About Vitamin C Ingredients
Vitamin C is a food additive naturally found in vegetables and fruits, acts as an essential nutrient in human diets. Apart from its health benefits, it is also used in several commercial environments such as water treatment plants, beverages, and bakeries. It is important for the growth and repair of tissues in all parts of the body. Vitamin C also plays an important role to repair and maintain bone, cartilage, and teeth. It also helps with the absorption of iron into the body.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Vitamin C Ingredients market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Foodchem International Corporation (China), Koninklijke DSM N.V. (Netherlands), Northeast Pharmaceutical Group Co., Ltd. (China), Spectrum Chemical Manufacturing Corp. (United States), Innophos, Inc. (United States), Pure Encapsulations, LLC (United States), The TNN Development Limited (China), NutriScience Innovations LLC (United States), Ettlinger Corporation (United States) and Now Foods (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Natural Health Concepts (United States), Triveni Inerchem Private Limited (India), Akhil Healthcare Private Limited (India), Shandong Luwei Pharmaceutical Co., Ltd. (China), Microbelcaps S.A. (Belgium), Hangzhou Focus Corporation (China) and Beijing Heronsbill Food Material Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Vitamin C Ingredients market by Type (Sodium Ascorbate, Calcium Ascorbate, Potassium Ascorbate, Magnesium Ascorbate and Others), Application (Food, Beverages, Cosmetic and Personal Care Products, Pharmaceuticals and Animal Feed) and Region.
On the basis of geography, the market of Vitamin C Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Vitamin C Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Reichstein Process will boost the Vitamin C Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Natural will boost the Vitamin C Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Shift in Consumer Preferences for Nutritious Additives
Market Growth Drivers:
Increasing Application of Vitamin C in Food and Beverages for Fortification, Growing Use in Personal Care and Animal Feed Industry and Increasing Number of Vitamin C Deficient Population around the World
Challenges:
Production and Distribution of Vitamin C Ingredient
Restraints:
Increasing Incidences of Gastrointestinal Irritation and Diarrhea Owing To Overconsumption
Opportunities:
Increasing Demand for Functional Food and Fortified Food and Growing Research & Development Activities for Innovating Vitamin C Ingredients with Increased Application in the Food & Beverage Industry
Market Leaders and their expansionary development strategies
In June 2023, DSM-Firmenich announced it was restructuring its vitamin business in response to weakening vitamin markets. In terms of vitamins, the restructuring will improve the company's performance. The vitamin asset footprint will be restructured, resulting in significant cost savings. Vitamin C production is now concentrated on Quali-C from Dalry, the United Kingdom. Including partnerships or repurposing the Jiangshan site, the company is exploring options.
In July 2019, Koninklijke DSM N.V. has expanded its vitamin C facility in Jiangshan, China, for increasing the production of vitamin C ingredients. The company has invested in modernizing the facility in China for improving the performance of the plant, along with the quality and safety efficiencies.
Key Target Audience
Vitamin C Ingredients Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Food and Beverage Companies, Pharmaceutical Companies, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.