Vitamin C Market, Global Outlook and Forecast 2023-2029

Report ID: MMG50702 | Category: Pharma & Healthcare | Pages: 74 | Format: PDF | Published Date: February 21,2023

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Report Summary

Ascorbic acid (Vitamin C), an essential nutrient found mainly in fruits and vegetables. The body requires ascorbic acid in order to form and maintain bones, blood vessels, and skin. Ascorbic acid also promotes the healing of cuts, abrasions and wounds; helps fight infections; inhibits conversion of irritants in smog, tobacco smoke, and certain foods into cancer-causing substances; appears to lessen the risk of developing high blood pressure and heart disease; helps regulate cholesterol levels; prevents the development of scurvy; appears to lower the risk of developing cataracts; and aids in iron absorption. Ascorbic acid can cause adverse reactions when taken with some drugs.
This report aims to provide a comprehensive presentation of the global market for Vitamin C, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vitamin C. This report contains market size and forecasts of Vitamin C in global, including the following market information:
Global Vitamin C Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Vitamin C Market Sales, 2018-2023, 2024-2029, (Kg)
Global top five Vitamin C companies in 2022 (%)
The global Vitamin C market was valued at US$ 1249 million in 2022 and is projected to reach US$ 1542.7 million by 2029, at a CAGR of 3.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
China is the largest Production countries of vitamin C, with a production market share more than 80.82%. 
The vitamin C is classified into the food grade, pharmaceutical grade, feed grade. As of 2019, food grade vitamin C segment dominates the market contributing about 64.0% of the total market share.
Vitamin C is major applied in Food & Beverage, Pharmaceuticals & Healthcare, Feed, Cosmetics industry, in 2019, demand for Food & Beverage industry occupied the largest market, with 57.7% share, while Pharmaceuticals & Healthcare and Feed share 32.5% and 7.8% respectively.
The vitamin C market is very concentrated market; key players include DSM, CSPC Pharma, Northeast Pharma, Shandong Luwei, Shandong Tianli, Anhui Tiger, Ningxia Qiyuan, Zhengzhou Tuoyang, Henan Huaxing; the revenue of top five manufacturers accounts about 82.3% of the total revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Vitamin C manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vitamin C Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Kg)
Global Vitamin C Market Segment Percentages, by Type, 2022 (%)
    Food Grade Vitamin C
    Pharmaceutical Grade Vitamin C
    Feed Grade Vitamin C
Global Vitamin C Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Kg)
Global Vitamin C Market Segment Percentages, by Application, 2022 (%)
    Food & Beverage
    Pharmaceuticals & Healthcare
    Feed
    Cosmetics
Global Vitamin C Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Kg)
Global Vitamin C Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vitamin C revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Vitamin C revenues share in global market, 2022 (%)
Key companies Vitamin C sales in global market, 2018-2023 (Estimated), (Kg)
Key companies Vitamin C sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    DSM
    CSPC Pharma
    Northeast Pharma
    Shandong Luwei
    Shandong Tianli
    Anhui Tiger
    Ningxia Qiyuan
    Zhengzhou Tuoyang
    Henan Huaxing
Outline of Major Chapters:
Chapter 1: Introduces the definition of Vitamin C, market overview.
Chapter 2: Global Vitamin C market size in revenue and volume.
Chapter 3: Detailed analysis of Vitamin C manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Vitamin C in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Vitamin C capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Vitamin C Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Vitamin C Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Vitamin C Overall Market Size
    2.1 Global Vitamin C Market Size: 2022 VS 2029
    2.2 Global Vitamin C Revenue, Prospects & Forecasts: 2018-2029
    2.3 Global Vitamin C Sales: 2018-2029
3 Company Landscape
    3.1 Top Vitamin C Players in Global Market
    3.2 Top Global Vitamin C Companies Ranked by Revenue
    3.3 Global Vitamin C Revenue by Companies
    3.4 Global Vitamin C Sales by Companies
    3.5 Global Vitamin C Price by Manufacturer (2018-2023)
    3.6 Top 3 and Top 5 Vitamin C Companies in Global Market, by Revenue in 2022
    3.7 Global Manufacturers Vitamin C Product Type
    3.8 Tier 1, Tier 2 and Tier 3 Vitamin C Players in Global Market
        3.8.1 List of Global Tier 1 Vitamin C Companies
        3.8.2 List of Global Tier 2 and Tier 3 Vitamin C Companies
4 Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Vitamin C Market Size Markets, 2022 & 2029
        4.1.2 Food Grade Vitamin C
        4.1.3 Pharmaceutical Grade Vitamin C
        4.1.4 Feed Grade Vitamin C
    4.2 By Type - Global Vitamin C Revenue & Forecasts
        4.2.1 By Type - Global Vitamin C Revenue, 2018-2023
        4.2.2 By Type - Global Vitamin C Revenue, 2024-2029
        4.2.3 By Type - Global Vitamin C Revenue Market Share, 2018-2029
    4.3 By Type - Global Vitamin C Sales & Forecasts
        4.3.1 By Type - Global Vitamin C Sales, 2018-2023
        4.3.2 By Type - Global Vitamin C Sales, 2024-2029
        4.3.3 By Type - Global Vitamin C Sales Market Share, 2018-2029
    4.4 By Type - Global Vitamin C Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Vitamin C Market Size, 2022 & 2029
        5.1.2 Food & Beverage
        5.1.3 Pharmaceuticals & Healthcare
        5.1.4 Feed
        5.1.5 Cosmetics
    5.2 By Application - Global Vitamin C Revenue & Forecasts
        5.2.1 By Application - Global Vitamin C Revenue, 2018-2023
        5.2.2 By Application - Global Vitamin C Revenue, 2024-2029
        5.2.3 By Application - Global Vitamin C Revenue Market Share, 2018-2029
    5.3 By Application - Global Vitamin C Sales & Forecasts
        5.3.1 By Application - Global Vitamin C Sales, 2018-2023
        5.3.2 By Application - Global Vitamin C Sales, 2024-2029
        5.3.3 By Application - Global Vitamin C Sales Market Share, 2018-2029
    5.4 By Application - Global Vitamin C Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
    6.1 By Region - Global Vitamin C Market Size, 2022 & 2029
    6.2 By Region - Global Vitamin C Revenue & Forecasts
        6.2.1 By Region - Global Vitamin C Revenue, 2018-2023
        6.2.2 By Region - Global Vitamin C Revenue, 2024-2029
        6.2.3 By Region - Global Vitamin C Revenue Market Share, 2018-2029
    6.3 By Region - Global Vitamin C Sales & Forecasts
        6.3.1 By Region - Global Vitamin C Sales, 2018-2023
        6.3.2 By Region - Global Vitamin C Sales, 2024-2029
        6.3.3 By Region - Global Vitamin C Sales Market Share, 2018-2029
    6.4 North America
        6.4.1 By Country - North America Vitamin C Revenue, 2018-2029
        6.4.2 By Country - North America Vitamin C Sales, 2018-2029
        6.4.3 US Vitamin C Market Size, 2018-2029
        6.4.4 Canada Vitamin C Market Size, 2018-2029
        6.4.5 Mexico Vitamin C Market Size, 2018-2029
    6.5 Europe
        6.5.1 By Country - Europe Vitamin C Revenue, 2018-2029
        6.5.2 By Country - Europe Vitamin C Sales, 2018-2029
        6.5.3 Germany Vitamin C Market Size, 2018-2029
        6.5.4 France Vitamin C Market Size, 2018-2029
        6.5.5 U.K. Vitamin C Market Size, 2018-2029
        6.5.6 Italy Vitamin C Market Size, 2018-2029
        6.5.7 Russia Vitamin C Market Size, 2018-2029
        6.5.8 Nordic Countries Vitamin C Market Size, 2018-2029
        6.5.9 Benelux Vitamin C Market Size, 2018-2029
    6.6 Asia
        6.6.1 By Region - Asia Vitamin C Revenue, 2018-2029
        6.6.2 By Region - Asia Vitamin C Sales, 2018-2029
        6.6.3 China Vitamin C Market Size, 2018-2029
        6.6.4 Japan Vitamin C Market Size, 2018-2029
        6.6.5 South Korea Vitamin C Market Size, 2018-2029
        6.6.6 Southeast Asia Vitamin C Market Size, 2018-2029
        6.6.7 India Vitamin C Market Size, 2018-2029
    6.7 South America
        6.7.1 By Country - South America Vitamin C Revenue, 2018-2029
        6.7.2 By Country - South America Vitamin C Sales, 2018-2029
        6.7.3 Brazil Vitamin C Market Size, 2018-2029
        6.7.4 Argentina Vitamin C Market Size, 2018-2029
    6.8 Middle East & Africa
        6.8.1 By Country - Middle East & Africa Vitamin C Revenue, 2018-2029
        6.8.2 By Country - Middle East & Africa Vitamin C Sales, 2018-2029
        6.8.3 Turkey Vitamin C Market Size, 2018-2029
        6.8.4 Israel Vitamin C Market Size, 2018-2029
        6.8.5 Saudi Arabia Vitamin C Market Size, 2018-2029
        6.8.6 UAE Vitamin C Market Size, 2018-2029
7 Manufacturers & Brands Profiles
    7.1 DSM
        7.1.1 DSM Company Summary
        7.1.2 DSM Business Overview
        7.1.3 DSM Vitamin C Major Product Offerings
        7.1.4 DSM Vitamin C Sales and Revenue in Global (2018-2023)
        7.1.5 DSM Key News & Latest Developments
    7.2 CSPC Pharma
        7.2.1 CSPC Pharma Company Summary
        7.2.2 CSPC Pharma Business Overview
        7.2.3 CSPC Pharma Vitamin C Major Product Offerings
        7.2.4 CSPC Pharma Vitamin C Sales and Revenue in Global (2018-2023)
        7.2.5 CSPC Pharma Key News & Latest Developments
    7.3 Northeast Pharma
        7.3.1 Northeast Pharma Company Summary
        7.3.2 Northeast Pharma Business Overview
        7.3.3 Northeast Pharma Vitamin C Major Product Offerings
        7.3.4 Northeast Pharma Vitamin C Sales and Revenue in Global (2018-2023)
        7.3.5 Northeast Pharma Key News & Latest Developments
    7.4 Shandong Luwei
        7.4.1 Shandong Luwei Company Summary
        7.4.2 Shandong Luwei Business Overview
        7.4.3 Shandong Luwei Vitamin C Major Product Offerings
        7.4.4 Shandong Luwei Vitamin C Sales and Revenue in Global (2018-2023)
        7.4.5 Shandong Luwei Key News & Latest Developments
    7.5 Shandong Tianli
        7.5.1 Shandong Tianli Company Summary
        7.5.2 Shandong Tianli Business Overview
        7.5.3 Shandong Tianli Vitamin C Major Product Offerings
        7.5.4 Shandong Tianli Vitamin C Sales and Revenue in Global (2018-2023)
        7.5.5 Shandong Tianli Key News & Latest Developments
    7.6 Anhui Tiger
        7.6.1 Anhui Tiger Company Summary
        7.6.2 Anhui Tiger Business Overview
        7.6.3 Anhui Tiger Vitamin C Major Product Offerings
        7.6.4 Anhui Tiger Vitamin C Sales and Revenue in Global (2018-2023)
        7.6.5 Anhui Tiger Key News & Latest Developments
    7.7 Ningxia Qiyuan
        7.7.1 Ningxia Qiyuan Company Summary
        7.7.2 Ningxia Qiyuan Business Overview
        7.7.3 Ningxia Qiyuan Vitamin C Major Product Offerings
        7.7.4 Ningxia Qiyuan Vitamin C Sales and Revenue in Global (2018-2023)
        7.7.5 Ningxia Qiyuan Key News & Latest Developments
    7.8 Zhengzhou Tuoyang
        7.8.1 Zhengzhou Tuoyang Company Summary
        7.8.2 Zhengzhou Tuoyang Business Overview
        7.8.3 Zhengzhou Tuoyang Vitamin C Major Product Offerings
        7.8.4 Zhengzhou Tuoyang Vitamin C Sales and Revenue in Global (2018-2023)
        7.8.5 Zhengzhou Tuoyang Key News & Latest Developments
    7.9 Henan Huaxing
        7.9.1 Henan Huaxing Company Summary
        7.9.2 Henan Huaxing Business Overview
        7.9.3 Henan Huaxing Vitamin C Major Product Offerings
        7.9.4 Henan Huaxing Vitamin C Sales and Revenue in Global (2018-2023)
        7.9.5 Henan Huaxing Key News & Latest Developments
8 Global Vitamin C Production Capacity, Analysis
    8.1 Global Vitamin C Production Capacity, 2018-2029
    8.2 Vitamin C Production Capacity of Key Manufacturers in Global Market
    8.3 Global Vitamin C Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
    9.1 Market Opportunities & Trends
    9.2 Market Drivers
    9.3 Market Restraints
10 Vitamin C Supply Chain Analysis
    10.1 Vitamin C Industry Value Chain
    10.2 Vitamin C Upstream Market
    10.3 Vitamin C Downstream and Clients
    10.4 Marketing Channels Analysis
        10.4.1 Marketing Channels
        10.4.2 Vitamin C Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
    12.1 Note
    12.2 Examples of Clients
    12.3 Disclaimer

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Vitamin C Market, Global Outlook and Forecast 2023-2029

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