Vitamin C Market Overview, Analysis, Industry trends & Statistics, 2017-2024

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Vitamin C Market Analysis, Application trends,
Forecast to 2024 Global Market Insights Inc.
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Regional Analysis of Vitamin C Market

• North America, driven by Canada and the U.S
  vitamin C market size may witness strong growth
  owning to increase in cosmetic and pharmaceutical
  sectors. Favourable regulatory guidelines along
  with companies are focusing towards launching new
  products to meet diverse and changing consumer
  needs.
• Europe vitamin C market size, driven by UK,
  France, Italy, and Germany may, show significant
  gains during the forecast timeframe. Change in
  consumer lifestyle accompanied by eating habits
  and lack of exercise is likely to affect human
  health, and thereby resulting rise in number of
  cardiovascular disease and diabetes. Ascorbic
  acid is registered food additives in the EU
  Community and is classified as GRAS, which has
  resulted in increasing food beverage sector in
  the region.
• Asia Pacific led by Japan, India, and China
  vitamin C market size may witness fastest growth
  rate during the foreseeable future. Increasing
  consumer concentration towards fitness along with
  rise in supplement consumption should favour
  regional growth.

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• Application Analysis of Vitamin C Market
• Ascorbic acid is widely used in pharmaceutical
  applications as it helps fight against infection
  and support immune system. Global pharmaceutical
  market size is poised to exceed USD 1.3 trillion
  in business by 2024. Rise in consumer spending in
  tablets or medicines along with increasing health
  consciousness should stimulate industry growth.
  Most of the pharmaceutical companies prescribe
  Vitamin C as it prevent CVD disease, reduces
  harmful chemotherapy effects, and destroy
  tumours.
• Vitamin C and its salts are used in cosmetics and
  personal care products formulation owing to slow
  deterioration caused by exposure to the air and
  control finished product pH. It rejuvenates skin
  and reduces wrinkles and aging. In addition, it
  accelerates wound healing wounds and improves
  skin elasticity. Global personal care or cosmetic
  market may witness significant gains at over 5.
  Rising anti-aging cremes, sunscreen lotions, and
  other bio-based products owing to varying
  climatic dynamics should fuel vitamin C demand.

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Competitive Market Share of Vitamin C Market

• Wheat or corn are the key raw materials used for
  manufacturing process. Fluctuating raw material
  costs may pose threat to demand supply gap and
  affect vitamin C market price trend. However,
  favourable government regulations by EPA and FDA
  regarding ascorbic acid usage in food beverage
  may stimulate industry growth.
• The global vitamin C market share is
  consolidated. Key companies operating in the
  market includes Amway, Abbott, Danisco, Bayer AG
  and Nutraceutics. Other prominent companies
  include BASF, DuPont, GlaxoSmithKline, and DSM.

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