Global Vitamin C Market Report Size, Trends & Growth Opportunity, By Application(Food and Beverages, Pharmaceutical, Cosmetics, Animal feed), By Product Type (Calcium Ascorbate, Sodium Ascorbate, Magnesium Ascorbate, Coated Vitamin C, Potassium Ascorbate, D-Isoascorbic Acid, Ascorbic Acid, Others), Bar Ends/Grips, Kickstands, Saddles & Covers, Mud Flaps, Speedometers, Horns, Fenders), By Source(Natural, Synthetic), ByRegion (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2027.
Global Vitamin C Market
The Global Vitamin C Market is estimated to be USD1026.90Mn in 2021 and is projected to reach USD 1767.92Mn by 2027, growing at a CAGR of 7.42%.
Vitamin C is an essential nutrient that is beneficial to the body and any cardiovascular illness can be prevented using this. For healthy prenatal development and aids in preventing any fetal health issues, Vitamin C is beneficial.
Market Drivers
One of the main factors for the growth of the Vitamin C market is the Multiple benefits linked with vitamin C. It is important in the body's capacity to produce collagen and repair damaged cells. Also, A absence of vitamin C may lead to muscle weakness, joint pain, and bleeding gums.
Moreover, demand for sodium ascorbate is likely to drive the market's growth because of its ability to be rapidly absorbed by the body and to stay there longer.
Additionally, growing awareness amongst consumers about the role of Vitamin C in boosting immunity is likely to propel market growth.
Market Restraints
Side effects like skin flushing, hyperoxaluria, nausea, vomiting, and diarrhea related to an overdose of vitamin c are one of the key restraining factors for the market growth.
Moreover, the manufacturing cost of vitamin C is high which also hampers market growth.
Market Segmentation
Four primary categories make up the segmentation of the vitamin C market. The market is divided into categories based on application, including food and beverage, pharmaceuticals, cosmetics, and animal feed. There are two types of products on the market, natural and synthetic, the source said. The product categories on the market include coated vitamin C, potassium ascorbate, calcium ascorbate, sodium ascorbate, D-isoascorbic acid, ascorbic acid, sodium ascorbate, calcium ascorbate, sodium ascorbate, and magnesium ascorbate. The six regions that make up the market are North America, Europe, Asia Pacific, Latin America, and the Middle East.
Regional Analysis
Due to rising demand for various vitamin C-containing pharmaceutical and cosmetic products as well as rising consumer disposable income, the North American area dominated the global vitamin C market. Asia-Pacific is anticipated to be the fastest-growing region throughout the forecast period due to the growing demand for vitamin C products in this region and rising awareness among consumers regarding the advantages of vitamin C in this region.
Market Key Players
The following companies are some of the major players in the global vitamin C market: CSP Pharmaceutical Group Limited, China BBCA Group Corporation, Glanbia Nutritionals China (Suzhou) Co., Ltd., Foodchem International Corporation, Koninklijke DSM N.V., Northeast Pharmaceutical Group Co., Ltd., Hunan Sunshine Bio-Tech Co., Ltd., Microbelcaps, Vitamin Energy, and Hangzhou Focus Corporation.
Industry development
To meet consumer demand, Cipla Health Ltd. introduced Maxirich C+ Zinc as a new product in 2021. The main source of chewable vitamin C is Maxirich C+ Zinc. Maxirich Vitamin C+ Zinc boosts immunity while reducing weariness. They come in a tart orange flavour that is comforting to the palate.
To assist those who are fasting throughout Ramadan in overcoming immune system issues, Bayer unveiled its new Redoxon Triple Action Supplement in April 2019.
In 2019, Vitamin Energy launched a combination of CBD and Energy for customers who were demanding the CBD-infused Product. ng during Ramadan to overcome immune system problems.
Market Taxonomy
By Type
• Sodium Ascorbate
• Calcium Ascorbate
• Potassium Ascorbate
• Magnesium Ascorbate
• Ascorbic Acid 90% Granulation
• D-Isoascorbic Acid
• Ascorbic Acid 95% Granulation
• Ascorbic Acid 97% Granulation
• Coated Vitamin C
• Others
By Source
• Natural
• Synthetic
By Process
• Reichstein
• Two-stage Fermentation
By Form
• Tonic
• Tablet
• Granules
• Injection
By Application
• Pharmaceutical
• Cosmetics
• Food and Beverage
• Animal Feed
Global Vitamin C Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Vitamin C Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Vitamin C Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Vitamin C Market Share Analysis, By Product Type
5.3 Vitamin C Market Size and Forecast, By Product Type
5.3.1 Calcium Ascorbate
5.3.2 Sodium Ascorbate
5.3.3 Magnesium Ascorbate
5.3.4 Coated Vitamin C
5.3.5 Potassium Ascorbate
5.3.6 D-Isoascorbic Acid
5.3.7 Ascorbic Acid
5.3.8 Others
6 Vitamin C Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Vitamin C Market Share Analysis, By Application
6.3 Vitamin C Market Size and Forecast, By Application
6.3.1 Food and Beverages
6.3.2 Pharmaceutical
6.3.3 Cosmetics
6.3.4 Animal feed
7 Vitamin C Market, By Source
7.1 Y-o-Y Growth Comparison, By Source
7.2 Vitamin C Market Share Analysis, By Source
7.3 Vitamin C Market Size and Forecast, By Source
7.3.1 Natural
7.3.2 Synthetic
8 Vitamin C Market, By Region
8.1 Vitamin C Market Share Analysis, By Region
8.2 Vitamin C Market Share Analysis, By Region
8.3 Vitamin C Market Size and Forecast, By Region
9 North America Vitamin C Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Vitamin C Market Share Analysis, By Product Type
9.3 North America Vitamin C Market Size and Forecast, By Application
9.4 North America Vitamin C Market Size and Forecast, By Source
9.5 North America Vitamin C Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Vitamin C Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Vitamin C Market Share Analysis, By Product Type
10.3 Europe Vitamin C Market Size and Forecast, By Application
10.4 Europe Vitamin C Market Size and Forecast, By Source
10.5 Europe Vitamin C Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Vitamin C Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Vitamin C Market Share Analysis, By Product Type
11.3 Asia Pacific Vitamin C Market Size and Forecast, By Application
11.4 Asia Pacific Vitamin C Market Size and Forecast, By Source
11.5 Asia Pacific Vitamin C Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Vitamin C Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Vitamin C Market Share Analysis, By Product Type
12.3 Latin America Vitamin C Market Size and Forecast, By Application
12.4 Latin America Vitamin C Market Size and Forecast, By Source
12.4 Latin America Vitamin C Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Vitamin C Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Vitamin C Market Share Analysis, By Product Type
13.3 Middle East Vitamin C Market Size and Forecast, By Application
13.4 Middle East Vitamin C Market Size and Forecast, By Source
13.5 Middle East Vitamin C Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 CSPC Pharmaceutical Group Limited
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 China BBCA Group Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Glanbia Nutritionals China (Suzhou) Co., Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Foodchem International Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Koninklijke DSM N.V.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Northeast Pharmaceutical Group Co., Ltd.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Hunan Sunshine Bio-Tech Co., Ltd.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Microbelcaps
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Vitamin Energy
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Hangzhou Focus Corporation
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
