Vitamin C Ingredients Market Overview
Vitamin C Ingredients market size was estimated at $10.24 billion in 2020, growing at a CAGR of 2.52% during the forecast period 2021-2026
. Ascorbic acid, or vitamin C, is a vital antioxidant found in a range of fruits and vegetables. Citrus fruits including kiwis, lemons, guavas, oranges, and grapefruits, as well as vegetables like cauliflower, Brussel sprouts, broccoli, and capsicums, are high in vitamin C. Sodium Ascorbate, Magnesium Ascorbate, Calcium Ascorbate, Potassium Ascorbate, Ascorbic Acid, Ascorbic Acid 97 percent Granulation, Coated Vitamin C, and Others are some of the vitamin C constituents. Vitamin C is also necessary for the repair and maintenance of bone, cartilage, and teeth. It aids in the absorption of iron into the body as well. Vitamin C also functions as an antioxidant vitamin
, preventing free radical damage. The increasing importance of vitamin C ingredients for wound healing and skin care are the major factors driving the growth of the market. Increasing health awareness among the consumers coupled with changing lifestyle of the people is set to further enhance the overall market development of the Vitamin C Ingredients Market for the period 2021-2026.
The report: “Vitamin C Ingredients Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Vitamin C Ingredients Market.
By Product Type: Ascorbic Acid, Sodium Ascorbate, Calcium Ascorbate, Potassium Ascorbate, Magnesium Ascorbate, and Others.
By Form: Granules, Powder and Others.
By Application: Food and Beverage, Pharmaceuticals, Cosmetics and Personal Care, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)
- Asia-Pacific dominated the Vitamin C Ingredients Market in 2020 owing to growing health awareness among consumers. The Vitamin C Ingredients Market scope for different regions will be provided in the final report.
- Increasing demand for natural food Ingredients is set to aid the market growth of the Vitamin C Ingredients Market report.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Vitamin C Ingredients Market report.
- Over consumption of Vitamin C causes some health issues is poised to create the hurdles for the Vitamin C Ingredients Market.
Vitamin C Ingredients Market Revenue Share, By Geography, 2020(%)
Vitamin C Ingredients Market Segment Analysis – By Product
On the basis of product market for Vitamin C Ingredients is categorized in Ascorbic Acid, Magnesium Ascorbate, Calcium Ascorbate, Potassium Ascorbate, Sodium Ascorbate, and Others. Ascorbic Acid held the largest share in the Vitamin C Ingredients market in 2020. Ascorbic Acid is used in various industries such as food and beverage, pharmaceuticals and others. Ascorbic acid is a monosaccharide that is used in food additives as an antioxidant. Ascorbic acids, which come in the form of salts and esters, are used to treat scurvy, prevent food spoilage, and preserve jams, jellies, bread, cured meats, spreads, and other foods thereby increasing Vitamin C Ingredients market. However, Magnesium Ascorbate is estimated to register higher CAGR of 5.4% during the forecast period 2021-2026 owing to it is good source of mineral and vitamin c also it regulates the heart's neuromuscular activity, transforms blood sugar to energy.
Vitamin C Ingredients Market Segment Analysis – By Application
On the basis of application market for Vitamin C Ingredients is categorized in Food and Beverage, Pharmaceuticals, Cosmetics and Personal Care, and Others. Food and Beverage held the largest share in the Vitamin C Ingredients market in 2020. Vitamin C ingredients used in food and beverage for various application as it provides a pleasant tart flavor that enhances various food products including jams, jellies, sweets, and fruit juices, as well as benefits from a burst of acidity that provides consumers the distinct sensation of fresh fruit thereby increasing Vitamin C Ingredients market. However, Pharmaceuticals is estimated to register higher CAGR of 5.1% during the forecast period 2021-2026 owing to rising demand of Vitamin C as its multi-functional properties that provide various health benefits.
Vitamin C Ingredients Market Segment Analysis – By Geography
Asia-Pacific dominated the Vitamin C Ingredients market with a major share of 29.6% in 2020. This is attributed to the increasing growth of food and beverage industries in this region coupled with growing health awareness among consumers. Furthermore, growing urbanization, and rising disposable income of the people are contributing to the growth of the market in this region.
However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to rising demand for cosmetics containing vitamin C coupled with presence of key players in this region contributing to the growth in this region. Increasing spending capacity of the people is also increasing the growth of the market in this region.
Vitamin C Ingredients Market Drivers
Increasing Importance of Vitamin C Ingredients
Increasing importance of vitamin c ingredients for wound healing, and skin care is increasing the growth of the Vitamin C Ingredients Market. Vitamin C is a water-soluble component that promotes wound healing, nourishes skin cells, lowers the risk of diabetes, and high blood pressure, and boosts immunity. Additionally, Vitamin C enhances iron absorption from diet, and strengthens the immune system is also practiced to increase the growth of the Vitamin C Ingredients market during the forecast period 2021-2026.
Rising Prevalence of Cardiovascular Diseases
Increasing prevalence of cardiovascular diseases such as strokes and heart attack is increasing the growth of the Vitamin C Ingredients market. Vitamin C ingredient helps to reduce risk of heart disease also it lower heart disease risk factors, including high blood levels of LDL (bad) cholesterol and triglycerides. According to World Health Organization (WHO), cardiovascular diseases are the leading cause of death across the globe and around 17.9 million people die per year due to cardiovascular diseases. Moreover, Vitamin C also functions as an antioxidant, preventing free radical damage thereby increasing the growth of the Vitamin C Ingredients Market during the forecast period 2021-2026.
Vitamin C Ingredients Market Challenges
Over Consumption Of Vitamin C Causes Some Issues
Major factor that is set to impede the growth of the Vitamin C Ingredients market is over consumption of vitamin c causes some issues such as allergies including hyperoxaluria, skin flushing, nausea, headache, vomiting, diarrhea and stomach upset. Another factor which hamper the growth of market is high price of organic Vitamin C Ingredients.
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Vitamin C Ingredients Market. In 2020, the Vitamin C Ingredients Market share is consolidated by the top ten players present in the market. The Vitamin C Ingredients Market, top 10 companies are, Foodchem International Corporation, Koninklijke DSM N.V., CSPC Pharmaceutical Group Limited, Glanbia Nutritionals China (Suzhou) Co., Ltd., Northeast Pharmaceutical Group Co., Ltd., North China Pharmaceutical Co., Ltd., The TNN Development Limited, Hunan Sunshine Bio-Tech Co., Ltd, Microbelcaps, and Wuhan Yuancheng Gongchuang Technology Co.,
- In July 2019, DSM N.V. has announced the expansion of its vitamin C manufacturing facility in Jiangshan, China, in order to increase production of vitamin C ingredients.
Report Code: FBR 0048
Report Code: FBR 16874
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