Vitamin C Ingredients Market by Product Type (Ascorbic Acid, Sodium Ascorbate, Calcium Ascorbate, Ascorbic Acid 90% Granulation & Coated Vitamin C)
Industry: Food and Beverages
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 300
Report ID: PMRREP31920
The market for vitamin C ingredients can be expected to expand at a value based CAGR of 6.2% and show an increase in revenue from US$ 2,780.1 Million to around US$ 4,794.0 Million by 2033.
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Vitamin C ingredients Market Size (2023E) |
US$ 2,780.1 Million |
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Projected Sales of Vitamin C ingredients (2033F) |
US$ 4,794.0 Million |
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Value CAGR (2023 to 2033) |
~5.6% |
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Value Share of Top 4 Countries (2023 E) |
~ 20 to 25% |
The Global Vitamin C Ingredients Market has witnessed significant growth in the historical period registering a CAGR of ~5.3% in the historical period and is valued at US$ 2,780.1 Million in 2023.
Vitamin C ingredients are water-soluble nutrients with essential functions in the body, including normal immune system function and anti-oxidant capabilities, as well as assisting with everything from iron absorption to normal collagen formation for the function of the blood heart, vessels, bones, skin, teeth, and gums. Clinical studies have highlighted the potential role of vitamin C ingredients in treating atherosclerosis, arterial hypertension, and cancer with a high dose. It has been shown to improve the quality of life in cancer patients. Vitamin C ingredients help create younger-looking, firmer-feeling skin while fading signs of uneven skin and spots along with increasing immunity in animals.
“Premium Preferences by Consumers for Nutritious Additives”
The awareness about high-quality food, which contributes to good health and constitutes nutritional value, has inclined consumers towards a healthy eating regime. Consumers today demand food that is natural and nutritious with health benefits. Millennials are looking for high-quality products through their interest in food without compromising on the nutritional value and taste of the food.
Vitamin C ingredients serve this demand of consumers by adding flavor to food with potent nutritional value. Thus, adding health benefits to consumers’ food. It provides a nice tart flavor that enhances many food products including jams, jellies, fruit juices, and candies, and offers benefits from this burst of acidity that gives the consumer a distinct impression of fresh fruit.
“Health-conscious Consumers Demanding for Dietary Supplements Benefits to Drive Market Growth”
Micronutrients play a critical role in the overall nutrition and health of the human body. A plethora of continued research conducted in prominent scientific journals emphasizes the beneficial effects of vitamins and minerals. However, with the change in lifestyle and eating habits, consumers across the globe fail to meet the suggested intake levels of vitamins. The impact of low micronutrient consumption is a major public health concern, resulting in susceptibility to infection and disease, which has led to an increase in consumer consumption of dietary supplements.
The demand for vitamin C ingredients as dietary supplements has risen due to the increasing prevalence of heart disease and high blood pressure, which are the leading causes of death worldwide. Furthermore, Vitamin C ingredients considered to boost immunological health by lowering these risks.
“Increasing Demand for Anti-oxidants Fueling Growth of Vitamin C Ingredients in Food Industry”
Ascorbic acid is capable of preserving food and providing safety standards for different food products. It is used as an anti-oxidant to provide multiple benefits to food products by slowing the oxidation process. Ascorbic acid has low pH, which prevents microbial growth. Thus, arresting spoilage and preserving freshness in food products such as cured meats, jams, jellies, sauces, and spreads.
The manufacturers of dairy, bakery, confectionery, and beverages are emphasizing finding natural ways to keep their portfolios fresh for a longer period. Artificial preservatives today fail to meet the expectations of modern consumers. Vitamin C ingredients such as ascorbic acid, which is sourced naturally serve this demand of manufacturers and plays an essential part as a preservative to increase the shelf-life of food products, thus driving the market growth during the forecast period.
“Production of Synthetic Vitamins to Restrict Market Growth of Vitamin C Ingredients”
The increasing demand for vitamin C ingredients has pushed manufacturers to produce vitamins synthetically in a laboratory. Most commercial vitamins are made from synthetic sources, which are cheaper and easier to produce than natural derivatives. Different laboratories use different techniques to produce synthetic vitamins, which can be derived from different chemical reactions.
Synthetic vitamins serve the demand of the customers but fails to provide the potent benefits of natural vitamins. The availability of natural sources for developing vitamins depends on the climatic conditions and weather while producing it synthetically in laboratories is much easier. Overdose of these vitamins causes diarrhoea, nausea, vomiting, headache, insomnia, and other side effects. Thus, increasing production of synthetic vitamins and increased penetration of it in the market may restrict the use of vitamin C ingredients among consumers demanding naturally sourced vitamin C ingredients.
What is the Demand Outlook in Europe Region Vitamin C Ingredients market?
The market of Europe will hold a value share of ~29.5% in the global vitamin C components market in 2023. The booming supplement market in the region and demand for natural-based pharmaceutical products are the major factors driving demand for vitamin C ingredients in Europe. Moreover, the consumption of dietary supplements in the region is high with the importance of health and wellness known to consumers’ lifestyle and eating habits, which forces consumers to intake additional nutrients in their daily routine. This has encouraged the sales of vitamin C ingredients to rise, as it possesses the potent health benefits required to maintain a healthy diet.
Why does the market for vitamin C ingredients have such high potential in Asia-Pacific?
Countries in South Asia and East Asia such as India, Thailand, and Japan among others are anticipated to witness considerable market growth of around ~7.8% and ~5.2% owing to the increasing disposable income, changing consumer preference for healthy ingredients, growing awareness of vitamin C in the region.
Why is the Ascorbic Acid Expected to Project Higher Sales in the Forecast Duration?
The market value for ascorbic acid type is expected to holds the market value of ~US$ 1,442.1 Million during the forecast period owing to the increased demand of ascorbic acid in the healthcare and pharmaceutical industry. Ascorbic acid aids in the prevention of vitamin C deficiency in consumers who do not acquire adequate vitamin content from their daily diet.
Significant micronutrient deficiencies, such as folate, iron, iodine, vitamins A and C, and zinc, are common in Asian countries, making the region a profitable market for vitamin C ingredient manufacturers and suppliers globally.
Leading manufacturers in the global Vitamin C ingredients market space are carrying out various partnerships and collaboration to gain synergy benefits and increase production capacity for high market share. Players in the vitamin C ingredients market are targeting their product offerings specially toward the food and beverage and pharmaceutical manufacturers as the vitamin C ingredients is majorly used in bakery products, jams along with the manufacturing of the medicines and sports nutrition.
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Attribute |
Details |
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Forecast period |
2023 to 2033 |
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Historical data available for |
2018 to 2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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The global market for vitamin C ingredients has a value of US$ 2,780.1 Mn in 2023.
The global market for vitamin C ingredients has a value CAGR of ~5.3% from 2018-2022.
The global market for vitamin C ingredients has a value of US$ 4794.0 Mn in 2033.
The global market for vitamin C ingredients has a value CAGR of ~5.6% from 2023-2033.
The top players include Koninklijke DSM N.V., Northeast Pharmaceutical Group Co., Foodchem International Corporation, and Spectrum Chemical Manufacturing Corp. with a market share of about 30%-40%.
