of obesity and overweight excess weight gain across most of the developed and developing economies is significantly boosting the carnitine supplements market demand. According to an article by World Health Organization (WHO) in June 2021, “Obesity has reached epidemic proportions globally, with at least 2.8 million people dying each year as a result of being overweight or obese. Once associated with high-income countries, obesity is now also prevalent in low- and middle-income countries.”

The rising prevalence of overweight excess weight gain and obesity is expected to drive the global carnitine supplements market during the forecast period. Moreover, the rising health-consciousness among consumers, increasing desire for a healthy and active lifestyle, rising growing concerns among youngsters about their aesthetic appearances, and growing desire for a healthy and active lifestyle, and rising surging consumer expenditure towards health and wellness products and & services are the major factors that are expected to foster the carnitine supplements market growth in the forthcoming years.

Moreover, the changing food habits of consumers, easy access to processed junk foods, and a sedentary lifestyle have resulted in a spike in the cases of diabetes, obesity, overweight excess weight gain, and other chronic diseases at an alarming rate. There has been a rapid increase in health awareness among consumers and the rising inclination towards a healthy lifestyle coupled with the growing adoption of dietary supplements are anticipated to fuel the demand for carnitine supplements globally during the forecast period. 

Malnutrition among children is a serious concern in developing and underdeveloped economies. According to the U.S. National Library of Medicine, around 14.3 million children under the age of 5 years were severely malnourished in 2021. About two-thirds of them live in Asia. Malnutrition causes around 50% of the global deaths among children under 5 years of age. The lack of carnitine in children due to malnutrition may lead to weight gain in children with severe acute malnutrition. The developing nations are offering lucrative growth opportunities to the carnitine supplement manufacturers owing to the rising cases of deaths among children due to malnourishment.

Furthermore, the rising usage of carnitine supplements in various applications such as male fertility, sports nutrition, infant nutrition, pregnancy, and anti-aging is further fueling the adoption growth of the carnitine supplements market. The easy availability of carnitine supplements as an OTC (over-the-counter) product is significantly driving sales. Further, supplement manufacturers are now focusing on the development and offering of personalized supplements. Personalized supplements are developed and offered to consumers based on their requirements and nutritional needs. The demand for personalized supplements is gaining rapid traction among consumers, especially in developed economies like North America and Europe. The growing popularity of personalized supplements among consumers is positively impacting the market growth.

The carnitine supplements market is hindered by difficulties that manufacturers face during the manufacturing process. The extraction process of the carnitine ingredients that are required to make the supplements are complex, and the result of the extraction is a very minimal amount of the ingredient. The stability of the ingredient is also important, as many nutraceutical ingredients can be highly unstable and rapidly decompose under unfavorable conditions. Therefore, these ingredients need to be stored and handled carefully, which sometimes requires large amounts of investment in equipment. Furthermore, the manufacturing of nutraceuticals requires skilled labor, and due to the lack of availability of quality labor, the manufacturing process becomes difficult and slow. The complex process of manufacturing gives rise to the demand-supply gap, which directly hinders the market growth.

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 According to form, it is segmented into capsule, liquid, powder, tablet, and others. Depending on the end user, the market is categorized divided into men, women, and children. By distribution channel, the market is divided bifurcated 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).

Carnitine Supplements Market by Flavor

As per the carnitine supplements market forecast, by flavor, the berry segment dominated the market, garnering around 23.8% of the carnitine supplements market share in 2021. Berry is a well-liked fruit with nutritive qualities and health advantages, and production has gradually increased over the past few decades. Berry supports blood pressure control, cancer prevention, and HDL (good) cholesterol maintenance. Berries are abundant in vitamins, fiber, and polyphenols, which are powerful antioxidants. Customers like the berry's delicious and acidic flavors since it gives carnitine supplements a better taste. In order to give customers a unique experience, carnitine supplement makers experiment with the flavors to develop novel pairings that mix well with berries.

Carnitine Supplements Market by Form

According to the carnitine supplements market trends, based on the form, the liquid segment was the largest segment in 2021. Supplements in liquid form are more efficient than those in tablet or capsule form. Additionally, because the liquid carnitine supplements have palatable fruity aromas, they are simple to absorb. The major factors anticipated to drive the growth of liquid carnitine supplements during the forecast period include an increase in the population of health-conscious consumers globally, an increase in consumer spending on health and wellness, and an overall increase in the prevalence of obesity and overweight excess weight gain globally. The need for liquid carnitine supplements is anticipated to increase as childhood malnutrition instances rise. The World Health Organization (WHO) estimated that in 2016, malnutrition affected almost 155 million children under the age of five. Furthermore, the growing adoption of liquid carnitine supplements for infant nutrition is expected to exponentially boost the market growth during the forecast period.

Carnitine Supplements Market by End User

On the basis of end user, men is expected to be the fastest-growing segment during the forecast period. Carnitine supplement is particularly beneficial for controlling weight. Additionally, it is being utilized more frequently as a sports nutrition, which is anticipated to accelerate market growth in the near future. The market is expanding as a result of increased disposable income and an increase in the number of males participating in sports and fitness activities. The global demand for carnitine supplements is anticipated to increase as male infertility cases and the frequency of obesity and overweight excess weight gain among men is rising at an alarming rate. According to the World Health Organization (WHO), over 1.9 billion adults were overweight, out of which around 650 million were obese, in 2016. Obesity cases tripled across the globe between 1975 and 2016. The two main drivers that are anticipated to propel the expansion of this market during the forecast period are the public's growing health consciousness and awareness of availability of weight control supplements.

Carnitine Supplements Market by Distribution Channel

According to the carnitine supplements market trends, depending on the distribution channel, online is expected to be the fastest-growing distribution channel during the forecast period. The quick accessibility to carnitine supplements and advantages offered by the online portals, such as details about the functional characteristics of the products, offers, and usage instructions, are credited with the growth of the online sales channel. Additionally, the convenience of home delivery and time-saving features provided by online retailers to customers fuel industry expansion. Additionally, consumers are drawn to buy carnitine supplements online due to the expansion of online portals in both developed and developing countries, as well as the rise in the number of offers and discounts. Customers are drawn to buy carnitine supplements through online channels due to the expansion of various online portals in developing countries as well as the rise in offers and discounts. Moreover, online distribution channels have increased consumer reach, owing to which this segment has evolved as a key source of revenue for many companies. Furthermore, the online sales market is expected to expand, owing to rapid growth in the number of online stores and mobile users in emerging markets.

Carnitine Supplements Market by Region

Region-wise, North America dominated the global market in 2021. North America is witnessing a significant increase in the obese population and the onset of lifestyle-related illnesses as a result of rising disposable income, increasingly unhealthy diets, and access to a wide variety of processed and ready-to-eat foods. Given this, regularly ingesting products like enriched, improved, fortified, and enhanced foods along with nutrient-dense supplements as part of a varied diet may be healthy. Carnitine supplements have grown in popularity in North America as more people are becoming aware of their benefits for preserving physical and overall health. According to ProCon.org, in 2016, around 36.2% of the total population in the U.S., 29.4% in Canada, and 28.9% in Mexico were obese. All the nations in North America hold a position in the top obese nations globally. Carnitine supplements are very helpful in weight management, which is a major cause behind the rising demand for carnitine supplements in North America.

Asia-Pacific was the second-largest market in 2021 and is also estimated to be the fastest-growing market during the forecast period. Developing nations like India, China, Bangladesh, Indonesia, Vietnam, and the Philippines are expected to offer significant growth opportunities in the near future. The rising incidences of children malnutrition and growing cases of children mortality under 5 years of age due to malnourishment are expected to foster the demand for carnitine supplements during the forecast period in Asia-Pacific. Rising disposable income of consumers, changing lifestyles, unhealthy food habits, rising health consciousness, the presence of a huge young population, and rising growing consumer expenditure on wellness products are the major factors that are significantly driving the carnitine supplements market growth. 

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 industry 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 opportunity.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the carnitine supplements market size, segments, current trends, estimations, and dynamics of the carnitine supplements market analysis from 2021 to 2031 to identify the prevailing carnitine supplements market demand and opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the carnitine supplements market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global carnitine supplements industry.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global carnitine supplements market trends, key players, market segments, application areas, and market growth strategies.

Carnitine Supplements Market Report Highlights

Aspects Details
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Market Size By 2031

USD 316.5 million

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Growth Rate

CAGR of 5.1%

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Forecast period

2021 - 2031

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Report Pages

350

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By Flavor
  • Berry
  • Lemon/Citrus
  • Cherry
  • Mango
  • Pineapple
  • Others
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By Form
  • Capsule
  • Liquid
  • Powder
  • Tablet
  • Others
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By End User
  • Men
  • Women
  • Children
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By Distribution Channel
  • Offline
    • Sub Type
      • Supermarkets and hypermarkets
      • Specialty Stores
      • Pharmacy
      • Others
  • Online
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Key Market Players

Northeast Pharmaceutical Group Co., Ltd., GNC Holdings, LLC, Designs for Health, Inc., Lonza, aSquared Brands, LLC, Ceva Sante Animale, Advanced Orthomolecular Research, Glanbia PLC, Healthline Media, Inc., Scorpion Supplements, 1 Up Nutrition, now foods, Allmax Nutrition, Inc., Eat Me Supplements, eSupplements

Analyst Review

According to the top CXOs, the carnitine supplements industry is expected to be driven majorly by the growing demand for weight management solutions among the working men and women population across the globe. The sedentary lifestyle, rising consumption of processed food, lack of physical activities, and busy & hectic life schedule of the working population is one of the major factors that are significantly contributing to the rising obesity and overweight population, globally. The rise in health consciousness among the young population and growing consumer expenditure on improving physical appearances are the key factors that are expected to boost the demand for carnitine supplements in the foreseeable future. 

Moreover, the developed and developing nations are the major growth contributors. The healthcare costs are rising at a rapid pace and majority of the people completely depends on reimbursements for receiving treatment. In developing nations, the penetration of health insurances is comparatively very low and hence, consumers may opt for preventing different illnesses by adopting various supplements and other preventive measures. Carnitine supplement is a key tool for weight management, infant nutrition, and sports nutrition. The increasing awareness among the consumers regarding the various applications of carnitine supplements is expected to drive the growth of the carnitine supplements market in the forthcoming future.

Author Name(s) : Dinesh Thakur | Roshan Deshmukh
Frequently Asked Questions?

The global carnitine supplements market was valued at $194.5 million in 2021, and is projected to reach $316.5 million by 2031, registering a CAGR of 5.1% from 2022 to 2031. The rise in the prevalence of obesity and overweight in developed and developing economies is driving the demand for carnitine supplements.

The carnitine supplements market report is available on request on the website of Allied Market Research.

The forecast period considered in the global carnitine supplements market report is from 2022 to 2031. The report analyzes the market sizes from 2022 to 2031 along with the upcoming market trends and opportunities. The report also covers the key strategies adopted by the key players operating in the market.

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.

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).

Asia-Pacific was the second-largest market in 2021 and is also estimated to be the fastest-growing market during the forecast period. Developing nations like India, China, Bangladesh, Indonesia, Vietnam, and the Philippines are expected to offer significant growth opportunities in the near future. The rising incidences of children malnutrition and growing cases of children mortality under 5 years of age due to malnourishment are expected to foster the demand for carnitine supplements during the forecast period in Asia-Pacific.

Region-wise, North America dominated the global market in 2021. Carnitine supplements have grown in popularity in North America as more people are becoming aware of their benefits for preserving physical and overall health. According to ProCon.org, in 2016, around 36.2% of the total population in the U.S., 29.4% in Canada, and 28.9% in Mexico were obese. All the nations in North America hold a position in the top obese nations globally.

The increased health consciousness among the consumers owing to the rise in prevalence of various infectious diseases like COVID-19, is expected to boost the demand for the carnitine supplements across the globe. The rising consumer expenditure on health and wellness is a major factor that may positively influence the carnitine supplements market growth in the post-COVID period.

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Carnitine Supplements Market

Global Opportunity Analysis and Industry Forecast, 2021-2031