Middle East & Africa L-carnitine Market Size & Outlook
Middle East & Africa l-carnitine market, 2017-2028 (US$M)
Related Markets
MEA l-carnitine market highlights
- The MEA l-carnitine market generated a revenue of USD 6.3 million in 2020.
- The market is expected to grow at a CAGR of 4.3% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2021 to 2028.
MEA data book summary
| Market revenue in 2020 | USD 6.3 million |
| Market revenue in 2028 | USD 8.8 million |
| Growth rate | 4.3% (CAGR from 2020 to 2028) |
| Largest segment | Bioprocess |
| Fastest growing segment | Bioprocess |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, MEA region accounted for 3.4% of the global l-carnitine market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 69.3 million by 2028.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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L-carnitine Market Scope
L-carnitine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 76.19% in 2020. Horizon Databook has segmented the Middle East & Africa l-carnitine market based on chemical synthesis, bioprocess covering the revenue growth of each sub-segment from 2017 to 2028.
Pharmaceutical industry in the Middle East & Africa is expected to grow owing to rising number of health issues caused by a sedentary lifestyle, such as obesity, diabetes, thyroid, and heart disorders. In addition, the establishment of supervising authority for medicines and drugs market in South Africa that is expected to boost the production and sale of pharmaceuticals in the country, thereby promoting the L-carnitine market growth in Middle East & Africa.
Factors such as low cost of raw materials and production process are expected to drive animal feed industry in South Africa. In addition, increase in the number of Muslim devotees in Saudi Arabia to visit their holy place is expected to boost the consumption of meat in the country.
The growth of animal feed industry in the region, owing to the aforementioned factors, is projected to fuel the market growth. The campaigns carried out in the region to spread awareness about obesity and related health issues are expected to encourage the population to involve in physical activities to stay healthy. This, in turn, is anticipated to augment the sale of energy drinks containing L-carnitine.
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Target buyers of Middle East & Africa 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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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 continent-level data and insights on the Middle East & Africa l-carnitine market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa l-carnitine market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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MEA l carnitine market size, by country, 2017-2028 (US$M)
Middle East & Africa L-carnitine Market Outlook Share, 2020 & 2028 (US$M)
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