The global sales of ascorbyl palmitate are slated to grow at a robust CAGR of around 6.0% during the forecast period between 2022 and 2032. Growth in the market is driven by the rising adoption of ascorbyl palmitate across diverse end-use verticals such as the food and beverage industry, pharmaceutical industry, and personal care & cosmetic industry.
| Report Attribute | Details |
|---|---|
| Ascorbyl Palmitate Market Projected Growth Rate (2022 to 2032) | 6% CAGR |
Ascorbyl Palmitate is a fat-soluble form of ascorbic acid (vitamin C) formed from ascorbic acid and palmitic acid. It finds its application across various end-use verticals, particularly the food and beverage industry, personal care and cosmetics, animal feed, and pharmaceutical industry.
Over the last few years, ascorbyl palmitate has gained wider popularity as an ideal food additive used across the food industry because it acts as a powerful antioxidant and can fight free radicals more effectively than most other antioxidants. It has been found that the addition of ascorbyl palmitate in products such as natural oils, fragrances, processed foods, etc. protects color, prevents oxidation, and improves the nutritional value of the products.
Ascorbyl palmitate has been approved for use as a food additive by various regulatory organizations such as the Food and Drug Administration (FDA). Growing adoption of ascorbyl palmitate as a food additive is anticipated to boost market growth during the forecast period.
Similarly, ascorbyl palmitate is used for the preparation of several personal care and cosmetic products such as shampoos, lotions, anti-aging creams, sun-protection creams, etc. It also finds application in dietary supplements, pharmaceuticals, and animal feeds due to its antioxidant property.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Increasing adoption of ascorbyl palmitate across various industries such as food and beverages, pharmaceuticals, and personal care and cosmetics due to its antioxidant and preservative properties is one of the major factors boosting the growth of the ascorbyl palmitate market.
Ascorbyl palmitate has become a commonly used additive in food items, cosmetics, and personal care products due to its antioxidant property. It is usually more stable than some water-soluble forms of vitamin C, which makes it ideal for usage across various applications.
With a rapidly growing population, increasing disposable income, and changing lifestyles, demand for processed food products is on the rise worldwide. People are spending large amounts on purchasing processed food items which are directly spurring the growth of the ascorbyl palmitate market.
Various processed food manufacturing companies are increasingly using ascorbyl palmitate as a key ingredient in their products for maintaining the quality and nutritional value of products. The addition of ascorbyl palmitate prevents the oxidation of the food products, increases stability, and helps to maintain nutritional value as well. Thus, increasing production and consumption of processed food products is expected to generate lucrative sales prospects for ascorbyl palmitate during the forecast period.
Similarly, the rising adoption of ascorbyl palmitate for manufacturing dietary supplements, drugs, cosmetics, and personal care products will continue to serve as a driver for the ascorbyl palmitate market.
Ascorbyl palmitate protects the active ingredients of drugs from oxidative damage and significantly increases their shelf life. It is also being used in personal care and cosmetics products to protect against lipid peroxidation. Furthermore, increasing investments by manufacturers in research and development activities coupled with growing consumer inclinations towards natural preservatives will further expand the ascorbyl palmitate market during the upcoming period.
Despite numerous end uses of ascorbyl palmitate, there are various factors that are giving tough competition to market growth. Some of these factors are the presence of a variety of preservatives and dietary supplements and poor penetration of ascorbyl palmitate in low economies.
Principal Consultant
According to Future Market Insights, the Asia Pacific ascorbyl palmitate market is expected to grow at a relatively higher CAGR during the forecast period from 2022 to 2032, owing to the robust expansion of food and personal care industries, rapid urbanization, exploding population, and growing consumer awareness.
Similarly, the rising influence of social media coupled with growing demand for dietary supplementals in countries like India and China is positively impacting the Asia Pacific ascorbyl palmitate market and the trend is likely to continue during the assessment period.
The North American ascorbyl palmitate market is anticipated to grow at a considerable pace during the forecast period from 2022 to 2032, owing to the rapid expansion of end-use verticals across countries like the USA and Canada and the growing popularity of ascorbyl palmitate as an ideal antioxidant food additive.
Demand for ascorbyl palmitate is especially rising in Canada and the USA due to growing consumer inclination towards natural preservatives and rising demand for functional food products and health supplements.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Some of the key participants present in the global ascorbyl palmitate market include Koninklijke DSM N.V., Penta International Corporation, A to Z Nutrition International Inc., Yasho Industries, Pacific Rainbow International, Inc., Spectrum Chemical Mfg. Corp., and NOW Foods among others.
These leading manufacturers are adopting various organic and inorganic growth strategies such as new product launches, partnerships, mergers, acquisitions, etc. to increase their customer bases and gain a competitive edge in the market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Form, Grade, End Use, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled | Koninklijke DSM N.V.; Penta International Corporation; A to Z Nutrition International Inc.; Yasho Industries; Pacific Rainbow International, Inc.; Spectrum Chemical Mfg. Corp.; NOW Foods |
| Customization | Available Upon Request |
The ascorbyl palmitate market is predicted to grow at a 6% CAGR through 2032.
Asia Pacific ascorbyl palmitate holds the highest revenue potential.
The ascorbyl palmitate market is expected to surpass US$ 9.72 Billion by 2032.
The ascorbyl palmitate market size is anticipated to be over US$ 5.43 Billion in 2022.
1. Executive Summary | Ascorbyl Palmitate Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2022 to 2032
5.3.1. Powder
5.3.2. Liquid
5.4. Y-o-Y Growth Trend Analysis By Form, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Form, 2022 to 2032 Deep-dive segmentation will be available in the sample on request
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2022 to 2032
6.3.1. Food & Beverages
6.3.2. Cosmetics & Personal Care
6.3.3. Dietary Supplements
6.3.4. Animal Feed
6.3.5. Pharmaceutical
6.4. Y-o-Y Growth Trend Analysis By End Use, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By End Use, 2022 to 2032 Deep-dive segmentation will be available in the sample on request
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Grade
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Grade, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Grade, 2022 to 2032
7.3.1. Food Grade
7.3.2. Pharmaceutical Grade
7.4. Y-o-Y Growth Trend Analysis By Grade, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By Grade, 2022 to 2032 Deep-dive segmentation will be available in the sample on request
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2017 to 2021
8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia & Pacific
8.3.6. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Form
9.2.3. By End Use
9.2.4. By Grade
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Form
9.3.3. By End Use
9.3.4. By Grade
9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Mexico
10.2.1.2. Brazil
10.2.1.3. Rest of Latin America
10.2.2. By Form
10.2.3. By End Use
10.2.4. By Grade
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Form
10.3.3. By End Use
10.3.4. By Grade
10.4. Key Takeaways
11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. United Kingdom
11.2.1.5. Spain
11.2.1.6. BENELUX
11.2.1.7. Russia
11.2.1.8. Rest of Europe
11.2.2. By Form
11.2.3. By End Use
11.2.4. By Grade
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Form
11.3.3. By End Use
11.3.4. By Grade
11.4. Key Takeaways
12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Form
12.2.3. By End Use
12.2.4. By Grade
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Form
12.3.3. By End Use
12.3.4. By Grade
12.4. Key Takeaways
13. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. ASEAN
13.2.1.3. Australia and New Zealand
13.2.1.4. Rest of South Asia & Pacific
13.2.2. By Form
13.2.3. By End Use
13.2.4. By Grade
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Form
13.3.3. By End Use
13.3.4. By Grade
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. Turkey
14.2.1.3. South Africa
14.2.1.4. Rest of Middle East and Africa
14.2.2. By Form
14.2.3. By End Use
14.2.4. By Grade
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Form
14.3.3. By End Use
14.3.4. By Grade
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Form
15.1.2.2. By End Use
15.1.2.3. By Grade
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Form
15.2.2.2. By End Use
15.2.2.3. By Grade
15.3. Mexico
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Form
15.3.2.2. By End Use
15.3.2.3. By Grade
15.4. Brazil
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Form
15.4.2.2. By End Use
15.4.2.3. By Grade
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Form
15.5.2.2. By End Use
15.5.2.3. By Grade
15.6. Italy
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By Form
15.6.2.2. By End Use
15.6.2.3. By Grade
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By Form
15.7.2.2. By End Use
15.7.2.3. By Grade
15.8. United Kingdom
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By Form
15.8.2.2. By End Use
15.8.2.3. By Grade
15.9. Spain
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By Form
15.9.2.2. By End Use
15.9.2.3. By Grade
15.10. BENELUX
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By Form
15.10.2.2. By End Use
15.10.2.3. By Grade
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By Form
15.11.2.2. By End Use
15.11.2.3. By Grade
15.12. China
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By Form
15.12.2.2. By End Use
15.12.2.3. By Grade
15.13. Japan
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By Form
15.13.2.2. By End Use
15.13.2.3. By Grade
15.14. South Korea
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By Form
15.14.2.2. By End Use
15.14.2.3. By Grade
15.15. India
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By Form
15.15.2.2. By End Use
15.15.2.3. By Grade
15.16. ASIAN
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By Form
15.16.2.2. By End Use
15.16.2.3. By Grade
15.17. Australia and New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By Form
15.17.2.2. By End Use
15.17.2.3. By Grade
15.18. GCC Countries
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By Form
15.18.2.2. By End Use
15.18.2.3. By Grade
15.19. Turkey
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By Form
15.19.2.2. By End Use
15.19.2.3. By Grade
15.20. South Africa
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2021
15.20.2.1. By Form
15.20.2.2. By End Use
15.20.2.3. By Grade
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Form
16.3.3. By End Use
16.3.4. By Grade
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Koninklijke DSM N.V.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Yasho Industries
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Pacific Rainbow International, Inc.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Penta International Corporation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Symbio Pharmaceutical Co., Limited
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Bajaj Healthcare Ltd.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Jiangxi Tianxin Pharmaceutical Co., Ltd.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Surya Life Sciences Ltd.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. CPC Wolfgang Mühlbauer GmbH
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
Explore Food and Beverage Insights
View Reports
Ascorbyl Palmitate Market
