Brazil L-carnitine Market Size & Outlook, 2020-2028
Brazil l-carnitine market, 2017-2028 (US$M)
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Brazil l-carnitine market highlights
- The Brazil l-carnitine market generated a revenue of USD 4.4 million in 2020 and is expected to reach USD 6.4 million by 2028.
- The Brazil market is expected to grow at a CAGR of 4.8% from 2021 to 2028.
- In terms of segment, bioprocess was the largest revenue generating process in 2020.
- Chemical Synthesis is the most lucrative process segment registering the fastest growth during the forecast period.
L-carnitine market data book summary
| Market revenue in 2020 | USD 4.4 million |
| Market revenue in 2028 | USD 6.4 million |
| Growth rate | 4.8% (CAGR from 2020 to 2028) |
| Largest segment | Bioprocess |
| Fastest growing segment | Chemical Synthesis |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chemical Synthesis, Bioprocess |
| Key market players worldwide | Lonza Group Ltd, Neogen Corp, WuXi Biologics (Cayman) Inc, Merck KGaA, Tokyo Chemical Industry, CEVA Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.4% of the global l-carnitine market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil l-carnitine market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 6.4 million by 2028.
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L-carnitine Market Scope
L-carnitine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil l-carnitine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to l-carnitine market will help companies and investors design strategic landscapes.
Bioprocess was the largest segment with a revenue share of 77.27% in 2020. Horizon Databook has segmented the Brazil l-carnitine market based on chemical synthesis, bioprocess covering the revenue growth of each sub-segment from 2017 to 2028.
Pharmaceutical industry in Brazil is expected to grow owing to the significant rise in healthcare expenditure. In addition, increase in the spending capacity of consumers coupled with the growing awareness about the importance of healthy life is likely to augment the growth of pharmaceutical industry. Rise in investments and the development of pharmaceutical industry are, in turn, likely to positively influence L-carnitine market.
Rising demand for meat, milk, and eggs is expected to drive animal feed industry in Brazil. The country ranks third across the globe in the production of feed due to the rising export opportunities in North America and Europe.
According to a report published by USDA Foreign Agricultural Service, as of April 9, 2019, the country ranked first in the export of beef across the globe. In addition, the report also forecasts an exponential growth in the pork and chicken meat production, which, in turn, is expected to propel the export.
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Our clientele includes a mix of l-carnitine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil l-carnitine market , including forecasts for subscribers. This country databook contains high-level insights into Brazil l-carnitine market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil l carnitine market size, by process, 2017-2028 (US$M)
Brazil L-carnitine Market Outlook Share, 2020 & 2028 (US$M)
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