Global Feed Grade L-Carnitine Market: Market Driver and Restraint
Carnitine is a type of amino acid that benefits energy levels by transporting fatty acids into the mitochondria where they can be burned up and used as fuel. L-Carnitine has been widely used in the food and pharma industries in the past few years. Continuous researches have been conducted and shown that L-Carnitine also benefit animal greatly, which provide support for L-Carnitine development in animal feed industries.
However, higher price level compared with other feed additives, lack of knowledge on L-Carnitine, small supply in market, etc., such those factors are limiting the development of L-Carnitine in animal industry for the time being.
Global Feed Grade L-Carnitine Market: Key Takeaways
Global Feed Grade L-Carnitine Market: Forecast by Nature
Lonza’s positive research result of L-Carnitine on dogs as well as Japan MAFF’s defining L-Carnitine as a feed additive recently will stimulate the demand of fee grade L-Carnitine further. The market prospect of L-Carnitine is promising.
Global Feed Grade L-Carnitine Market: Forecast by Application
Feed grade L-carnitine is mainly used in the production of dry formulations as well as liquid formulations. Presently, demand from dry formulation feed accounts for the largest market share, which was 73.47% in 2017.
Global Feed Grade L-Carnitine Market: Forecast by Form
According to manufacturing process, L-carnitine can be got from Fermentation Method and Chemical Synthesis Method. For Fermentation Method, it is invented by Lonza and only the company adopts the method for the time being. L-Carnitine manufacturers in China produce the product through the chemical synthesis, using epichlorohydrin as raw materials. Fermentation Method owns more than 60% market share at the moment.
Global Feed Grade L-Carnitine Market: Forecast by Region
North America, Europe, Asia -Pacific, South America and Middle East & Africa are included in this report. Presently, North America, Europe and Asia-pacific are the key consumption region of feed grade L-Carnitine. In 2017, the three regions consumed 794 MT, 592 MT and 433 MT respectively.
Global Feed Grade L-Carnitine Market: Key Players
Lonza, Liaoning Koncepnutra, HuangGang HuaYang Pharmaceutical, Northeast Pharmaceutical, Kaiyuan Hengtai Chemical, Chengda Pharmaceuticals, Xinxiang Kangjian Chemical, Kangxin Chemical are the key vendors included in this report.
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