Global Ascorbic Acid Market Growth 2023-2029

Global Ascorbic Acid Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Ascorbic Acid Industry Forecast” looks at past sales and reviews total world Ascorbic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Ascorbic Acid sales for 2023 through 2029. With Ascorbic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ascorbic Acid industry.

This Insight Report provides a comprehensive analysis of the global Ascorbic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ascorbic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ascorbic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ascorbic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ascorbic Acid.

The global Ascorbic Acid market size is projected to grow from US$ 1358.9 million in 2022 to US$ 1909.5 million in 2029; it is expected to grow at a CAGR of 1909.5 from 2023 to 2029.

Global Vitamin C (Ascorbic Acid) main players are DSM, CSPC Pharma, Shandong Luwei, Northeast Pharma, etc. Global top four manufacturers hold a share over 80%. China is the largest market, with a share nearly 85%.

This report presents a comprehensive overview, market shares, and growth opportunities of Ascorbic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Tablets
Capsules
Others

Segmentation by application
Pharmaceuticals
Food and Beverages
Personal Care
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nestle
North China Pharmaceutical
Aland Nutraceuticals Group
Dishman Group
DSM
Shandong Luwei Pharmaceutical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ascorbic Acid market?

What factors are driving Ascorbic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ascorbic Acid market opportunities vary by end market size?

How does Ascorbic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.