Feed Grade L-Carnitine is a feed additive used for livestock production and is known for its high quality. It is commonly found in a crystalline powder or granular form and is derived from plants or animals. Global Feed Grade L-Carnitine is mainly used for the production of poultry, aquaculture aquafeed, piglets, and the growth of livestock. It provides nutritional and metabolic advantages to animals through its use in animal feed, improving feed efficiency, feed conversion ratio, growth performance, fat metabolism, immunity, tissue development, and reproduction. As a feed additive, it can improve animal performance and increase the overall profitability of the livestock industry.
The global Feed Grade L-Carnitine market was valued at US$ 41 million in 2022 and is anticipated to reach US$ 55 million by 2029, witnessing a CAGR of 4.3% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Feed Grade L-Carnitine Market available at: https://www.themarketreports.com/report/global-feed-grade-l-carnitine-market-research-report
This report aims to provide a comprehensive presentation of the global market for Feed Grade L-Carnitine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Feed Grade L-Carnitine.
The feed grade industry is highly concentrated as Lonza dominate the market currently. Lonza is the largest feed grade L-Carnitine manufacturer globally with the most advanced technology. Lonza held 63% market share.
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