Vitamin C Market Research Report - Global Forecast till 2030

Vitamin C Market Research Report: By Type (Sodium Ascorbate, Calcium Ascorbate, Potassium Ascorbate, Magnesium Ascorbate, and Others), Application (Pharmaceutical & Nutraceutical, Food and Beverages, Personal Care, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

ID: MRFR/F-B & N/1406-HCR | October 2022 | Region: Global | 110 Pages         

Vitamin C Market

Vitamin C Market Size is anticipated to reach USD 12.37 Billion by 2030, registering a CAGR of 2.88% during 2022-2030

Segmentation

By Type Sodium Ascorbate Calcium Ascorbate Potassium Ascorbate Magnesium Ascorbate Others
By Application Pharmaceutical & Nutraceutical Food And Beverages Personal Care Others
By Region North America Europe Asia Pacific Rest Of The World

Key Players

  • Amway (US)
  • Abbott Laboratories (US)
  • E.l. du Pont de Nemours and Company (US)
  • Bayer AG (Germany)
  • Nutraceutics Corp. (US)
  • Nutraceutics Corp. (US)
  • GlaxoSmithKline plc (UK)
  • Koninklijke DSM N.V. (Netherlands)

Drivers

  • Magnificent health effects
  • Increasing concern of health and affordable price
Speak to Analyst Request a Free Sample

Vitamin C Market Scenario


Vitamin C Market is expected to be worth USD 12.37 billion, growing at a CAGR of 2.88% from 2022 to 2030.Vitamin C is a popular vitamin that not only helpful for your inner body but the outer body too. This is a popular food additive that has multiple hidden benefits. Vitamin c industry is used in many popular industries and is also naturally found in fruits and vegetables. Consumers are crazy about this because of its uncountable benefits. This organic market vitamin c is an essential nutrient that a human should take in his/her diet. Apart from health benefits, it is also used in the commercial environment. These are beneficial for water, beverages, and bakeries, treatment plants, and many more. The vitamin c supplements market used in the industries is mostly found in the form of powder and liquid. 

As per the market report, the market size is expecting a huge growth of 2.88% from 2022-2030. As per the market research report, the market size has a significant hike of USD 12.37 billion by the end of 2030. The powdered vitamin c market is gaining amazing response over the consumers because of the increasing adoption of vitamin C, especially in this period. These are used in the huge amount for food and beverages industry, personal care industry. These are the major reason for the growth of the vitamin c supplements market. The market will gain a significant growth rate during the forecast period. These are mostly consumed by people who are suffering from scurvy. 

Covid-19 Analysis:

Because of the covid lockdown period, vitamin C has faced many ups and downs in the industry. The market has been going through many barriers. Because of the covid, the production of tablets and liquids is affected. It disrupts the sales channel of the vitamin c supplements market and lowers down the market growth and revenue.

The manufacturing stores of powdered vitamin c market are closed, and there was a lack of employees and ingredients because the transportations are closed. So, overall the industry faces some barriers. But because of covid people were become more conscious about their health and they started consuming organic market vitamin c for the better immunity. Most of the consumers buy these tablets in bulk. So, the market faces a mixed situation during the covid. The key players of the vitamin c industry put in multiple efforts and adopt new measures to deal with the pandemic. As a result, the market seems balanced as of now.

Market Dynamics

Major Drivers of the Market


The vitamin c supplements market has many growth drivers, and some of them are magnificent health effects, increasing concern of health, affordable price, and many more. Vitamin c tablets are highly used for increasing immunity power. Doctors suggest this medicine to people who have low immune. This is also beneficial for keeping people away from bacteria. The organic market vitamin c is also found in foods and playing a major role in repairing the tissue. These are also used to treat scurvy and sold as dietary supplements. Because of this factor, the market size is continuously gaining popularity and increases its growth rate.


Market Restraints


Similar to the vitamin c supplements market growth factor, the market has some major restraints that affect the growth rate. Some of the major restraint factors of the market share are lack of knowledge and side effects. Some consumers have side effects of consuming vitamin C in a huge amount.


It can also result in gastrointestinal irritation and diarrhea because of overconsumption. So, for the long doses ask for consultation with a doctor is a must. Besides that, the fluctuations in the availability of raw materials also hamper the growth rate. These are some of the rising complications of the vitamin c ingredients market that the industry has to overcome.


Significant Opportunities for The Market


The growing utilization and concern among consumers regarding health provide greater opportunities to the market. Everyone should have vitamin C in their diet, and the increasing amount of chronic disease and flu force people to take this. Vitamin C is also helpful for make people energetic by improving their immunity. The vitamin c ingredients market has many key drivers who give a kick start to the market. The increasing audience of the market is the major reason for the growth and spike in the revenue. Besides this, vitamin C is helpful for people suffering from cardiovascular and cancer diseases. Along with that, the vitamin c ingredients market is gaining the accelerated growth in the pharmaceutical industries by increasing the production of dietary supplements. 


Market Growth Challenges


The vitamin C market faces many challenges, including the regional barriers to the linguistic barriers. The vitamin c products market is working dedicatedly to provide quality products. The key payers of the industry put amazing efforts so that it can reach up the targeted audience. But still, due to the linguistics and regional challenges, the market faces many challenges.


To overcome this, the Market needs more amount of investors and key players from the different regions. In this way, the market is looking forward to ensuring quality products to the demanding audiences. With the help of the vitamin c products market industry and the key player's collaborative efforts, the market has successfully overcoming from the barriers and expanding its growth immensely. 


Cumulative Growth Analysis


As per the injectable vitamin c in European union market report, growth is expected for the upcoming forecast period. The Vitamin C Market has many investors and key players who implement quality products for the acquisition, measuring the expansion and agreement. The key players are looking forward to enhancing the ability of the market so that it can meet the growing demand of the market. 


Value Chain Analysis


The revenue generated by this vitamin c products market is way higher than in the past years. The awareness among consumers is increasing, and as a result, the market growth rate and revenue are also increasing. The vitamin c supplement market research revenue generation has eventually grown, and it is expected to rise with each passing day. As per the prediction of key analysts, the market of vitamin C exponentially increases for the forecast period of 2030


Segmentation view of the vitamin C market:


The global vitamin C market is differentiated into application, type, and region.


The market segmentation on the basis of application:


The global market is divided as per the application into food and beverages, pharmaceutical & nutraceutical, personal care, and others.


The market segmentation on the basis of type:


The global market has been classified into the type, and those are calcium ascorbate, sodium ascorbate, magnesium ascorbate, potassium ascorbate, and others.


The market segmentation on the basis of regions:


The global vitamin C market is divide into four key regions ad those are Europe, North America, Asia-Pacific, and the rest of the world. The North American market has further segmented into Canada, the US, and Mexico. At the same time, the European market has been classified into Germany, the UK, France, Spain, Italy, and the rest of Europe.


Similarly, the Asia pacific market of the global market has differentiated into India, China, Japan, New Zealand, Australia, and the rest of Asia-Pacific. After all, the market of the rest of the world has been segmented into the Middle East, South America, and Africa.


Regional market presentations: 


The vitamin C market is anticipated towards the many regions and the most used or dominated region of this market in Asia-Pacific. The Asia Pacific market had a market share of 42.07% in 2020. The country holds the largest vitamin c market share because of the uncountable advantage of vitamin C.


Vitamin C is highly used in this region for preserving meat products and for treating water. After that, the countries like India and China also hold the second largest market share because there is an increasing number of domestic animals that are used as a source of income. The increasing amount of awareness among people and the nutritional benefits of vitamin C in animal feed are the key growth drivers. 


Key Players of the market:


  • Amway (US)

  • Abbott Laboratories (US)

  • E.l. du Pont de Nemours and Company (US)

  • Bayer AG (Germany)

  • Nutraceutics Corp. (US)

  • GlaxoSmithKline plc (UK)

  • Koninklijke DSM N.V. (Netherlands) 


Report Overview



  • Market scenario

  • Analysis based upon COVID 19

  • Market Dynamics of global vitamin C market

  • Value chain analysis of Vitamin C Market

  • Market segmentation overview

  • The regional analysis of Vitamin C Market

  • Key players of the Vitamin C Market



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 12.37 Billion
  CAGR   2.88%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Application, and Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Amway (US),Abbott Laboratories (US),E.l. du Pont de Nemours and Company (US),Bayer AG (Germany),Nutraceutics Corp. (US),Nutraceutics Corp. (US),GlaxoSmithKline plc (UK),Koninklijke DSM N.V. (Netherlands)
  Key Market Opportunities    growing utilization and concern among consumers regarding health
  Key Market Drivers   magnificent health effects, increasing concern of health, affordable price


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

Vitamin C market CAGR would be 2.88% during the forecast period.

The valuation would USD 12.37 billion for vitamin C market.

Overconsumption of the component can lead to gastrointestinal problems and diarrhea, which can pull back vitamin C market growth.

The APAC region would dominate vitamin C market.

China and India would dominate the APAC vitamin C market.