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PUBLISHER: Grand View Research | PRODUCT CODE: 1404832
PUBLISHER: Grand View Research | PRODUCT CODE: 1404832
Vitamin C Market Size, Share & Trends Analysis Report By Grade (Regular, Medium), By Distribution Channel (Offline, Online), By End-use, By Region, And Segment Forecasts, 2024 - 2030
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Vitamin C Market Growth & Trends:
The global vitamin C market size is estimated to reach USD 2.61 billion by 2030, registering a CAGR of 4.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to increasing consciousness among people regarding health benefits offered by products infused with vitamin C. The extensive use of the product in various large industries such as cosmetics, pharmaceuticals, and agriculture has contributed to growth in its consumption around the globe.
In the skincare industry, ascorbic acid is commonly used in topical vitamin C products. Consumer preferences in this industry are influenced by factors such as product effectiveness, stability, and formulation. Consumers prefer skincare products with stable ascorbic acid derivatives that can effectively deliver the desired benefits such as antioxidant properties and skin-brightening effects. Key manufacturers are investing in research & development activities to cater to the rising product demand in personal care and cosmetics products.
Ascorbic acid is often associated with health and wellness benefits such as immune system support and overall well-being. For instance, in June 2022, Procter & Gamble launched the Voost vitamin C booster brand. Consumer preferences in this industry may be driven by a desire to maintain optimal health and address specific health concerns. Businesses in this industry can cater to consumer preferences by highlighting the health benefits of ascorbic acid and offering products that meet specific consumer needs.
According to William Reed Ltd., in May 2023, the fortification of food products with Vitamin C (Ascorbic Acid) and other essential nutrients has gained significant attention in recent years. This approach involves adding vitamins to various food items to enhance their nutritional content and provide additional health benefits beyond their basic composition. The incorporation of the product into fortified foods and nutraceutical products aims to address nutritional deficiencies and promote overall well-being.
Vitamin C Market Report Highlights:
- Based on grade, the regular grade segment is expected to witness a CAGR of 5.1% from 2024 to 2030 due to its crucial role applications in key industries such as food & beverages, animal feed, and pharmaceuticals
- Based on end-use, the personal care & cosmetics segment is expected to witness a CAGR of 5.0% from 2024 to 2030 attributed to usage of less acidic forms of vitamin C as manufacturing ingredients
- Europe is expected to witness a CAGR of 5.0% from 2024 to 2030 due to the presence of well-established end-user industries such as pharmaceuticals and cosmetics
- The usage of ascorbic acid (vitamin C) is generally considered safe when taken at appropriate doses. However, there are some safety concerns associated with its usage. It can have side effects ranging from nausea, heartburn, stomach cramps, and skin flushing and can also result in forming of kidney stones
- Major cosmetics companies have started integrating vitamin C as an ingredient in their products citing its benefits for skin. For instance, In October 2022, Noble Panacea introduced a new skincare product that contains 20% pure L-ascorbic acid, a form of vitamin C. This product provides the benefits of vitamin C such as clarifying, brightening, and protecting the skin
Product Code: GVR-4-68040-158-9
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.4 Information analysis
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.6.1 Research scope and assumptions
- 1.6.2 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Vitamin C Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook: Global Vitamin market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing/Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.3 Vendor Landscape
- 3.3.1 List of Key distributors/channel partners
- 3.3.2 List of Potential End-users
- 3.4 Regulatory Framework
- 3.5 Impact of COVID-19 Pandemic
- 3.6 Impact of European Geopolitical Conflict
- 3.7 Market Dynamics
- 3.7.1 Market Driver Analysis
- 3.7.2 Market Restraint ANalysis
- 3.7.3 Industry Challenges
- 3.7.4 Industry Opportunities
- 3.8 Industry Analysis Tools
- 3.8.1 PORTER's Analysis
- 3.8.2 Macroeconomic Analysis- PESTLE Analysis
Chapter 4 Vitamin C Market: Supplier Portfolio Analysis
- 4.1 List of Raw Material Suppliers
- 4.2 Raw Material Trends
- 4.3 Portfolio Analysis/ Kraljic Matric
- 4.4 Engagement Model
- 4.5 Negotiation Strategies
- 4.6 Sourcing Best Practices
Chapter 5 Vitamin C Market: Grade Estimates & Trend Analysis
- 5.1 Grade Movement Analysis & Market Share, 2023 & 2030
- 5.1.1 Regular
- 5.1.2 Premium
Chapter 6 Vitamin C Market: End-Uses Estimates & Trend Analysis
- 6.1 End-uses Movement Analysis & Market Share, 2023 & 2030
- 6.1.1 Animal Feed
- 6.1.2 Food & beverage
- 6.1.3 Personal Care & Cosmetics
- 6.1.4 Pharmaceuticals
- 6.1.5 Other end-uses
Chapter 7 Vitamin C Market: Distribution Channel Estimates & Trend Analysis
- 7.1 Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 7.1.1 Offline
- 7.1.2 Online
Chapter 8 Vitamin C Market: Regional Estimates & Trend Analysis
- 8.1 Vitamin C Market: Regional Outlook
- 8.2 North America
- 8.2.1 North america Vitamin C Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2 U.S.
- 8.2.2.1 Key country dynamics
- 8.2.2.2 U.S. Vitamin C Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.3 Canada
- 8.2.3.1 Key country dynamics
- 8.2.3.2 Canada Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4 Mexico
- 8.2.4.1 Key country dynamics
- 8.2.4.2 Mexico Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3 Europe
- 8.3.1 Europe Vitamin C Market Estimates & Forecasts, 2018 - 2030 (KiloTONS) (USD Million)
- 8.3.2 Germany
- 8.3.2.1 Key country dynamics
- 8.3.2.2 Germany Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.3 UK
- 8.3.3.1 Key country dynamics
- 8.3.3.2 UK Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.4 France
- 8.3.4.1 Key country dynamics
- 8.3.4.2 France Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.5 Italy
- 8.3.5.1 Key country dynamics
- 8.3.5.2 Italy Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.6 Spain
- 8.3.6.1 Key country dynamics
- 8.3.6.2 Spain Vitamin C Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.2 China
- 8.4.2.1 Key country dynamics
- 8.4.2.2 China Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.3 India
- 8.4.3.1 Key country dynamics
- 8.4.3.2 India Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.4 Japan
- 8.4.4.1 Key country dynamics
- 8.4.4.2 Japan Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.5 South Korea
- 8.4.5.1 Key country dynamics
- 8.4.5.2 South Korea Vitamin C Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.6 Thailand
- 8.4.6.1 Key country dynamics
- 8.4.6.2 Thailand Vitamin C Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
- 8.5 Central & South America
- 8.5.1 Central & South America Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.2 Brazil
- 8.5.2.1 Key country dynamics
- 8.5.2.2 Brazil Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.3 Argentina
- 8.5.3.1 Key country dynamics
- 8.5.3.2 Argentina Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.6 Middle East & Africa
- 8.6.1 Middle East & Africa Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.6.2 Saudi Arabia
- 8.6.2.1 Key country dynamics
- 8.6.2.2 Saudi Arabia Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.6.3 South Africa
- 8.6.3.1 Key country dynamics
- 8.6.3.2 South Africa Vitamin C Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (KiloKilotons) (USD Million)
Chapter 9 Competitive Landscape
- 9.1 Company Production Capacities, 2023
- 9.2 Recent Developments & Impact Analysis, By Key Market Participants
- 9.3 Company/Competition Categorization
- 9.4 Company Market Share Analysis, 2023
- 9.5 Company Heat Map Analysis
- 9.6 Strategy Mapping
- 9.6.1 Expansions
- 9.6.2 Mergers & acquisition
- 9.6.3 Partnership
- 9.6.4 New product launches
- 9.7 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
- 9.7.1 Spectrum Chemical
- 9.7.2 Sinofi Ingredients
- 9.7.3 DSM Jiangshan Pharmaceutical (Jiangsu) Co., Ltd
- 9.7.4 Fengchen Group Co., Ltd
- 9.7.5 Fooding
- 9.7.6 Northeast Pharmaceutical Group Co., Ltd (NEPG)
- 9.7.7 Botanic Healthcare
- 9.7.8 CSPC Pharmaceutical Group Limited
- 9.7.9 Foodchem International Corporation
- 9.7.10 Global Calcium PVT LTD
- 9.7.11 JOSHI AGRO
- 9.7.12 M.C. Biotec Inc.
- 9.7.13 Pharmavit
- 9.7.14 NAGASE & CO., LTD.
- 9.7.15 Reckon Organics Private Ltd.
- 9.7.16 RX MARINE INTERNATIONAL
- 9.7.17 Shandong Luwei Pharmaceutical Co., Ltd.
- 9.7.18 VATJAT PHARMA FOODS PRIVATE LIMITED
- 9.7.19 VCos Cosmetics Pvt Ltd.
- 9.7.20 Honson Pharmatech Group.
- 9.7.21 Anhui BBCA Group
Product Code: GVR-4-68040-158-9
List of Tables
- Table 1 List of Key Distributors/Channel Partners
- Table 2 List of Potential End-Users
- Table 3 List of Vitamin C Raw Material Suppliers
- Table 4 U.S. macro-economic outlay
- Table 5 Canada macro-economic outlay
- Table 6 Mexico macro-economic outlay
- Table 7 Germany macro-economic outlay
- Table 8 UK macro-economic outlay
- Table 9 France macro-economic outlay
- Table 10 Italy macro-economic outlay
- Table 11 Spain macro-economic outlay
- Table 12 China macro-economic outlay
- Table 13 India macro-economic outlay
- Table 14 Japan macro-economic outlay
- Table 15 South Korea macro-economic outlay
- Table 16 Thailand macro-economic outlay
- Table 17 Brazil macro-economic outlay
- Table 18 Argentina macro-economic outlay
- Table 20 Saudi Arabia macro-economic outlay
- Table 21 South Africa Macro-economic Outlay
- Table 22 Market Participant's Overview
- Table 23 Financial Performance
- Table 24 Product Benchmarking
- Table 25 Recent Developments & Impact Analysis, By Key Market Participants
- Table 26 Company Heat Map Analysis
- Table 27 Key Companies undergoing expansions.
- Table 28 Key Companies involved in M&As
- Table 29 Key Companies undergoing partnership.
- Table 30 Key Companies launching new products
List of Figures
- Fig. 1 Vitamin C Market Segmentation & Scope
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Vitamin C Market Snapshot
- Fig. 7 Vitamin C Market Segment Snapshot
- Fig. 8 Vitamin C Market Competitive Landscape Snapshot
- Fig. 9 Global Vitamins and Vitamin C Market, 2023 (USD Million)
- Fig. 10 Vitamin C Market - Value Chain Analysis
- Fig. 11 Ascorbic Acid Production Process
- Fig. 12 Global Vitamin C Market: Price Trend Analysis, 2018 - 2030 (USD/kg)
- Fig. 13 Vitamin C Market Dynamics
- Fig. 14 Vitamin C Market: PORTER's Analysis
- Fig. 15 Vitamin C Market: PESTLE Analysis
- Fig. 16 Vitamin C Market: Portfolio Analysis/ Kraljic Matric, By Raw Material
- Fig. 17 Vitamin C Market Estimates & Forecasts, by Grade: Key Takeaways
- Fig. 18 Vitamin C Market Share, By Grade, 2023 & 2030
- Fig. 19 Regular Vitamin C Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Premium Vitamin C Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Vitamin C Market Estimates & Forecasts, by End-Uses: Key Takeaways
- Fig. 22 Vitamin C Market Share, By End-Use, 2023 & 2030
- Fig. 23 Vitamin C Market Estimates & Forecasts, in Animal Feed, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 24 Vitamin C Market Estimates & Forecasts, in Food & Beverages, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 25 Vitamin C Market Estimates & Forecasts, in Personal Care & Cosmetics, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 26 Vitamin C Market Estimates & Forecasts, in Pharmaceuticals, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 27 Vitamin C Market Estimates & Forecasts, in Other End-Uses, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 28 Vitamin C Market Estimates & Forecasts, by Distribution Channel: Key Takeaways
- Fig. 29 Vitamin C Market Share, By Distribution Channel, 2023 & 2030
- Fig. 30 Vitamin C Market Estimates & Forecasts, by Offline Mode, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 31 Vitamin C Market Estimates & Forecasts, by Online Mode, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 32 Vitamin C Market Revenue, by Region, 2023 & 2030 (USD Million)
- Fig. 33 North America Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 34 U.S. Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 35 Canada Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 36 Mexico Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 37 Europe Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 38 Germany Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 39 UK Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 40 France Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 41 Italy Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 42 Spain Vitamin C Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 43 Asia Pacific Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 44 China Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 45 India Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 46 Japan Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 47 South Korea Vitamin C Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 48 Thailand Vitamin C Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 49 Central & South America Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 50 Brazil Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 51 Argentina Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 52 Middle East & Africa Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 53 Saudi Arabia Vitamin C Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 54 South Africa Vitamin C Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 55 Key Company/Competition Categorization
- Fig. 56 Key Company Market Share Analysis, 2023
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