Market Overview:
The global sodium ascorbyl phosphate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for nutritional supplements, feed additives, and cosmetic whitening agents. Sodium ascorbyl phosphate is used as an antioxidant and helps in preventing damage caused by free radicals. It also helps in maintaining the natural color of skin and hair. Additionally, it is used as a preservative in food products and prevents spoilage due to microbial activity.
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Product Definition:
Sodium Ascorbyl Phosphate is a water soluble form of Vitamin C that functions as an antioxidant. It has been shown to be more effective than other forms of Vitamin C in inhibiting the formation of melanin, and is less acidic. Sodium Ascorbyl Phosphate is also believed to have anti-inflammatory properties.
Purity 95%:
SAP is a chemical compound, which has the ability to enhance the quality of other substances. It enhances their nutritional value and taste. SAP is used in various food & beverage applications such as bakery products, dairy products, beverages (alcoholic and non-alcoholic), processed fruits & vegetables among others. The growing demand for high purity materials in various end-use industries including pharmaceuticals and personal care industry is expected to drive the market over the forecast period.
Purity 98%:
SAP is a chemical compound, which has vitamin C as it's main ingredient. It helps in boosting the immune system and also acts as an antioxidant. Vitamin C when mixed with water generates a scented vapor, which is called Pure Citrus Aurantium Solution or Purity 98%. This solution contains almost similar properties like the regular vitamin C powder; however, it does not have any side effects of consuming large amount of vitamin C in powdered form.
Application Insights:
The other application segment includes food additives, personal care products and pharmaceuticals. The growth of the personal care industry is expected to be driven by rising disposable income in developing countries such as India, China and Brazil. As a result, demand for various cosmetic products including skincare creams, makeup kits and haircare serums is anticipated to increase over the forecast period. This trend is likely to positively influence market growth over the coming years.
Nutritional supplements are widely used across North America and Europe due to increasing concerns regarding health issues among geriatric population groups coupled with growing fitness consciousness among millennials in developed regions such as Germany and U.K., respectively. SAP has emerged as an effective whitening agent owing to its high stability towards light; this property makes it suitable for use in nutritional supplements that are consumed before or after exposure to sunlight (as seen in photos).
Regional Analysis:
Asia Pacific was the largest market for sodium ascorbyl phosphate and accounted for a revenue share of over 40% in 2016. The region is expected to witness significant growth in the future due to rising demand from end-use industries such as cosmetics, feed additives, nutritional supplements and other. Increasing disposable income coupled with growing consumer awareness regarding health & hygiene issues is anticipated to drive industry expansion over the forecast period.
The increasing number of middle-class population groups in China and India on account of rapid urbanization along with rising purchasing power are projected to boost SAP consumption across these countries during the forecast period. Furthermore, expanding food & beverage sector owing to rapid industrialization coupled with government initiatives such as “Make in India†campaign are likely to have a positive impact on regional industry growth over next few years.
Growth Factors:
- Increasing demand for anti-aging products
- Rising awareness about the benefits of SAP
- Growing use of SAP in personal care products
- Increasing research and development activities for SAP
- Technological advancements in the field of SAP
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium Ascorbyl Phosphate(SAP) Market Research Report
By Type
Purity 95%, Purity 98%, Other
By Application
Nutritional Supplements, Feed Additives, Cosmetic Whitening Agent, Other
By Companies
DSM, Hubei Artec Biotechnology, Anhui Tianyin Biotech, Showa Denko Group, Xian Plamed
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Sodium Ascorbyl Phosphate(SAP) Market Report Segments:
The global Sodium Ascorbyl Phosphate(SAP) market is segmented on the basis of:
Types
Purity 95%, Purity 98%, Other
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
Nutritional Supplements, Feed Additives, Cosmetic Whitening Agent, 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:
- DSM
- Hubei Artec Biotechnology
- Anhui Tianyin Biotech
- Showa Denko Group
- Xian Plamed
 Market Overview.svg)
Highlights of The Sodium Ascorbyl Phosphate(SAP) 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:
- Purity 95%
- Purity 98%
- Other
- By Application:
- Nutritional Supplements
- Feed Additives
- Cosmetic Whitening Agent
- 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 Sodium Ascorbyl Phosphate(SAP) 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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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?
Sodium Ascorbyl Phosphate is a derivative of Vitamin C that has been specifically formulated to be absorbed into the skin. It helps to improve the appearance of skin by providing antioxidant protection and helping to reduce the appearance of wrinkles and age spots.
Some of the key players operating in the sodium ascorbyl phosphate(sap) market are DSM, Hubei Artec Biotechnology, Anhui Tianyin Biotech, Showa Denko Group, Xian Plamed.
The sodium ascorbyl phosphate(sap) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sodium Ascorbyl Phosphate(SAP) 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 Sodium Ascorbyl Phosphate(SAP) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sodium Ascorbyl Phosphate(SAP) 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 Sodium Ascorbyl Phosphate(SAP) 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 Sodium Ascorbyl Phosphate(SAP) Market Size & Forecast, 2020-2028
4.5.1 Sodium Ascorbyl Phosphate(SAP) Market Size and Y-o-Y Growth
4.5.2 Sodium Ascorbyl Phosphate(SAP) 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 Purity 95%
5.2.2 Purity 98%
5.2.3 Other
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 Nutritional Supplements
6.2.2 Feed Additives
6.2.3 Cosmetic Whitening Agent
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sodium Ascorbyl Phosphate(SAP) 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 Sodium Ascorbyl Phosphate(SAP) 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 Purity 95%
9.6.2 Purity 98%
9.6.3 Other
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 Nutritional Supplements
9.10.2 Feed Additives
9.10.3 Cosmetic Whitening Agent
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 Purity 95%
10.6.2 Purity 98%
10.6.3 Other
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 Nutritional Supplements
10.10.2 Feed Additives
10.10.3 Cosmetic Whitening Agent
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 Purity 95%
11.6.2 Purity 98%
11.6.3 Other
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 Nutritional Supplements
11.10.2 Feed Additives
11.10.3 Cosmetic Whitening Agent
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 Purity 95%
12.6.2 Purity 98%
12.6.3 Other
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 Nutritional Supplements
12.10.2 Feed Additives
12.10.3 Cosmetic Whitening Agent
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 Purity 95%
13.6.2 Purity 98%
13.6.3 Other
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 Nutritional Supplements
13.10.2 Feed Additives
13.10.3 Cosmetic Whitening Agent
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 Sodium Ascorbyl Phosphate(SAP) Market: Competitive Dashboard
14.2 Global Sodium Ascorbyl Phosphate(SAP) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DSM
14.3.2 Hubei Artec Biotechnology
14.3.3 Anhui Tianyin Biotech
14.3.4 Showa Denko Group
14.3.5 Xian Plamed
