Global Feed Grade L-Carnitine Industry Report 2023-2030 – Rising Consumption of Poultry Meat Spurs Opportunities

DUBLIN, Dec. 1, 2023 /PRNewswire/ — The “Feed Grade L-Carnitine – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

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Global Feed Grade L-Carnitine Market to Reach $75 Million by 2030



The global market for Feed Grade L-Carnitine estimated at US$42.8 Million in the year 2022, is projected to reach a revised size of US$75 Million by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030. Fermentation, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$47.4 Million by the end of the analysis period. Growth in the Chemical Synthesis segment is estimated at 6.5% CAGR for the next 8-year period.



The global feed grade L-Carnitine market in 2022 was characterized by competitive dynamics among key competitors, with their respective market shares highlighted. Market presence ranged from strong to trivial for players worldwide. L-Carnitine’s application in poultry breeding was discussed, along with the significant impact of the COVID-19 pandemic and the looming global recession on the industry, particularly in terms of supply chain disruptions.

The report analyzed the pandemic’s effects on the feed grade L-Carnitine market and provided insights into its future growth prospects, with a focus on process and application segments, as well as recent market activities driving rapid growth. 



The U.S. Market is Estimated at $8.3 Million, While China is Forecast to Grow at 8.6% CAGR



The Feed Grade L-Carnitine market in the U.S. is estimated at US$8.3 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$19.2 Million by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 6.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.



What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

  • Rising Importance of L-carotinide in Animal Feed Drives Market Growth
  • Global Feed Production Volume Breakdown by Country (in %) for 2020
  • Global Feed Production Volume (in Million Metric Tons) by Species for 2020
  • Favorable Animal Feeds Market Prospects Bode Well for Feed Grade-Carnitine Market
  • Demand for Protein-Rich Diets Dictate Demand for L-Carnitide as Feed Additives
  • Trends in Meat Production and Consumption Influence Growth Opportunities in Carotinide Market
  • Global Meat Production in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
  • Global Meat Consumption in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
  • Changing Consumer Lifestyles and Growing Demand for Processed Meat
  • Energy, Water, Protein and Fat Content for Meat & Eggs Vis-a-vis Grains, Fruits & Vegetables, and Beverages (per 100 grams)
  • Rising Consumption of Poultry Meat Spurs Opportunities
  • Global Chicken Meat Production in Thousand Metric Tons (Ready to Cook Equivalent) by Country/Region for 2017-2021
  • Global Chicken Meat Consumption in Thousand Metric Tons (Ready to Cook Equivalent) by Country/Region for 2017-2021
  • Pork Meat: A Major Market for Animal Feed Additives
  • Global Pork Meat Production in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
  • Global Pork Meat Consumption in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
  • Beef & Veal: Demand Trends Support Growth in Feed Additives Market
  • Global Production of Beef & Veal in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
  • Global Consumption of Beef & Veal in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
  • Macro Factors Influencing Trends in the Feed Grade-Carnitide Market
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Urbanization Trend
  • World Urban Population in Thousands: 1950-2050P
  • Expanding Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030

FOCUS ON SELECT PLAYERS (Total 22 Featured)

  • Lonza Group Ltd.
  • Northeast Pharmaceutical Group Co., Ltd. (NEPG)
  • Kangcare Bioindustry Co., Ltd.
  • Excellent Health Products Co.,Ltd.
  • Fengchen Group Co., Ltd.
  • Kaesler Nutrition GmbH

For more information about this report visit https://www.researchandmarkets.com/r/15wnb5

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