DUBLIN, Dec. 1, 2023 /PRNewswire/ — 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
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/15wnb5
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SOURCE Research and Markets