The global Vitamin C (Ascorbic Acid) market was valued at 118.22 Million USD in 2020 and will grow with a CAGR of 4.89% from 2020 to 2027, based on newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.The biggest consumer of this food additive is food and beverage industry, which counted about 60%; pharmaceutical industry count about 30% of the total demand, while feed industry counted about 7.8% in 2016. Since 2016, the price of ascorbic acid has increased steadily for several reasons. Factories in China that produce ascorbic acid are seriously considering price increases. From the beginning of 2016, prices of these products began to increase, followed by many other ingredients; starting in Q4, prices began to increase substantially. Ascorbic acid factories are underfunded due to the low price in recent years, resulting in a strong desire to raise prices.

By Market Verdors:

DSM

CSPC Pharma

Shandong Luwei

Northeast Pharma

North China Pharma

Shandong Tianli

Ningxia Qiyuan

Zhengzhou Tuoyang

Henan Huaxing

Anhui Tiger

By Types:

Food Grade

Pharmaceutical Grade

Feed Grade

By Applications:

Food & Beverage

Pharmaceuticals & Healthcare

Feed

Cosmetics

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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To understand the future outlook and prospects for the market.

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1 Report Overview

1.1 Study Scope

1.2 Key Market Segments

1.3 Players Covered: Ranking by Vitamin C (Ascorbic Acid) Revenue

1.4 Market Analysis by Type

1.4.1 Global Vitamin C (Ascorbic Acid) Market Size Growth Rate by Type: 2021 VS 2027

1.4.2 Food Grade

1.4.3 Pharmaceutical Grade

1.4.4 Feed Grade

1.5 Market by Application

1.5.1 Global Vitamin C (Ascorbic Acid) Market Share by Application: 2022-2027

1.5.2 Food & Beverage

1.5.3 Pharmaceuticals & Healthcare

1.5.4 Feed

1.5.5 Cosmetics

1.6 Study Objectives

1.7 Years Considered

1.8 Overview of Global Vitamin C (Ascorbic Acid) Market

1.8.1 Global Vitamin C (Ascorbic Acid) Market Status and Outlook (2016-2027)

1.8.2 North America

1.8.3 East Asia

1.8.4 Europe

1.8.5 South Asia

1.8.6 Southeast Asia

1.8.7 Middle East

1.8.8 Africa

1.8.9 Oceania

1.8.10 South America

1.8.11 Rest of the World

2 Market Competition by Manufacturers

2.1 Global Vitamin C (Ascorbic Acid) Production Capacity Market Share by Manufacturers (2016-2021)

2.2 Global Vitamin C (Ascorbic Acid) Revenue Market Share by Manufacturers (2016-2021)

2.3 Global Vitamin C (Ascorbic Acid) Average Price by Manufacturers (2016-2021)

2.4 Manufacturers Vitamin C (Ascorbic Acid) Production Sites, Area Served, Product Type

3 Sales by Region

3.1 Global Vitamin C (Ascorbic Acid) Sales Volume Market Share by Region (2016-2021)

3.2 Global Vitamin C (Ascorbic Acid) Sales Revenue Market Share by Region (2016-2021)

3.3 North America Vitamin C (Ascorbic Acid) Sales Volume

3.3.1 North America Vitamin C (Ascorbic Acid) Sales Volume Growth Rate (2016-2021)

3.3.2 North America Vitamin C (Ascorbic Acid) Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.4 East Asia Vitamin C (Ascorbic Acid) Sales Volume

3.4.1 East Asia Vitamin C (Ascorbic Acid) Sales Volume Growth Rate (2016-2021)

3.4.2 East Asia Vitamin C (Ascorbic Acid) Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.5 Europe Vitamin C (Ascorbic Acid) Sales Volume (2016-2021)

3.5.1 Europe Vitamin C (Ascorbic Acid) Sales Volume Growth Rate (2016-2021)

3.5.2 Europe Vitamin C (Ascorbic Acid) Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.6 South Asia Vitamin C (Ascorbic Acid) Sales Volume (2016-2021)

3.6.1 South Asia Vitamin C (Ascorbic Acid) Sales Volume Growth Rate (2016-2021)

3.6.2 South Asia Vitamin C (Ascorbic Acid) Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.7 Southeast Asia Vitamin C (Ascorbic Acid) Sales Volume (2016-2021)

3.7.1 Southeast Asia Vitamin C (Ascorbic Acid) Sales Volume Growth Rate (2016-2021)

3.7.2 Southeast Asia Vitamin C (Ascorbic Acid) Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.8 Middle East Vitamin C (Ascorbic Acid) Sales Volume (2016-2021)

3.8.1 Middle East Vitamin C (Ascorbic Acid) Sales Volume Growth Rate (2016-2021)

3.8.2 Middle East Vitamin C (Ascorbic Acid) Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.9 Africa Vitamin C (Ascorbic Acid) Sales Volume (2016-2021)

3.9.1 Africa Vitamin C (Ascorbic Acid) Sales Volume Growth Rate (2016-2021)

3.9.2 Africa Vitamin C (Ascorbic Acid) Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.10 Oceania Vitamin C (Ascorbic Acid) Sales Volume (2016-2021)

3.10.1 Oceania Vitamin C (Ascorbic Acid) Sales Volume Growth Rate (2016-2021)

3.10.2 Oceania Vitamin C (Ascorbic Acid) Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.11 South America Vitamin C (Ascorbic Acid) Sales Volume (2016-2021)

3.11.1 South America Vitamin C (Ascorbic Acid) Sales Volume Growth Rate (2016-2021)

3.11.2 South America Vitamin C (Ascorbic Acid) Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

3.12 Rest of the World Vitamin C (Ascorbic Acid) Sales Volume (2016-2021)

3.12.1 Rest of the World Vitamin C (Ascorbic Acid) Sales Volume Growth Rate (2016-2021)

3.12.2 Rest of the World Vitamin C (Ascorbic Acid) Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)

4 North America

4.1 North America Vitamin C (Ascorbic Acid) Consumption by Countries

4.2 United States

4.3 Canada

4.4 Mexico

5 East Asia

5.1 East Asia Vitamin C (Ascorbic Acid) Consumption by Countries

5.2 China

5.3 Japan

5.4 South Korea

6 Europe

6.1 Europe Vitamin C (Ascorbic Acid) Consumption by Countries

6.2 Germany

6.3 United Kingdom

6.4 France

6.5 Italy

6.6 Russia

6.7 Spain

6.8 Netherlands

6.9 Switzerland

6.10 Poland

7 South Asia

7.1 South Asia Vitamin C (Ascorbic Acid) Consumption by Countries

7.2 India

7.3 Pakistan

7.4 Bangladesh

8 Southeast Asia

8.1 Southeast Asia Vitamin C (Ascorbic Acid) Consumption by Countries

8.2 Indonesia

8.3 Thailand

8.4 Singapore

8.5 Malaysia

8.6 Philippines

8.7 Vietnam

8.8 Myanmar

9 Middle East

9.1 Middle East Vitamin C (Ascorbic Acid) Consumption by Countries

9.2 Turkey

9.3 Saudi Arabia

9.4 Iran

9.5 United Arab Emirates

9.6 Israel

9.7 Iraq

9.8 Qatar

9.9 Kuwait

9.10 Oman

10 Africa

10.1 Africa Vitamin C (Ascorbic Acid) Consumption by Countries

10.2 Nigeria

10.3 South Africa

10.4 Egypt

10.5 Algeria

10.6 Morocco

11 Oceania

11.1 Oceania Vitamin C (Ascorbic Acid) Consumption by Countries

11.2 Australia

11.3 New Zealand

12 South America

12.1 South America Vitamin C (Ascorbic Acid) Consumption by Countries

12.2 Brazil

12.3 Argentina

12.4 Columbia

12.5 Chile

12.6 Venezuela

12.7 Peru

12.8 Puerto Rico

12.9 Ecuador

13 Rest of the World

13.1 Rest of the World Vitamin C (Ascorbic Acid) Consumption by Countries

13.2 Kazakhstan

14 Sales Volume, Sales Revenue, Sales Price Trend by Type

14.1 Global Vitamin C (Ascorbic Acid) Sales Volume Market Share by Type (2016-2021)

14.2 Global Vitamin C (Ascorbic Acid) Sales Revenue Market Share by Type (2016-2021)

14.3 Global Vitamin C (Ascorbic Acid) Sales Price by Type (2016-2021)

15 Consumption Analysis by Application

15.1 Global Vitamin C (Ascorbic Acid) Consumption Volume by Application (2016-2021)

15.2 Global Vitamin C (Ascorbic Acid) Consumption Value by Application (2016-2021)

16 Company Profiles and Key Figures in Vitamin C (Ascorbic Acid) Business

16.1 DSM

16.1.1 DSM Company Profile

16.1.2 DSM Vitamin C (Ascorbic Acid) Product Specification

16.1.3 DSM Vitamin C (Ascorbic Acid) Production Capacity, Revenue, Price and Gross Margin (2016-2021)

16.2 CSPC Pharma

16.2.1 CSPC Pharma Company Profile

16.2.2 CSPC Pharma Vitamin C (Ascorbic Acid) Product Specification

16.2.3 CSPC Pharma Vitamin C (Ascorbic Acid) Production Capacity, Revenue, Price and Gross Margin (2016-2021)

16.3 Shandong Luwei

16.3.1 Shandong Luwei Company Profile

16.3.2 Shandong Luwei Vitamin C (Ascorbic Acid) Product Specification

16.3.3 Shandong Luwei Vitamin C (Ascorbic Acid) Production Capacity, Revenue, Price and Gross Margin (2016-2021)

16.4 Northeast Pharma

16.4.1 Northeast Pharma Company Profile

16.4.2 Northeast Pharma Vitamin C (Ascorbic Acid) Product Specification

16.4.3 Northeast Pharma Vitamin C (Ascorbic Acid) Production Capacity, Revenue, Price and Gross Margin (2016-2021)

16.5 North China Pharma

16.5.1 North China Pharma Company Profile

16.5.2 North China Pharma Vitamin C (Ascorbic Acid) Product Specification

16.5.3 North China Pharma Vitamin C (Ascorbic Acid) Production Capacity, Revenue, Price and Gross Margin (2016-2021)

16.6 Shandong Tianli

16.6.1 Shandong Tianli Company Profile

16.6.2 Shandong Tianli Vitamin C (Ascorbic Acid) Product Specification

16.6.3 Shandong Tianli Vitamin C (Ascorbic Acid) Production Capacity, Revenue, Price and Gross Margin (2016-2021)

16.7 Ningxia Qiyuan

16.7.1 Ningxia Qiyuan Company Profile

16.7.2 Ningxia Qiyuan Vitamin C (Ascorbic Acid) Product Specification

16.7.3 Ningxia Qiyuan Vitamin C (Ascorbic Acid) Production Capacity, Revenue, Price and Gross Margin (2016-2021)

16.8 Zhengzhou Tuoyang

16.8.1 Zhengzhou Tuoyang Company Profile

16.8.2 Zhengzhou Tuoyang Vitamin C (Ascorbic Acid) Product Specification

16.8.3 Zhengzhou Tuoyang Vitamin C (Ascorbic Acid) Production Capacity, Revenue, Price and Gross Margin (2016-2021)

16.9 Henan Huaxing

16.9.1 Henan Huaxing Company Profile

16.9.2 Henan Huaxing Vitamin C (Ascorbic Acid) Product Specification

16.9.3 Henan Huaxing Vitamin C (Ascorbic Acid) Production Capacity, Revenue, Price and Gross Margin (2016-2021)

16.10 Anhui Tiger

16.10.1 Anhui Tiger Company Profile

16.10.2 Anhui Tiger Vitamin C (Ascorbic Acid) Product Specification

16.10.3 Anhui Tiger Vitamin C (Ascorbic Acid) Production Capacity, Revenue, Price and Gross Margin (2016-2021)

17 Vitamin C (Ascorbic Acid) Manufacturing Cost Analysis

17.1 Vitamin C (Ascorbic Acid) Key Raw Materials Analysis

17.1.1 Key Raw Materials

17.2 Proportion of Manufacturing Cost Structure

17.3 Manufacturing Process Analysis of Vitamin C (Ascorbic Acid)

17.4 Vitamin C (Ascorbic Acid) Industrial Chain Analysis

18 Marketing Channel, Distributors and Customers

18.1 Marketing Channel

18.2 Vitamin C (Ascorbic Acid) Distributors List

18.3 Vitamin C (Ascorbic Acid) Customers

19 Market Dynamics

19.1 Market Trends

19.2 Opportunities and Drivers

19.3 Challenges

19.4 Porter's Five Forces Analysis

20 Production and Supply Forecast

20.1 Global Forecasted Production of Vitamin C (Ascorbic Acid) (2022-2027)

20.2 Global Forecasted Revenue of Vitamin C (Ascorbic Acid) (2022-2027)

20.3 Global Forecasted Price of Vitamin C (Ascorbic Acid) (2016-2027)

20.4 Global Forecasted Production of Vitamin C (Ascorbic Acid) by Region (2022-2027)

20.4.1 North America Vitamin C (Ascorbic Acid) Production, Revenue Forecast (2022-2027)

20.4.2 East Asia Vitamin C (Ascorbic Acid) Production, Revenue Forecast (2022-2027)

20.4.3 Europe Vitamin C (Ascorbic Acid) Production, Revenue Forecast (2022-2027)

20.4.4 South Asia Vitamin C (Ascorbic Acid) Production, Revenue Forecast (2022-2027)

20.4.5 Southeast Asia Vitamin C (Ascorbic Acid) Production, Revenue Forecast (2022-2027)

20.4.6 Middle East Vitamin C (Ascorbic Acid) Production, Revenue Forecast (2022-2027)

20.4.7 Africa Vitamin C (Ascorbic Acid) Production, Revenue Forecast (2022-2027)

20.4.8 Oceania Vitamin C (Ascorbic Acid) Production, Revenue Forecast (2022-2027)

20.4.9 South America Vitamin C (Ascorbic Acid) Production, Revenue Forecast (2022-2027)

20.4.10 Rest of the World Vitamin C (Ascorbic Acid) Production, Revenue Forecast (2022-2027)

20.5 Forecast by Type and by Application (2022-2027)

20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2022-2027)

20.5.2 Global Forecasted Consumption of Vitamin C (Ascorbic Acid) by Application (2022-2027)

21 Consumption and Demand Forecast

21.1 North America Forecasted Consumption of Vitamin C (Ascorbic Acid) by Country

21.2 East Asia Market Forecasted Consumption of Vitamin C (Ascorbic Acid) by Country

21.3 Europe Market Forecasted Consumption of Vitamin C (Ascorbic Acid) by Countriy

21.4 South Asia Forecasted Consumption of Vitamin C (Ascorbic Acid) by Country

21.5 Southeast Asia Forecasted Consumption of Vitamin C (Ascorbic Acid) by Country

21.6 Middle East Forecasted Consumption of Vitamin C (Ascorbic Acid) by Country

21.7 Africa Forecasted Consumption of Vitamin C (Ascorbic Acid) by Country

21.8 Oceania Forecasted Consumption of Vitamin C (Ascorbic Acid) by Country

21.9 South America Forecasted Consumption of Vitamin C (Ascorbic Acid) by Country

21.10 Rest of the world Forecasted Consumption of Vitamin C (Ascorbic Acid) by Country

22 Research Findings and Conclusion

23 Methodology and Data Source

23.1 Methodology/Research Approach

23.1.1 Research Programs/Design

23.1.2 Market Size Estimation

23.1.3 Market Breakdown and Data Triangulation

23.2 Data Source

23.2.1 Secondary Sources

23.2.2 Primary Sources

23.3 Disclaimer

Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources