The global vitamin C ingredients market is expected to reach a market valuation of USD 4,657.5 million by the year 2033, accelerating with a CAGR of 5.6% from 2023 to 2033. As the inclination toward natural foods continues to rise, the market for vitamin C ingredients is poised to grow.
The demand for vitamin C-infused products has skyrocketed as consumers try to boost their immunity and prevent common illnesses. Vitamin C is widely used in immune-boosting products due to its powerful antioxidant properties and ability to stimulate white blood cell production.
A positive outlook for the market is further enhanced by the increasing demand for nutrient-dense and functional foods in the market. The benefits of vitamins are broad-ranging, including aiding in growth, digestion, and functioning effectively.
Cardiovascular illnesses account for 17.9 million deaths worldwide each year, according to the WHO. As awareness of various anticancer properties grows, the demand for vitamin C ingredients in various supplements is likely to increase.
New sources of vitamin C might be discovered in the future, as well as novel delivery systems and synthetic derivatives that enhance bioavailability or target specific organs. Genetically modified plants that produce higher levels of vitamin C may also be developed with advances in biotechnology and gene engineering.
| Attributes | Key Statistics |
|---|---|
| Vitamin C Ingredients Market Size (2022) | 2,600 million |
| Vitamin C Ingredients Estimated Market Size (2023) | 2,704 million |
| Market Projected Size (2033) | 4,657.5 million |
| Value CAGR (2023 to 2033) | 5.6% |
FMI analysis indicates that the vitamin C ingredients market will witness moderate growth over the forecast period owing to a shift in public perception of health and fitness, as well as consumer demand for well-balanced diets As a result, incorporating vitamin supplementation in one's daily diet has become standard to make up for any deficiencies.
Major manufacturers all around the world recognize the growing importance of vitamin C compounds in cosmetics and personal care products. Asia Pacific is forecast to have the fastest growth rate for vitamin C components.
There is a rapid expansion of the vitamin C market in this region due to several factors, including an increasingly large consumer base, an increase in disposable income, and greater public awareness regarding its potential health benefits.
While North America is expected to be the largest market during the projected period, Europe is expected to follow closely behind.
As a result of the high demand for vitamin supplements, the growing market for cosmetics that contain vitamin C, and the many players operating in this region, North America accounts for a significant share of the global vitamin C market. A changing cost of raw materials will constrain the market expansion of vitamin C ingredients.
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Historically the vitamin C ingredient market witnessed a modest growth of around 2.4%. This was due to the fact that the Covid-19 pandemic had a beneficial impact on market growth due to the necessity for vitamin C in the development of individual immunity. It was also used to treat people with minor Covid-19 symptoms.
In addition, people were more likely to take vitamin C supplements in order to stay fit and build their immunity in order to avoid being infected by the virus.
Due to increased demand for clean-label food and beverage goods, the market has seen a paradigm shift in recent years, resulting in the development of many producers supplying clean-label vitamin C products to customers demanding antioxidants to support immune health.
Studies have indicated that vitamin C ingredients may play a role in the treatment of arterial hypertension, atherosclerosis, and cancer when administered in high doses. Patients with cancer have reported improved quality of life after receiving it.
As a result, the pharmaceutical and healthcare industries' demand for the product has soared. Thus, in the forecast period, the vitamin C ingredient market is anticipated to be growing at a CAGR of 5.6%.
The demand for fortified food and beverage has increased as the number of health-conscious people has increased. Consumers in developed and emerging countries, such as the United States, Germany, China, and India, are increasingly turning to nutrient-based and other goods containing functional ingredients to help prevent sickness or treat current health problems.
As a result, companies have begun to include vitamin C in their products in response to consumer demand for fortified foods and beverages. Furthermore, multiple government initiatives are being implemented to increase the supply of fortified food and beverages, particularly in developing countries.
For example, the Ministry of Health in China promotes the consumption of fortified food, owing to the rising health issues relating to age, myopia, and other diseases, which drive the demand for vitamin C ingredients.
The growing awareness of the need for high-quality, nutritious food is leading consumers to follow healthy eating plans. As millennials are interested in food, they strive to find high-quality products that are flavorful and nutrient-dense without sacrificing quality. Adding Vitamin C to foods enhances their flavor and provides significant nutritional benefits.
In recent decades, the popularity of dietary supplements containing vitamin C has increased due to the high prevalence of diseases such as cardiovascular disease and hypertension. Furthermore, vitamin C supplements are believed to enhance immune function by lowering these risks.
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The United States has the highest obesity rate among other health disorders because of the country's increased intake of fatty foods and sugar-sweetened beverages. As a result, people are looking for healthier lifestyle solutions and other products that can help them avoid health-related problems. In 2022, the market held a share of 22.8% for the vitamin C ingredient market.
Furthermore, a considerable portion of the population is prescribed one of the following diet patterns: low-sodium, low fat, low-sugar, dairy-free, low-carb, and gluten-free. A large number of people choose vitamin C-rich nutrition to supplement their lack of nutritional value and to avoid dietary disorders.
The consumption of vitamin C components in East Asian countries, particularly China, is predicted to expand at a quicker rate because of the countries' cost-effective manufacturing facilities.
As a result, producers have been able to break into the functional food and beverage market with unique bioactive ingredients like ascorbic acid. In 2022, the country registered a growth rate of 7.9% in the vitamin C ingredient market.
Over the forecast period, the increased demand for health and dietary supplements in the region is expected to fuel market expansion. In addition, severe micronutrient shortages such as vitamins A, iodine, folate, iron, and zinc are common in China, making it a lucrative market for vitamin C manufacturers and suppliers worldwide.
The country is seeing an increase in personal disposable income, which, along with favorable government policies, is driving up demand. In addition, China's pharmaceutical industry is booming, which is driving up demand for vitamin C ingredients.
In Italy, there is a high level of awareness about dietary supplements, with 52% of adults using vitamins or mineral supplements. Furthermore, the expanding elderly population has fueled demand for vitamin C components, which are thought to aid in the prevention or treatment of several illnesses.
Furthermore, since the outbreak of the COVID-19 pandemic, people in the country have been resorting to supplements as a preventative strategy and to maintain their health. As a result, sales of dietary supplements such as vitamin C are expected to increase over the forecast period.
Sodium ascorbate is anticipated to be one of the most demanded vitamin C ingredients globally owing to its use as a reducing agent with high antioxidant qualities. The antioxidant diet supplement market generates a large amount of demand for sodium ascorbate.
The demand will continue to rise due to large investments and cutting-edge research and development by key industry players, as well as quick adoption in the pharmaceutical and medical industries.
However, the global sodium ascorbate market is constrained by a number of factors. Some of the limitations are connected to the supply of raw materials for the manufacturing process. Because production is strongly reliant on the availability of raw materials, raw material uncertainty, and foreign price changes may have a negative impact on the global market.
The market for Sodium Ascorbate is predominantly centered in East Asia, with Europe and North America following closely after. In addition, in the future decade, the region is expected to be the fastest-rising market.
The growth in demand is attributed to an increase in the number of people interested in fitness, and as a result, consumption of gym and nutritional supplements containing Sodium Ascorbate is increasing.
Currently, synthetic vitamin C ingredients are leading the market as they are easily available and at the same time are cost-effective. However, in the near future, the market is set to witness a shift in demand for more naturally sourced vitamin C ingredients owing to the rising focus of consumers on a sustainable and healthy lifestyle, which is likely to tip the scale toward natural vitamin C ingredients.
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Manufacturers of vitamin C ingredients are aiming to broaden their reach by introducing new products, forming strategic relationships with existing companies, and purchasing small-scale producers in promising locations.
Furthermore, manufacturers have been experimenting with the application procedure in order to produce vitamin C-enriched products.
| Attributes | Details |
|---|---|
| Market Size Value in 2023 | USD 2,704 million |
| Market Forecast Value in 2033 | USD 4,657.5 million |
| Global Growth Rate | 5.6% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, Czech, Republic, Romania, China, Japan, South Korea, India, Bangladesh, Australia, New Zealand, GCC countries, South Africa, Israel |
| Kay Segments Covered | Product Type, Form, Source, Process, End Use, Region |
| Key Companies Profiles | Foodchem International Corporation; Koninklijke DSM N.V; CSPC Pharmaceutical Group Limited; Northeast Pharmaceutical Group Co., Ltd; North China Pharmaceutical Co., Ltd; The TNN Development Limited; Microbelcaps; Hangzhou Focus Corporation; Beijing Heronsbill Food Material Co.,Ltd; Triveni Interchem Pvt. Ltd.; China BBCA Group Corporation |
| Customization & Pricing | Available upon Request |
Vitamin C deficiency patients are the key consumer.
The global market is projecting a significant CAGR of 5.6% by 2033.
The market is estimated to secure a valuation of USD 2,704 million in 2023.
The market is estimated to reach USD 4,657.5 million by 2033.
The Sodium ascorbate segment holds high revenue potential.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Ascorbic Acid 5.1.1. Ascorbic Acid 90% Granulation 5.1.2. Ascorbic Acid 95% Granulation 5.1.3. Ascorbic Acid 97% Granulation 5.2. Sodium Ascorbate 5.3. Calcium Ascorbate 5.4. Coated Vitamin C 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Powder 6.2. Granules 6.3. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 7.1. Natural 7.2. Synthetic 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Process 8.1. Reichstein Process 8.2. Two-Stage Fermentation Process 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 9.1. Food & Beverages 9.2. Cosmetics & Personal Care Products 9.3. Pharmaceuticals 9.4. Animal Feed 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. South Asia and Pacific 10.6. East Asia 10.7. Middle East and Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Foodchem International Corporation 20.2. Koninklijke DSM N.V 20.3. CSPC Pharmaceutical Group Limited 20.4. Northeast Pharmaceutical Group Co., Ltd 20.5. North China Pharmaceutical Co., Ltd 20.6. The TNN Development Limited 20.7. Microbelcaps 20.8. Hangzhou Focus Corporation 20.9. Beijing Heronsbill Food Material Co.,Ltd 20.10. Triveni Interchem Pvt. Ltd. 20.11. China BBCA Group Corporation 21. Assumptions & Acronyms Used 22. Research Methodology
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Vitamin C Ingredients Market
