Global Vitamin C Market Size, Share, Trends and Forecast 2022-2030

Description

Ascorbic acid (Vitamin C), an essential nutrient found mainly in fruits and vegetables. The body requires ascorbic acid in order to form and maintain bones, blood vessels, and skin. Ascorbic acid also promotes the healing of cuts, abrasions and wounds; helps fight infections; inhibits conversion of irritants in smog, tobacco smoke, and certain foods into cancer-causing substances; appears to lessen the risk of developing high blood pressure and heart disease; helps regulate cholesterol levels; prevents the development of scurvy; appears to lower the risk of developing cataracts; and aids in iron absorption. Ascorbic acid can cause adverse reactions when taken with some drugs.
Industry Insights

Due to the COVID-19 pandemic, the global Vitamin C market size is estimated to be worth US$ 1213.9 million in 2021 and is forecast to a readjusted size of US$ 1517.3 million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Vitamin C market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Vitamin C landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.

China is the largest Production countries of vitamin C, with a production market share more than 80.82%.

The vitamin C is classified into the food grade, pharmaceutical grade, feed grade. As of 2019, food grade vitamin C segment dominates the market contributing about 64.0% of the total market share.

Vitamin C is major applied in Food & Beverage, Pharmaceuticals & Healthcare, Feed, Cosmetics industry, in 2019, demand for Food & Beverage industry occupied the largest market, with 57.7% share, while Pharmaceuticals & Healthcare and Feed share 32.5% and 7.8% respectively.

The vitamin C market is very concentrated market; key players include DSM, CSPC Pharma, Northeast Pharma, Shandong Luwei, Shandong Tianli, Anhui Tiger, Ningxia Qiyuan, Zhengzhou Tuoyang, Henan Huaxing; the revenue of top five manufacturers accounts about 82.3% of the total revenue.

This report focuses on Vitamin C volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Vitamin C market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: Europe and China., etc.

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Post-covid-19 Outlook

The readers in the section will understand how the Vitamin C market scenario changed across the globe during the pandemic and post-pandemic. The study is done keeping in view the changes in aspects such as sales, demand and supply chain. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Segmental Outlook

Key segments including type and application have been elaborated in this report. The consultants at QY Research have studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows sales and revenue data by type, and application during the historical period (2017-2022) and forecast period (2023-2028).

Segment by Type

Food Grade Vitamin C

Pharmaceutical Grade Vitamin C

Feed Grade Vitamin C

Segment by Application

Food & Beverage

Pharmaceuticals & Healthcare

Feed

Cosmetics

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2028. This information derived through comprehensive research will help the reader to get familiar with the potential value of the investment in a particular region.

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

UAE

Competitive Scenario

In this section, the readers will gain an understanding of the key players competing. The experts at QY Research have studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

DSM

CSPC Pharma

Northeast Pharma

Shandong Luwei

Shandong Tianli

Anhui Tiger

Ningxia Qiyuan

Zhengzhou Tuoyang

Henan Huaxing

TABLE OF CONTENT

1 Vitamin C Market Overview
1.1 Product Overview and Scope of Vitamin C

1.2 Vitamin C Segment by Type

1.2.1 Global Vitamin C Sales Growth Rate Comparison by Type (2022-2028)

1.2.2 Food Grade Vitamin C

1.2.3 Pharmaceutical Grade Vitamin C

1.2.4 Feed Grade Vitamin C

1.3 Vitamin C Segment by Application

1.3.1 Global Vitamin C Sales Comparison by Application: (2022-2028)

1.3.2 Food & Beverage

1.3.3 Pharmaceuticals & Healthcare

1.3.4 Feed

1.3.5 Cosmetics

1.4 Global Vitamin C Market Size Estimates and Forecasts

1.4.1 Global Vitamin C Revenue 2017-2028

1.4.2 Global Vitamin C Sales 2017-2028

1.4.3 Vitamin C Market Size by Region: 2017 Versus 2021 Versus 2028

2 Vitamin C Market Competition by Manufacturers

2.1 Global Vitamin C Sales Market Share by Manufacturers (2017-2022)

2.2 Global Vitamin C Revenue Market Share by Manufacturers (2017-2022)

2.3 Global Vitamin C Average Price by Manufacturers (2017-2022)

2.4 Manufacturers Vitamin C Manufacturing Sites, Area Served, Product Type

2.5 Vitamin C Market Competitive Situation and Trends

2.5.1 Vitamin C Market Concentration Rate

2.5.2 The Global Top 5 and Top 10 Largest Vitamin C Players Market Share by Revenue

2.5.3 Global Vitamin C Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.6 Manufacturers Mergers & Acquisitions, Expansion Plans

3 Vitamin C Retrospective Market Scenario by Region

3.1 Global Vitamin C Retrospective Market Scenario in Sales by Region: 2017-2022

3.2 Global Vitamin C Retrospective Market Scenario in Revenue by Region: 2017-2022

3.3 North America Vitamin C Market Facts & Figures by Country

3.3.1 North America Vitamin C Sales by Country

3.3.2 North America Vitamin C Revenue by Country

3.3.3 U.S.

3.3.4 Canada

3.4 Europe Vitamin C Market Facts & Figures by Country

3.4.1 Europe Vitamin C Sales by Country

3.4.2 Europe Vitamin C Revenue by Country

3.4.3 Germany

3.4.4 France

3.4.5 U.K.

3.4.6 Italy

3.4.7 Russia

3.5 Asia Pacific Vitamin C Market Facts & Figures by Region

3.5.1 Asia Pacific Vitamin C Sales by Region

3.5.2 Asia Pacific Vitamin C Revenue by Region

3.5.3 China

3.5.4 Japan

3.5.5 South Korea

3.5.6 India

3.5.7 Australia

3.5.8 Taiwan

3.5.9 Indonesia

3.5.10 Thailand

3.5.11 Malaysia

3.6 Latin America Vitamin C Market Facts & Figures by Country

3.6.1 Latin America Vitamin C Sales by Country

3.6.2 Latin America Vitamin C Revenue by Country

3.6.3 Mexico

3.6.4 Brazil

3.6.5 Argentina

3.7 Middle East and Africa Vitamin C Market Facts & Figures by Country

3.7.1 Middle East and Africa Vitamin C Sales by Country

3.7.2 Middle East and Africa Vitamin C Revenue by Country

3.7.3 Turkey

3.7.4 Saudi Arabia

3.7.5 UAE

4 Global Vitamin C Historic Market Analysis by Type

4.1 Global Vitamin C Sales Market Share by Type (2017-2022)

4.2 Global Vitamin C Revenue Market Share by Type (2017-2022)

4.3 Global Vitamin C Price by Type (2017-2022)

5 Global Vitamin C Historic Market Analysis by Application

5.1 Global Vitamin C Sales Market Share by Application (2017-2022)

5.2 Global Vitamin C Revenue Market Share by Application (2017-2022)

5.3 Global Vitamin C Price by Application (2017-2022)

6 Key Companies Profiled

6.1 DSM

6.1.1 DSM Corporation Information

6.1.2 DSM Description and Business Overview

6.1.3 DSM Vitamin C Sales, Revenue and Gross Margin (2017-2022)

6.1.4 DSM Vitamin C Product Portfolio

6.1.5 DSM Recent Developments/Updates

6.2 CSPC Pharma

6.2.1 CSPC Pharma Corporation Information

6.2.2 CSPC Pharma Description and Business Overview

6.2.3 CSPC Pharma Vitamin C Sales, Revenue and Gross Margin (2017-2022)

6.2.4 CSPC Pharma Vitamin C Product Portfolio

6.2.5 CSPC Pharma Recent Developments/Updates

6.3 Northeast Pharma

6.3.1 Northeast Pharma Corporation Information

6.3.2 Northeast Pharma Description and Business Overview

6.3.3 Northeast Pharma Vitamin C Sales, Revenue and Gross Margin (2017-2022)

6.3.4 Northeast Pharma Vitamin C Product Portfolio

6.3.5 Northeast Pharma Recent Developments/Updates

6.4 Shandong Luwei

6.4.1 Shandong Luwei Corporation Information

6.4.2 Shandong Luwei Description and Business Overview

6.4.3 Shandong Luwei Vitamin C Sales, Revenue and Gross Margin (2017-2022)

6.4.4 Shandong Luwei Vitamin C Product Portfolio

6.4.5 Shandong Luwei Recent Developments/Updates

6.5 Shandong Tianli

6.5.1 Shandong Tianli Corporation Information

6.5.2 Shandong Tianli Description and Business Overview

6.5.3 Shandong Tianli Vitamin C Sales, Revenue and Gross Margin (2017-2022)

6.5.4 Shandong Tianli Vitamin C Product Portfolio

6.5.5 Shandong Tianli Recent Developments/Updates

6.6 Anhui Tiger

6.6.1 Anhui Tiger Corporation Information

6.6.2 Anhui Tiger Description and Business Overview

6.6.3 Anhui Tiger Vitamin C Sales, Revenue and Gross Margin (2017-2022)

6.6.4 Anhui Tiger Vitamin C Product Portfolio

6.6.5 Anhui Tiger Recent Developments/Updates

6.7 Ningxia Qiyuan

6.6.1 Ningxia Qiyuan Corporation Information

6.6.2 Ningxia Qiyuan Description and Business Overview

6.6.3 Ningxia Qiyuan Vitamin C Sales, Revenue and Gross Margin (2017-2022)

6.4.4 Ningxia Qiyuan Vitamin C Product Portfolio

6.7.5 Ningxia Qiyuan Recent Developments/Updates

6.8 Zhengzhou Tuoyang

6.8.1 Zhengzhou Tuoyang Corporation Information

6.8.2 Zhengzhou Tuoyang Description and Business Overview

6.8.3 Zhengzhou Tuoyang Vitamin C Sales, Revenue and Gross Margin (2017-2022)

6.8.4 Zhengzhou Tuoyang Vitamin C Product Portfolio

6.8.5 Zhengzhou Tuoyang Recent Developments/Updates

6.9 Henan Huaxing

6.9.1 Henan Huaxing Corporation Information

6.9.2 Henan Huaxing Description and Business Overview

6.9.3 Henan Huaxing Vitamin C Sales, Revenue and Gross Margin (2017-2022)

6.9.4 Henan Huaxing Vitamin C Product Portfolio

6.9.5 Henan Huaxing Recent Developments/Updates

7 Vitamin C Manufacturing Cost Analysis

7.1 Vitamin C Key Raw Materials Analysis

7.1.1 Key Raw Materials

7.1.2 Key Suppliers of Raw Materials

7.2 Proportion of Manufacturing Cost Structure

7.3 Manufacturing Process Analysis of Vitamin C

7.4 Vitamin C Industrial Chain Analysis

8 Marketing Channel, Distributors and Customers

8.1 Marketing Channel

8.2 Vitamin C Distributors List

8.3 Vitamin C Customers

9 Vitamin C Market Dynamics

9.1 Vitamin C Industry Trends

9.2 Vitamin C Market Drivers

9.3 Vitamin C Market Challenges

9.4 Vitamin C Market Restraints

10 Global Market Forecast

10.1 Vitamin C Market Estimates and Projections by Type

10.1.1 Global Forecasted Sales of Vitamin C by Type (2023-2028)

10.1.2 Global Forecasted Revenue of Vitamin C by Type (2023-2028)

10.2 Vitamin C Market Estimates and Projections by Application

10.2.1 Global Forecasted Sales of Vitamin C by Application (2023-2028)

10.2.2 Global Forecasted Revenue of Vitamin C by Application (2023-2028)

10.3 Vitamin C Market Estimates and Projections by Region

10.3.1 Global Forecasted Sales of Vitamin C by Region (2023-2028)

10.3.2 Global Forecasted Revenue of Vitamin C by Region (2023-2028)

11 Research Finding and Conclusion

12 Methodology and Data Source

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Source

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Author List

12.4 Disclaimer

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