Product ID: SQMIG35I2110
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 Dynamics
Vitamin C Market Driver
- Increased use of vitamin C
The use of vitamin C is increasing due to its ability to prevent and cure numerous health conditions such as scurvy, wound healing, and boosting the immune system. This is the primary factor driving the growth of the market. Due to low toxicity of vitamin C, it has no negative effects from consuming too much, and this is one of the major factors driving the growth of global market.
- Emerging demand for vitamin C for food fortification
Increasing demand for vitamin C for food fortification in various applications such as convenience foods, juices, sports drinks, confectionery, functional food and beverages, and bakery items is likely to drive the growth of the global market. Also, increasing urbanization and rising disposable income will expand the growth of the market. Also, increasing awareness about the benefits associated with vitamin C and increasing consumer trend toward processed foods has fuelled the growth of the global market.
Vitamin C Market Restraint
- Increased competition: The market is highly competitive, and new players are entering the market all the time. As competition increases, prices may be driven down, and profit margins may become tighter.
- Health concerns: While vitamin C is generally considered safe, there have been concerns about the safety of certain forms of vitamin C, such as synthetic ascorbic acid. This could lead to decreased demand for these forms of vitamin C.
- Changes in consumer preferences: Consumers are becoming increasingly interested in natural and organic products, and may prefer to get their vitamin C from natural sources like fruits and vegetables rather than supplements. This could lead to decreased demand for vitamin C supplements.
- Economic downturns: During economic downturns, consumers may be less willing to spend money on non-essential products like vitamin supplements, which could lead to decreased demand for these products.
Global Vitamin C Market Report Snapshots
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