Global Vitamin C Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Vitamin C Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Vitamin C, also known as ascorbic acid and l-ascorbic acid, is a vitamin found in various foods and sold as a dietary supplement. It is used to prevent and treat scurvy. Vitamin C is an essential nutrient involved in the repair of tissue and the enzymatic production of certain neurotransmitters.

Market Overview:

The latest research study on the global Vitamin C market finds that the global Vitamin C market reached a value of USD 7239.9 million in 2022. It’s expected that the market will achieve USD 11501.59 million by 2028, exhibiting a CAGR of 8.02% during the forecast period.

Pharmaceutical Industry

Vitamin C is widely used in pharmaceutical applications because it helps fight infections and support the immune system. Most pharmaceutical companies have prescribed vitamin C because it prevents cardiovascular disease, reduces harmful chemotherapeutic effects, and destroys tumors. As a result, increased spending on tablets or pharmaceuticals and increased health awareness will stimulate industry growth.

Excessive consumption of vitamin C is harmful

Long-term overdose of vitamin C, a series of adverse reactions. Because large doses change the regulation mechanism of vitamin C in the body, it accelerates the decomposition and excretion of vitamin C. Once it is stopped, it can cause withdrawal reaction, and early symptoms of scurvy, such as swelling of the gums, bleeding, loose teeth and so on. · Children with high doses of vitamin C during the growing period can make children susceptible to bone disease in the future.

Region Overview:

From 2022-2027, APAC is estimated to witness robust growth prospects.

Company Overview

Bayer is one of the major players operating in the Vitamin C market, holding a share of 20.48% in 2022.

Segmentation Overview:

By type, Tablet segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Nutritional Supplement Food, with a market share of 90.24% in 2021.

Key Companies in the global Vitamin C market covered in Chapter 3:

Pfizer (Centrum, Emergen-C)
Bayer
BY-HEALTH
Abbott
Schiff Vitamins
Zhejiang Conba Pharmaceutical
Nutraceutics
The Nature's Bounty Co.
DSM
Nature Made
Amway

In Chapter 4 and Chapter 14.2, on the basis of types, the Vitamin C market from 2018 to 2029 is primarily split into:

Powder
Tablet
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Vitamin C market from 2018 to 2029 covers:

Pharmaceutical
Nutritional Supplement Food

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)