Market Overview:
The global ascorbyl stearate market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for skin care and hair care products. Moreover, rising awareness about the benefits of ascorbyl stearate is also propelling the growth of this market. Based on type, the global ascorbyl stearate market has been segmented into 95% purity and 98% purity segments. The 98% purity segment is anticipated to account for a larger share in terms of revenue in 2018, owing to its superior quality and performance over other types available in the market. Based on application, the skin care products segment accounted for a major share in 2017 and is projected to maintain its dominance during the forecast period. This can be attributed to growing consumer preference for natural ingredients over synthetic ingredients in skin care products formulations.
Product Definition:
Ascorbyl stearate is a white powder that is insoluble in water but soluble in organic solvents. It is used as an antioxidant, to stabilize other antioxidants, and to improve the appearance of skin.
95% Purity:
Ascorbic acid is a well-known vitamin C and it has several applications in the food & beverage, pharmaceuticals, cosmetics, animal feed and chemical industries. It can be manufactured by two different methods which are called as hydrolysis and synthesis. Synthesis method requires expensive catalysts which increases the overall cost of product manufacturing thus reducing its demand in end-use industries.
98% Purity:
Ascorbic acid, also known as vitamin C or ascorbic acid is a naturally occurring compound used in the treatment of several diseases and for the prevention of others. It has a wide range of applications such as food industry, pharmaceuticals, cosmetics and dietary supplements. Ascorbic acid is manufactured by chemical synthesis using different fermentation processes with sugar substrates. The most common process used to produce it on an industrial scale is called fermentation using glucose or corn syrup as substrate.
Application Insights:
The skin care products segment led the global ascorbyl stearate market in 2017 and is projected to witness significant growth over the forecast period. The product has a moisturizing effect on the skin and helps in reducing inflammation. It also helps improve skin texture by providing moisture retention properties to the skin. Ascorbyl stearate is used in various anti-aging products for mature individuals, which help reduce wrinkles caused due to its hydrating properties for dry patches ofskin.
Ascorbyl stearate is widely utilized in hair care products as it imparts shine and enhances manageability along with strengthening hair shafts against breakage & fraying resulting from daily usage of styling agents such as heat & UV light treatments, bleachings, perming etcetera.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing product demand in personal care products and cosmetics industry. The region has witnessed significant growth in the cosmetics industry over the past few years, which is likely to propel product demand further.
Increasing awareness regarding skin diseases and disorders coupled with rising consumer spending on skincare products are some of the factors driving regional market growth. Moreover, growing middle-class population along with rapid urbanization has resulted in an increase in spending on hair care products, which will drive ascorbyl stearate market growth over the forecast period.
North America was one of major markets accounting for exceeding 25% share of global volume due to high consumption levels associated with dietary supplements.
Growth Factors:
- Increasing demand for Ascorbyl Stearate in cosmetics and personal care products owing to its anti-aging properties.
- Rising awareness about the benefits of Ascorbyl Stearate among consumers, especially in developed countries.
- Growing use of Ascorbyl Stearate as a natural preservative in food and beverage products.
- Increasing demand for Ascorbyl Stearate from the pharmaceutical industry as a key ingredient in various formulations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ascorbyl Stearate Market Research Report
By Type
95% Purity, 98% Purity
By Application
Skin Care Products, Hair Care Products, Cosmetics, Other
By Companies
Nikko Chemicals, Barnet Products, Sytheon, Shanghai Tiankan, Shanghai GREAF Biotech, Giga Fine Chemical, Hangzhou REB Technology, SOHO ANECO Chemicals, Zhuhai Beri Pharmaceutical, Nanxiong Improve Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Ascorbyl Stearate Market Report Segments:
The global Ascorbyl Stearate market is segmented on the basis of:
Types
95% Purity, 98% Purity
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Skin Care Products, Hair Care Products, Cosmetics, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nikko Chemicals
- Barnet Products
- Sytheon
- Shanghai Tiankan
- Shanghai GREAF Biotech
- Giga Fine Chemical
- Hangzhou REB Technology
- SOHO ANECO Chemicals
- Zhuhai Beri Pharmaceutical
- Nanxiong Improve Medical
Highlights of The Ascorbyl Stearate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 95% Purity
- 98% Purity
- By Application:
- Skin Care Products
- Hair Care Products
- Cosmetics
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ascorbyl Stearate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ascorbyl Stearate is a derivative of vitamin C that is used as an emollient and moisturizer.
Some of the major players in the ascorbyl stearate market are Nikko Chemicals, Barnet Products, Sytheon, Shanghai Tiankan, Shanghai GREAF Biotech, Giga Fine Chemical, Hangzhou REB Technology, SOHO ANECO Chemicals, Zhuhai Beri Pharmaceutical, Nanxiong Improve Medical.
The ascorbyl stearate market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ascorbyl Stearate Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Ascorbyl Stearate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ascorbyl Stearate Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Ascorbyl Stearate Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Ascorbyl Stearate Market Size & Forecast, 2020-2028 4.5.1 Ascorbyl Stearate Market Size and Y-o-Y Growth 4.5.2 Ascorbyl Stearate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 95% Purity
5.2.2 98% Purity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Skin Care Products
6.2.2 Hair Care Products
6.2.3 Cosmetics
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ascorbyl Stearate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ascorbyl Stearate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 95% Purity
9.6.2 98% Purity
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Skin Care Products
9.10.2 Hair Care Products
9.10.3 Cosmetics
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 95% Purity
10.6.2 98% Purity
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Skin Care Products
10.10.2 Hair Care Products
10.10.3 Cosmetics
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 95% Purity
11.6.2 98% Purity
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Skin Care Products
11.10.2 Hair Care Products
11.10.3 Cosmetics
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 95% Purity
12.6.2 98% Purity
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Skin Care Products
12.10.2 Hair Care Products
12.10.3 Cosmetics
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 95% Purity
13.6.2 98% Purity
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Skin Care Products
13.10.2 Hair Care Products
13.10.3 Cosmetics
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ascorbyl Stearate Market: Competitive Dashboard
14.2 Global Ascorbyl Stearate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nikko Chemicals
14.3.2 Barnet Products
14.3.3 Sytheon
14.3.4 Shanghai Tiankan
14.3.5 Shanghai GREAF Biotech
14.3.6 Giga Fine Chemical
14.3.7 Hangzhou REB Technology
14.3.8 SOHO ANECO Chemicals
14.3.9 Zhuhai Beri Pharmaceutical
14.3.10 Nanxiong Improve Medical