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Ascorbic Acid Market

Ascorbic Acid Market

Ascorbic Acid Market - Global Industry Assessment & Forecast

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Biotechnology and Life Sciences
Number Of Pages # Pages:

147

Base Year:

2022

Date

Mar - 2023

Format:

PDF XLS PPT

Report Code:

VMR-2040

Segments Covered
  • By Applications By Applications Food & Beverages, Pharmaceutical, Beauty & Personal Care, Animal Feed
  • By Types By Types Potassium Ascorbate, Calcium Ascorbate, Magnesium Ascorbate, Other Types
  • By Forms By Forms Powder, Liquid
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 1.4 Billion
Revenue 2030Revenue 2030: USD 2.0 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 5.5%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
  1. Executive Dashboard
    1. Strategic Imperatives
  2. Premium Insights
    1. Top 3 Trends to Watch
    2. Demand and Supply Trends
    3. Top 3 Strategies Followed by Major Players
    4. Top 3 Predictions by Vantage Market Research
    5. Top Investment Pockets
    6. Insights from Primary Respondents
  3. Global Ascorbic Acid Market - Segment Analysis
    1. Overview
    2. Global Ascorbic Acid Market, 2016 - 2028 (USD Million)
    3. Global Ascorbic Acid Market - by Applications
      1. By Food & Beverages
      2. By Pharmaceutical
      3. By Beauty & Personal Care
      4. By Animal Feed
    4. Global Ascorbic Acid Market - by Types
      1. By Potassium Ascorbate
      2. By Calcium Ascorbate
      3. By Magnesium Ascorbate
      4. By Other Types
    5. Global Ascorbic Acid Market - by Forms
      1. By Powder
      2. By Liquid
    6. Global Ascorbic Acid Market - by region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East & Africa
    7. Market comparative analysis
  4. North America Ascorbic Acid Market - Segment Analysis
    1. Overview
    2. North America Ascorbic Acid Market, 2016 - 2028 (USD Million)
    3. North America Ascorbic Acid Market, by Applications
      1. By Food & Beverages
      2. By Pharmaceutical
      3. By Beauty & Personal Care
      4. By Animal Feed
    4. North America Ascorbic Acid Market, by Types
      1. By Potassium Ascorbate
      2. By Calcium Ascorbate
      3. By Magnesium Ascorbate
      4. By Other Types
    5. North America Ascorbic Acid Market, by Forms
      1. By Powder
      2. By Liquid
    6. North America Ascorbic Acid Market, by Country
      1. U.S.
        1. U.S. Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. U.S. Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. U.S. Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      2. Canada
        1. Canada Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Canada Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Canada Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      3. Mexico
        1. Mexico Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Mexico Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Mexico Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
  5. Europe Ascorbic Acid Market - Segment Analysis
    1. Overview
    2. Europe Ascorbic Acid Market, 2016 - 2028 (USD Million)
    3. Europe Ascorbic Acid Market, by Applications
      1. By Food & Beverages
      2. By Pharmaceutical
      3. By Beauty & Personal Care
      4. By Animal Feed
    4. Europe Ascorbic Acid Market, by Types
      1. By Potassium Ascorbate
      2. By Calcium Ascorbate
      3. By Magnesium Ascorbate
      4. By Other Types
    5. Europe Ascorbic Acid Market, by Forms
      1. By Powder
      2. By Liquid
    6. Europe Ascorbic Acid Market, by Country
      1. Germany
        1. Germany Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Germany Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Germany Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      2. UK
        1. UK Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. UK Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. UK Market, By Forms
          1. By Powder
          2. By Liquid
      3. France
        1. France Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. France Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. France Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      4. Spain
        1. Spain Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Spain Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Spain Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      5. Italy
        1. Italy Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Italy Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Italy Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      6. BENELUX
        1. BENELUX Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. BENELUX Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. BENELUX Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      7. Rest of Europe
        1. Rest Of Europe Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Rest Of Europe Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Rest Of Europe Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
  6. Asia Pacific Ascorbic Acid Market - Segment Analysis
    1. Overview
    2. Asia Pacific Ascorbic Acid Market, 2016 - 2028 (USD Million)
    3. Asia Pacific Ascorbic Acid Market, by Applications
      1. By Food & Beverages
      2. By Pharmaceutical
      3. By Beauty & Personal Care
      4. By Animal Feed
    4. Asia Pacific Ascorbic Acid Market, by Types
      1. By Potassium Ascorbate
      2. By Calcium Ascorbate
      3. By Magnesium Ascorbate
      4. By Other Types
    5. Asia Pacific Ascorbic Acid Market, by Forms
      1. By Powder
      2. By Liquid
    6. Asia Pacific Ascorbic Acid Market, by Country
      1. China
        1. China Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. China Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. China Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      2. Japan
        1. Japan Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Japan Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Japan Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      3. India
        1. India Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. India Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. India Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      4. South Korea
        1. South Korea Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. South Korea Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. South Korea Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      5. South East Asia
        1. South East Asia Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. South East Asia Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. South East Asia Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      6. Rest of Asia Pacific
        1. Rest of Asia Pacific Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Rest of Asia Pacific Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Rest of Asia Pacific Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
  7. Latin America Ascorbic Acid Market - Segment Analysis
    1. Overview
    2. Latin America Ascorbic Acid Market, 2016 - 2028 (USD Million)
    3. Latin America Ascorbic Acid Market, by Applications
      1. By Food & Beverages
      2. By Pharmaceutical
      3. By Beauty & Personal Care
      4. By Animal Feed
    4. Latin America Ascorbic Acid Market, by Types
      1. By Potassium Ascorbate
      2. By Calcium Ascorbate
      3. By Magnesium Ascorbate
      4. By Other Types
    5. Latin America Ascorbic Acid Market, by Forms
      1. By Powder
      2. By Liquid
    6. Latin America Ascorbic Acid Market, by Country
      1. Brazil
        1. Brazil Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Brazil Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Brazil Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      2. Argentina
        1. Argentina Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Argentina Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Argentina Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      3. Rest of Latin America
        1. Rest of Latin America Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Rest of Latin America Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Rest of Latin America Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
  8. Middle East & Africa Ascorbic Acid Market - Segment Analysis
    1. Overview
    2. Middle East & Africa Ascorbic Acid Market, 2016 - 2028 (USD Million)
    3. Middle East & Africa Ascorbic Acid Market, by Applications
      1. By Food & Beverages
      2. By Pharmaceutical
      3. By Beauty & Personal Care
      4. By Animal Feed
    4. Middle East & Africa Ascorbic Acid Market, by Types
      1. By Potassium Ascorbate
      2. By Calcium Ascorbate
      3. By Magnesium Ascorbate
      4. By Other Types
    5. Middle East & Africa Ascorbic Acid Market, by Forms
      1. By Powder
      2. By Liquid
    6. Middle East & Africa Ascorbic Acid Market, by Country
      1. GCC Countries
        1. GCC Countries Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. GCC Countries Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. GCC Countries Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      2. South Africa
        1. South Africa Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. South Africa Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. South Africa Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
      3. Rest of Middle East & Africa
        1. Rest of Middle East & Africa Ascorbic Acid Market, By Applications
          1. By Food & Beverages
          2. By Pharmaceutical
          3. By Beauty & Personal Care
          4. By Animal Feed
        2. Rest of Middle East & Africa Ascorbic Acid Market, By Types
          1. By Potassium Ascorbate
          2. By Calcium Ascorbate
          3. By Magnesium Ascorbate
          4. By Other Types
        3. Rest of Middle East & Africa Ascorbic Acid Market, By Forms
          1. By Powder
          2. By Liquid
  9. Key Market Dynamics
    1. Introduction
    2. Market Drivers
    3. Market Restraints
    4. Market Opportunities
    5. Porter's Five Forces Analysis
    6. PEST Analysis
    7. Regulatory Landscape
    8. Technology Landscape
    9. Regional Market Trends
  10. COVID 19 Impact Analysis
    1. Key strategies undertaken by companies to tackle COVID-19
    2. Short term dynamics
    3. Long term dynamics
  11. Marketing Stratagy Analysis
    1. Marketing Channel
    2. Direct Marketing
    3. Indirect Marketing
    4. Marketing Channel Development Trends
  12. Competative Landscape
    1. Competition Matrix - 2021
    2. Company Market Share Analysis - 2021
    3. Key Company Activities, 2018 - 2021
    4. Strategic Developments - Heat Map Analysis
    5. Company Offering Evaluation
    6. Company Regional Presence Evaluation
  13. Company Profiles
    1. Luwei Pharmaceutical Group Co. Ltd. (China)
    2. Merck KGaA (Germany)
    3. Medisca Inc. (Canada)
    4. Vega Group Company Limited (China)
    5. Chemceed (U.S.)
    6. Reckon Organics Private Ltd. (India)
    7. Superior Supplement Manufacturing (U.S.)
    8. CSPC Pharmaceutical Group Limited (China)
    9. FUJIFILM Corporation (Japan)
    10. Muby Chemicals (India)
    11. Aland Health Holding Ltd (China)
    12. Bactolac Pharmaceutical Inc. (U.S.)
    13. Foodchem International Corporation (China)
    14. Botanic Healthcare (India)
    15. ACP Chemicals Inc (Canada)
    16. Pharmavit (U.S.)
    17. Northeast Pharmaceutical Group Co. Ltd. (China)
    18. Koninklijke (Netherlands)
    19. DSM N.V. (Netherlands)
    20. Blagden Specialty Chemicals Ltd. (U.K.)
    21. Glanbia PLC (Ireland)
  14. Key Primary Respondents - VERBATIM
  15. Discussion Guide
  16. Customization Offered
  17. Annexure
  18. List of Figures
  19. List of Tables
  20. List of Abbreviations
Vantage Market Research | 27-Mar-2023
Ascorbic Acid Market to Reach Valuation of USD 2 Billion by 2030 – Growth in Need from Fortified/Functional Food and Beverage Application Drives the Market
FAQ
Frequently Asked Question

  • The global Ascorbic Acid valued at USD 1.4 Billion in 2022 and is expected to reach USD 2.0 Billion in 2030 growing at a CAGR of 5.5%.

  • The prominent players in the market are Luwei Pharmaceutical Group Co. Ltd. (China), Merck KGaA (Germany), Medisca Inc. (Canada), Vega Group Company Limited (China), Chemceed (U.S.), Reckon Organics Private Ltd. (India), Superior Supplement Manufacturing (U.S.), CSPC Pharmaceutical Group Limited (China), FUJIFILM Corporation (Japan), Muby Chemicals (India), Aland Health Holding Ltd (China), Bactolac Pharmaceutical Inc. (U.S.), Foodchem International Corporation (China), Botanic Healthcare (India), ACP Chemicals Inc (Canada), Pharmavit (U.S.), Northeast Pharmaceutical Group Co. Ltd. (China), Koninklijke (Netherlands), DSM N.V. (Netherlands), Blagden Specialty Chemicals Ltd. (U.K.), Glanbia PLC (Ireland).

  • The market is project to grow at a CAGR of 5.5% between 2023 and 2030.

  • The driving factors of the Ascorbic Acid include

    • Increasing use of ascorbic acid as preservative and antioxidant

  • Asia Pacific was the leading regional segment of the Ascorbic Acid in 2022.

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