Ascorbic Acid Market Report Covering Prime Factors and Competitive Outlook till 2031

Ascorbic Acid Market was valued at $1.3 billion in 2021, and is projected to reach $2.2 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.

Ascorbic acid, also known as Vitamin C is discovered in many food products. It functions as a that strengthens bones, promotes healthy skin, and helps fight bacterial infections. It has a significant function throughout the body. Vitamin 'C' deficiency can result in issues like a rash, joint pain, and weakness. Since it helps in tissue repair and enzymatic production, it is witnessing a high demand. It has antioxidant properties as well. The key factor driving the growth is rising awareness about the importance of vitamin C in the body.

Ascorbic acid is a robust antioxidant that is extensively used in dermatology to treat and slow down changes in the skin caused due to photoaging and in treatment of hyperpigmentation. Increasing application of vitamin C in cosmetic products to provide brightening and glowy effects to skin and growing popularity of these products are factors expected to drive market growth going ahead. However, side effects associated with higher intake of ascorbic acid such as diarrhea, nausea, vomiting, and redness of skin can potentially hamper market growth to a certain extent over the forecast period.

Ascorbic acid (C6H8O6) is naturally formed from citrus fruits such as lemons, grapefruit, limes, and others. It is synthesized artificially by the fungus Aspergillus Niger and Candida lipolytica, which generates more ascorbic acid than the others. Ascorbic acid comes in several variants: sodium ascorbate, potassium ascorbate, calcium ascorbate, magnesium ascorbate, and others. Sodium ascorbate is the most common type used to provide a sour and nutritional flavor to food & beverages, and also serves as a preservative, pH indicator, antioxidant, and coloring agent.

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Global Ascorbic Acid Market: Major Players
Henan Huaxing
Northeast Pharma
Shandong Luwei
North China Pharma
Shandong Tianli
Zhengzhou Tuoyang
Anhui Tiger
DSM
Ningxia Qiyuan
Aland Nutraceutical
CSPC Pharma

Global Ascorbic Acid Market: By Types
Capsules
Powders
Tablets
Others

Global Ascorbic Acid Market: By Applications
Children
Adult

Global Ascorbic Acid Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Ascorbic Acid market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

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