ID: MRFR/CnM/0315-CR | November 2018 | Region: Global | 97 pages
It is expected that the Citrulline market will grow at a high CAGR of 6.16% during the forecasted period in the market to account for a higher market value of approximately USD 40,213.9 million by the end of the forecasted period from 2017 to 2023.
Owing to the growing health issues in middle-aged people has increased the demand for nutritional supplements many folds in recent times. One of the supplements that is majorly used in the cosmetics and personal care sector along with the food and beverages sector is known by the name L-Citrulline. This supplement is larger used in increasing the nitric acid content in the body which helps in increasing the immunity of the body to fight against any chronic disease. This nutritional supplement L-Citrulline is derived from plant and animals and are rich in amino acid. Owing to its various benefits and nutritional level value the L-Citrulline market is growing constantly in the market during the forecasted period.
COVID 19 Analysis
The situation of the global pandemic of COVID 19 has affected the normal life of the people adversely. Owing to the outbreak of the global pandemic of COVID 19, one has to deal with financial crises along with health concerns. This has pushed the economies into forced recession. Owing to the lockdown situation and post lockdown situation, most of the manufacturing units of L-Citrulline were shut down which lead to a steep downfall in the revenues and profit margins.
It is expected that the market in the global market will recover from the situation of the global pandemic at the end of the third quarter of the coming year during the forecasted period.
The most prominent major key players in the market are as follows:
These most prominent major key players in the L-Citrulline market in the global market use various strategies, policies, and techniques to penetrate the potential market to attract a larger customer base all across the world in the global market by launching a new innovative product, by developing new production process to minimize the cost, by doing a collaboration, mergers, and acquisitions, starting a joint venture, and many others.
The market is growing tremendously in the global market owing to the shifting trend towards more nutritious beverages, energy drinks, and nutritious food items and supplements, this is driving the global market at great heights. Moreover, the increase in the population of health enthusiastic and athletes who require a higher nutritious level in their meal also drives the market in the global market. The abundance use of L-Citrulline in the healthcare sector and for manufacturing (API) active pharmaceutical ingredients boost the L-Citrulline market in the global market.
The growing demand for the L-Citrulline industry in the global market owing to various growth opportunities during the forecasted period. Owing to its benefit of detecting chronic diseases such as sickle cell syndrome, Alzheimer’s, dementia, erectile dysfunction, and many others at an early stage by which several measures can be taken to prevent provides various growth opportunities in the L-Citrulline industry in the global market. Moreover, this L-Citrulline is an organic compound that is derived from animals and plants attracts large attention.
The L-Citrulline market is growing rapidly in the global market but some factors restrict the growth of the market such as less growth in the feed industry might hamper the growth of the L-Citrulline industry in the global market. Not only this, but the increase in the inclined notice in production of livestock restricts the growth of the L-Citrulline industry.
Value Chain Analysis
The L-Citrulline industry has been increasing at a high speed in the global market owing to various benefits associated with the L-citrulline market such as its use in the food and beverages sector and in energy drink to increase the immunity of the body in middle-aged people. It also helps in providing the required nutritional level in the body which is not maintained by consuming normal meals. Also, the use of L-Citrulline by the athletes and various other sports player boost the L-citrulline market in the global market.
The market for L-Citrulline has been divided based on the type, classification and application are as follows:
Based on the Type
The market has been divided based on the type into power type and crystal type.
Based on the Classification
The market has been divided based on the classification into medical grade and food grade.
Based on the Application
The market for L-Citrulline is divided based on the application into cosmetic and personal care, food and beverages, agriculture, pharmaceuticals, animal feed, and many others. The largest market share in the L-Citrulline industry in the global market is held by the food and beverages dividend because of the increase in demand for beverages all across the globe.
The market for L-Citrulline has been divided based on the region into Asia-Pacific region, Europe region, North America region, Latin America region, and the rest of the world. The largest market share in the L-Citrulline market in the global market is held by the Asia-Pacific region owing to the presence of various emerging countries like India, Japan, South Korea, and China who have shown an incredible increase in the per capita income levels. A shifting trend from the dietary habits of consumers is also seen.
The second-largest market share in the L-Citrulline industry in the global market is held by the North American region owing to the presence of powerful countries like Canada and the U.S. It can be estimated that the North American region is showing a positive growth rate towards the L-Citrulline market during the forecasted period. The third-largest market share in the L-Citrulline market in the global market is held by the European region followed by the Latin American region.
This global market research report consists of the following elements:
This global L-Citrulline market research report consists of various factors that drive the L-Citrulline market in the global market along with the factors that restrict the growth of the L-Citrulline market in the global market. The future growth opportunities in the L-Citrulline market during the forecasted period are also mentioned. The impact of the global pandemic of COVID 19 on the L-citrulline market is estimated. The future growth rate of the L-Citrulline market in the global market is also estimated and mentioned.
L-citrulline manufacturers, traders and distributors of L-citrulline, research and development institutes, potential investors, raw material suppliers, personal care ingredient manufacturers, flavors and ingredients manufacturers, and many others.
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Premium Ingredient Co., Ltd (China),MH2 Biochemical Co., Ltd (South Korea),Nutra Green Biotechnology Co., Ltd (U.K.),Santo Jiahe Biotech (China),Wuhan Soleado Technology Co., Ltd. (China),Newseed Chemical Co., Limited (China),TCI Chemicals Private Limited (India),Ningbo Sinorigin Bio-Products Co., Ltd. (China),Merck KGaA (Germany),Kyowa Hakko Bio Co. Ltd. (Japan)|
|Key Market Opportunities||Owing to its benefit of detecting chronic diseases such as sickle cell syndrome, Alzheimer’s, dementia, erectile dysfunction, and many others|
|Key Market Drivers||The shifting trend towards more nutritious beverages, energy drinks, and nutritious food items and supplements|
Frequently Asked Questions (FAQ) :
The L-Citrulline market is expected to grow at a high CAGR of approximately 6.16% in the global market.
The L-Citrulline market is expected to account for a higher market value of approximately USD 40, 213.9 million in the global market by the end of the forecasted period 2027-2023.
Wuhan Soleado Technology Co., Ltd. (China) and Nutra Green Biotechnology Co., Ltd. (South Korea) are the major key players in the L-Citrulline market in the global market.
The competitive landscape is an analysis of the degree of competition among industry players as well as industry growth and the market scenario. The L-citrulline market is fragmented, with the presence of tier-1, tier-2, and small players; the tier-2 and other small player dominate the market. With the market being fragmented, competitive pricing is a burning issue which is resulting in declining margins. However, product demand is expected to soar with the increasing adoption of L-citrulline in the nutrition industry. The food & beverage and pharmaceutical industries are some of the main end users of L-citrulline.
In the L-citrulline market Kyowa Hakko Bio Co., Ltd, Merck KGaA, TCI Chemicals (India) Private Limited, Newseed Chemical Co., Limited, Nutra Green Biotechnology Co., Ltd, Premium Ingredient Co., Ltd, and MH2 Biochemical Co., Ltd are some of the major shareholders. However, the market is dominated by a mix of tier-2 and small players. No substantial developments have been noted in the past five years by the major players operating the in the L-citrulline market apart from Kyowa Hakko Bio Co., Ltd, which, in April 2017, launched a new amino acid blend called Setria performance blend. This product launch helped the company capitalize on the growth of the sports nutrition segment. In April 2018, CJ CheilJedang, a South Korean food company, announced plans to build a production line for manufacturing L-arginine and L-citrulline at its Jombang plant in Indonesia. This strategic move will help the company establish its presence in Indonesia while capturing new clients in Asia-Pacific.