Vitamin C Ingredients Market - Forecast(2021 - 2026)

Report Code: FBR 0523 Report Format: PDF + Excel (Delivery in 48 Hrs)

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.

Report Coverage

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)

Key Takeaways

  • 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 Revenue Share
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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.

Market Landscape

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.,

Development: 

  • 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.

Relevant Titles:

Report Code: FBR 0048

Report Code: FBR 16874

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1. Vitamin C Ingredients Market - Overview
    1.1 Definitions and Scope
2. Vitamin C Ingredients Market - Executive Summary
    2.1 Market Revenue and Key Trends
    2.2 Key trends by Product Type
    2.3 Key trends by Form
    2.4 Key trends by Application
    2.5 Key trends by Geography
3. Vitamin C Ingredients Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis- Average Selling Price
4. Vitamin C Ingredients Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
    4.1.1 Investment
    4.1.2 Revenue
    4.1.3 Venture Capital and Funding Scenario
5. Vitamin C Ingredients Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Vitamin C Ingredients Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Vitamin C Ingredients Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Vitamin C Ingredients Market – By Product Type(Market Size –$Million/$Billion)
    8.1 Ascorbic Acid
    8.2 Sodium Ascorbate
    8.3 Calcium Ascorbate
    8.4 Potassium Ascorbate
    8.5 Magnesium Ascorbate
    8.6 Others
9. Vitamin C Ingredients Market - By Form (Market Size –$Million/$Billion)
    9.1 Granules
    9.2 Powder
    9.3 Others
10. Vitamin C Ingredients Market - By Application (Market Size –$Million/$Billion)
    10.1 Food and Beverage
    10.2 Pharmaceuticals
    10.3 Cosmetics and Personal Care
    10.4 Others
11. Vitamin C Ingredients Market - By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Others
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Vitamin C Ingredients Market - Entropy
13. Vitamin C Ingredients Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Vitamin C Ingredients Market – Key Company List by Country Premium Premium
15. Vitamin C Ingredients Market Company Analysis Analysis(Company Revenue, Product, M&A, Developments)
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
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