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Ascorbic Acid Market Estimated to Soar Higher by 2025
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Ascorbic acid acts as a vitamin in case of there being a deficiency of vitamin C in the body and it is also known for its antioxidant properties. However, the main use of ascorbic acid is to prevent and treat the vitamin C deficiency in the body. Due to the vitamin C deficiency, a disease called Scurvy can occur due to which one may suffer from body rashes, muscle weakness, joint pain and tooth decay.
The global ascorbic acid market is all set to register a high growth trajectory in the coming decade with increasing use of this product in the pharmaceuticals and food and beverage industries. The deficiency of vitamin C is affecting increasing number of people in the world due to a change in lifestyle and a change in dietary habits of the population. Coupled with this, a rising awareness about leading a healthy lifestyle and growing living standards is expected to further boom the global market for ascorbic acid during the coming decade.
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In addition, ascorbic acid is also used as a reducing agent and has good antioxidant properties. A large demand for ascorbic acid is sourcing from the demand of the antioxidant diet supplement market. This is going to further increasing the demand of ascorbic acid in the market. Due to the heavy investments and cutting edge research and development done by key industry players and along with a rapid pace of progression in the pharmaceutical and medical industries, the demand of ascorbic acid is going to surge further.
However, there are also a variety of restrains affecting the global ascorbic acid market. Some of the restraints are related to the raw materials supply for the manufacture of ascorbic acid. Since the production of ascorbic acid is highly dependent on the supply of these raw materials, uncertainty in the supply of such materials and global fluctuations in the price of such raw materials may adversely affect the global ascorbic acid market. In addition, isoascorbic acid is being increasingly used in the place of ascorbic acid as a preservative in the food & beverage industry, thereby adversely affecting the global ascorbic acid market. Geographically speaking, the market for ascorbic acid is primarily concentrated in the Asia Pacific region, followed by Europe and North America. In addition, the Asia Pacific region is poised to be the fastest growing ascorbic acid market in the coming decade. The reason for this demand of ascorbic acid is due to increasing concentration of people for fitness, and hence consumption of gym and nutritional supplements containing ascorbic acid is on the rise globally.
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Some of the important players in the global ascorbic acid market are BASF SE, Nestle, North China Pharmaceutical Group, Aland Nutraceuticals Group, Dishman Group, DSM, and Shandong Luwei Pharmaceutical among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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