Italy L-carnitine Market Size & Outlook, 2020-2028
Italy l-carnitine market, 2017-2028 (US$M)
Related Markets
Italy l-carnitine market highlights
- The Italy l-carnitine market generated a revenue of USD 3.9 million in 2020 and is expected to reach USD 5.6 million by 2028.
- The Italy market is expected to grow at a CAGR of 4.6% 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 3.9 million |
| Market revenue in 2028 | USD 5.6 million |
| Growth rate | 4.6% (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, Italy accounted for 2.1% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
L-carnitine Market Scope
L-carnitine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy 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 76.92% in 2020. Horizon Databook has segmented the Italy l-carnitine market based on chemical synthesis, bioprocess covering the revenue growth of each sub-segment from 2017 to 2028.
According to a report published by the Farmindustria in 2016, Italy ranked first amongst all EU countries in terms of pharma exports. In addition, growth in the employment rate coupled with the investments in research & development is expected to promote the growth of pharmaceutical industry over the forecast period.
This is likely to augment the growth of L-carnitine market growth in the coming years. Animal feed industry is expected to face challenges due to the declining number of cattle and pigs in the country, with nearly 2% decline in pork production from 2019 to 2020 all over Europe.
In addition, increase in the prices of raw materials required for animal feed further restricts the growth of animal feed industry. This, in turn, is anticipated to restrain the market growth over the forecast period.
Reasons to subscribe to Italy l-carnitine market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Italy l-carnitine market databook
-
Our clientele includes a mix of l-carnitine market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy l-carnitine market , including forecasts for subscribers. This country databook contains high-level insights into Italy l-carnitine market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Italy l carnitine market size, by process, 2017-2028 (US$M)
Italy L-carnitine Market Outlook Share, 2020 & 2028 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
