Pune, India -- (SBWire) -- 02/20/2019 --Global L-Citrulline Market is expected to rise from its initial estimated value of USD 29.64 billion in 2018 to an estimated value of USD 48.14 billion by 2026, registering a CAGR of 6.25% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in awareness regarding the benefits of l-citrulline and rising levels of adoption of the product.
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Key Market Competitors: Global L-Citrulline Market
- KYOWA HAKKO BIO CO.LTD.,
- Merck KGaA,
- TCI Chemicals (India) Pvt. Ltd.,
- Newseed Chemical Co. Limited,
- Nutra Green Biotechnology Co.Ltd.,
- MH2 BIOCHEMICAL,
- Alfa Aesar,
- abcr GmbH,
- SERVA Electrophoresis GmbH,
- DingKang Pharmaceuticals Ltd,
- CJ CheilJedang Corp.
Global l-citrulline market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of l-citrulline market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Definition: Global L-Citrulline Market
L-citrulline can be defined as a naturally occurring amino acid compound, which is produced naturally by the human body and found in some food ingredients as well. Our bodies use l-citrulline and convert it into l-arginine and nitric oxide for their consumption. These products are used to improve the athletic performance of the individuals and various other bodily functions.
Market Drivers:
- High levels of adoption as a nutritional supplement of the product is expected to be driving the market growth
- Increase in adoption of the product from the various industries is also expected to drive the market growth
Market Restraints:
- Lack of growth from the feed industry is expected to act as a restraint to the market growth
Segmentation: Global L-Citrulline Market
By Application
- Food & Beverages
- Cosmetics & Personal Care
- Pharmaceuticals
- Agricultural/Animal Feed
- Others
By Type
- Powder
- Crystal
By Classification
- Food Grade
- Medical Grade
By Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
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Key Developments in the Market:
In April 2018, CJ CheilJedang Corp. announced their intentions for the initiation of a production line solely focused on the production of l-arginine and l-citrulline in the production plant situated at Jombang, Indonesia.
In April 2017, KYOWA HAKKO BIO CO.LTD. announced the launch of an amino acid blend known as "Setria Performance Blend", which includes l-citrulline and is aimed at improving the production of nitric oxide (NO) in the body. This product is expected to have major demand from the sports nutrition.
Research Methodology: Global L-Citrulline Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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L-Citrulline Market Worth 48.14 Billion USD by 2026: Industry Research Analysis with Top Key Players Analysis Merck, Kyowa Hakko, Alfa Aesar, Abcr GmbH, CJ CheilJedang and More
Global L-Citrulline Market Research Report By Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Agricultural/Animal Feed, Others), Type (Powder, Crystal), Classification (Food Grade, Medical Grade), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Forecast to 2026