Vitamin C Market Size | COVID-19 Impact Analysis | Forecast to 2027
The global vitamin c market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor that is expected to accelerate the growth of the market during the forecast period includes escalating demand for vitamin C supplements, drinks, and food items. The growth of the market is attributed owing to its ability to support repairing the damaged cells in the body. Vitamin C is a popular food additive and ingredient that boasts diverse applications in various industries. It is naturally found in some fruits and vegetables and acts as an essential nutrient in human diets. Industrially, it is used across pharmaceuticals, nutraceuticals, cosmetic and personal care, and other sectors.
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The prominence of vitamin C in the food and beverages
segment and its subsequent rise in demand as a preservative is acting as a
major factor accelerating the market growth. Vitamin C generally supports
enhancing iron absorption in the body which makes it a vital additive in iron
processed foods. Meanwhile, it also plays an indispensable role in stabilizing
the micronutrients. Importantly, the US Food and Drug Agency makes it mandatory
for micronutrient food fortification in order to offer nutritious food products
to the global population. A suitable and proper intake of Vitamin C based food
and beverages is expected to charge up the level of vitamin C in the body,
thereby gradually reducing the impact of COVID-19, which in turn is further
expected to boost the growth of the market during the forecast period.
Market Coverage
•
The market number available for – 2020-2027
•
Base year- 2020
•
Forecast period- 2021-2027
• Segment
Covered-
·
By Type
·
By Source
• Regions
covered-
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
·
Competitive Landscape: Koninklijke DSM
N.V., Glanbia plc, and Foodchem International Corp., among others.
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Global Vitamin C Market Report by Segment
By Type
• Calcium
Ascorbate
• Sodium
Ascorbate
• Magnesium
Ascorbate
• Coated
Vitamin C
• Potassium
Ascorbate
• D-Isoascorbic
Acid
• Ascorbic
Acid
• Others
By Source
• Synthetic
• Natural
Global Vitamin C Market by Region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
·
Latin America
·
Middle East & Africa
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