The global Vitamin C Ingredient market is set to witness growth at a CAGR of 5.7% and is anticipated to reach a valuation of around USD 4.5 Bn by 2032.
Consumers are more aware of high-quality food that contributes to excellent health and has a high nutritional value, which has influenced them to adopt healthy eating habits.
Because of their interest in food, millennials are on the lookout for high-quality items that are both nutritious and delicious. Vitamin C additives meet this desire by imparting flavor to food while also providing significant nutritional benefits.
These additives impart a pleasant tart flavor to a variety of foods, including sweets, jellies, jams, and fruit juices, as well as providing a flavor of acidity that gives customers the unique experience of fresh fruit. As a result, the vitamin C ingredients market is expected to grow steadily through 2032.
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Key Takeaways from Market Study
- The market is segmented based on product type, wherein ascorbic acid is anticipated to account for a significant part the market share over the forecast period.
- The East Asia vitamin C ingredient market is expected to hold a market share of over 45% during the forecast period.
- Vitamin C Ingredients produced in two-stage fermentation process is expected to hold a market share of over 50% in the forecast period
- Vitamin C ingredients found in synthetic form is anticipated to account for over 70% of the market share over the forecast years
“Growth in demand for vitamin C supplements is expected to augment sales of vitamin C ingredients over the forecast period,” says a Future Market Insights analyst.
Competitive Landscape
The market is increasingly fragmented with an expanding number of local and regional companies around the world. The majority of the market is served by key players such as Northeast Pharmaceutical Group Co., Ltd, Koninklijke DSM N.V, Foodchem International Corporation, CSPC Pharmaceutical Group Limited, North China Pharmaceutical Co., Ltd, and many more. The companies are putting their goods and technological know-how to work in the vitamin and mineral supplement industry, pushing innovation, promoting innovative products, and strategic planning and branding across social media platforms:
- Krating Daeng, a TCH Group brand, cooperated with DHC, Japan’s biggest food supplement company, in 2021 to cater to Thailand’s Vitamin C market
- NutriScience Innovations LLC has launched a natural vitamin C ingredient product called vitamin C acerola extract, which is derived from the vitamin C-rich acerola fruit. This is provided by the corporation for medicinal usage in order to increase human immunity
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global vitamin C ingredient market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Vitamin C Ingredients Market By Category
By Product Type, Vitamin C Ingredients Market is Segmented as:
- Ascorbic Acid
- Ascorbic Acid 90% Granulation
- Ascorbic Acid 95% Granulation
- Ascorbic Acid 97% Granulation
- Sodium Ascorbate
- Calcium Ascorbate
- Coated Vitamin C
- Others
By Form, Vitamin C Ingredients Market is Segmented as:
- Powder
- Granules
- Others
By Source, Vitamin C Ingredients Market is Segmented as:
- Natural
- Synthetic
By Process, Vitamin C Ingredients Market is Segmented as:
- Reichstein Process
- Two-Stage Fermentation Process
By End Use, Vitamin C Ingredients Market is Segmented as:
- Food & Beverages
- Cosmetics & Personal Care Products
- Pharmaceuticals
- Animal Feed
By Region, Vitamin C Ingredients Market is Segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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