Japan L-carnitine Market Size & Outlook, 2020-2028
Japan l-carnitine market, 2017-2028 (US$M)
Related Markets
Japan l-carnitine market highlights
- The Japan l-carnitine market generated a revenue of USD 6.5 million in 2020 and is expected to reach USD 10.0 million by 2028.
- The Japan market is expected to grow at a CAGR of 5.5% 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 6.5 million |
| Market revenue in 2028 | USD 10.0 million |
| Growth rate | 5.5% (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, Japan accounted for 3.5% 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 Asia Pacific, China l-carnitine market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 11.6 million by 2028.
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L-carnitine Market Scope
L-carnitine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 Japan l-carnitine market based on chemical synthesis, bioprocess covering the revenue growth of each sub-segment from 2017 to 2028.
Japan has a sophisticated, mature, and growing market, where consumers are among the most healthconscious and educated in Asia. The Japanese consumers emphasize high-quality, better tasting, safe, innovative, and natural products.
Japan exhibits the highest life expectancy in the world and consumers are attracted toward products that can provide support, relief, and enhancement of their health. This offers a huge growth opportunity to the L-carnitine market in the country over the forecast period.
In Japan, consumption of food & beverages is influenced by high levels of product innovation, safety, and research of new organic products. In addition, the country is witnessing growing health concerns pertaining to the adoption of long office hours, unbalanced western diet, and an aging society, wherein individuals prefer to remain in good shape as long as possible.
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Target buyers of Japan 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan l-carnitine market , including forecasts for subscribers. This country databook contains high-level insights into Japan l-carnitine market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Japan l carnitine market size, by process, 2017-2028 (US$M)
Japan L-carnitine Market Outlook Share, 2020 & 2028 (US$M)
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