The global vitamin C ingredients market size is expected to rise at a CAGR of 5.3% between 2019 and 2028. The market was estimated to be valued at US$ 2,190.2 Mn in 2019. Rise in disposable income, coupled with higher consumption of fast food will impel growth in the coming years. The demand for vitamin C ingredient will rise considerably in the food and beverages and pharmaceutical sectors. A majority of vitamin C ingredients production is carried out in Asia Pacific excluding Japan, primarily in China. Increasing importance of vitamin C ingredients as food additives and antioxidants will spur their sales worldwide.
FREQUENTLY ASKED QUESTIONS ABOUT Vitamin C Ingredients Market
What makes APEJ leading market for vitamin C ingredients?
APEJ exhibits fairly high production vitamin C ingredients. China especially is among the largest producers of Vitamin C around the world. Rising vitamin C exports in region accounts for its dominance in the global market.
What drives demand for natural vitamin C ingredients?
Studies reveal that synthetic vitamin C ingredients make the leading segment in the market. However, in the coming years the market is forecast to witness a paradigm shift to naturally derived vitamin C. The increasing focus on health and sustainability will tip scales in favour of vitamin C derived from natural sources.
Which industry showcases the highest demand for Vitamin C ingredients?
Food industry is currently the biggest end user of vitamin C ingredients. In the coming years various other industries will start exhibiting demand. For instance, the use of vitamin C will rise considerably in cosmetics and personal care segment.
What drives vitamin C ingredients market?
Higher disposable income and changing lifestyle are two chief drivers of the market. As a result of busy schedule and unhealthy eating habits consumers are often deprived of essential nutrition. The demand for food supplements is therefore at a rise, which is expected to drive the market.
How technological advances play a role in driving vitamin C ingredients market?
The advent of various methods to improve encapsulation has positively impacted the market. Some of these improvements are spray drying, spray chilling, spray cooling, extrusion, fluidized bed coating, and others.
Health Benefits Offered by Vitamin C Ingredients will boost their Sales
As a result of their changing attitude towards health and fitness, consumers are looking for healthier diets. They often include vitamin supplements in their daily diet to compensate for any deficiency. In addition to this, growing importance of vitamin C in skincare is acknowledged by leading brands across the globe. Vitamin C ingredients are therefore used as raw materials across various industries. They are used mostly in powder or granules form.
According to the report, vitamin C helps in healing wounds and prevention of infections, which makes pharmaceutical industry a leading end-user. Furthermore, vitamin C improves absorption of iron from food, it reduces the risk of chronic ailments, control blood pressure, and boosts immune health. The rising knowledge about health benefits of vitamin C will boost the vitamin C ingredients market.
Promising Growth in APEJ to Boost Global Vitamin C Ingredients Market
The majority of vitamin C ingredients production happens in Asia Pacific, especially in China. In 201, Asia Pacific excluding Japan accounted for the production of nearly 80,000 metric tonnes of vitamin C ingredients. The report identifies the region as a lucrative one, and forecasts the APEJ vitamin C ingredients market to rise at a CAGR of 6.9% between 2019 and 2028. Meanwhile, Western Europe, Japan, and North America promise steady growth for the market. Similarly remarkable growth is unlikely for the market in the Middle East and Africa. The report projects a modest 3.6% CAGR for the MEA market through the course of its forecast period.
Overall Rise in Food Consumption to Aid Growth
The global population has quadrupled in the last decade. According to the United Nations, the global population reached 7.5 billion in 2019. It is expected to increase further to reach 9.7 billion by 2050. Rise in global population, supported by income growth and willingness to spend will inevitably bolster demand for food. The multi-trillion status of the global food and beverages industry is expected to augment further, representing a steady annual growth in the coming years. This, coupled with increasing manufacturers to supplement the rising demand for better quality, tasting, and healthier food products will aid the expansion of the vitamin C ingredient market.
Ascorbic acids forecast to remain dominant
Others segment likely to exhibit higher CAGR
Powder segment holds dominance
Granules segment will report higher CAGR
Synthetic segment currently leads the market.
Natural segment will rise at a higher CAGR
Food accounts for largest market share
Cosmetics and personal care segment to exhibit high demand in near future.
How Growth will Unfold
Changing lifestyle and food habits are evoking consumers’ interest for vitamin c ingredients. Change in lifestyle for instance resulted in the increasing consumption of fast foods that lack essential nutrients. These factors have fuelled the demand for nutrition through supplements. Vitamin C offers immense health benefits to humans. Against this backdrop, experts suggest the demand for vitamin C ingredients to increase in the coming years. According to the study, the demand for ascorbic acid will remain considerably high. It is expected to remain the leading segment among product types through the forecast period.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Vitamin C Ingredients Market: Global Industry Analysis 2017-2018 and Forecast 2019-2028
The report on the global vitamin C ingredients market is intended to offer global industry assessment for 2017-2018 and 2019-2028. In this study, Future Market Insights (FMI) identifies chief factors impacting the demand and supply of vitamin C ingredients. It includes a detailed review of growth drivers, challenges, opportunities, and prevailing trends in the market. It therefore presents crucial information intended to help readers get a comprehensive overview of the vitamin C ingredients market.
Vitamin C Ingredients Market Taxonomy
The report segments the global vitamin C ingredients market in detail to present an executive-level blueprint to the reader
- Ascorbic Acid
- Sodium Ascorbate
- Calcium Ascorbate
- Ascorbic Acid 90% Granulation
- Ascorbic Acid 95% Granulation
- Ascorbic Acid 97% Granulation
- Coated Vitamin C
- Cosmetics and Personal Care Products
- Animal Feed
- Reichstein Process
- Two-Stage Fermentation Process
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
The executive summary of the report covers country analysis, proprietary wheel of fortune, demand-side and supply-side trends, and opportunity assessment. Also, it offers recommendations to help companies establish a foothold in the global vitamin C ingredients market.
Readers can find a detailed segmentation of the overall vitamin C ingredients market share in this chapter. This section also highlights inclusions and exclusions to help readers understand the scope of the report.
Readers can find valuable information on the key segments within the market, besides relevant definitions in this chapter. Associated industry assessment is also carried out to study the vitamin C ingredients market trends, prevailing dynamics, trade analysis, and supply and value chain. Consumers’ perception about vitamin C ingredients is explained in consumer survey analysis and social media sentiment analysis included in this chapter.
This chapter studies the growth trajectory exhibited by the vitamin C ingredients market across various segments. It segments the market in terms of various criteria. On the basis of product type, the market is segmented into ascorbic acid, sodium ascorbate, calcium ascorbate, ascorbic acid 90% granulation, ascorbic acid 95% granulation, ascorbic acid 97% granulation, coated vitamin C and others. On the basis of form, it is segmented into powder, granules and others. Based on source, the market can be bifurcated into natural and synthetic. In terms of process, it is split between Reichstein process and two-stage fermentation process. On the basis of end use, the market covers food, beverages, cosmetics and personal care products, pharmaceuticals, and animal feed. Regional, the global vitamin C ingredients market covers North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the MEA.
This chapter includes a detailed analysis of the growth exhibited by the market in North America. It also offers country-wise assessment of the market that covers growth exhibited in the U.S. and Canada. Readers can also find information on prevalent trends and regulations in the North America market for vitamin C ingredients.
Readers can find detailed information on prevailing trends that are impacting the growth of the Latin America vitamin C ingredients market. Besides this, the chapter includes results of pricing analysis. It also examines the growth prospects of the vitamin C ingredients market in LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
The chapter discusses various factors driving the market across Germany, France, U.K., Spain, Italy, NORDIC, BENELUX, Rest of Western Europe.
The chapter discusses various factors driving the market across CIS, Rest of Eastern Europe.
This chapter includes a detailed analysis of the growth of the market in Asia Pacific, along with a country-wise assessment that covers China, India, Indonesia, Philippines, Australia & New Zealand, and the Rest of Asia Pacific. Readers can also find regional trends and regulations, affecting growth in countries across Asia Pacific.
This chapter provides information about how the market is anticipated to grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, and the Rest of MEA, during the forecast period 2019 - 2028.
In this chapter, readers can find a detailed tier analysis and information on concentration of key players in the vitamin C ingredients market along with their presence analysis by region and product portfolio. Readers can also find a comprehensive list of all leading stakeholders in the market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the leading companies operating in the market are Foodchem International Corporation, Koninklijke DSM N.V., CSPC Pharmaceutical Group Limited, and 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, Wuhan Yuancheng Gongchuang Technology Co.,Ltd, Hangzhou Focus Corporation, Beijing Heronsbill Food Material Co.,Ltd, Curechem Group, Shandong Luwei Pharmaceutical Co., Ltd., Triveni Interchem Pvt. Ltd., Manav Drugs, Akhil Healthcare Private Limited, China BBCA Group Corporation, AB Mauri Lanka and Merck.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the vitamin C ingredients market report.
This chapter is intended to help readers understand the research methodology followed to reach conclusions and derive important qualitative and quantitative information, about the vitamin C ingredients market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits