The study forecasts and analyses the worldwide and regional Vitamin C Ingredients Market. The report includes revenue (USD Million) data from 2016 to 2021
Vitamin C Ingredients Market
Vitamin C is important for the growth and repair of tissues in all parts of the body. With the help of vitamin C, human body forms a vital protein that is utilized to form skin, ligaments, tendons, and blood vessels. Vitamin C also plays an important role to repair and maintain bone, cartilage, and teeth. It also helps with the absorption of iron into the body. Vitamin C also acts as antioxidant that block the damage caused by free radicals. With such varied importance, vitamin C plays a crucial role in the human body, which is why the demand for vitamin C ingredients is increasing all over the world.
The global vitamin C ingredients market is growing with significant rate due to factors such as increasing health awareness among the consumers, a growing number of vitamin C-deficient people around the world, and the growing importance of vitamin C containing products for skincare & wound healing. Consumers around the world are now more conscious about the healthy diet, as vitamin C players a crucial role in the growth, repair, and development of all body tissues, the demand for vitamin C for a healthy body always remains high. Furthermore, added benefits of vitamin C such as proper functioning of the immune system, absorption of iron, maintenance of cartilage, wound healing, and better health of bone & teeth is expected to propel the growth of the global market over the forecast period. On the other hand, overdoes of vitamin C can result in some allergies such as nausea, skin flushing, headache, etc. which may hamper the growth of the market over the forecast period. However, advances in encapsulation of vitamin C will provide better growth opportunities for the global vitamin C ingredients market.
COVID-19 pandemic situation has both positive and negative impacts on the market. Panic situations around the world have spurred the intake of immunity booster products which results in the high sale of vitamin C ingredients; this has resulted in overall growth in the revenue for the global vitamin C ingredients market. However, strict lockdowns, halt on the manufacturing process, and restriction on personal movement has hampered the growth of the market, as lockdown imposed by several governments resulted in disruption of the supply chain which has severely affected the overall sale of the vitamin C ingredients.
The global vitamin C ingredients market is bifurcated based on product type, process, forms, source, end-user, and region. Based on the product type, the market is divided into ascorbic acid 95% granulation, ascorbic acid 90% granulation & ascorbic acid 97% granulation, ascorbic acid, sodium ascorbate, vitamin C coated, and calcium ascorbate. Furthermore, the process segment is bifurcated into the Reichstein process and two-stage fermentation process. Based on forms, the global vitamin C ingredients market is split into powder and granules. The source segment is segmented into natural and synthetic. The end-user segment is divided into food, beverages, pharmaceuticals, cosmetics & personal care products, and animal feed.
Global Vitamin C Ingredients Market: Regional Analysis
Asia Pacific region is expected to register the fastest growth in the global vitamin C ingredients market. Factors augmenting the rapid growth of the market in this region include large consumer base, rising disposable income, and growing awareness about the added benefits of vitamin C for health. On the other side, North America is expected to be the dominant market followed by Europe over the forecast period. The significant market share of the North America region in the global vitamin C ingredients market is attributed to a large number of vitamin supplement consumers, rising demand for cosmetics containing vitamin C, and the presence of key market players in the region.
Key players operating in the global vitamin C ingredients market include The TNN Development Limited, CSPC Pharmaceutical Group Limited, Foodchem International Corporation, Merck, Northeast Pharmaceutical Group Co. Ltd., Koninklijke DSM N.V., Glanbia Nutritionals China Co., Ltd., North China Pharmaceutical Co., Ltd., Manav Drugs, Hunan Sunshine Bio-Tech Co., Ltd, Microbelcaps, Hangzhou Focus Corporation, China BBCA Group Corporation, and Triveni Interchem Pvt. Ltd., among others.
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