Market Overview:
The global vitamin C market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for vitamin C in food and beverage, pharmaceuticals and healthcare, feed, and cosmetics applications. Food grade vitamin C held the largest share of the global market in 2017 owing to its widespread use as a food additive in various processed foods. Pharmaceutical grade vitaminC is projectedto be the fastest-growing segment during the forecast period due to its growing demand for use in nutraceuticals and dietary supplements.
Product Definition:
A water soluble vitamin that is necessary for the body to make collagen, a protein that is important for skin, bone, and cartilage health. Vitamin C also helps the body absorb iron from food.
Food Grade Vitamin C:
Food grade vitamin C is a type of vitamin C that has been purified, extracted and standardized for food and beverage applications. It can be derived from two different sources; either by using ascorbic acid (Vitamin C) in the natural state or through the separation of scorbic acid (vitamin c), which is done to obtain purest form of ascorbic acid.
Pharmaceutical Grade Vitamin C:
Pharmaceutical grade vitamin C is a pure form of vitamin C used in pharmaceuticals. It has no food or dietary supplement uses and is only used for medical purposes. Pharmaceutical grade products are highly purified and have no additives or fillers. They are produced using two different technologies namely; High Purity (HP) Technology and Ultra-High Purity (UH) Technology, which differentiate them from the food-grade product forms available in the market today.
Application Insights:
The food & beverage application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. The product is widely used as a preservative, antioxidant, and flavoring agent in various food products such as juices, soft drinks, dairy products, bakery & confectionery items. Furthermore, it plays an important role in maintaining human health by providing essential nutrients such as vitamin C that helps strengthen immunity against diseases.
Vitamin C has been proven to be beneficial for bone health owing to its ability to reduce calcium absorption from the gastrointestinal tract when consumed with meals high in phosphorus or oxalate content which reduces urinary calcium excretion thus improving bone mineralization process.
Regional Analysis:
North America was the largest market for global vitamin C in 2017. The region is expected to maintain its dominance over the forecast period owing to high consumer awareness regarding health and well-being, coupled with a strong preference for nutritional products. Furthermore, increasing demand for dietary supplements and functional foods & beverages is also likely to drive growth in this region.
Asia Pacific emerged as the fastest-growing regional market over the past few years on account of rising disposable income levels and changing food habits among consumers from major economies, such as China and India. Growing population along with increased consumption of vitamin C-based food products has led to an increase in product demand across these countries; however, limited penetration of pharmaceutical grade products due to lack of awareness about their benefits may hinder growth during the forecast period. Moreover, growing healthcare expenditure by governments along with rising investments by multinational companies will further fuel industry expansion over next eight years (2018 - 2030).
Growth Factors:
- Increasing demand for Vitamin C from dietary supplements and functional foods industries.
- Rising awareness about the health benefits of Vitamin C among consumers.
- Growing demand for natural and organic products containing Vitamin C.
- Increasing use of Vitamin C in personal care products such as skin care and hair care products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vitamin C Market Research Report
By Type
Food Grade Vitamin C, Pharmaceutical Grade Vitamin C, Feed Grade Vitamin C
By Application
Food & Beverage, Pharmaceuticals & Healthcare, Feed, Cosmetics
By Companies
DSM, CSPC Pharma, Northeast Pharma, Shandong Luwei, Shandong Tianli, Anhui Tiger, Ningxia Qiyuan, Zhengzhou Tuoyang, Henan Huaxing
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Vitamin C Market Report Segments:
The global Vitamin C market is segmented on the basis of:
Types
Food Grade Vitamin C, Pharmaceutical Grade Vitamin C, Feed Grade Vitamin C
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
- Northeast Pharma
- Shandong Luwei
- Shandong Tianli
- Anhui Tiger
- Ningxia Qiyuan
- Zhengzhou Tuoyang
- Henan Huaxing
Highlights of The Vitamin C 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 Vitamin C
- Pharmaceutical Grade Vitamin C
- Feed Grade Vitamin C
- 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 Vitamin C 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
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?
Vitamin C is a water soluble vitamin that helps the body to absorb iron and other minerals. It also helps to prevent infections, fight against cancer, and support the immune system.
Some of the key players operating in the vitamin c market are DSM, CSPC Pharma, Northeast Pharma, Shandong Luwei, Shandong Tianli, Anhui Tiger, Ningxia Qiyuan, Zhengzhou Tuoyang, Henan Huaxing.
The vitamin c 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 Vitamin C 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 Vitamin C Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vitamin C 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 Vitamin C 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 Vitamin C Market Size & Forecast, 2020-2028
4.5.1 Vitamin C Market Size and Y-o-Y Growth
4.5.2 Vitamin C 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 Food Grade Vitamin C
5.2.2 Pharmaceutical Grade Vitamin C
5.2.3 Feed Grade Vitamin C
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 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 Vitamin C 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 Vitamin C 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 Food Grade Vitamin C
9.6.2 Pharmaceutical Grade Vitamin C
9.6.3 Feed Grade Vitamin C
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 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 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 Food Grade Vitamin C
10.6.2 Pharmaceutical Grade Vitamin C
10.6.3 Feed Grade Vitamin C
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 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 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 Food Grade Vitamin C
11.6.2 Pharmaceutical Grade Vitamin C
11.6.3 Feed Grade Vitamin C
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 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 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 Food Grade Vitamin C
12.6.2 Pharmaceutical Grade Vitamin C
12.6.3 Feed Grade Vitamin C
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 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) 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 Food Grade Vitamin C
13.6.2 Pharmaceutical Grade Vitamin C
13.6.3 Feed Grade Vitamin C
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 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 Vitamin C Market: Competitive Dashboard
14.2 Global Vitamin C 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 Northeast Pharma
14.3.4 Shandong Luwei
14.3.5 Shandong Tianli
14.3.6 Anhui Tiger
14.3.7 Ningxia Qiyuan
14.3.8 Zhengzhou Tuoyang
14.3.9 Henan Huaxing
