Global Ascorbic Acid Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	177 Pages	TechNavio	March, 2024	INF18674267

Best Price Guarantee
Price	from $2,500
Length	177 Pages
Publisher	TechNavio
Published Date	March, 2024
SKU	INF18674267

Global Ascorbic Acid Market 2024-2028

The ascorbic acid market is forecasted to grow by USD 379.16 mn during 2023-2028, accelerating at a CAGR of 5.16% during the forecast period. The report on the ascorbic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing prevalence of vitamin c deficiency, health benefits of consuming ascorbic acid, and rise in demand for stabilizers and antioxidant food ingredients.

Technavio's ascorbic acid market is segmented as below:

By Variant

Powder
Liquid

By End-user

Pharmaceutical
Food and beverages
Personal care
Others

By Geography

Europe
North America
APAC
South America
Middle East and Africa

This study identifies the growing preference for plant-based and vegan products as one of the prime reasons driving the ascorbic acid market growth during the next few years. Also, shift towards sustainable sourcing and production of ascorbic acid and advancements in production technologies of ascorbic acid will lead to sizable demand in the market.

The report on the ascorbic acid market covers the following areas:

Ascorbic acid market sizing
Ascorbic acid market forecast
Ascorbic acid market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ascorbic acid market vendors that include Anhui Elite Industrial Co. ltd., Ases Chemical Works, Avantor Inc, Blagden Specialty Chemicals Ltd., Central Drug House P Ltd., Foodchem International Corp., FUJIFILM Corp., GFS Chemicals Inc., Glanbia plc, Global Calcium Pvt. Ltd., Hydrite Chemical Co., Illinois Tool Works Inc., Koninklijke DSM NV, Luwei Pharmaceutical Group Co. Ltd., Medisca Inc., Merck KGaA, Muby Chemicals, Northeast Pharmaceutical Group Co. Ltd., Otto Chemie Pvt. Ltd., Reckon Organics Private Ltd., Spectrum Laboratory Products Inc., Thermo Fisher Scientific Inc., Univar Solutions Inc., and PHARMAVIT ApS. Also, the ascorbic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Variant
  - Table Executive Summary – Chart on Market Segmentation by End-user
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global ascorbic acid market 2018 - 2022
  - Table Historic Market Size – Data Table on global ascorbic acid market 2018 - 2022 ($ million)
- Variant Segment Analysis 2018 - 2022
  - Table Historic Market Size – Variant Segment 2018 - 2022 ($ million)
- End-user Segment Analysis 2018 - 2022
  - Table Historic Market Size – End-user Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Variant
- Market segments
  - Table Chart on Variant - Market share 2023-2028 (%)
  - Table Data Table on Variant - Market share 2023-2028 (%)
- Comparison by Variant
  - Table Chart on Comparison by Variant
  - Table Data Table on Comparison by Variant
- Powder - Market size and forecast 2023-2028
  - Table Chart on Powder - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Powder - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Powder - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Powder - Year-over-year growth 2023-2028 (%)
- Liquid - Market size and forecast 2023-2028
  - Table Chart on Liquid - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Liquid - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Liquid - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Liquid - Year-over-year growth 2023-2028 (%)
- Market opportunity by Variant
  - Table Market opportunity by Variant ($ million)
  - Table Data Table on Market opportunity by Variant ($ million)
Market Segmentation by End-user
- Market segments
  - Table Chart on End-user - Market share 2023-2028 (%)
  - Table Data Table on End-user - Market share 2023-2028 (%)
- Comparison by End-user
  - Table Chart on Comparison by End-user
  - Table Data Table on Comparison by End-user
- Pharmaceutical - Market size and forecast 2023-2028
  - Table Chart on Pharmaceutical - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Pharmaceutical - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Pharmaceutical - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Pharmaceutical - Year-over-year growth 2023-2028 (%)
- Food and beverages - Market size and forecast 2023- 2028
  - Table Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
- Personal care - Market size and forecast 2023-2028
  - Table Chart on Personal care - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Personal care - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Personal care - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Personal care - Year-over-year growth 2023-2028 (%)
- Others - Market size and forecast 2023-2028
  - Table Chart on Others - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Others - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Others - Year-over-year growth 2023-2028 (%)
- Market opportunity by End-user
  - Table Market opportunity by End-user ($ million)
  - Table Data Table on Market opportunity by End-user ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ million)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- UK - Market size and forecast 2023-2028
  - Table Chart on UK - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
  - Table Chart on UK - Year-over-year growth 2023-2028 (%)
  - Table Data Table on UK - Year-over-year growth 2023-2028 (%)
- Japan - Market size and forecast 2023-2028
  - Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Japan - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Increasing prevalence of vitamin C deficiency
  - Health benefits of consuming ascorbic acid
  - Rise in demand for stabilizers and antioxidant food ingredients
- Market challenges
  - Adverse effects associated with excessive intake of ascorbic acid
  - Price volatility of raw materials of ascorbic acid
  - Challenging regulatory environment in food and beverage industry
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Growing preference for plant-based and vegan products
  - Shift towards sustainable sourcing and production of ascorbic acid
  - Advancements in production technologies of ascorbic acid
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Avantor Inc
  - Table Avantor Inc - Overview
  - Table Avantor Inc - Business segments
  - Table Avantor Inc - Key news
  - Table Avantor Inc - Key offerings
  - Table Avantor Inc - Segment focus
- Central Drug House P Ltd.
  - Table Central Drug House P Ltd. - Overview
  - Table Central Drug House P Ltd. - Product / Service
  - Table Central Drug House P Ltd. - Key offerings
- Foodchem International Corp.
  - Table Foodchem International Corp. - Overview
  - Table Foodchem International Corp. - Product / Service
  - Table Foodchem International Corp. - Key offerings
- FUJIFILM Corp.
  - Table FUJIFILM Corp. - Overview
  - Table FUJIFILM Corp. - Business segments
  - Table FUJIFILM Corp. - Key news
  - Table FUJIFILM Corp. - Key offerings
  - Table FUJIFILM Corp. - Segment focus
- GFS Chemicals Inc.
  - Table GFS Chemicals Inc. - Overview
  - Table GFS Chemicals Inc. - Product / Service
  - Table GFS Chemicals Inc. - Key offerings
- Glanbia plc
  - Table Glanbia plc - Overview
  - Table Glanbia plc - Business segments
  - Table Glanbia plc - Key news
  - Table Glanbia plc - Key offerings
  - Table Glanbia plc - Segment focus
- Hydrite Chemical Co.
  - Table Hydrite Chemical Co. - Overview
  - Table Hydrite Chemical Co. - Product / Service
  - Table Hydrite Chemical Co. - Key offerings
- Illinois Tool Works Inc.
  - Table Illinois Tool Works Inc. - Overview
  - Table Illinois Tool Works Inc. - Business segments
  - Table Illinois Tool Works Inc. - Key news
  - Table Illinois Tool Works Inc. - Key offerings
  - Table Illinois Tool Works Inc. - Segment focus
- Koninklijke DSM NV
  - Table Koninklijke DSM NV - Overview
  - Table Koninklijke DSM NV - Business segments
  - Table Koninklijke DSM NV - Key news
  - Table Koninklijke DSM NV - Key offerings
  - Table Koninklijke DSM NV - Segment focus
- Merck KGaA
  - Table Merck KGaA - Overview
  - Table Merck KGaA - Business segments
  - Table Merck KGaA - Key news
  - Table Merck KGaA - Key offerings
  - Table Merck KGaA - Segment focus
- Muby Chemicals
  - Table Muby Chemicals - Overview
  - Table Muby Chemicals - Product / Service
  - Table Muby Chemicals - Key offerings
- Otto Chemie Pvt. Ltd.
  - Table Otto Chemie Pvt. Ltd. - Overview
  - Table Otto Chemie Pvt. Ltd. - Product / Service
  - Table Otto Chemie Pvt. Ltd. - Key offerings
- Spectrum Laboratory Products Inc.
  - Table Spectrum Laboratory Products Inc. - Overview
  - Table Spectrum Laboratory Products Inc. - Product / Service
  - Table Spectrum Laboratory Products Inc. - Key offerings
- Thermo Fisher Scientific Inc.
  - Table Thermo Fisher Scientific Inc. - Overview
  - Table Thermo Fisher Scientific Inc. - Business segments
  - Table Thermo Fisher Scientific Inc. - Key news
  - Table Thermo Fisher Scientific Inc. - Key offerings
  - Table Thermo Fisher Scientific Inc. - Segment focus
- Univar Solutions Inc.
  - Table Univar Solutions Inc. - Overview
  - Table Univar Solutions Inc. - Business segments
  - Table Univar Solutions Inc. - Key offerings
  - Table Univar Solutions Inc. - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations