Vitamin C Market Size, Share, Growth, and Industry Analysis, By Type (Food Grade Vitamin C, Pharmaceutical Grade Vitamin C, and Feed Grade Vitamin C), By Application (Food & Beverage, Pharmaceuticals & Healthcare, Feed, and Cosmetics), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

vitamin C market REPORT OVERVIEW

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The global vitamin C market size is expected to be USD 1213.9 million in 2021 and the market is projected to touch USD 1721.0 million by 2032, exhibiting a Compound annual growth rate (CAGR) of 3.2% during the forecast (2024-2032). In the market study, our analysts have considered vitamin c players such as DSM, CSPC Pharma, Northeast Pharma, Shandong Luwei, Shandong Tianli, Anhui Tiger, Ningxia Qiyuan, Zhengzhou Tuoyang and Henan Huaxing.

Vitamin C, also known as ascorbic acid, is an essential water-soluble nutrient found in fruits and vegetables. It serves a range of vital functions in the body. As a potent antioxidant, it shields cells from damage caused by free radicals. Vitamin C supports collagen synthesis, playing a crucial role in maintaining skin, blood vessels, and connective tissues.

It bolsters the immune system, aids in iron absorption from plant-based sources, and contributes to neurotransmitter production. Additionally, it possesses potential antiviral properties and promotes cardiovascular and eye health. To prevent deficiency-related conditions like scurvy, including vitamin C-rich foods in one's diet is advised.

COVID-19 IMPACT : Immune System Focus to Boost Demand Significantly

COVID-19 had a life changing impact globally. The vitamin C market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for vitamin C experienced an increased demand.

The pandemic led to increased interest in boosting the immune system to better protect against illnesses. Vitamin C is known for its immune-enhancing properties and was among the nutrients that gained attention as people sought ways to support their health during the pandemic. Vitamin C's role in supporting respiratory health garnered attention, particularly as COVID-19 primarily affected the respiratory system. It was believed that maintaining optimal health through nutrition, including vitamin C, might help individuals better respond to respiratory challenges.

Some studies investigated the potential role of vitamin C in COVID-19 treatment. Clinical trials were conducted to assess whether high-dose vitamin C supplementation could aid in managing COVID-19 symptoms and reducing the severity of the disease. However, results were mixed and inconclusive. Many people turned to supplements to support their immune systems during the pandemic. Vitamin C supplements, along with other vitamins and minerals, experienced increased sales as a result. The market is anticipated to boost the vitamin C market share following the pandemic.

LATEST TRENDS

"Antioxidant Properties to Broaden Market Growth"

Vitamin C's antioxidant properties remained a subject of interest. Antioxidants like vitamin C are important in protecting cells from oxidative stress and damage, which is linked to various chronic diseases. Vitamin C's role in collagen synthesis and its antioxidant properties continued to make it a popular ingredient in skincare products. It's known for its potential to promote skin health, reduce signs of aging, and protect against sun damage.

There was a focus on the relationship between diet, including vitamin C intake, and immune health. As people became more health-conscious due to the pandemic, they were looking for ways to boost their immune systems through nutrition. Vitamin C supplements continued to be widely used, especially during cold and flu seasons. Some individuals relied on supplements to ensure they were meeting their daily vitamin C requirements. These latest developments are anticipated to boost the vitamin C market growth.

vitamin C market SEGMENTATION

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• By Type

Based on type, the market is divided into Food Grade Vitamin C, Pharmaceutical Grade Vitamin C, and Feed Grade Vitamin C.

Food Grade Vitamin C holds a major share of the global market.

• By Application

Based on application, the market is bifurcated into Food & Beverage, Pharmaceuticals & Healthcare, Feed, and Cosmetics.

Food & Beverage as application holds a major share of the global market.

DRIVING FACTORS

"Immune System Support to Boost Market Share"

Vitamin C is well-known for its role in supporting the immune system. It helps enhance the production and function of white blood cells, which play a critical role in defending the body against infections and illnesses. Vitamin C is an essential nutrient, meaning that the human body cannot produce it on its own and must obtain it through the diet. This essentiality underscores its importance for overall health and well-being.

"Antioxidant Properties to Boost Market Size"

As a powerful antioxidant, vitamin C helps protect cells from oxidative stress caused by free radicals. This antioxidant activity is linked to a reduced risk of chronic diseases, including heart disease and certain cancers. Vitamin C is vital for the synthesis of collagen, a protein that supports the structure and health of the skin, blood vessels, bones, and connective tissues. This makes it important for wound healing, skin health, and overall tissue repair. These factors are anticipated to drive the vitamin C market share.

RESTRAINING FACTORS

"Dietary Intake and Variety to Hamper Market Share"

Inadequate consumption of fruits and vegetables, which are primary sources of vitamin C, can lead to insufficient intake. Poor dietary habits and limited access to fresh produce can contribute to lower vitamin C levels. Aging and certain lifestyle choices, such as smoking, can affect vitamin C metabolism and absorption. Smokers, for example, require higher vitamin C intake due to increased oxidative stress. The factors are anticipated to hinder the growth of the vitamin C market share.

vitamin C market REGIONAL INSIGHTS

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"Asia-Pacific Dominates the Vitamin C Market "

APAC is the major shareholder for the vitamin C market share. Regions with a climate suitable for growing citrus fruits like oranges, lemons, and grapefruits tend to have abundant sources of vitamin C. These fruits are well-known for their high vitamin C content. Other regions that have a strong focus on vegetable cultivation, such as those producing bell peppers, broccoli, strawberries, and leafy greens, also contribute significantly to vitamin C intake.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• DSM [Netherlands]
• CSPC Pharma [China]
• Northeast Pharma [China]
• Shandong Luwei [China]
• Shandong Tianli [China]
• Anhui Tiger [China]
• Ningxia Qiyuan [China]
• Zhengzhou Tuoyang [China]
• Henan Huaxing [China]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.