Food Grade L-Carnosine industry size is estimated to be 30.39 million USD in 2022 from 27.80 million USD in 2021

Food Grade L-Carnosine

Food grade L-carnosine will increase from 131,285 kg in 2020 to 136,795 kg in 2022, with a CAGR of 1.03% from 2022 to 2020, reaching 174,461 kg by the end of 2027. is expected to reach, representing a CAGR of 3.32% for the period 2022-2027. In 2020, the global food-grade L-carnosine market will be led by APAC, with North America to be the second largest regional market.

According to the latest research, the global market for food grade L-carnosine is estimated to be worth US$ 30.39 million in 2022 from US$ 27.80 million in 2021,  a change of 9.95% from 2022 to 2021. The global market size of food grade L-carnosine will reach USD 37.28 million and is expected to grow at a CAGR of 3.35% over the next six years (2022-2027).

In terms of consumption, the largest consumer was APAC, with a share of 55.03% in the global consumption market in 2020, with a consumption of 75280 kg. The successor is North America, with a consumption of 37345 kg in 2020, equivalent to a sales share of 27.30% in 2020.  Fushilai Pharmaceutical, Hamari Chemicals, Sinoway Industrial, Xi`an Miracle Biotechnology, Belle Chemical, and SUANFARMA are the major manufacturers in the global food grade L-carnosine market. Among them, Fushirai Pharmaceutical is the largest manufacturer, with a revenue share of over 24% in the global market  in 2020. The market is highly concentrated, with the top three companies accounting for around 65% of the global revenue share.

In terms of varieties, over 99% purity will have the largest revenue share of 94.02% in 2020, with consumption of 128,613 kg, and this variety will continue to occupy a leading position in the future. It is worth mentioning that the growth of over 99% purity was the fastest during the forecast period, with a CAGR of 3.51% from 2021 to 2027. Based on application, dietary supplement use constitutes the largest application market for food-grade L-carnosine. In 2020, the consumption of dietary supplements was 117717kg, accounting for 86.05% of the global share. Also, from 2021 to 2027, he is expected to reach 147340 kg with a CAGR of 3.04% from 2027, slightly slower than the growth of the global market.

Leave a Reply