L-Citrulline Market Analysis:
L-Citrulline Market is projected to be worth USD 178.59 Million by 2030, registering a CAGR of 3.37% during the forecast period (2023 - 2030). L-citrulline is an amino acid that is naturally occurring, derived from animals and plants. It is chiefly found in watermelons and at the same time can be produced naturally too by the body. Lately it has gained immense recognition due to its wide array of health benefits. L-citrulline is used for different purposes such as improving athletic performance, heart disease, increasing energy, body building, high blood pressure, diabetes, erectile dysfunction, muscle weakness, sickle cell disease, dementia, fatigue and Alzheimers disease.
There are various factors that is driving the growth of theL-Citrulline Marketaccording to MRFR (Market Research Future) Report. These include rising demand for l-citrulline foods, nutritious beverages, energy drinks, the consumption of L-citrulline by health enthusiasts and athletes, its prolific utilization for making active pharmaceutical ingredients, rising consumer awareness, rise in the expendable income level, rising use in the personal care sector and cosmetics and consumers changing lifestyles. On the contrary, lack of growth in livestock production is likely to impede the growth of the L-citrulline market.
Competitive Landscape
The most prominent major key players in the market are as follows:
- 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)
April 2018- CJ CheilJedang Corp is all set inbuildinga production line that is focused solely to produce l-citrulline and l-arginine in Indonesia that will commence its operation.
Market Segmentation
As per the MRFR report, the global L-citrulline market is segmented on the basis of application and the key applications includeFrozen Foodand beverages, pharmaceuticals, animal feed/agriculture andCosmetics and Personal Care. Of these, the food andbeveragesegment 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.
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 andfoodandbeverageindustries. And it is facilitated by rapid urbanization and increased spending power.
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