Market Overview:
The global L-Ascorbic Acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for L-Ascorbic Acid from various applications such as food & beverage, pharmaceuticals & healthcare, feed and cosmetics. North America is expected to lead the global L-Ascorbic Acid market during the forecast period owing to the presence of major players in this region and rising demand for food grade L-Ascorbic Acid from food processing industries.
Product Definition:
L-Ascorbic acid is a water soluble vitamin found in fruits and vegetables. It is important for the body to form collagen, a protein that helps keep skin, bones, and other tissues healthy.
Food Grade:
Food-grade is the purest form of ascorbic acid, which is used in food & beverage industry for its antioxidant properties. It has no commercial usage other than in food products. Ascorbic acid can be derived from different sources such as vegetables (such as sweet potatoes), fruits (such a mangoes), and chemical synthesis. Food grade product contains natural ingredients with minimum additives or chemicals added during production process, to maintain its purity standards.
Pharmaceutical Grade:
Pharmaceutical grade is the purest form of Ascorbic Acid available in the market. It has no color, taste, or odor and can be used directly in pharmaceutical formulations. Ascending demand for low-cost & high potency vitamin C as an antioxidant and potential collagen supplement will boost product demand over the next few years.
Ascorbic acid is a type of Vitamin C that functions as an antioxidant and anti-aging agent.
Application Insights:
The market is segmented by application into food & beverage, pharmaceuticals & healthcare, feed and cosmetics. The food grade was the largest application segment in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030 owing to its wide range of applications in processed foods including bakery products, frozen foods and soft drinks among others.
L-ascorbic acid has numerous applications as a nutritional supplement for humans which includes treatment of vitamin C deficiency states such as scurvy among other diseases where it acts as an antioxidant or anti-inflammatory agent. It also finds several uses in the cosmetic industry for skin aging prevention through its moisturizing properties along with high stability towards lightening pigmentation caused due to exposure to UV radiations (light).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a revenue share of over 35%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing product demand from emerging economies, such as China, India, and Japan. Rising consumer health awareness coupled with rising disposable income levels will also have a positive impact on industry growth.
Europe is anticipated to witness significant growth during the forecast period owing to stringent regulations by various regulatory bodies regarding L-ascorbic acid usage in feed additives applications. In addition, growing cosmetics industry due to increased spending power of consumers will fuel overall market development in this region.
Growth Factors:
- Increasing demand for L-Ascorbic Acid in food and beverage industry as a preservative and antioxidant.
- Rising awareness about the health benefits of L-Ascorbic Acid among consumers.
- Growing use of L-Ascorbic Acid in pharmaceuticals and nutraceuticals products.
- Increasing research on the therapeutic potential of L-ascorbic acid for various diseases conditions.
Scope Of The Report
Report Attributes
Report Details
Report Title
L-Ascorbic Acid Market Research Report
By Type
Food Grade, Pharmaceutical Grade, Feed Grade
By Application
Food & Beverage, Pharmaceuticals & Healthcare, Feed, Cosmetics
By Companies
DSM, CSPC Pharma, Shandong Luwei, Northeast Pharma, North China Pharma, Shandong Tianli, Ningxia Qiyuan, Zhengzhou Tuoyang, Henan Huaxing, Anhui Tiger
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global L-Ascorbic Acid Market Report Segments:
The global L-Ascorbic Acid market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade, Feed Grade
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
Food & Beverage, Pharmaceuticals & Healthcare, Feed, Cosmetics
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:
- DSM
- CSPC Pharma
- Shandong Luwei
- Northeast Pharma
- North China Pharma
- Shandong Tianli
- Ningxia Qiyuan
- Zhengzhou Tuoyang
- Henan Huaxing
- Anhui Tiger
Highlights of The L-Ascorbic Acid 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:
- Food Grade
- Pharmaceutical Grade
- Feed Grade
- By Application:
- Food & Beverage
- Pharmaceuticals & Healthcare
- Feed
- Cosmetics
- 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 L-Ascorbic Acid 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
- Channel & Customer 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?
Ascorbic acid is a water soluble vitamin C that helps the body produce collagen, which is important for skin health.
Some of the key players operating in the l-ascorbic acid market are DSM, CSPC Pharma, Shandong Luwei, Northeast Pharma, North China Pharma, Shandong Tianli, Ningxia Qiyuan, Zhengzhou Tuoyang, Henan Huaxing, Anhui Tiger.
The l-ascorbic acid market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 L-Ascorbic Acid 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 L-Ascorbic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 L-Ascorbic Acid 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 L-Ascorbic Acid 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 L-Ascorbic Acid Market Size & Forecast, 2018-2028
4.5.1 L-Ascorbic Acid Market Size and Y-o-Y Growth
4.5.2 L-Ascorbic Acid Market Absolute $ Opportunity
Chapter 5 Global L-Ascorbic Acid 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 L-Ascorbic Acid Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Pharmaceutical Grade
5.2.3 Feed Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global L-Ascorbic Acid 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 L-Ascorbic Acid Market Size Forecast by Applications
6.2.1 Food & Beverage
6.2.2 Pharmaceuticals & Healthcare
6.2.3 Feed
6.2.4 Cosmetics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global L-Ascorbic Acid 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 L-Ascorbic Acid 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 L-Ascorbic Acid Analysis and Forecast
9.1 Introduction
9.2 North America L-Ascorbic Acid 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 L-Ascorbic Acid Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Pharmaceutical Grade
9.6.3 Feed Grade
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 L-Ascorbic Acid Market Size Forecast by Applications
9.10.1 Food & Beverage
9.10.2 Pharmaceuticals & Healthcare
9.10.3 Feed
9.10.4 Cosmetics
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 L-Ascorbic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe L-Ascorbic Acid 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 L-Ascorbic Acid Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Pharmaceutical Grade
10.6.3 Feed Grade
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 L-Ascorbic Acid Market Size Forecast by Applications
10.10.1 Food & Beverage
10.10.2 Pharmaceuticals & Healthcare
10.10.3 Feed
10.10.4 Cosmetics
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 L-Ascorbic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific L-Ascorbic Acid 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 L-Ascorbic Acid Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Pharmaceutical Grade
11.6.3 Feed Grade
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 L-Ascorbic Acid Market Size Forecast by Applications
11.10.1 Food & Beverage
11.10.2 Pharmaceuticals & Healthcare
11.10.3 Feed
11.10.4 Cosmetics
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 L-Ascorbic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America L-Ascorbic Acid 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 L-Ascorbic Acid Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Pharmaceutical Grade
12.6.3 Feed Grade
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 L-Ascorbic Acid Market Size Forecast by Applications
12.10.1 Food & Beverage
12.10.2 Pharmaceuticals & Healthcare
12.10.3 Feed
12.10.4 Cosmetics
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) L-Ascorbic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) L-Ascorbic Acid 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) L-Ascorbic Acid Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Pharmaceutical Grade
13.6.3 Feed Grade
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) L-Ascorbic Acid Market Size Forecast by Applications
13.10.1 Food & Beverage
13.10.2 Pharmaceuticals & Healthcare
13.10.3 Feed
13.10.4 Cosmetics
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 L-Ascorbic Acid Market: Competitive Dashboard
14.2 Global L-Ascorbic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DSM
14.3.2 CSPC Pharma
14.3.3 Shandong Luwei
14.3.4 Northeast Pharma
14.3.5 North China Pharma
14.3.6 Shandong Tianli
14.3.7 Ningxia Qiyuan
14.3.8 Zhengzhou Tuoyang
14.3.9 Henan Huaxing
14.3.10 Anhui Tiger
