Vitamin C (Ascorbic Acid) Market 2022 Analysis by Top Players, Regions and Types


Global Vitamin C (Ascorbic Acid) Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Vitamin C is a water-soluble vitamin also termed as ascorbic acid and L-ascorbic acid. Its chemical formula is C6H8O6. It usually occurs as a slightly yellow or white crystal or powder with a mild acidic taste. It rapidly oxidizes in solution but practically stable in air. It is insoluble in chloroform and in benzene, soluble in water, and sparingly soluble in alcohol.


It plays important role in repairing tissues in all parts of the body and helps the body to make collagen, an imperative protein used to make skin, blood vessels, cartilage, ligaments, and tendons. Moreover, it is needed for healing wounds and for maintaining bones and teeth. It is mainly found in food and dietary supplements.
The factors that are playing a major role in the growth of Vitamin C (Ascorbic Acid) Market are rising demand for potassium, calcium and sodium salts of ascorbic acid as an antioxidant food additive. On the other hand, price fluctuations and uncertain raw material supply are the factors restraining overall market growth.
Vitamin C (Ascorbic Acid) Market is segmented based on product type, forms, applications, and region. Product types such as Pharmaceutical Grade, Food Grade, Feed Grade, and others classify the market. Forms such as injection form, tonic, and tablet classify Vitamin C (Ascorbic Acid) Market.
Applications into Nutraceuticals, Food & Beverages, Pharmaceuticals, Feed Industry, Medical Industry, Personal Care, and others classify Vitamin C (Ascorbic Acid) Market. Vitamin C (Ascorbic Acid) Market is segmented geographically Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, Asia Pacific accounts for the largest market share of the industry and is estimated to lead the overall market in the years to come. The reason being, cost-effective manufacturing facilities in China, and rising demand for health and dietary supplements. Europe and North America follow suit. The reason being, high demand from cosmetic and pharmaceutical industry and increasing demand for low-calorie sweeteners.
The key players of Vitamin C (Ascorbic Acid) Market are Shandong Luwei Pharmaceutical, BASF SE, DSM, Nestle, Dishman Group, Bactolac Pharmaceutical Inc., North China Pharmaceutical Group, and Aland Nutraceuticals Group. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.   

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