According to the report, the Ascorbic Acid market is predicted to achieve USD 1,551 million by 2026. This report examines the status quo and projections of the global Ascorbic Acid market and analyzes the Ascorbic Acid market by manufacturer, type, application, and region. This report focuses on top manufacturers in North America, Europe, Japan, China, India, Southeast Asia, and other regions (Central and South America, Middle East and Africa).
Market Summary
Overview:
Ascorbic Acid, also known as Vitamin C and L-ascorbic acid, is a vitamin found in various foods and sold as a dietary supplement. It is used to prevent and treat scurvy. Ascorbic Acid is an essential nutrient involved in the repair of tissues and the enzymatic production of certain neurotransmitters.
The Ascorbic Acid market report covers the leading players in the market and analyzes their key strategies. Leading players in this market include:
DSM
CSPC Pharma
Shandong Luwei
Northeast Pharma
North China Pharma
Aland Nutraceutical
Shandong Tianli
Ningxia Qiyuan
Zhengzhou Tuoyang
Henan Huaxing
Anhui Tiger
The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio.
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Value:
It is estimated that the total market value of the Ascorbic Acid global market is poised to reach USD 1,551 million in 2026 from USD 1,103 million in 2019, with a CAGR of 5.0%.
Facilitating and Limiting Factors:
The Ascorbic Acid market is expected to register substantial growth in the coming years, owing to increasing demand from the pharmaceutical industry as it is used to protect against cardiovascular disease, eye problems, immune system deficiencies, skin wrinkling, and prenatal health issues. In addition, the rise in consumer spending in medicines and increasing health consciousness are also positively influencing the market growth. Yet, uncertain raw material supply and resulting price fluctuations are expected to impede the growth of the market. R&D investment by major industry players and index technology advances in the pharmaceutical industry are projected to provide new opportunities for the growth of the market.
The global Ascorbic Acid market is broadly divided based on type, application, and region:
By type - Capsules, Powders, Tablets, Others
By application - Children, Adult
By region - North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa, Others
In 2018, the Ascorbic Acid global market was mainly concentrated in the three regions of Asia-Pacific, North America, and Europe, with the market share of 35%, 33%, and 22% respectively, accounting for a total of 90%. Asia-Pacific is anticipated to show growth in the coming years, owing to cost-effective manufacturing facilities in China. Moreover, the growing demand for health and dietary supplements in the region will also propel the growth of the market during the forecast period. Favorable regulatory guidelines and the company's introduction of new products to meet different and changing consumer needs are expected to fuel the growth of the market in North America.
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Ascorbic Acid Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Ascorbic Acid Market by Types
4 Segmentation of Ascorbic Acid Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Ascorbic Acid Market in Major Countries
7 North America Ascorbic Acid Landscape Analysis
8 Europe Ascorbic Acid Landscape Analysis
9 Asia Pacific Ascorbic Acid Landscape Analysis
10 Latin America, Middle East & Africa Ascorbic Acid Landscape Analysis
11 Major Players Profile
11.1 DSM
11.1.1 DSM Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 CSPC Pharma
11.3 Shandong Luwei
11.4 Northeast Pharma
11.5 North China Pharma
11.6 Aland Nutraceutical
11.7 Shandong Tianli
11.8 Ningxia Qiyuan
11.9 Zhengzhou Tuoyang
11.10 Henan Huaxing
11.11 Anhui Tiger
…
Audience:
l Ascorbic Acid manufacturers
l Ascorbic Acid importers and exporters
l Ascorbic Acid traders, distributors, and suppliers
l Raw material suppliers of Ascorbic Acid
l Ascorbic Acid industry associations
l Product managers, Ascorbic Acid industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Research & Clinical Laboratories
l Small and Medium-sized Enterprises (SMEs)
What Information does this report contain?
l The report covers the prediction and analysis of the global Ascorbic Acid market at the global and regional levels.
l The report includes drivers and constraints that affect market growth.
l Discussed details about market opportunities
l The assessments for the regional market layout characteristics in the world.
l The report includes detailed company profiles for prominent market participants.
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