Global Vitamin C (Ascorbic Acid) Market Research Report 2021 Professional Edition
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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
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
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
Research Methodology:
Vitamin C (Ascorbic Acid) Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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