![Navigating market trends: The rise of L-carnitine and obstacles in the supply chain [60th edition of the ADDITIVES newsletter]](https://foodcom.pl/wp-content/uploads/2023/08/Foodcom_Additives_Newsletter-1520x760.jpg "Navigating market trends: The rise of L-carnitine and obstacles in the supply chain [60th edition of the ADDITIVES newsletter]")
- L-carnitine: Increased demand in the poultry sector is driving the L-carnitine market, with a projected growth of 6.4% CAGR to 2030.
- L-tyrosine: Market interest is growing due to EU regulations and manufacturing innovations, although currency fluctuations are challenging suppliers.
- L-glutamine: The L-glutamine market is maintaining stability due to its key role in animal nutrition, in line with EU regulations on feed additives.
- Supply chains: The US dockers’ strike and Typhoon Bebinca are disrupting global supply chains, affecting the prices of feed and nutraceutical products.
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September 2024 will see continued growth in the feed L-carnitine market, driven by rising demand in the poultry sector and forecasts of a 6.4% CAGR to 2030. L-tyrosine is also growing, shaped by EU regulation and innovation, while L-glutamine maintains strong market stability due to its key role in livestock nutrition. Meanwhile, there are potential disruptions as a possible strike by US dockers threatens supply chains and Typhoon Bebinca causes delays and increased costs in the nutraceutical sector.
Let’s take a look at what else is happening in the market!
PRODUCTS OF THE WEEK
L-carnitine
As of September 2024, the market for feed L-carnitine is growing steadily. The industry is characterised by a growing demand for high-quality feed supplements to support animal health, particularly in the poultry sector. The value of this market is growing and is projected to grow at a 6.4% CAGR to 2030. Recent market activity suggests that manufacturers are focusing on optimising production processes to meet growing global demand.
L-tyrosine
The L-tyrosine market is on an upward trend driven by increased demand from the feed industry. Regulatory compliance in the EU has forced suppliers to focus on quality standards. In addition, innovations in production and digital transformation strategies are actively shaping the market. While currency fluctuations are challenging, companies are exploring new ways to expand their global presence, including market entry strategies in emerging economies.
L-glutamine
The market for feed-grade L-glutamine remains strong and its importance in livestock nutrition continues due to its immune-enhancing properties. EU regulations emphasise the use of high-quality feed additives, which maintains demand for L-glutamine. The market is stable, although detailed information on price changes and supply fluctuations this month would require more targeted analysis of market data.
NEWS
Potential strike by US dockers threatens major supply chain disruptions
A potential strike by 45,000 dockworkers at US East and Gulf Coast ports threatens to disrupt supply chains across the country. The strike could lead to delays, shortages and increased costs, affecting 41% of US port volumes. As the festive season approaches, companies are preparing for the possible impact by redirecting shipments to west coast ports and seeking alternative solutions. The situation also highlights the wider debate around automation in logistics, which is at the heart of the labour dispute.
Typhoon Bebinca: Disrupting the global nutraceutical supply chain
In September 2024, Typhoon Bebinca paralysed Shanghai, disrupting global supply chains, particularly in the nutraceutical and pharmaceutical sectors. The closure of ports and transport infrastructure caused delays at Shanghai and Ningbo ports, diverting ships and putting pressure on other ports. The disruption coincided with preparations for China’s Golden Week and Mid-Autumn Festival, further prolonging supply disruptions.
The disruption also affected land transport, causing flooding in industrial areas. Analysts predict an increase in nutraceutical product prices due to shortages and higher transport costs, which may force companies to change their inventory management strategies.
