France L-carnitine Market Size & Outlook, 2020-2028
France l-carnitine market, 2017-2028 (US$M)
Related Markets
France l-carnitine market highlights
- The France l-carnitine market generated a revenue of USD 6.1 million in 2020 and is expected to reach USD 9.4 million by 2028.
- The France market is expected to grow at a CAGR of 5.6% 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 6.1 million |
| Market revenue in 2028 | USD 9.4 million |
| Growth rate | 5.6% (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, France accounted for 3.3% 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 Europe, Germany l-carnitine market is projected to lead the regional market in terms of revenue in 2028.
- France is the fastest growing regional market in Europe and is projected to reach USD 9.4 million by 2028.
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L-carnitine Market Scope
L-carnitine Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 77.05% in 2020. Horizon Databook has segmented the France l-carnitine market based on chemical synthesis, bioprocess covering the revenue growth of each sub-segment from 2017 to 2028.
Nutraceutical market in France is expected to grow owing to the shift of focus of the population from curative to preventive measures. In addition, growing awareness regarding the benefits of dietary supplements is likely to boost the growth of nutraceutical industry over the forecast period.
L-carnitine is used in supplements to prevent health issues related to the heart and brain. The growing percentage of population consuming supplements containing L-carnitine to prevent health hazards, including cardiovascular diseases & ailments, is projected to augment the growth of L-carnitine market over the forecast period.
Increasing innovations in animal feed industry are further likely to fuel the market growth. In addition, growing concerns related to animal health are expected to boost the demand for L-carnitine in animal feed, thereby propelling the market growth over the forecast period.
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Target buyers of France l-carnitine market databook
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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 France l-carnitine market , including forecasts for subscribers. This country databook contains high-level insights into France l-carnitine market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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France l carnitine market size, by process, 2017-2028 (US$M)
France L-carnitine Market Outlook Share, 2020 & 2028 (US$M)
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