By application, the L-citrulline market is segmented into food & beverages, cosmetics & personal care, pharmaceuticals, and agriculture/animal feed.
Competitive Analysis
L-citrulline Market is competitive and highly fragmented, and the key players have utilized different strategies such as acquisitions, partnerships, joint ventures, agreements, expansions and new product launches to boost up their footprint in the L-citrulline market.
Market Segmentation
As per MRFR report, the global L-citrulline market is segmented on the basis of application and the key applications include food and beverages, pharmaceuticals, animal feed/agriculture and cosmetics and personal care. Of these, the food and beverages segment will have the maximum market share followed by pharmaceuticals. The growing need for functional beverages is expected to boost the market dramatically over the predicted years. The pharmaceutical segmented is likely to touch the highest CAGR owing to the increasing use of L-citrulline as an API to manufacture drugs.
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Key Players
Leading players profiled in the L-citrulline market include Nutra Green Biotechnology Co., Ltd. (U.K.), MH2 Biochemical Co., Ltd. (South Korea), Wuhan Soleado Technology Co., Ltd. (China), Kyowa Hakko Bio Co. Ltd. (Japan), Merck KGaA (Germany), Ningbo Sinorigin Bio-Products Co., Ltd. (China), TCI Chemicals Private Limited (India), Santo Jiahe Biotech (China), Newseed Chemical Co., Limited (China), and Premium Ingredient Co., Ltd. (China).
April 2018- CJ CheilJedang Corp is all set in building a production line that is focused solely to produce l-citrulline and l-arginine in Indonesia that will commence its operation in 2019.
L-citrulline Market – Summary
The Global L-Citrulline Market is expecting an impressive 6.16% CAGR during the forecast period (2018-2023), reveals Market Research Future (MRFR) in an extensively studied report. The report also covers segments and drivers that can significantly boost its market prospects. The market can reach USD 40,213.9 million by 2023.
High demand for nutritious beverages and food items is the primary factor driving the market growth. Awareness of the benefits of L-citrulline on the body is expected to boost its demand from 2018 to 2023 (forecast period). Changing dietary habits of consumers coupled with their disposable income levels can benefit the market in the forthcoming years. Rising incidence of diseases such as Alzheimer’s and erectile dysfunction has caught the interest of the healthcare sector. Approval of the organic compound by regulatory agencies to be used as an incipient for manufacturing capsules and tablets has increased the growth opportunities for the market.
The personal care sector can give the market its due impetus owing to the urgent demand for citrulline malate. Developing economies in the Middle East, Africa, and Asia Pacific can offer new growth avenues owing to the staggering sale of cosmetics. But the depressing growth witnessed in livestock production can pose a challenge to the L-citrulline market.
Regional Analysis
Based on region, the L-citrulline market covers growth opportunities and latest trends across Latin America, North America, Europe, Asia Pacific and Middle East and Africa. Of these, the APAC region will govern the L-citrulline market followed by North America, Europe, Middle East and Africa and Latin America. The emerging economies of India, China and Thailand along with aware consumers is expected to fuel the growth of the market in this region. It is expected to see USD 18,894.7 million over 2023 due to rise in per capita income level and consumers changing dietary habits.
The L-citrulline market in North America is likely to expand at a healthy 5.32% CAGR during the predicted years. The factors that can be attributed for the growth of the market in this region include well-established healthcare framework coupled with high prevalence of cardiovascular diseases and obesity. Canada and the US are the key contributors to the L-citrulline market. Europe is headed by Germany and the existence of leading food and beverage manufacturers.
The growing personal care sector coupled with investments in cosmetics can propel the demand of this market in the upcoming years. The L-citrulline market in Latin America is expanding because of the demand for L-citrulline in drugs along with the increasing quench especially for functional beverages. It is expected to grow at around 6% CAGR by 2023. The market in Middle East and Africa on the other hand can thrive due to the booming personal care, cosmetics and food and beverage industries. And it is facilitated by rapid urbanization and increased spending power.
List of Table:
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 16
TABLE 3 GLOBAL L-CITRULLINE MARKET, BY APPLICATION 2016-2023 (USD THOUSAND) 34
TABLE 4 GLOBAL L-CITRULLINE MARKET, BY APPLICATION 2016-2023 (TONS) 35
TABLE 5 GLOBAL L-CITRULLINE MARKET FOR FOOD & BEVERAGES, BY REGION 2016-2023 (USD THOUSAND) 36
TABLE 6 GLOBAL L-CITRULLINE MARKET FOR FOOD & BEVERAGES, BY REGION 2016-2023 (TONS) 36
TABLE 7 GLOBAL L-CITRULLINE MARKET FOR PHARMACEUTICALS, BY REGION 2016-2023 (USD THOUSAND) 37
TABLE 8 GLOBAL L-CITRULLINE MARKET FOR PHARMACEUTICALS, BY REGION 2016-2023 (TONS) 37
TABLE 9 GLOBAL L-CITRULLINE MARKET FOR AGRICULTURE/ANIMAL FEED, BY REGION 2016-2023 (USD THOUSAND) 38
TABLE 10 GLOBAL L-CITRULLINE MARKET FOR AGRICULTURE/ANIMAL FEED, BY REGION 2016-2023 (TONS) 38
TABLE 11 GLOBAL L-CITRULLINE MARKET FOR COSMETICS & PERSONAL CARE, BY REGION 2016-2023 (USD THOUSAND) 39
TABLE 12 GLOBAL L-CITRULLINE MARKET FOR COSMETICS & PERSONAL CARE, BY REGION 2016-2023 (TONS) 39
List of Figure:
FIGURE 1 GLOBAL L-CITRULLINE MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 19
FIGURE 3 TOP-DOWN AND BOTTOM-UP APPROACH 21
FIGURE 4 MARKET DYNAMICS OVERVIEW 24
FIGURE 5 DRIVERS IMPACT ANALYSIS: GLOBAL L-CITRULLINE MARKET 26
FIGURE 6 RESTRAINT IMPACT ANALYSIS: GLOBAL L-CITRULLINE MARKET 27
FIGURE 7 SUPPLY CHAIN: L-CITRULLINE MARKET 30
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