Global L-Carnosine Market Size, Share, Analysis, Industry Report and Forecast 2020-2026
The global L-carnosine market is estimated to grow at a CAGR of around 5.0% during the forecast period. The major factors contributing to the growth of the market include the growth in the cosmetic industry, rising prevalence of diabetes, CVD coupled with the expanding pool of aging population that are susceptible to these diseases. Diabetes has been among the most prevalent diseases around the globe. As per the International Diabetes Federation (IDF), in 2019, nearly 463 million adults (20-79 years) were suffering from diabetes, which is expected to reach 700 million by 2045. Over 1.1 million children and adolescents are living with type 1 diabetes. L-carnosine prevents damage caused by too much sugar in the body. It is a naturally occurring molecule composed of two amino acids that are capable of protecting patients against diabetes owing to its ability to neutralize toxic compounds and improve glycemic control.
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The global L-carnosine market is segmented on the basis of application and geography. Based on the application, the market is segmented into autism, diabetes support, skin support, CVD support, joint support, and others. Others segment include digestion support, Parkinson’s disease, and Alzheimer’s disease. In 2019, the skin support segment is projected to contribute a significant share to the global market.
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Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the World. In 2019, North America held the largest share in the market owing to the rising prevalence of chronic diseases and potential awareness regarding dietary supplements in the region. As per the Centers for Disease Control and Prevention (CDC), 6 in 10 adults in the US have a chronic disease and 4 in 10 adults in the US have two or more chronic diseases. This, in turn, is driving the demand for L-carnosine in the region.
Global L-Carnosine Market Segmentation
By Application
Autism
Diabetes
Skin Support
Cardiovascular Support
Joint Support
Others
Regional Analysis
North America
United States
Canada
Europe
6.2.1.UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Atrium Innovations Inc. (Douglas Laboratories)
BachemGroup
Belle Chemical LLC
Charkit Chemical Company LLC
Foodchem International Corp.
Jarrow Formulas, Inc.
Kirkman Group, Inc.
Klaire Labs
Lalilab, Inc.
Manus Aktteva Biopharma LLP
NOW Foods, LLC
NutraBio Labs, Inc.
NutriVitaShop
Puneet Laboratories Pvt. Ltd.
Source Naturals, Inc.
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