Ascorbyl Tetraisopalmitate Market Size, Share, Growth, and Industry Analysis, By Type (95% Purity and 98% Purity), By application (Whitening and Freckle Products, Anti-aging Products and Others), Regional Insights, and Forecast To 2032

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ASCORBYL TETRAISOPALMITATE MARKET OVERVIEW

The global ascorbyl tetraisopalmitate market size was valued at USD 0.06 billion in 2023 and is projected to touch USD 0.09 billion by 2032, exhibiting a CAGR of 3.3% during the forecast period. Asia-Pacific holds leading position in ascorbyl tetraisopalmitate market share in 2023.

The oil-soluble, next-generation vitamin C compound ascorbyl tetraisopalmitate exhibits better dermal absorption than existing forms of vitamin C, is stable in skin care formulations, and may be less irritant to the skin. Vitamin C has traditionally been utilised in skin care products, and formulators are increasingly using oil-soluble ascorbyl tetraisopalmitate. A class of antioxidants that include vitamin C shield the skin from oxidative damage, inflammation, and ageing. Ascorbyl tetraisopalmitate (ATIP), a vitamin C derivative, is the tetraester of ascorbic acid and isopalmitic acid. It is a synthetic vitamin C ester that has been clinically shown to be oxygen stable and transforms into free vitamin C in the skin.

The most popular type of vitamin C for skin care is water-soluble L-ascorbic acid, however studies have shown that oil-soluble forms of vitamin C penetrate the epidermis and dermis more effectively (and also the cheapest). Studies conducted many years ago have demonstrated the effectiveness of vitamin C in treating hyperpigmentation, collagen degradation, and other early ageing symptoms. The inability of ascorbic acid to get through the lipid-rich outer layer of the skin barrier is one of its most significant limitations. Since not everyone can handle a low pH, it cannot permeate the skin. Peeling, stinging, irritation, and patchy dryness can be brought on by ascorbic acid-containing skin care products having a low pH. The benefits of vitamin C's anti-inflammatory properties may be offset by these negative effects. For those with sensitive skin or a weak acid barrier, this may be a serious disadvantage.

One of the derivatives created by researchers to get around some of the problems associated with ascorbic acid is ascorbyl. Because it oxidises so quickly, ascorbic acid is very sensitive to heat and light. It can be manufactured at a lower concentration and at a pH that is less irritating to the skin while yet generating outcomes that are comparable to ascorbic acid since it is more stable and has better penetration than ascorbic acid.

COVID-19 Impact: Little Emphasis to Skin Care Due to Lockdowns to Impede Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with ascorbyl tetraisopalmitate experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributed to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Use of vitamin C have fallen in priority as a result of the lockdown and ongoing social distance measures. Whilst sectors that promote wellbeing and self-care, such as skincare, have seen growth that won’t be enough to offset losses in other sectors. Due to low retail sales as well as a change in consumer priorities for beauty, the ascorbyl tetraisopalmitate market is predicted to experience a drop. The multi-billion-dollar ascorbyl tetraisopalmitate market has suffered financially as a result of COVID-19. The industry's future consumer intention and behaviour are now in doubt due to the decline in the use of beauty goods. because consumers were increasingly staying at home and out in public while using masks. When their job or school may only involve virtual meetings, many loyal consumers could not see the purpose in applying, let alone purchasing, cosmetics.

LATEST TRENDS

Skin Benefits of the Chemical to Boost Market Growth

Consumers are becoming more aware of the benefits of ascorbyl for the skin which is anticipated to drive ascorbyl tetraisopalmitate market growth. Due to its anti-aging and skin-whitening qualities, ascorbyl is a prominent ingredient in skin care and cosmetics. Ascorbyl is a common ingredient in a number of skin care products that have been introduced recently, which has increased competition.

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ASCORBYL TETRAISOPALMITATE MARKET SEGMENTATION

• By Type

Based on type; the market is divided into 95% purity and 98% purity.

In terms of product, 95% purity is the largest segment.

• By Application

Based on application; the market is divided into whitening and freckle products, anti-aging products and others.

In terms of application, whitening and freckle products segment is the largest segment.

DRIVING FACTORS

Increasing Demand for Natural and Organic Products to Stir Market Growth

One of the main factors contributing to the market's success is the rising demand for vitamin C derivatives, which are employed in many different goods. It is used in dietary supplements, cosmetics, skin care, medicine and many other products. Ascorbyl tetraisopalmitate is produced on a large scale due to huge demand by other industries and a strong supply chain. There has also been rising investments by multinational companies which fueled market growth.

Increasing use of Vitamin C in Skin Care Products to Propel Market Growth

Skin care and hair care products are making use of ascorbyl tetraisopalmitate on a large scale. To promote market expansion, personal care manufacturers are aggressively marketing this chemical and educating consumers about the component. With both anti-acne and anti-aging properties, it functions as a strong antioxidant and whitening, both men and women use personal care items, there is a higher demand for the good.

RESTRAINING FACTORS

Inflammatory Properties of the Chemical to Restrain Market Growth

The chemical can irritate skin that is sensitive, according to studies. The flip side of the coin is that Ascorbyl Tetraisopalmitate is more likely to irritate skin since it can penetrate the skin more deeply and deliver a stronger dosage of vitamin C. It was also noticed that it can be fatal for people with acne prone skin.

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ASCORBYL TETRAISOPALMITATE MARKET REGIONAL INSIGHTS

North America to Dominate Market Due to Increase in Demand for the Chemical

North America owns the largest part of ascorbyl tetraisopalmitate market share. Due to the high level of consumer knowledge regarding beauty and well-being, together with a strong desire for nutritional items, the region is predicted to maintain its leadership over the projected period. Growth in this market is also projected to be fueled by rising consumer demand for functional foods and drinks in addition to dietary supplements. The region's product demand has increased as a result of the growing population and rising consumption of foods containing vitamin C.

KEY INDUSTRY PLAYERS

Application of New Approaches to Promote Market Growth

The competitive landscape evolves over time and includes market participants, innovations, and strategies. To improve their position in the industry, firms are concentrating on adopting inorganic growth techniques including partnerships and agreements. Information on competitors' access to cutting-edge technology that can redefine their offerings is provided by the research. Based on market data provided by the top companies, the report offers analysis. Other factors taken into account for this market are the companies that develop and provide new products, the regions in which they operate, automation, technology adoption, creating the most income, and using their products to make a difference.

List Of Top Ascorbyl Tetraisopalmitate Companies

• Nikko Chemicals (Japan)
• Barnet Products (U.S.)
• Sytheon (U.S.)
• Shanghai Tiankan (China)
• Shanghai GREAF Biotech (China)
• Giga Fine Chemical (Taiwa)
• Hangzhou REB Technology (U.S.)
• SOHO ANECO Chemicals (China)
• Zhuhai Beri Pharmaceutical (China)
• Nanxiong Improve Medical (Japan)

REPORT COVERAGE

The research study on ascorbyl tetraisopalmitate market looks at forecasts of countries all over the world, and current trends and opportunities in dominating regions. The report examines the industry's drivers, constraints, and opportunities. The study covers potential, sectors, and areas with prospective growth. The structure of the market, and projections for the next few years are provided. Data from the past and projections for the future are provided.