Press release
Vitamin C Market to Exhibit a Remarkable CAGR of 8.10% by 2031, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook
Global vitamin C market size was valued at USD 1.23 billion in 2023 and is projected to reach USD 2.29 billion by 2031, with a CAGR of 8.10% during the forecast period of 2024 to 2031.Market Definition:
Vitamin C, also known as ascorbic acid, is a water-soluble vitamin that plays a crucial role in various bodily functions. It is essential for the growth, development, and repair of all body tissues. Vitamin C is also an antioxidant, helping to protect cells from damage caused by free radicals. In addition, vitamin C is necessary for the production of collagen, a protein that helps wounds heal. It also improves the absorption of iron from plant-based foods and helps the immune system function properly. Since the body cannot produce vitamin C on its own, it must be obtained from diet or supplements.
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Some of the major market players operating in the market are:
Foodchem International Corporation (China), CSPC Pharmaceutical Group Limited (China), Glanbia plc (Ireland), Northeast Pharmaceutical Group Co., Ltd ( NEPG ) (China), Duchefa Biochemie (Netherlands), DSM (Netherlands), ADM (U.S.), Bayer AG (Germany), Abbott (U.S.), Merck & Co., Inc. (U.S.), Anhui BBCA International Co., Ltd. (China), Vitamin Energy (U.S.), DuPont (U.S.), Sanofi (France), Dsm-firmenich(China).
Competitive Landscape and Vitamin C Market Share Analysis :
The market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the market.
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