Global Vitamin C Market Size, Share, Growth Analysis, By Source(Natural and Synthetic), By Application(Food & beverages, Pharmaceuticals), By Process(Reichstein Process, Two-stage Fermentation Process), By Product Type(Powder, tablets) - Industry Forecast 2024-2031

Report ID: SQMIG35I2110 | Region: Global | Published Date: February, 2024
Pages: 251 | Tables: 117 | Figures: 79

Global Vitamin C Market Competitive Landscape

For example, Products made with natural vitamin C ingredients are available from NutriScience Innovations LLC. These products contain vitamin C acerola extract, which is made from vitamin C rich acerola fruit. The business offers it for use in pharmaceutical products to improve the body's immune system.

Vitamin C Market Top Player's Company Profiles

DSM Nutritional Products AG
CSPC Pharmaceutical Group Limited
Northeast Pharmaceutical Group Co., Ltd.
BASF SE
China BBCA Group Corporation
Merck KGaA
Glanbia plc
Adisseo France SAS
Hangzhou Focus Corporation
Shandong Luwei Pharmaceutical Co., Ltd.
Foodchem International Corporation
Koninklijke DSM N.V.
Shandong Tianli Pharmaceutical Co., Ltd.
Dishman Netherlands B.V.
CSPS Pharmaceutical Group Limited
Shandong Xinhua Pharmaceutical Co., Ltd.
Northeast Pharmaceutical Group Co., Ltd.
Aland (Jiangsu) Nutraceutical Co., Ltd.
Shandong Runxin Biotechnology Co., Ltd.
Chongqing Huabang Pharmaceutical Co., Ltd.

Vitamin C Market Recent Developments

In 2021, Krating Daeng, a TCH Group brand, collaborated with DHC, Japan's largest food supplement company, to cater to Thailand's vitamin C market.

In June 2021, Cipla Health Ltd. introduced a new product named Maxirich C+ Zinc in order to fulfil consumer demand. Maxirich C+ Zinc is a rich source of vitamin C in the chewable form.

Global Vitamin C Market Report Snapshots

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Vitamin C Market size was valued at USD 1.65 billion in 2021 and is poised to grow from USD 1.74 billion in 2022 to USD 6.27 billion by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).

Global vitamin C market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global virtual clinical trials market. 'DSM Nutritional Products AG', 'CSPC Pharmaceutical Group Limited', 'Northeast Pharmaceutical Group Co., Ltd.', 'BASF SE', 'China BBCA Group Corporation', 'Merck KGaA', 'Glanbia plc', 'Adisseo France SAS', 'Hangzhou Focus Corporation', 'Shandong Luwei Pharmaceutical Co., Ltd.', 'Foodchem International Corporation', 'Koninklijke DSM N.V.', 'Shandong Tianli Pharmaceutical Co., Ltd.', 'Dishman Netherlands B.V.', 'CSPS Pharmaceutical Group Limited', 'Shandong Xinhua Pharmaceutical Co., Ltd.', 'Northeast Pharmaceutical Group Co., Ltd.', 'Aland (Jiangsu) Nutraceutical Co., Ltd.', 'Shandong Runxin Biotechnology Co., Ltd.', 'Chongqing Huabang Pharmaceutical Co., Ltd.', 'In 2021, Krating Daeng, a TCH Group brand, collaborated with DHC, Japan's largest food supplement company, to cater to Thailand's vitamin C market.', 'In June 2021, Cipla Health Ltd. introduced a new product named Maxirich C+ Zinc in order to fulfil consumer demand. Maxirich C+ Zinc is a rich source of vitamin C in the chewable form.'

Increased use of vitamin C

Growing consumer preference for nutritional supplements is a key trend in the vitamin C market. Consumers have become more aware of the benefits of high-quality food, which contributes to excellent health and has high nutritional value. Consumers are seeking high-quality products out of their interest in food, without compromising on the nutritional value and taste of the food. Vitamin C ingredients meet this demand by adding flavour to food. These ingredients provide a nice sour flavour, which enhances many food products such as jams, jellies, candies, and fruit juices.

On the basis of region, global vitamin C market is divided into North America, Europe, Asia Pacific and MEA. Asia Pacific dominated the global market with over 40% share and is expected to witness significant growth during the forecast period. This is due to increasing consumer awareness of health, fitness, and wellness and increasing spending on dietary supplements. Increased consumption of red meat and seafood products that require preservatives such as sodium benzoate or sorbates has increased the demand for vitamin C from countries such as China, Japan, South Korea, and India.

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Global Vitamin C Market Size, Share, Growth Analysis, By Source(Natural and Synthetic), By Application(Food & beverages, Pharmaceuticals), By Process(Reichstein Process, Two-stage Fermentation Process), By Product Type(Powder, tablets) - Industry Forecast 2024-2031

Global Vitamin C Market Competitive Landscape

Global Vitamin C Market Report Snapshots

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