Vitamin C Market Will Surpass USD 13.2 Billion by 2030 at 2.88% CAGR Growth

Global Vitamin C Market Overview:

The vitamin C market is anticipated to grow moderately during the current decade. Growing demand for vitamin C supplements, drinks, and food items would accelerate the market growth. According to Market Research Future (MRFR), the global Vitamin C Market is expected to grow from USD 10.9 BN in 2022 to USD 13.2 BN by 2030, with a 2.88% CAGR during the review period (2023-2030).

Vitamin C has become a popular food additive and ingredient, boasting diverse applications in industries, including food & beverages, pharmaceutical & nutraceuticals, and personal care. Due to its ability to support the damage-repairing of body cells, vitamin C is extensively used in a range of health drinks, supplements, and nutraceuticals.

It is also widely used as a fortifying agent in various products, including juices, sports drinks, confectionery, and functional food & beverages. Increasing demand for food fortification and the prominence of vitamin C in various foods and beverages accelerate the market shares. Moreover, the huge demand for vitamin C as a preservative is a major growth driver.

Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1938

Global Vitamin C Market – Segments:

The market report is segmented into type, application, and region. The type segment is sub-segmented into sodium ascorbate, calcium ascorbate, potassium ascorbate, and magnesium ascorbate. The application segment is sub-segmented into pharmaceutical & nutraceuticals, food & beverages, personal care, and others. By region, the vitamin C market is segmented into the Americas, Asia-Pacific, MEA, Europe, and the rest of the world.

Global Vitamin C Market – Regional Analysis:

Asia-Pacific dominates the global vitamin C market, witnessing the rising demand from nutraceutical and supplement manufacturers. Besides, the growing focus on preventive healthcare over curative solutions boosts the vitamin C market size. With its raw material advantage and cost-competitive logistics, the region has long been attracting international investors and industry players.

Moreover, the increasing demand for nutritional products in this region creates enormous growth opportunities for vitamin C manufacturers and suppliers. APAC countries like India and China are substantially larger markets for vitamin C in the region, witnessing the growing demand from the health supplements market.

Global Vitamin C Market – Competitive Analysis:

The highly competitive vitamin C market appears fragmented due to the presence of many large and small players. Low entry barriers attract new market entrants, increasing the market competition further. New and online players are challenging many retailers and manufacturers.

Many leading producers and retailers expand through mergers & acquisitions and collaborations to gain a larger competitive share. The rapid proliferation of vitamin C products, primarily via online platforms, challenges these players.

Full Report @ https://www.marketresearchfuture.com/reports/vitamin-c-market-1938

Major Players:

Leading vitamin C market players are Abbott Laboratories (US), Amway (US), Bayer AG (Germany), Nutraceutics Corp. (US), Nutraceutics Corp. (US), Koninklijke DSM N.V. (Netherlands), and GlaxoSmithKline plc (UK), among others.

Industry Advancements/Related News:

Nov.18, 2021 – TCP Group, the Krating Daeng energy drink producer, announced a partnership with DHC, a leading Japanese food supplement producer, to launch a vitamin C drink. Companies will tap into Thailand’s 7-billion-baht vitamin C market this year. TCP Group has a deep understanding of Thai consumers and a strong presence in the market. TCP Group and DHC had jointly developed a 200% vitamin C shot drink, ”Hi! x DHC”.

Related Reports:

Vitamin Supplements Market Research Report Information By Type (Vitamin B, Vitamin C, Vitamin D, Multivitamins, and others), By Form (Tablets, Capsules & Soft Gels, Powder, and Others), By Distribution Channel (Store-Based and Non-Store-Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

Vitamins Market Research Report Information By Type (Vitamin B, Vitamin C, Vitamin E, Others), By Source (Synthetic, Natural), Based on Application (Food & Beverages, Pharmaceutical & Nutraceutical, Animal Feed, Personal Care), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030

Natural Antioxidants Market Research Report Information By Type (Vitamin E, Vitamin C, Carotenoids and Rosemary Extract), By Application (Food & Beverages, Personal Care, Animal Feed and Others), By Form (Dry and Liquid), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide.

Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients.

Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Tags: Vitamin C Market outlook, Vitamin C Market analysis, Vitamin C Market report, Vitamin C Market Insights, Vitamin C Market research, Vitamin c Market, Vitamin C Market Size, Vitamin C market trends, Vitamin C market growth, Vitamin C market overview, Vitamin C Market Share See Campaign: https://www.marketresearchfuture.com/reports/vitamin-c-market-1938

Contact Information:

Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com

Tags:
Research Newswire, English