Global Feed Grade L-Carnitine Industry Report 2023-2030 - Rising Consumption of Poultry Meat Spurs Opportunities
Saturday, December 9, 2023
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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