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.
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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.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Vitamin C (Ascorbic Acid) in these regions,
from 2012 to 2022 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Vitamin C (Ascorbic Acid) market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
CSPC Pharmaceutical Group
•
DSM
•
Shandong Luwei Pharmaceutical
•
Northeast Pharmaceutical
•
North China Pharmaceutical
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