openPR Logo
Press release

Ascorbic Acid Market is Expected to Reach Over US$ 2.3 Billion by 2032 |BASF SE, Merck KGaA, Koninklijke DSM NV, Northeast Pharmaceutical Group Co. Ltd

03-27-2023 05:22 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Global Insight Services

Ascorbic Acid Market

Ascorbic Acid Market

The global ascorbic acid market was valued at USD 1.3 billion in 2022 and it is anticipated to grow further till USD 2.3 billion by 2032, at a CAGR of 6.0% during the forecast period.

Get Access to A Free Sample Copy of Our Latest Report - https://www.globalinsightservices.com/request-sample/GIS24646

A water-soluble vitamin called ascorbic acid is beneficial for those with serious illnesses. The COVID-19 pandemic had a favorable effect on market growth because people needed more vitamin C to boost their immunity. Additionally, ascorbic acid was used to treat COVID-19 patients who had only minor symptoms. Additionally, people were more likely to take vitamin C supplements to maintain their health and strengthen their defenses against the infection.

Market Driver and Trends

In the following years, market growth is anticipated to be fueled by the increased demand for ascorbic acid in a number of industries, including baking, beverages, food processing, dietary supplements, and meat. Another important element boosting market expansion is the rise in cases of age-related macular degeneration and cataracts, as well as cancer, cardiovascular disease, the common cold, and cancer that can be protected by ascorbic acid absorption. In addition to the increased incidence of chronic diseases, the government's expanding efforts to spread the word about ascorbic acid's advantages will also present growth prospects for the ascorbic acid sector.

View Detailed Report Description - https://www.globalinsightservices.com/reports/ascorbic-acid-market/

Major Players in the Global Ascorbic Acid Market

The key players studied in the report are BASF SE, Merck KGaA, Koninklijke DSM NV, Northeast Pharmaceutical Group Co. Ltd., Luwei Pharmaceutical Group Co. Ltd., Foodchem International Corporation, Honson Pharmatech Group, MC Biotec Inc., Freshine Chem, and CSPC Pharmaceutical Group among others.

COVID-19 Impact

The impact of COVID-19 has been detrimental to the overall economies of the affected countries, impeding economic growth, the smooth operation of the financial markets, the value of foreign currencies, and interest rates. The demand for ascorbic acid among food producers decreased as a result of changes in consumer tastes and perceptions, which hurt the manufacturers' businesses by lowering sales and profitability.

Get A Customized Scope to Match Your Need Ask an Expert- https://www.globalinsightservices.com/request-customization/GIS24646

Global Ascorbic Acid Market Segmentation

By Type

Potassium Ascorbate
Calcium Ascorbate
Magnesium Ascorbate
Others

By Application

Food & Beverages
Pharmaceutical
Beauty & Personal Care
Animal Feed

By Form

Powder
Liquid

Buy Now - https://www.globalinsightservices.com/checkout/single_user/GIS24646

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

New Report Published by Global Insight Services: https://www.globalinsightservices.com/reports/hydrogen-projects-database/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

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 Ascorbic Acid Market is Expected to Reach Over US$ 2.3 Billion by 2032 |BASF SE, Merck KGaA, Koninklijke DSM NV, Northeast Pharmaceutical Group Co. Ltd here

News-ID: 2989313 • Views:

More Releases from Global Insight Services

Protein Sequencing Market Is Anticipated To Expand From $1.1 Billion In 2024 To $1.6 Billion By 2034
Protein Sequencing Market Is Anticipated To Expand From $1.1 Billion In 2024 To …
Market Overview The Protein Sequencing Market is gaining strong momentum as advancements in genomics and proteomics continue to transform biomedical research and drug development. Protein sequencing, which involves determining the precise order of amino acids in a protein, is an essential process for understanding biological mechanisms, disease pathways, and therapeutic targets. The market integrates advanced technologies such as mass spectrometry, Edman degradation, and sophisticated data analysis software to deliver accurate and
Orthotics & Prosthetics Market Is Anticipated To Expand From $7.6 Billion In 2024 To $15.3 Billion By 2034
Orthotics & Prosthetics Market Is Anticipated To Expand From $7.6 Billion In 202 …
Market Overview The Orthotics & Prosthetics Market is experiencing strong growth as technology continues to transform mobility solutions for individuals with limb loss or physical impairments. This market focuses on the design, development, and distribution of devices such as orthotic braces, prosthetic limbs, and related assistive technologies that restore function and improve quality of life. With advancements in materials science, 3D printing, and artificial intelligence, the market is evolving rapidly to
Pipeline Maintenance Services Market Expected to Grow from $25.8 Billion in 2024 to $42.1 Billion by 2034 at 5% CAGR | Overall Study Report
Pipeline Maintenance Services Market Expected to Grow from $25.8 Billion in 2024 …
Market Overview The Pipeline Maintenance Services Market is a vital segment of the energy and utilities industry, focusing on the upkeep and operational efficiency of pipeline infrastructures. These services include inspection, cleaning, repair, leak detection, and corrosion control, all of which are essential for the safe and efficient transportation of oil, gas, and water. As pipeline networks age and regulatory standards tighten, the market is increasingly prioritizing safety, environmental compliance, and
Space Semiconductor Market rising from $1.3 Bn to $2.1 Bn (2034), CAGR 4.9%. Key Players: MaxLinear, Skyworks Solutions, Qorvo
Space Semiconductor Market rising from $1.3 Bn to $2.1 Bn (2034), CAGR 4.9%. Key …
Market Overview Space Semiconductor Market is poised for steady growth, driven by the increasing demand for reliable and high-performance electronic components in space applications. This market covers the design, development, and production of specialized semiconductors tailored to withstand the harsh conditions of space, including radiation-hardened integrated circuits, power management devices, and communication chips. The growth of satellite deployment, advancements in space exploration, and the need for durable electronics are fueling innovation

All 5 Releases


More Releases for Ascorbic

Cost of Establishing Ascorbic Acid Plant with Manufacturing Insights
Setting up an ascorbic acid manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations. IMARC Group's report titled "Ascorbic Acid Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing an ascorbic
Ascorbic Acid Price Trend 2025, Price Chart and Forecast
Ascorbic Acid Price Trend in North America: Q1 2025 Overview Ascorbic Acid Prices in United States: In Q1 2025, Ascorbic Acid Prices in the USA showed moderate volatility, reaching 3,728 USD/MT in March. Strong demand from pharmaceutical and nutraceutical sectors supported price gains early in the quarter. However, elevated inventory levels and cautious buying strategies by key buyers limited further increases. The Ascorbic Acid Price Trend during this period reflected this
Ascorbic Acid Prices & Trends - Stay Updated Daily!
North America Ascorbic Acid Prices Q4: Ascorbic Acid Prices in United States: The USA Q4 2024 Ascorbic Acid Price Trend reflected a constant uptrend, hitting $3,637 USD/MT in December, thanks mostly to robust demand from food and beverages, pharmaceuticals, and nutraceuticals. The consistent usage from such crucial industries maintained market values high throughout the period. Finally, advancement in port facilities and decreased logistics bottlenecks enabled smoother supply chains, reinforcing the price
Encapsulated Ascorbic Acid Market Market Size & Share Report, 2031
We are excited to announce the release of our novel market research offering- "Encapsulated Ascorbic Acid Market Size, Share and Trends | 2031". This syndicate research offers a present market scenario and includes future projections. Details such as the latest trends, technologies, and opportunities are certainly exclusive perks of this report. Both dominant market players as well as start-ups can purchase this market research. The Insight Partners added indispensable growth insights
Ascorbic Acid Market Report Up to 2031
Visiongain has published a new report on Ascorbic Acid Market Report to 2031: Forecasts By Application (Food & Beverages, Chemicals, Personal Care, Pharma, Agriculture, Others), By Distribution Channel (Online Channels, Offline Channels) PLUS Profiles of Leading Ascorbic Acid Manufacturing Companies and Regional and Leading National Market Analysis, PLUS COVID-19 Recovery Scenarios. Download Exclusive Sample of Report @ https://www.visiongain.com/report/ascorbic-acid-market/#download_sampe_div Ascorbic acid has a wide range of application in pharmaceutical, food & beverage and
Vitamin C Ingredients Market Report 2018: Segmentation by Type (Ascorbic Acid, S …
Global Vitamin C Ingredients market research report provides company profile for North China Pharmaceutical Co., Ltd, The TNN Development Limited, Hunan Sunshine Bio-Tech Co., Ltd, Microbelcaps, Wuhan Yuancheng Gongchuang Technology Co.,Ltd, Hangzhou Focus Corporation, Foodchem International Corporation, Koninklijke DSM N.V., CSPC Pharmaceutical Group Limited, Glanbia Nutritionals China (Suzhou) Co., Ltd, Northeast Pharmaceutical Group Co., Ltd and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share,