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Synopsis
Ascorbic acid, commonly known as vitamin C, is used in various important end use industries such as pharmaceuticals, food and beverages, personal care and others. However, it is the pharmaceutical industry that is the largest consumer of ascorbic acid. As vitamin C helps in the recycling on vitamin E, the former is used for preparing vitamin C supplements in the pharmaceutical industry. In the food and beverages industry, ascorbic acid is used as an additive to enhance food quality and improve stability of food. Also, the added benefit of using ascorbic acid in food products is that it helps to preserve the aroma, colour and nutrient content of the food.
The global ascorbic acid market is all set to register a high growth trajectory in the coming decade with increasing use of this product in the pharmaceuticals and food and beverage industries. The deficiency of vitamin C is affecting increasing number of people in the world due to a change in lifestyle and a change in dietary habits of the population. Coupled with this, a rising awareness about leading a healthy lifestyle and growing living standards is expected to further boom the global market for ascorbic acid during the coming decade.
The global Ascorbic Acid market was valued at US$ 952.8 million in 2020 and is expected to reach US$ 1185.3 million by the end of 2027, growing at a CAGR of 2.7% during 2021-2027.
This report focuses on Ascorbic Acid volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Ascorbic Acid market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
Global Ascorbic Acid Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Segment by Application
Consumption by Region
By Company
Scope of the Ascorbic Acid Market Report
Report Metric |
Details |
Report Name |
Ascorbic Acid Market |
Market size in 2021 |
US$ 952.8 Million |
The revenue forecast in 2027 |
US$ 1185.3 Million |
Growth Rate |
CAGR of 2.7% from 2021 to 2027 |
Market size available for years |
2020-2027 |
Forecast units |
Value (USD) & Volume (Units) |
Segments covered |
Types, End-User / Applications, Companies, and Region |
Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Index
1 Ascorbic Acid Market Overview
1.1 Product Overview and Scope of Ascorbic Acid
1.2 Ascorbic Acid Segment by Type
1.2.1 Global Ascorbic Acid Sales Growth Rate Comparison by Type (2021-2027)
1.2.2 Tablets
1.2.3 Capsules
1.2.4 Others
1.3 Ascorbic Acid Segment by Application
1.3.1 Global Ascorbic Acid Sales Comparison by Application: (2021-2027)
1.3.2 Pharmaceuticals
1.3.3 Food and Beverages
1.3.4 Personal Care
1.3.5 Others
1.4 Global Ascorbic Acid Market Size Estimates and Forecasts
1.4.1 Global Ascorbic Acid Revenue 2016-2027
1.4.2 Global Ascorbic Acid Sales 2016-2027
1.4.3 Ascorbic Acid Market Size by Region: 2016 Versus 2021 Versus 2027
2 Ascorbic Acid Market Competition by Manufacturers
2.1 Global Ascorbic Acid Sales Market Share by Manufacturers (2016-2021)
2.2 Global Ascorbic Acid Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Ascorbic Acid Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Ascorbic Acid Manufacturing Sites, Area Served, Product Type
2.5 Ascorbic Acid Market Competitive Situation and Trends
2.5.1 Ascorbic Acid Market Concentration Rate
2.5.2 The Global Top 5 and Top 10 Largest Ascorbic Acid Players Market Share by Revenue
2.5.3 Global Ascorbic Acid Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.6 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Ascorbic Acid Retrospective Market Scenario by Region
3.1 Global Ascorbic Acid Retrospective Market Scenario in Sales by Region: 2016-2021
3.2 Global Ascorbic Acid Retrospective Market Scenario in Revenue by Region: 2016-2021
3.3 North America Ascorbic Acid Market Facts & Figures by Country
3.3.1 North America Ascorbic Acid Sales by Country
3.3.2 North America Ascorbic Acid Revenue by Country
3.3.3 U.S.
3.3.4 Canada
3.4 Europe Ascorbic Acid Market Facts & Figures by Country
3.4.1 Europe Ascorbic Acid Sales by Country
3.4.2 Europe Ascorbic Acid Revenue by Country
3.4.3 Germany
3.4.4 France
3.4.5 U.K.
3.4.6 Italy
3.4.7 Russia
3.5 Asia Pacific Ascorbic Acid Market Facts & Figures by Region
3.5.1 Asia Pacific Ascorbic Acid Sales by Region
3.5.2 Asia Pacific Ascorbic Acid Revenue by Region
3.5.3 China
3.5.4 Japan
3.5.5 South Korea
3.5.6 India
3.5.7 Australia
3.5.8 Taiwan
3.5.9 Indonesia
3.5.10 Thailand
3.5.11 Malaysia
3.5.12 Philippines
3.5.13 Vietnam
3.6 Latin America Ascorbic Acid Market Facts & Figures by Country
3.6.1 Latin America Ascorbic Acid Sales by Country
3.6.2 Latin America Ascorbic Acid Revenue by Country
3.6.3 Mexico
3.6.4 Brazil
3.6.5 Argentina
3.7 Middle East and Africa Ascorbic Acid Market Facts & Figures by Country
3.7.1 Middle East and Africa Ascorbic Acid Sales by Country
3.7.2 Middle East and Africa Ascorbic Acid Revenue by Country
3.7.3 Turkey
3.7.4 Saudi Arabia
3.7.5 U.A.E
4 Global Ascorbic Acid Historic Market Analysis by Type
4.1 Global Ascorbic Acid Sales Market Share by Type (2016-2021)
4.2 Global Ascorbic Acid Revenue Market Share by Type (2016-2021)
4.3 Global Ascorbic Acid Price by Type (2016-2021)
5 Global Ascorbic Acid Historic Market Analysis by Application
5.1 Global Ascorbic Acid Sales Market Share by Application (2016-2021)
5.2 Global Ascorbic Acid Revenue Market Share by Application (2016-2021)
5.3 Global Ascorbic Acid Price by Application (2016-2021)
6 Key Companies Profiled
6.1 Nestle
6.1.1 Nestle Corporation Information
6.1.2 Nestle Description and Business Overview
6.1.3 Nestle Ascorbic Acid Sales, Revenue and Gross Margin (2016-2021)
6.1.4 Nestle Ascorbic Acid Product Portfolio
6.1.5 Nestle Recent Developments/Updates
6.2 North China Pharmaceutical
6.2.1 North China Pharmaceutical Corporation Information
6.2.2 North China Pharmaceutical Description and Business Overview
6.2.3 North China Pharmaceutical Ascorbic Acid Sales, Revenue and Gross Margin (2016-2021)
6.2.4 North China Pharmaceutical Ascorbic Acid Product Portfolio
6.2.5 North China Pharmaceutical Recent Developments/Updates
6.3 Aland Nutraceuticals Group
6.3.1 Aland Nutraceuticals Group Corporation Information
6.3.2 Aland Nutraceuticals Group Description and Business Overview
6.3.3 Aland Nutraceuticals Group Ascorbic Acid Sales, Revenue and Gross Margin (2016-2021)
6.3.4 Aland Nutraceuticals Group Ascorbic Acid Product Portfolio
6.3.5 Aland Nutraceuticals Group Recent Developments/Updates
6.4 Dishman Group
6.4.1 Dishman Group Corporation Information
6.4.2 Dishman Group Description and Business Overview
6.4.3 Dishman Group Ascorbic Acid Sales, Revenue and Gross Margin (2016-2021)
6.4.4 Dishman Group Ascorbic Acid Product Portfolio
6.4.5 Dishman Group Recent Developments/Updates
6.5 DSM
6.5.1 DSM Corporation Information
6.5.2 DSM Description and Business Overview
6.5.3 DSM Ascorbic Acid Sales, Revenue and Gross Margin (2016-2021)
6.5.4 DSM Ascorbic Acid Product Portfolio
6.5.5 DSM Recent Developments/Updates
6.6 Shandong Luwei Pharmaceutical
6.6.1 Shandong Luwei Pharmaceutical Corporation Information
6.6.2 Shandong Luwei Pharmaceutical Description and Business Overview
6.6.3 Shandong Luwei Pharmaceutical Ascorbic Acid Sales, Revenue and Gross Margin (2016-2021)
6.6.4 Shandong Luwei Pharmaceutical Ascorbic Acid Product Portfolio
6.6.5 Shandong Luwei Pharmaceutical Recent Developments/Updates
7 Ascorbic Acid Manufacturing Cost Analysis
7.1 Ascorbic Acid Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Key Suppliers of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.3 Manufacturing Process Analysis of Ascorbic Acid
7.4 Ascorbic Acid Industrial Chain Analysis
8 Marketing Channel, Distributors and Customers
8.1 Marketing Channel
8.2 Ascorbic Acid Distributors List
8.3 Ascorbic Acid Customers
9 Ascorbic Acid Market Dynamics
9.1 Ascorbic Acid Industry Trends
9.2 Ascorbic Acid Growth Drivers
9.3 Ascorbic Acid Market Challenges
9.4 Ascorbic Acid Market Restraints
10 Global Market Forecast
10.1 Ascorbic Acid Market Estimates and Projections by Type
10.1.1 Global Forecasted Sales of Ascorbic Acid by Type (2022-2027)
10.1.2 Global Forecasted Revenue of Ascorbic Acid by Type (2022-2027)
10.2 Ascorbic Acid Market Estimates and Projections by Application
10.2.1 Global Forecasted Sales of Ascorbic Acid by Application (2022-2027)
10.2.2 Global Forecasted Revenue of Ascorbic Acid by Application (2022-2027)
10.3 Ascorbic Acid Market Estimates and Projections by Region
10.3.1 Global Forecasted Sales of Ascorbic Acid by Region (2022-2027)
10.3.2 Global Forecasted Revenue of Ascorbic Acid by Region (2022-2027)
11 Research Finding and Conclusion
12 Methodology and Data Source
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Author List
12.4 Disclaimer
List of Tables
List of Tables
Table 1. Global Ascorbic Acid Sales (MT) Growth Rate Comparison by Type (2021-2027)
Table 2. Global Ascorbic Acid Sales (MT) Comparison by Application (2021-2027)
Table 3. Global Ascorbic Acid Market Size by Region (US$ Million) (2016 VS 2021 VS 2027)
Table 4. Key Manufacturers Ascorbic Acid Covered in This Study
Table 5. Global Ascorbic Acid Sales (MT) of Key Manufacturers (2016-2021)
Table 6. Global Ascorbic Acid Sales Market Share by Manufacturers (2016-2021)
Table 7. Global Ascorbic Acid Revenue (US$ Million) by Manufacturers (2016-2021)
Table 8. Global Ascorbic Acid Revenue Share by Manufacturers (2016-2021)
Table 9. Global Market Ascorbic Acid Average Price (USD/Kg) of Key Manufacturers (2016-2021)
Table 10. Manufacturers Ascorbic Acid Manufacturing Sites and Area Served
Table 11. Manufacturers Ascorbic Acid Product Type
Table 12. Global Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 13. Global Ascorbic Acid by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Ascorbic Acid as of 2020)
Table 14. Manufacturers Mergers & Acquisitions, Expansion Plans
Table 15. Global Ascorbic Acid Sales by Region (2016-2021) & (MT)
Table 16. Global Ascorbic Acid Sales Market Share by Region (2016-2021)
Table 17. Global Ascorbic Acid Revenue by Region (2016-2021) & (US$ Million)
Table 18. North America Ascorbic Acid Sales by Country (2016-2021) & (MT)
Table 19. North America Ascorbic Acid Sales Market Share by Country (2016-2021)
Table 20. North America Ascorbic Acid Revenue by Country (2016-2021) & (US$ Million)
Table 21. North America Ascorbic Acid Revenue Market Share by Country (2016-2021)
Table 22. Europe Ascorbic Acid Sales by Country (2016-2021) & (MT)
Table 23. Europe Ascorbic Acid Sales Market Share by Country (2016-2021)
Table 24. Europe Ascorbic Acid Revenue by Country (2016-2021) & (US$ Million)
Table 25. Europe Ascorbic Acid Revenue Market Share by Country (2016-2021)
Table 26. Asia Pacific Ascorbic Acid Sales by Region (2016-2021) & (MT)
Table 27. Asia Pacific Ascorbic Acid Sales Market Share by Region (2016-2021)
Table 28. Asia Pacific Ascorbic Acid Revenue by Region (2016-2021) & (US$ Million)
Table 29. Asia Pacific Ascorbic Acid Revenue Market Share by Region (2016-2021)
Table 30. Latin America Ascorbic Acid Sales by Country (2016-2021) & (MT)
Table 31. Latin America Ascorbic Acid Sales Market Share by Country (2016-2021)
Table 32. Latin America Ascorbic Acid Revenue by Country (2016-2021) & (US$ Million)
Table 33. Latin America Ascorbic Acid Revenue Market Share by Country (2016-2021)
Table 34. Middle East and Africa Ascorbic Acid Sales by Country (2016-2021) & (MT)
Table 35. Middle East and Africa Ascorbic Acid Sales Market Share by Country (2016-2021)
Table 36. Middle East and Africa Ascorbic Acid Revenue by Country (2016-2021) & (US$ Million)
Table 37. Middle East and Africa Ascorbic Acid Revenue Market Share by Country (2016-2021)
Table 38. Global Ascorbic Acid Sales (MT) by Type (2016-2021)
Table 39. Global Ascorbic Acid Sales Market Share by Type (2016-2021)
Table 40. Global Ascorbic Acid Revenue (Million US$) by Type (2016-2021)
Table 41. Global Ascorbic Acid Revenue Share by Type (2016-2021)
Table 42. Global Ascorbic Acid Price (USD/Kg) by Type (2016-2021)
Table 43. Global Ascorbic Acid Sales (MT) by Application (2016-2021)
Table 44. Global Ascorbic Acid Sales Market Share by Application (2016-2021)
Table 45. Global Ascorbic Acid Revenue (Million US$) by Application (2016-2021)
Table 46. Global Ascorbic Acid Revenue Share by Application (2016-2021)
Table 47. Global Ascorbic Acid Price (USD/Kg) by Application (2016-2021)
Table 48. Nestle Corporation Information
Table 49. Nestle Description and Business Overview
Table 50. Nestle Ascorbic Acid Sales (MT), Revenue (Million US$), Price (USD/Kg) and Gross Margin (2016-2021)
Table 51. Nestle Ascorbic Acid Product
Table 52. Nestle Recent Developments/Updates
Table 53. North China Pharmaceutical Corporation Information
Table 54. North China Pharmaceutical Description and Business Overview
Table 55. North China Pharmaceutical Ascorbic Acid Sales (MT), Revenue (Million US$), Price (USD/Kg) and Gross Margin (2016-2021)
Table 56. North China Pharmaceutical Ascorbic Acid Product
Table 57. North China Pharmaceutical Recent Developments/Updates
Table 58. Aland Nutraceuticals Group Corporation Information
Table 59. Aland Nutraceuticals Group Description and Business Overview
Table 60. Aland Nutraceuticals Group Ascorbic Acid Sales (MT), Revenue (Million US$), Price (USD/Kg) and Gross Margin (2016-2021)
Table 61. Aland Nutraceuticals Group Ascorbic Acid Product
Table 62. Aland Nutraceuticals Group Recent Developments/Updates
Table 63. Dishman Group Corporation Information
Table 64. Dishman Group Description and Business Overview
Table 65. Dishman Group Ascorbic Acid Sales (MT), Revenue (Million US$), Price (USD/Kg) and Gross Margin (2016-2021)
Table 66. Dishman Group Ascorbic Acid Product
Table 67. Dishman Group Recent Developments/Updates
Table 68. DSM Corporation Information
Table 69. DSM Description and Business Overview
Table 70. DSM Ascorbic Acid Sales (MT), Revenue (Million US$), Price (USD/Kg) and Gross Margin (2016-2021)
Table 71. DSM Ascorbic Acid Product
Table 72. DSM Recent Developments/Updates
Table 73. Shandong Luwei Pharmaceutical Corporation Information
Table 74. Shandong Luwei Pharmaceutical Description and Business Overview
Table 75. Shandong Luwei Pharmaceutical Ascorbic Acid Sales (MT), Revenue (Million US$), Price (USD/Kg) and Gross Margin (2016-2021)
Table 76. Shandong Luwei Pharmaceutical Ascorbic Acid Product
Table 77. Shandong Luwei Pharmaceutical Recent Developments/Updates
Table 78. Production Base and Market Concentration Rate of Raw Material
Table 79. Key Suppliers of Raw Materials
Table 80. Ascorbic Acid Distributors List
Table 81. Ascorbic Acid Customers List
Table 82. Ascorbic Acid Market Trends
Table 83. Ascorbic Acid Growth Drivers
Table 84. Ascorbic Acid Market Challenges
Table 85. Ascorbic Acid Market Restraints
Table 86. Global Ascorbic Acid Sales Forecast by Type (2022-2027) & (MT)
Table 87. Global Ascorbic Acid Sales Market Share Forecast by Type (2022-2027)
Table 88. Global Ascorbic Acid Revenue Forecast by Type (2022-2027) & (US$ Million)
Table 89. Global Ascorbic Acid Revenue Market Share Forecast by Type (2022-2027)
Table 90. Global Ascorbic Acid Sales Forecast by Application (2022-2027) & (MT)
Table 91. Global Ascorbic Acid Sales Market Share Forecast by Application (2022-2027)
Table 92. Global Ascorbic Acid Revenue Forecast by Application (2022-2027) & (US$ Million)
Table 93. Global Ascorbic Acid Revenue Market Share Forecast by Application (2022-2027)
Table 94. Global Ascorbic Acid Sales Forecast by Region (2022-2027) & (MT)
Table 95. Global Ascorbic Acid Sales Market Share Forecast by Region (2022-2027)
Table 96. Global Ascorbic Acid Revenue Forecast by Region (2022-2027) & (US$ Million)
Table 97. Global Ascorbic Acid Revenue Market Share Forecast by Region (2022-2027)
Table 98. Research Programs/Design for This Report
Table 99. Key Data Information from Secondary Sources
Table 100. Key Data Information from Primary Sources
List of Figures
Figure 1. Product Picture of Ascorbic Acid
Figure 2. Global Ascorbic Acid Market Share by Type in 2020 & 2027
Figure 3. Tablets Product Picture
Figure 4. Capsules Product Picture
Figure 5. Others Product Picture
Figure 6. Global Ascorbic Acid Market Share by Application in 2020 & 2027
Figure 7. Pharmaceuticals
Figure 8. Food and Beverages
Figure 9. Personal Care
Figure 10. Others
Figure 11. Global Ascorbic Acid Revenue, (US$ Million), 2016 VS 2021 VS 2027
Figure 12. Global Ascorbic Acid Market Size 2016-2027 (US$ Million)
Figure 13. Global Ascorbic Acid Sales 2016-2027 (MT)
Figure 14. Global Ascorbic Acid Market Size Market Share by Region: 2016 VS 20210 VS 2027
Figure 15. Ascorbic Acid Sales Share by Manufacturers in 2020
Figure 16. Global Ascorbic Acid Revenue Share by Manufacturers in 2020
Figure 17. The Global 5 and 10 Largest Ascorbic Acid Players: Market Share by Revenue in 2020
Figure 18. Ascorbic Acid Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2016 VS 2021
Figure 19. Global Ascorbic Acid Sales Market Share by Region (2016-2021)
Figure 20. Global Ascorbic Acid Sales Market Share by Region in 2020
Figure 21. Global Ascorbic Acid Revenue Market Share by Region (2016-2021)
Figure 22. Global Ascorbic Acid Revenue Market Share by Region in 2020
Figure 23. U.S. Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 24. Canada Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 25. Germany Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 26. France Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 27. U.K. Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 28. Italy Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 29. Russia Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 30. China Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 31. Japan Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 32. South Korea Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 33. India Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 34. Australia Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 35. Taiwan Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 36. Indonesia Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 37. Thailand Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 38. Malaysia Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 39. Philippines Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 40. Vietnam Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 41. Mexico Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 42. Brazil Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 43. Argentina Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 44. Turkey Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 45. Saudi Arabia Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 46. U.A.E Ascorbic Acid Revenue Growth Rate (2016-2021) (US$ Million)
Figure 47. Sales Market Share of Ascorbic Acid by Type (2016-2021)
Figure 48. Sales Market Share of Ascorbic Acid by Application (2016-2021)
Figure 49. Sales Market Share of Ascorbic Acid by Application in 2020
Figure 50. Revenue Share of Ascorbic Acid by Application (2016-2021)
Figure 51. Revenue Share of Ascorbic Acid by Application in 2020
Figure 52. Manufacturing Cost Structure of Ascorbic Acid
Figure 53. Manufacturing Process Analysis of Ascorbic Acid
Figure 54. Ascorbic Acid Industrial Chain Analysis
Figure 55. Channels of Distribution
Figure 56. Distributors Profiles
Figure 57. Bottom-up and Top-down Approaches for This Report
Figure 58. Data Triangulation
Figure 59. Key Executives Interviewed
Published By : QY Research