Germany L-carnitine Market Size & Outlook, 2020-2028
Germany l-carnitine market, 2017-2028 (US$M)
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Germany l-carnitine market highlights
- The Germany l-carnitine market generated a revenue of USD 13.7 million in 2020 and is expected to reach USD 20.2 million by 2028.
- The Germany market is expected to grow at a CAGR of 5% from 2021 to 2028.
- In terms of segment, bioprocess was the largest revenue generating process in 2020.
- Bioprocess 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 13.7 million |
| Market revenue in 2028 | USD 20.2 million |
| Growth rate | 5% (CAGR from 2020 to 2028) |
| Largest segment | Bioprocess |
| Fastest growing segment | Bioprocess |
| 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, Germany accounted for 7.4% 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 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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Germany 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 76.64% in 2020. Horizon Databook has segmented the Germany l-carnitine market based on chemical synthesis, bioprocess covering the revenue growth of each sub-segment from 2017 to 2028.
Germany’s pharmaceutical industry ranks fourth across the globe. The rising spending power of the country is likely to boost pharmaceutical industry. The growing aging population is further expected to promote the demand for medicines to cure various diseases related to old age including diabetes, blood pressure, and heart diseases.
Growth in pharmaceutical industry in Germany is anticipated to propel the demand for L-carnitine in the production of medicines over the forecast period. Animal feed industry in Germany is driven by the increased consumption of meat and meat products in the country.
L-carnitine is used in animal feed to promote the growth and reproductive performance of domestic animals. Growing awareness regarding the benefits of the use of L-carnitine in animal feed is anticipated to augment the market growth over the forecast period.
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Target buyers of Germany 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 Germany l-carnitine market , including forecasts for subscribers. This country databook contains high-level insights into Germany l-carnitine market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Germany l carnitine market size, by process, 2017-2028 (US$M)
Germany L-carnitine Market Outlook Share, 2020 & 2028 (US$M)
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