Carnitine Prices

Carnitine Prices December 2023

China faced a significant rise in input prices due to an increase in orders from its domestic market and the consequent surge in the demand. Intra-annual comparison of prices to the first quarter of the last year demonstrated the magnitude of the increase which was about -23%. This change can be largely commensurate with the easing up of the market conditions as well as the rise of the consumer demand. Besides that, there was a particular quarterly price growth of 72% which reflected a dynamic market and high desirability of such real estate. In the quarter, however, the price movements also showed the market’s volatility as the price went up from 69% to the second half than in the first half of the period.

By the end of the quarter, Carnitine prices in China reached USD 20,105/MT FOB Shanghai, caused mainly by expanding demand with both domestic and inshore markets plus non-expansive supply state. On par with automation in the APAC region, the market of the carnitine showed a healthy trend with rising demand stimulated by optimistic market conditions.

Carnitine Price Trend, Market Analysis, and News

IMARC's latest publication, “Carnitine Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the carnitine market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of carnitine at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed carnitine price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting carnitine pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Carnitine Market Analysis

The global carnitine market size reached US$ 286.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 530.6 Billion, at a projected CAGR of 7.10% during 2023-2032.

• The government's decision to focus on public health awareness has resulted in a rapid increase in the number of people that are aware of the health benefits of carnitine. As per the data released by the National Health Commission, these campaigns had a 15% increase in public awareness over the past year. As more and more people become aware of the role of carnitine in metabolism and energy production, the need for carnitine supplements begins to increase. This increased consciousness can be felt by consumers who are opting for Carnitine products more actively to fulfill their health and fitness objectives.
• The information from the government suggests a significant rise in the number of gym memberships and involvement in fitness activities nationally. According to the Ministry of Sports, the country experiences a 20% growth in gym memberships nationwide, which demonstrates an increase in the number of people interested in physical fitness and exercise. With the growth of the population's engagement in daily exercises and effective workout schedules, there is a subsequent rise in the demand for supplements like carnitine, which are known for their ability to advance workout performance and promote weight management objectives. This trend shows the strong correlation which is evident between the fitness trends on the rise and the demand for carnitine products among fitness fanatics.
• Demographic trends suggest an aging population, or older adults pay more attention to their health and wellness. The statistics from the Ministry of Health indicate a gradual growth in the elderly population over the past several years. As people grow older, there is an increased interest in maintaining health and staying vigorous, and this leads to people buying supplements like carnitine, which is renowned for its potential anti-aging benefits. As per the reports of the Ministry of Health on an Annual basis conducts comprehensive health survey indicating a 25% increase in consumption of carnitine dietary supplements among adults aged 65 and above which reveals the emergence of active health management and adoption of preventive health measures by the elderly demographic.

Carnitine News

The report covers the latest developments, updates, and trends impacting the price of carnitine, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the carnitine price trend.

Latest developments in the carnitine industry:

• In February 2022, Applied Nutrition Ltd. (UK) introduced a sports drink with L-carnitine. By this move, the company continues to extend their Ready to Drink (RTD) product line with Carni-Tone, which is the first flavored drinking water in the market ever. The having started since the beginning of last year of the company's first L-Carnitine RTD beverage (a material that improves energy metabolism) has been developing.
• In September 2022, Alfasigma Group repositions its CARNITENE (L-carnitine) business in the Chinese market for improving its awareness in­ market and satisfying the changing public needs. With this step, the company underlines its focus on flexibility and ability to react quickly to events in the market. Through Alfasigma’s knowledge and capabilities, the company has the advantage of mining new opportunities and having a leadership role in the market. The decision of the company to repack CARNITENE® displays the company's capacity to respond to market dynamics and the high level of commitment of the company to present quality products that conform to the local needs. This strategic reorientation coordinates the corporate expansion and innovation strategies and establishes its position as one of the fastest-growing markets globally.

Product Description

Carnitine a natural compound occurring in the body of a human being happens to be synthesized from amino acids namely, lysine and methionine. It is a part of energy metabolism that helps in the transportation of fatty acids into mitochondria by which they are oxidized, and further energy is obtained. Moreover, carnitine conducts the task of removing the improper products of metabolism from cells which consequently leads to better cellular health.

Commercially, Carnitine is synthesized chemically or extracted from natural sources. Animal tissues, and particularly red meat, are the main sources of carnitine extraction. It can be either from natural sources or synthetic resources to satisfy industrial demand.

Carnitine supplements are very popular for many reasons, including increasing athletic performance, boosting fat burning leading to weight loss as well as relieving angina and peripheral artery. The multiple functions of carnitine such as its usage in the treatment of carnitine deficiency disorders and composition in infant formulas to mimic the nutritional composition of breast milk are also considered.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the carnitine price trend.

Global Carnitine Price

The report offers a holistic view of the global carnitine pricing trends in the form of carnitine price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of carnitine, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed carnitine demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Carnitine Price

In Europe, the price of carnitine experienced an upward trend due to the growing shortage in the market sent prices soaring, in addition to high energy and transportation costs. Challenges notwithstanding, carnitine demand experienced steady growth as the receding inflation and high levels of consumer confidence. The depleted inventory provided a reality check about the fragility of supply chains and, in turn, pushed prices upward. In spite of such difficulties, the carnitine market still experienced a steady demand due to the market resilience and evidence that carnitine is still important in many applications of industries based in Europe.

This analysis can be extended to include detailed carnitine price information for a comprehensive list of countries.

North America Carnitine Price

In the last quarter of 2023, the carnitine market in North America met problems, such as fluctuation of price and supply, that were caused by many factors. Dwindling stocks along with blocked trade arrangements with important exporting countries resulted in depletion of carnitine stocks. However, demand did not decrease, especially in the market niches of nutraceuticals and health care. Also, inflationary pressure coupled with the cost of transport contributed to this increase. This demonstration proved the market's robustness despite the external pressures, highlighting the need for carnitine in multiple industries with the effects of supply chain disruptions.

Specific carnitine historical data within the United States and Canada can also be provided.

Middle East and Africa Carnitine Price

The analysis of carnitine prices in Middle East and Africa provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

In addition to region-wise data, information on carnitine prices for countries can also be provided.

Asia Pacific Carnitine Price

The APAC Carnitine market in the last quarter of 2023 observed a twist as a result of some significant factors. There has been a rise in demand from the nutraceutical and healthcare sectors due to the growing need for consultations and sales caused the prices to go slightly up. Additionally, the second quarter had solid fundamental performance in terms of increased supply and demand, efficient logistics, more purchasing volume, and optimism among manufacturers. This good news pushed prices upwards, which in turn depicted an optimistic market environment, characterized with a promising future of carnitine in APAC region.

This carnitine price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Carnitine Price

The analysis of carnitine prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of carnitine pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting carnitine price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The carnitine price charts ensure our clients remain at the forefront of the industry.