Mexico L-carnitine Market Size & Outlook, 2020-2028
Mexico l-carnitine market, 2017-2028 (US$M)
Related Markets
Mexico l-carnitine market highlights
- The Mexico l-carnitine market generated a revenue of USD 4.8 million in 2020 and is expected to reach USD 7.0 million by 2028.
- The Mexico market is expected to grow at a CAGR of 4.8% 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 4.8 million |
| Market revenue in 2028 | USD 7.0 million |
| Growth rate | 4.8% (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, Mexico accounted for 2.6% 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 North America, U.S. l-carnitine market is projected to lead the regional market in terms of revenue in 2028.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 86.1 million by 2028.
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L-carnitine Market Scope
L-carnitine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 77.08% in 2020. Horizon Databook has segmented the Mexico l-carnitine market based on chemical synthesis, bioprocess covering the revenue growth of each sub-segment from 2017 to 2028.
According to data published by OECD, around 73% of the Mexican population was overweight or obese. The use of pharmaceuticals and supplements is increasing in the country to prevent the health issues related to obesity including diabetes, heart diseases, and high blood pressure.
The use of L-carnitine in pharmaceuticals helps to keep a check on the weight and prevents obesity-related health issues. The growing use of pharmaceuticals and supplements in Canada is expected to promote the growth of the Lcarnitine market.
Communication campaigns organized by the government and health institutes such as Obesity Prevention Campaign organized by the World Lung Foundation (WLF)/ The Union North America (UNA) to create awareness regarding the importance of a healthy lifestyle & habits have boosted the energy drinks and dietary supplement industry.
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Target buyers of Mexico 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 Mexico l-carnitine market , including forecasts for subscribers. This country databook contains high-level insights into Mexico l-carnitine market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico l carnitine market size, by process, 2017-2028 (US$M)
Mexico L-carnitine Market Outlook Share, 2020 & 2028 (US$M)
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