The global vitamin c market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor that is expected to accelerate the growth of the market during the forecast period includes escalating demand for vitamin C supplements, drinks, and food items. The growth of the market is attributed owing to its ability to support repairing the damaged cells in the body. Vitamin C is a popular food additive and ingredient that boasts diverse applications in various industries. It is naturally found in some fruits and vegetables and acts as an essential nutrient in human diets. Industrially, it is used across pharmaceuticals, nutraceuticals, cosmetic and personal care, and other sectors.
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The prominence of vitamin C in the food and beverages segment and its subsequent rise in demand as a preservative is acting as a major factor accelerating the market growth. Vitamin C generally supports enhancing iron absorption in the body which makes it a vital additive in iron processed foods. Meanwhile, it also plays an indispensable role in stabilizing the micronutrients. Importantly, the US Food and Drug Agency makes it mandatory for micronutrient food fortification in order to offer nutritious food products to the global population. A suitable and proper intake of Vitamin C based food and beverages is expected to charge up the level of vitamin C in the body, thereby gradually reducing the impact of COVID-19, which in turn is further expected to boost the growth of the market during the forecast period.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Type
· By Source
• Regions covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
· Competitive Landscape: Koninklijke DSM N.V., Glanbia plc, and Foodchem International Corp., among others.
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Global Vitamin C Market Report by Segment
By Type
• Calcium Ascorbate
• Sodium Ascorbate
• Magnesium Ascorbate
• Coated Vitamin C
• Potassium Ascorbate
• D-Isoascorbic Acid
• Ascorbic Acid
• Others
By Source
• Synthetic
• Natural
Global Vitamin C Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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