Vitamin C Prices Surge Amid Growing Demand from Aging Global Population

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐕𝐢𝐭𝐚𝐦𝐢𝐧 𝐂 𝐏𝐫𝐢𝐜𝐞𝐬 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐐𝟐

𝐕𝐢𝐭𝐚𝐦𝐢𝐧 𝐂 𝐏𝐫𝐢𝐜𝐞𝐬 𝐢𝐧 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬:

The drop in vitamin C prices from above June 2023, to 4150 USD/MT, saw significant fluctuations in the U.S., such as in Q2 of 2024. As a consequence of this downward trend, which was conditioned by poor demand from the food, medical, and supplement markets, there was surplus stock. To take this further, competition from Asia has also diminished market prices, while high freight costs and logistics added pressure. The result has been negative pricing trends in reports about high inventory levels and weak demand, reflecting the usual difficulties in trying to balance supply and demand.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/vitamin-c-pricing-report/requestsample

𝐕𝐢𝐭𝐚𝐦𝐢𝐧 𝐂 𝐏𝐫𝐢𝐜𝐞𝐬 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚:

In June 2024, the prices for vitamin C in China tumbled down to 3350 USD/MT. There was a big fall in market prices due to heavy stock and low demand at both domestic and international levels. It caused a further strain on suppliers with the exorbitant shipping costs and delayed logistics. Most importantly, excess supply, reduced demand and transport problems have continued to compound a decrease in prices of vitamin C, leading to a torturous market environment across the quarter.

𝐕𝐢𝐭𝐚𝐦𝐢𝐧 𝐂 𝐏𝐫𝐢𝐜𝐞𝐬 𝐢𝐧 𝐆𝐞𝐫𝐦𝐚𝐧𝐲:

In Q2 2024, vitamin C prices in Germany reached 3720 USD/MT in June. The market experienced price declines due to oversupply and weak demand, especially from the nutraceutical and pharmaceutical sectors. Competitive pricing from Chinese suppliers pushed German producers to lower their prices further. Logistical issues and seasonal factors also impacted the market, contributing to a negative pricing trend. Suppliers faced lower profitability and ongoing adjustments as they tried to manage the challenging market conditions throughout the quarter.

𝗦𝗽𝗲𝗮𝗸 𝘁𝗼 𝗮𝗻 𝗔𝗻𝗮𝗹𝘆𝘀𝘁: https://www.imarcgroup.com/request?type=report&id=22672&flag=C

𝐇𝐨𝐰 𝐈𝐌𝐀𝐑𝐂 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐃𝐚𝐭𝐚𝐛𝐚𝐬𝐞 𝐂𝐚𝐧 𝐇𝐞𝐥𝐩

The latest IMARC Group study, "𝐕𝐢𝐭𝐚𝐦𝐢𝐧 𝐂 𝐏𝐫𝐢𝐜𝐞𝐬, 𝐓𝐫𝐞𝐧𝐝, 𝐂𝐡𝐚𝐫𝐭, 𝐃𝐞𝐦𝐚𝐧𝐝, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐍𝐞𝐰𝐬, 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐃𝐚𝐭𝐚 𝟐𝟎𝟐𝟒 𝐄𝐝𝐢𝐭𝐢𝐨𝐧," presents a detailed analysis of Vitamin C price trend, offering key insights into global Vitamin C market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Vitamin C demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.