Ascorbic acid (Vitamin C), an essential nutrient found mainly in fruits and vegetables. The body requires ascorbic acid in order to form and maintain bones, blood vessels, and skin. Ascorbic acid also promotes the healing of cuts, abrasions and wounds; helps fight infections; inhibits conversion of irritants in smog, tobacco smoke, and certain foods into cancer-causing substances; appears to lessen the risk of developing high blood pressure and heart disease; helps regulate cholesterol levels; prevents the development of scurvy; appears to lower the risk of developing cataracts; and aids in iron absorption. Ascorbic acid can cause adverse reactions when taken with some drugs.
According to our (Global Info Research) latest study, the global Vitamin C market size was valued at USD 1249 million in 2022 and is forecast to a readjusted size of USD 1542.7 million by 2029 with a CAGR of 3.1% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
China is the largest Production countries of vitamin C, with a production market share more than 80.82%.
The vitamin C is classified into the food grade, pharmaceutical grade, feed grade. As of 2019, food grade vitamin C segment dominates the market contributing about 64.0% of the total market share.
Vitamin C is major applied in Food & Beverage, Pharmaceuticals & Healthcare, Feed, Cosmetics industry, in 2019, demand for Food & Beverage industry occupied the largest market, with 57.7% share, while Pharmaceuticals & Healthcare and Feed share 32.5% and 7.8% respectively.
The vitamin C market is very concentrated market; key players include DSM, CSPC Pharma, Northeast Pharma, Shandong Luwei, Shandong Tianli, Anhui Tiger, Ningxia Qiyuan, Zhengzhou Tuoyang, Henan Huaxing; the revenue of top five manufacturers accounts about 82.3% of the total revenue.
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This report is a detailed and comprehensive analysis for global Vitamin C market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Market segment by Type
Food Grade Vitamin C
Pharmaceutical Grade Vitamin C
Feed Grade Vitamin C
Market segment by Application
Food & Beverage
Pharmaceuticals & Healthcare
Feed
Cosmetics
Major players covered
DSM
CSPC Pharma
Northeast Pharma
Shandong Luwei
Shandong Tianli
Anhui Tiger
Ningxia Qiyuan
Zhengzhou Tuoyang
Henan Huaxing
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Vitamin C
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Vitamin C product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Vitamin C, with price, sales, revenue and global market share of Vitamin C from 2018 to 2023.
Chapter 3, the Vitamin C competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Vitamin C breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Vitamin C market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Vitamin C.
Chapter 14 and 15, to describe Vitamin C sales channel, distributors, customers, research findings and conclusion.
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