Vitamin C supplements are available in various forms like powders, tablets, capsules, and liquids. Many individuals prefer consuming vitamin C as a drink, such as lemonade or orange juice. Vitamin C is naturally present in vegetables and fruits and finds applications in numerous industries. The wide range of benefits associated with vitamin C makes it a popular choice among consumers. Notably, vitamin C plays a crucial role as an antioxidant, neutralizing harmful free radicals that can cause cell damage. Additionally, it contributes to the immune system by enhancing the activity of white blood cells.
According to Data Bridge Market Research, the Vitamin C Market accounted for USD 1,143.00 million in 2022, and expected to reach USD 2,131.00 million by 2030. The market is expected to grow with a CAGR of 8.10 % in the forecast period of 2023 to 2030.
“Multiple benefits associated with vitamin C”
Vitamin C, predominantly found in citrus fruits and various food products, plays a crucial role in collagen production and cellular repair within the body. Insufficient vitamin C intake can lead to symptoms like muscle weakness, joint pain, and bleeding gums. Given its role in enhancing the immune system, the demand for vitamin C has risen. It is known to alleviate the severity of common colds and flu, and studies indicate its potential in preventing more serious conditions like cancer and heart disease. The numerous benefits associated with vitamin C contribute to increased demand, thereby likely driving market growth in this sector.
What restraints the growth of vitamin C market?
“Availability of alternative options”
The market growth of vitamin C may be hindered by the rise in the availability of alternative options such as niacinamide, alpha arbutin, kojic acid, tranexamic acid, retinol, and others. Additionally, the presence of natural alternatives such as red pepper, orange, cooked broccoli, orange juice, grapefruit juice, and tomato can also impede the market's expansion. People are actively using other alternatives which hinders the market’s growth.
Segmentation: Global Vitamin C Market
The vitamin C market is segmented on the basis of type, source, process, form, and application.
- On the basis of type, the Vitamin C market is segmented into sodium ascorbate, calcium ascorbate, potassium ascorbate, magnesium ascorbate, ascorbic acid 90% granulation, d-isoascorbic acid, ascorbic acid 95% granulation, ascorbic acid 97% granulation, coated vitamin c, others.
- On the basis of source, the vitamin C market is segmented into natural, synthetic.
- On the basis of process, the vitamin C market is segmented into reichstein, two-stage fermentation.
- On the basis of form, the vitamin C market is segmented into tonic, tablet, granules, and injection.
- On the basis of application, the vitamin C market is segmented into pharmaceutical, cosmetics, food and beverage, animal feed.
Regional Insights: North America dominates the Vitamin C Market
North America dominates the market owing to the increasing level of disposable income in this region. Furthermore, the rising demand for vitamin C from the cosmetic industry will further boost the market growth in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the increasing demand for vitamin C products in this region. Moreover, increasing awareness among consumers regarding the advantages of vitamin C will further boost the market growth in this region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-vitamin-c-market
Recent Developments in Vitamin C Market
- In 2021, Cipla Health Ltd. launched a new product named Maxirich C+ Zinc to fulfill public demand. Maxirich C+ Zinc is the major source of vitamin C in its chewable form. Maxirich Vitamin C+ Zinc strengthens the immune system and helps lower fatigue. They are available in tangy orange flavor, soothing the taste buds.
The Prominent Key Players Operating in the Vitamin C Market Include:
- Foodchem International Corporation (China)
- CSPC Pharmaceutical Group Limited (China)
- Glanbia plc (Ireland)
- Northeast Pharmaceutical Group Co., Ltd ( NEPG ) (China)
- Duchefa Biochemie (Netherlands)
- DSM (Netherlands), ADM (U.S.)
- Bayer AG (Germany)
- Abbott (U.S.)
- Merck & Co., Inc. (U.S.)
- Anhui BBCA International Co., Ltd. (China)
- Vitamin Energy (U.S.)
- DuPont (U.S.)
- Sanofi (France)
- DSM Jiangshan Pharmaceutical (Jiangsu) Co., Ltd (China)
Above are the key players covered in the report, to know about more and exhaustive list of vitamin C market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Vitamin C Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
