openPR Logo
Press release

The Ascorbic Acid Market to stay persistent amidst technological turmoil at a CAGR of 5.1% between 2018-2028

The Ascorbic Acid Market to stay persistent amidst

Ascorbic Acid Market Segmented By Food and Pharmaceutical, Industrial Ascorbic Acid Grade in Food and Beverages, Pharmaceutical, Cosmetics, Chemicals, Agriculture

Persistence Market Research has published a new research study titled "Ascorbic Acid: Global Industry Analysis 2013-2017 and Forecast 2018-2028". According to PMR analysis, the global Ascorbic Acid market that was valued at US$ 997.3 Mn at the end of 2017 will reach beyond US$ 1,700 Mn by the end of 2028, at a healthy CAGR of 5.1% over 2018-2028.

Request For Report Sample@ https://www.persistencemarketresearch.com/samples/7235

ascorbic acid Market

Rampant population growth has been leading to global increase in the demand for food. It has thus become increasingly important for food industry participants to supplement food products with minerals and vitamins that cater to daily requirements of nutrient intake. To meet this increasing demand for inclusion of vitamins and minerals in food supplements, manufacturers have started using Ascorbic Acid as an important ingredient and thus, the global Ascorbic Acid market is estimated to grow with healthy CAGR during the forecast period.

Global Ascorbic Acid Market: Key Dynamics

Ascorbic Acid finds various applications in food as well as pharmaceutical sectors. Within the food & beverage industry, Ascorbic Acid is utilized as a protein source in various food items. Growing demand for food and beverage products from emerging economies, such as India and China, is expected to drive the concerned market during the forecast period.

The global population has quadrupled in between 2010 and 2016. As per a recent study by the United Nations, the global population reached 7.5 billion in April 2017 and is expected to reach 9.7 billion by 2050. This growth in population is anticipated to create huge demand for food & beverages products, which in turn, will drive the global Ascorbic Acid market during the forecast period.

The intake of vitamin C has doubled in the last few decades due to growing awareness about health benefits of vitamin C. Ascorbic Acid is a good source of vitamin C. As a result of these factors, the global Ascorbic Acid market is expected to witness lucrative growth throughout the forecast period.

On the flip side, increasingly strict environmental regulations and upsurge in manufacturing cost of Ascorbic Acid are two important factors that will have a negative impact on the Ascorbic Acid market. These factors have lowered the margins of Ascorbic Acid manufacturers, which will further hamper the growth of the global Ascorbic Acid market.

Further, the presence of substitutes will prove to be a key challenge in the global Ascorbic Acid market. For instance, in October 2018, DuPont introduced an alternate to Ascorbic Acid under the brand name GRINDAMYL SURE Bake for bakery application.

Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/7235

Prominent players in the Ascorbic Acid market are focusing on strategic developments. This can primarily be attributed to the efforts being made by companies to meet the increasing demand for Ascorbic Acid from end-use industries.

Glanbia Nutritionals China (Suzhou) Co., Ltd. recently completed the acquisition of Grass Advantage LLC, a plant-based nutrition products firm, to meet the increased demand for vitamins/Ascorbic Acid. Further, the company announced acquisition of Body & Fit, a leading direct-to-consumer (DTC) online branded business to gain market share in the nutrition business segment.
The CSPC Pharmaceutical Group Limited has entered an agreement with China-based Ouyi Pharmaceutical, over the sales of Ascorbic Acid, sales of an antibiotic, and product processing services.
Global Ascorbic Acid Market: Segmentation Analysis

Europe and East Asia, collectively, are estimated to hold one-fourth share in the global Ascorbic Acid market. In the East Asia region, China is a major consumer and is estimated to hold significant share during the forecast period. China is projected to grow at a CAGR of 4.2% during the forecast period.

In terms of end-use segments, the Food & Beverages segment is estimated to hold approximately three-fourth market value share in the global market and is projected to grow at a healthy growth rate during the forecast period.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/7235

Global Ascorbic Acid Market: Key Participants

This report on the global Ascorbic Acid market studies some of the major players in the Ascorbic Acid market, such as Sigma-Aldrich Corporation (Merck), Koninklijke DSM N.V., Northeast Pharmaceutical Group Co., Ltd., CSPC Pharmaceutical Group Limited, MUBY CHEMICALS, Shandong Luwei Pharmaceutical, North China Pharmaceutical Co. Ltd, Glanbia Nutritionals China (Suzhou) Co., Ltd, LabChem Inc. and China BBCA Group Corporation, among others.

Read More Trending "PMR Exclusive Article

Latin America Industrial Explosives Market - https://www.persistencemarketresearch.com/market-research/latin-america-industrial-explosives-market.asp
North America Aluminum Sulfate Market - https://www.persistencemarketresearch.com/market-research/north-america-aluminum-sulfate-market.asp
Dimer Acid Market - https://www.persistencemarketresearch.com/market-research/dimer-acid-market.asp
Synthetic Tartaric Acid Market - https://www.persistencemarketresearch.com/market-research/synthetic-tartaric-acid-market.asp

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Ascorbic Acid Market to stay persistent amidst technological turmoil at a CAGR of 5.1% between 2018-2028 here

News-ID: 2714392 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Acid

Adipic Acid Market, Adipic Acid Market share, global Adipic Acid Market, Adipic …
The research is a great blend of qualitative and quantitative data, covering significant market developments, industry and competitive issues, gap analysis, and new opportunities and trends in the Adipic Acid Market. The report's goal is to give cutting-edge market knowledge and assist decision makers in making smart investment decisions by presenting an overview of the Global Flooring Adhesives Market. Additionally, the research identifies and analyses upcoming trends, as well as
Chloroacetic Acid (Monochloroacetic Acid) Market 2022 | Detailed Report
The market report delivers an all-inclusive analysis of the market structure along with a forecast of the various segments and sub-segments of the Chloroacetic Acid (Monochloroacetic Acid) industry. This wide-ranging market research report acts as a backbone for the success of business in any niche. The Chloroacetic Acid (Monochloroacetic Acid) market survey report has been prepared by conducting market research in a systematic manner. Moreover, the Chloroacetic Acid (Monochloroacetic Acid)
Bio-Based Platform Chemicals Market Value to Expand at $18.8 Billion by 2021 : I …
"North America and Europe, collectively accounted for more than half of the total platform chemicals market in 2015 and are expected to maintain this throughout the forecast period. Key factors responsible for the market growth in these regions include, stringent government regulations imposed on the consumption of toxic chemicals and rapid adoption of innovative technologies. However, Asia-Pacific is projected to be the fastest-growing segment due to increase in industrial activities
Dimeric fatty acid Market, Dimeric fatty acid Market Growth, Dimeric fatty acid …
The Fact.MR report covers all the recent developments in the dimeric fatty acid market. The report features a list of market leaders and new entrants in the dimeric fatty acid market, including Croda International Plc., Kraton Corporation, Oleon NV, Shandong Huijin Chemical Co. Ltd., Liancheng Baixin Science and Technology Co. Ltd., Jiangsu Jinma Oil Technology Development Co., Ltd., Jiangsu Yonglin Oleochemical Co. Ltd., Anqing Hongyu Chemical Co., Ltd., Aturex Group,
Feed Acid Market Report 2018: Segmentation by Type (Acetic Acid, Butyric Acid, F …
Global Feed Acid market research report provides company profile for Nutrex NV, Novozymes Adisseo France SAS, Pancosma SA, Perstorp Holding AB, BASF SE, Biomin GmbH, Kemin Industries Inc, Kemira Oyj, Novus International Inc and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and
Feed Acidifiers Market Report 2018: Segmentation by Type (Propionic Acid, Formic …
Global Feed Acidifiers market research report provides company profile for Yara International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), Biomin Holding GmbH (Austria) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc.