The vitamin C market market would grow at a CAGR of 6.32% over the predicted time frame. The market is expected to increase in value from US$ 2.01 Bn in 2022 to US$ 15.7 Bn in 2030.
Key Takeaways:
- The amount of vitamin C generated in the Chinese markets happens to be 94% as compared to the globe
- By application the food and beverages industry garnered larger market share 59% in 2021
- In 2021, pharmaceuticals application segment accounted market share of around 20% and animal feed accounted 6.4%
- The North American region accounted larger market share 48% in 2021
- By source, the natural segment hit largest revenue share 64% in 2021 while synthetic segment garnered 36%
The on vitamin C Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.
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Report Scope of the Vitamin C Market
Report Coverage | Details |
Market Size by 2030 | USD 15.7 Billion |
Growth Rate from 2022 to 2030 | CAGR of 6.32% |
Pharmaceuticals Application Segment Share in 2021 | 20% |
North American Market Share in 2021 | 48% |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Segments Covered | Type, Source, Process, Application, Form, Geography |
A recent report provides crucial insights along with application based and forecast information in the Global Vitamin C Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Vitamin C market.
A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.
Companies and Manufacturers Covered
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Vitamin C market are included as given below:
Vitamin C Market Key Players
- Beijing Heronsbill Food Material Co.,Ltd (China)
- Duchefa Biochemie (Netherland)
- Medibro Corporation Limited (China)
- ADM (US)
- Sanofi (France)
- Bayer AG (Germany) Chemizo Enterprise (India)
- Foodchem International Corporation (China)
- Mudanjiang High-Tech Biochemical Co. Ltd. (China)
- Amway India Enterprises Pvt. Ltd (India)
- CSPC Pharmaceutical Group Limited (China)
- Glanbia plc (Ireland)
- Northeast Pharmaceutical Group Co.,Ltd. (China)
- The TNN Development Limited (China)
- Microbelcaps (Belgium)
- DSM (Netherlands)
- DuPont (US)
Market Segments
By Type
- Calcium Ascorbate
- Sodium Ascorbate
- Magnesium Ascorbate
- Coated Vitamin C
- Potassium Ascorbate
- D-Isoascorbic Acid
- Ascorbic Acid
- Others
By Source
- Natural
- Synthetic
By Process
- Two-stage Fermentation Process
- Reichstein Process
By Application
- Food and Beverages
- Pharmaceutical
- Cosmetics
- Animal feed
By Form
- Tablet
- Syrups
- Injections
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Report Objectives
- To define, describe, and forecast the global vitamin C market based on product, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
- To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the vitamin C market
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Vitamin C Market
5.1. COVID-19 Landscape: Vitamin C Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Vitamin C Market, By Type
8.1. Vitamin C Market, by Type, 2022-2030
8.1.1. Calcium Ascorbate
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Sodium Ascorbate
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Magnesium Ascorbate
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Coated Vitamin C
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Potassium Ascorbate
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. D-Isoascorbic Acid
8.1.6.1. Market Revenue and Forecast (2017-2030)
8.1.7. Ascorbic Acid
8.1.7.1. Market Revenue and Forecast (2017-2030)
8.1.8. Others
8.1.8.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Vitamin C Market, By Source
9.1. Vitamin C Market, by Source, 2022-2030
9.1.1. Natural
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Synthetic
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Vitamin C Market, By Process
10.1. Vitamin C Market, by Process, 2022-2030
10.1.1. Two-stage Fermentation Process
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Reichstein Process
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Vitamin C Market, By Application
11.1. Vitamin C Market, by Application, 2022-2030
11.1.1. Food and Beverages
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Pharmaceutical
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Cosmetics
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Animal feed
11.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Vitamin C Market, By Form
12.1. Vitamin C Market, by Form, 2022-2030
12.1.1. Tablet
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Syrups
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Injections
12.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Vitamin C Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.2. Market Revenue and Forecast, by Source (2017-2030)
13.1.3. Market Revenue and Forecast, by Process (2017-2030)
13.1.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.5. Market Revenue and Forecast, by Form (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Source (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Process (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.7. Market Revenue and Forecast, by Form (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Source (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Process (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Form (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.2. Market Revenue and Forecast, by Source (2017-2030)
13.2.3. Market Revenue and Forecast, by Process (2017-2030)
13.2.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.5. Market Revenue and Forecast, by Form (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Source (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Process (2017-2030)
13.2.7. Market Revenue and Forecast, by Application (2017-2030)
13.2.8. Market Revenue and Forecast, by Form (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Source (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Process (2017-2030)
13.2.10. Market Revenue and Forecast, by Application (2017-2030)
13.2.11. Market Revenue and Forecast, by Form (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Source (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Process (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.13. Market Revenue and Forecast, by Form (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Source (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Process (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.15. Market Revenue and Forecast, by Form (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.2. Market Revenue and Forecast, by Source (2017-2030)
13.3.3. Market Revenue and Forecast, by Process (2017-2030)
13.3.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.5. Market Revenue and Forecast, by Form (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Source (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Process (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.7. Market Revenue and Forecast, by Form (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Source (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Process (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.9. Market Revenue and Forecast, by Form (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Source (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Process (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Form (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Source (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Process (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Form (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.2. Market Revenue and Forecast, by Source (2017-2030)
13.4.3. Market Revenue and Forecast, by Process (2017-2030)
13.4.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.5. Market Revenue and Forecast, by Form (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Source (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Process (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.7. Market Revenue and Forecast, by Form (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Source (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Process (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.9. Market Revenue and Forecast, by Form (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Source (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Process (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Form (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Source (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Process (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Form (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.2. Market Revenue and Forecast, by Source (2017-2030)
13.5.3. Market Revenue and Forecast, by Process (2017-2030)
13.5.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.5. Market Revenue and Forecast, by Form (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Source (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Process (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.7. Market Revenue and Forecast, by Form (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Source (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Process (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Form (2017-2030)
Chapter 14. Company Profiles
14.1. Beijing Heronsbill Food Material Co.,Ltd
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Duchefa Biochemie
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Medibro Corporation Limited
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. ADM
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Sanofi
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Bayer AG (Germany) Chemizo Enterprise
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Foodchem International Corporation
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Mudanjiang High-Tech Biochemical Co. Ltd.
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Amway India Enterprises Pvt. Ltd
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. CSPC Pharmaceutical Group Limited
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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