Vitamin C Industry Research Report 2023

Vitamin C Industry Research Report 2023


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.

Highlights

The global Vitamin C market is projected to reach US$ million by 2029 from an estimated US$ million in 2023, at a CAGR of % during 2024 and 2029.
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.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Vitamin C, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vitamin C.
The Vitamin C market size, estimations, and forecasts are provided in terms of sales volume (Kg) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Vitamin C market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Vitamin C manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has 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 2018-2023. 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

Product Type Insights

Global markets are presented by Vitamin C type, along with growth forecasts through 2029. Estimates on sales and revenue are based on the price in the supply chain at which the Vitamin C are procured by the manufacturers.
This report has 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 during the historical period (2018-2023) and forecast period (2024-2029).
Vitamin C segment by Type
Food Grade Vitamin C
Pharmaceutical Grade Vitamin C
Feed Grade Vitamin C

Application Insights

This report has provided the market size (sales and revenue data) by application, during the historical period (2018-2023) and forecast period (2024-2029).
This report also outlines the market trends of each segment and consumer behaviors impacting the Vitamin C market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Vitamin C market.
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 2018-2029.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2021 because of the base year, with estimates for 2023 and forecast revenue for 2029.
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

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.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Vitamin C market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. 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.

Reasons to Buy This Report

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Vitamin C market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Vitamin C and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Vitamin C industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Vitamin C.
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Core Chapters

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Vitamin C manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Vitamin C by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Vitamin C in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.

Frequently Asked Questions

Which product segment grabbed the largest share in the Product Name market?
How is the competitive scenario of the Product Name market?
Which are the key factors aiding the Product Name market growth?
Which are the prominent players in the Product Name market?
Which region holds the maximum share in the Product Name market?
What will be the CAGR of the Product Name market during the forecast period?
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What key trends are likely to emerge in the Product Name market in the coming years?
What will be the Product Name market size by 2028?
Which company held the largest share in the Product Name market?


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Global Market Growth Prospects
2.2.1 Global Vitamin C Market Size (2018-2029) & (US$ Million)
2.2.2 Global Vitamin C Sales (2018-2029)
2.2.3 Global Vitamin C Market Average Price (2018-2029)
2.3 Vitamin C by Type
2.3.1 Market Value Comparison by Type (2018 VS 2022 VS 2029) & (US$ Million)
1.2.2 Food Grade Vitamin C
1.2.3 Pharmaceutical Grade Vitamin C
1.2.4 Feed Grade Vitamin C
2.4 Vitamin C by Application
2.4.1 Market Value Comparison by Application (2018 VS 2022 VS 2029) & (US$ Million)
2.4.2 Food & Beverage
2.4.3 Pharmaceuticals & Healthcare
2.4.4 Feed
2.4.5 Cosmetics
3 Market Competitive Landscape by Manufacturers
3.1 Global Vitamin C Market Competitive Situation by Manufacturers (2018 Versus 2022)
3.2 Global Vitamin C Sales (Kg) of Manufacturers (2018-2023)
3.3 Global Vitamin C Revenue of Manufacturers (2018-2023)
3.4 Global Vitamin C Average Price by Manufacturers (2018-2023)
3.5 Global Vitamin C Industry Ranking, 2021 VS 2022 VS 2023
3.6 Global Manufacturers of Vitamin C, Manufacturing Sites & Headquarters
3.7 Global Manufacturers of Vitamin C, Product Type & Application
3.8 Global Manufacturers of Vitamin C, Date of Enter into This Industry
3.9 Global Vitamin C Market CR5 and HHI
3.10 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 DSM
4.1.1 DSM Company Information
4.1.2 DSM Business Overview
4.1.3 DSM Vitamin C Sales, Revenue and Gross Margin (2018-2023)
4.1.4 DSM Vitamin C Product Portfolio
4.1.5 DSM Recent Developments
4.2 CSPC Pharma
4.2.1 CSPC Pharma Company Information
4.2.2 CSPC Pharma Business Overview
4.2.3 CSPC Pharma Vitamin C Sales, Revenue and Gross Margin (2018-2023)
4.2.4 CSPC Pharma Vitamin C Product Portfolio
4.2.5 CSPC Pharma Recent Developments
4.3 Northeast Pharma
4.3.1 Northeast Pharma Company Information
4.3.2 Northeast Pharma Business Overview
4.3.3 Northeast Pharma Vitamin C Sales, Revenue and Gross Margin (2018-2023)
4.3.4 Northeast Pharma Vitamin C Product Portfolio
4.3.5 Northeast Pharma Recent Developments
4.4 Shandong Luwei
4.4.1 Shandong Luwei Company Information
4.4.2 Shandong Luwei Business Overview
4.4.3 Shandong Luwei Vitamin C Sales, Revenue and Gross Margin (2018-2023)
4.4.4 Shandong Luwei Vitamin C Product Portfolio
4.4.5 Shandong Luwei Recent Developments
4.5 Shandong Tianli
4.5.1 Shandong Tianli Company Information
4.5.2 Shandong Tianli Business Overview
4.5.3 Shandong Tianli Vitamin C Sales, Revenue and Gross Margin (2018-2023)
6.5.4 Shandong Tianli Vitamin C Product Portfolio
6.5.5 Shandong Tianli Recent Developments
4.6 Anhui Tiger
4.6.1 Anhui Tiger Company Information
4.6.2 Anhui Tiger Business Overview
4.6.3 Anhui Tiger Vitamin C Sales, Revenue and Gross Margin (2018-2023)
4.6.4 Anhui Tiger Vitamin C Product Portfolio
4.6.5 Anhui Tiger Recent Developments
4.7 Ningxia Qiyuan
4.7.1 Ningxia Qiyuan Company Information
4.7.2 Ningxia Qiyuan Business Overview
4.7.3 Ningxia Qiyuan Vitamin C Sales, Revenue and Gross Margin (2018-2023)
4.7.4 Ningxia Qiyuan Vitamin C Product Portfolio
4.7.5 Ningxia Qiyuan Recent Developments
6.8 Zhengzhou Tuoyang
4.8.1 Zhengzhou Tuoyang Company Information
4.8.2 Zhengzhou Tuoyang Business Overview
4.8.3 Zhengzhou Tuoyang Vitamin C Sales, Revenue and Gross Margin (2018-2023)
4.8.4 Zhengzhou Tuoyang Vitamin C Product Portfolio
4.8.5 Zhengzhou Tuoyang Recent Developments
4.9 Henan Huaxing
4.9.1 Henan Huaxing Company Information
4.9.2 Henan Huaxing Business Overview
4.9.3 Henan Huaxing Vitamin C Sales, Revenue and Gross Margin (2018-2023)
4.9.4 Henan Huaxing Vitamin C Product Portfolio
4.9.5 Henan Huaxing Recent Developments
5 Global Vitamin C Market Scenario by Region
5.1 Global Vitamin C Market Size by Region: 2018 VS 2022 VS 2029
5.2 Global Vitamin C Sales by Region: 2018-2029
5.2.1 Global Vitamin C Sales by Region: 2018-2023
5.2.2 Global Vitamin C Sales by Region: 2024-2029
5.3 Global Vitamin C Revenue by Region: 2018-2029
5.3.1 Global Vitamin C Revenue by Region: 2018-2023
5.3.2 Global Vitamin C Revenue by Region: 2024-2029
5.4 North America Vitamin C Market Facts & Figures by Country
5.4.1 North America Vitamin C Market Size by Country: 2018 VS 2022 VS 2029
5.4.2 North America Vitamin C Sales by Country (2018-2029)
5.4.3 North America Vitamin C Revenue by Country (2018-2029)
5.4.4 United States
5.4.5 Canada
5.5 Europe Vitamin C Market Facts & Figures by Country
5.5.1 Europe Vitamin C Market Size by Country: 2018 VS 2022 VS 2029
5.5.2 Europe Vitamin C Sales by Country (2018-2029)
5.5.3 Europe Vitamin C Revenue by Country (2018-2029)
5.5.4 Germany
5.5.5 France
5.5.6 U.K.
5.5.7 Italy
5.5.8 Russia
5.6 Asia Pacific Vitamin C Market Facts & Figures by Country
5.6.1 Asia Pacific Vitamin C Market Size by Country: 2018 VS 2022 VS 2029
5.6.2 Asia Pacific Vitamin C Sales by Country (2018-2029)
5.6.3 Asia Pacific Vitamin C Revenue by Country (2018-2029)
5.6.4 China
5.6.5 Japan
5.6.6 South Korea
5.6.7 India
5.6.8 Australia
5.6.9 China Taiwan
5.6.10 Indonesia
5.6.11 Thailand
5.6.12 Malaysia
5.7 Latin America Vitamin C Market Facts & Figures by Country
5.7.1 Latin America Vitamin C Market Size by Country: 2018 VS 2022 VS 2029
5.7.2 Latin America Vitamin C Sales by Country (2018-2029)
5.7.3 Latin America Vitamin C Revenue by Country (2018-2029)
5.7.4 Mexico
5.7.5 Brazil
5.7.6 Argentina
5.8 Middle East and Africa Vitamin C Market Facts & Figures by Country
5.8.1 Middle East and Africa Vitamin C Market Size by Country: 2018 VS 2022 VS 2029
5.8.2 Middle East and Africa Vitamin C Sales by Country (2018-2029)
5.8.3 Middle East and Africa Vitamin C Revenue by Country (2018-2029)
5.8.4 Turkey
5.8.5 Saudi Arabia
5.8.6 UAE
6 Segment by Type
6.1 Global Vitamin C Sales by Type (2018-2029)
6.1.1 Global Vitamin C Sales by Type (2018-2029) & (Kg)
6.1.2 Global Vitamin C Sales Market Share by Type (2018-2029)
6.2 Global Vitamin C Revenue by Type (2018-2029)
6.2.1 Global Vitamin C Sales by Type (2018-2029) & (US$ Million)
6.2.2 Global Vitamin C Revenue Market Share by Type (2018-2029)
6.3 Global Vitamin C Price by Type (2018-2029)
7 Segment by Application
7.1 Global Vitamin C Sales by Application (2018-2029)
7.1.1 Global Vitamin C Sales by Application (2018-2029) & (Kg)
7.1.2 Global Vitamin C Sales Market Share by Application (2018-2029)
7.2 Global Vitamin C Revenue by Application (2018-2029)
6.2.1 Global Vitamin C Sales by Application (2018-2029) & (US$ Million)
6.2.2 Global Vitamin C Revenue Market Share by Application (2018-2029)
7.3 Global Vitamin C Price by Application (2018-2029)
8 Value Chain and Sales Channels Analysis of the Market
8.1 Vitamin C Value Chain Analysis
8.1.1 Vitamin C Key Raw Materials
8.1.2 Raw Materials Key Suppliers
8.1.3 Vitamin C Production Mode & Process
8.2 Vitamin C Sales Channels Analysis
8.2.1 Direct Comparison with Distribution Share
8.2.2 Vitamin C Distributors
8.2.3 Vitamin C Customers
9 Global Vitamin C Analyzing Market Dynamics
9.1 Vitamin C Industry Trends
9.2 Vitamin C Industry Drivers
9.3 Vitamin C Industry Opportunities and Challenges
9.4 Vitamin C Industry Restraints
10 Report Conclusion
11 Disclaimer

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